The European Commission has approved Malta's EU Operational Programme for the SME Initiative for the period 2014-2020, it was announced yesterday. Through this innovative financial instrument, local enterprise is ensured an initial estimated range of between €50-70 million worth of credit capital investment that will be dedicated specifically to support SME competitiveness.
In a press statement, the Nationalist Party welcomed the news, and said that this confirms the faith the European Union has in Maltese businesses.
During 2014, the opposition put forward 70 proposals regarding management of European Funds for this period. The Opposition reiterated that it is ready to put forward its ideas regarding European funds, and how can they be properly managed.