BOV ex­tends col­lab­o­ra­tion with Gozo Busi­ness Cham­ber

The Malta Business Weekly - - NEWS -

Busi­nesses in Gozo face the same chal­lenges as ones in Malta, with the added bur­den of dou­ble in­su­lar­ity, that in­clude higher trans­port costs and re­duced economies of scale that in turn lower the at­trac­tive­ness for in­creased in­vest­ment in Gozo.

This was de­clared by Joseph Borg, Pres­i­dent of the Gozo Busi­ness Cham­ber dur­ing and ‘Ac­cess to Fi­nance’ event or­gan­ised in col­lab­o­ra­tion with Bank of Val­letta.

‘Iden­ti­fy­ing the right form of fi­nance for the ap­pro­pri­ate stage of busi­ness growth is key to suc­cess­fully ac­cess­ing fi­nance, said Mark Sci­cluna Bar­toli, Ex­ec­u­tive EU & In­sti­tu­tional Af­fairs at Bank of Val­letta.

This was the ob­jec­tive of the sem­i­nar or­ga­nized as part of Malta’s SME week. Pre­sen­ta­tions on dif­fer­ent forms of fi­nance were pre­sented to the au­di­ence. These in­cluded EU risk shar­ing in­stru­ments, such as the BOV JAIME Fi­nanc­ing Pack­age, crowd fund­ing plat­forms ini­tia- tives, such as Zaar, cap­i­tal mar­ket fund­ing us­ing the Malta Stock Ex­change – Prospects and boot­strap­ping a start-up IT com­pany.

Such fi­nan­cial ed­u­ca­tion ini­tia­tives form the ba­sis of the BOV / Gozo Busi­ness Cham­ber col­lab­o­ra­tion agree­ment which was re­newed be­tween the two or­gan­i­sa­tions. ‘Our sup­port to pro­vide value added in­for­ma­tion to the Goz­i­tan busi­ness com­mu­nity to thrive com­ple­ments the Gozo Busi­ness Cham­ber’s ob­jec­tives of en­hanc­ing com­mer­cial op­por­tu­ni­ties in Gozo’

This was high­lighted by Mark Sci­cluna Bar­toli – Ex­ec­u­tive EU & In­sti­tu­tional Af­fairs – Bank of Val­letta on sign­ing the BOV / Gozo Busi­ness Cham­ber as­so­ci­a­tion agree­ment.

The event con­cluded with an in­ter­ven­tion from the Min­istry of Gozo high­light­ing the var­i­ous in­cen­tives of­fered to Goz­i­tan en­ter­prises and how the Min­istry of Gozo will con­tinue to play a key role in as­sist­ing Goz­i­tan busi­ness grow.

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