Government to continue supporting SMEs to enjoy the advantages of the Digital Economy
Echoing the Budget message of a strong economy, the Minister for the Economy, Investment and Small Business, Dr Chris Cardona addressed attendees of a seminar organised by GRTU entitled Bridging Malta’s Digital Economy to SMEs as part of the 2015 SME week.
The private sector is recognised as the leading source of economic growth and employment. With economic growth to reach 4.2% in the coming year, Minister Cardona expressed how a foray into digital marketing is definitely promising and essential for SMEs and to continue to promote Malta as a commercial hub.
The positive economic growth resulting in strengthened financial confidence should not lead to complacency, stated Minister Cardona. Vulnerability to external economic situations along with the native issues, such as the lack of specialist knowledge in different technologies or the complementary skill-sets, are issues that should be acknowledged.
However, Dr Cardona emphasized that one should not be concerned by such challenges but rather consider them as opportunities to thrive on. With this in mind, Minister Cardona stressed the importance of a proactive stance to position Malta as an ICT driver, keeping up with technolo- gy trends, such as the cloud, social media and business intelligence while also outlining government’s initiatives on the agenda.
“There are a number of challenges and opportunities for us in Malta. They lie in the areas of research and innovation, education, enterprise and employment, where ICT is a horizontal enabler. Both the Digital Malta and National Research and Innovation Strategies address these challenges and opportunities by tackling weaknesses and reinforcing strengths,” said Minister Cardona.
Earlier this year, eBiz, a successful programme aimed at assisting SMEs in using ICT in their business, was introduced and the second phase of this initiative will be launched later on this year. Minister Cardona said that Malta embraces the notion of the potential of the digital economy in its entirety and that government will continue to support SMEs to enjoy the advantages that this can bring to their business.