Five en­ter­prises ben­e­fit from €4m in in­ter­est rate sub­si­dies

Malta Independent - - NEWS -

Five en­ter­prises ben­e­fited from nearly €4 mil­lion in in­ter­est rate sub­si­dies, ac­cord­ing to a par­lia­men­tary ques­tion an­swered by the Min­is­ter for the Econ­omy, In­vest­ment and Small Busi­nesses.

The ques­tion, which was put for­ward by MP An­thony Agius De­celis, also showed that in 2016 two com­pa­nies ben­e­fited €280,000 so far.

When pressed about the dis­crep­an­cies in amounts be­tween the years by MP Censu Galea, the min­is­ter said that the amount sub­sidised in 2015 was an in­di­ca­tion of a pro­duc­tive govern­ment al­low­ing en­ter­prises to grow and in­vest within the coun­try, go­ing as far to say it would have been bet­ter if the govern­ment sub­sidised “€10, €20, or €30 mil­lion”.

An­thony Agius De­celis

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