The Malta Development Bank (MDB) underscored the importance of strategic partnerships with social partners such as business associations and trade unions. Such partnerships were described as “a pivotal element” of the bank’s efforts to spearhead the nation’s carbon neutral and digital transition.

This was highlighted during key meetings between MDB Chairman Leo Brincat and CEO Paul V Azzopardi and representatives from the Gozo Business Chamber, Malta Employers’ Association (MEA), Malta Hotels and Restaurants Association (MHRA), General Workers Union (GWU) and UHM – Voice of the Workers. Meetings with the Malta Chamber of SMEs and the Malta Chamber of Commerce are also planned.

Through fostering collaboration, MDB aims to facilitate knowledge exchange, promote innovation, and catalyse investments that align with Malta’s overarching sustainability objectives.

Mr Brincat emphasised the critical importance of proactive engagement with stakeholders across diverse sectors.

“As Malta charts its course towards a carbon neutral and digitally driven economy, the MDB is keen to serve as a catalyst to transformative change,” he explained.

Mr Brincat also added that the bank’s engagement with business associations and trade unions “reflect commitment to nurture an inclusive ecosystem that prioritises sustainable growth and equitable opportunities for all.”

During the discussions MDB also explained its role in providing targeted financial solutions and strategic guidance to businesses as they seek to embrace the challenges and opportunities of the carbon neutral and digital transition.

“Representatives from these social partners expressed their appreciation for the MDB’s proactive outreach and affirmed their commitment to advancing shared objectives in tandem with the bank,” MDB concluded.

Vessel and aircraft creditors’ rights ‘tightly protected’ under new insolvency rules, says Official Receiver

April 21, 2024
by Robert Fenech

Malta’s new insolvency laws includes special provisions for the maritime and aviation sectors

‘Look for villages around Malta instead’: Expat advises against settling in ‘chaotic’ Northern Harbour area

April 20, 2024
by Fabrizio Tabone

Alex Vasilevski acknowledges that choosing where to live is crucial to how one views the country

Unpacking Malta’s new American-style bankruptcy framework

April 19, 2024
by Robert Fenech

The EU is reforming its insolvency rules to adopt some of the most beneficial elements of the US framework