Gov­ern­ment to con­tinue sup­port­ing SMEs to en­joy the ad­van­tages of the Dig­i­tal Econ­omy

The Malta Business Weekly - - NEWS -

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.

Newspapers in English

Newspapers from Malta

© PressReader. All rights reserved.