Following a difficult decade, the EU looks to have recovered, with positive numbers both in terms of economic growth and employment creation. To fully exploit the present momentum and make the positive cyclical component of the recovery last in a sustainable manner, decisive steps are required for a brighter future in Europe and ensure that reforms at national level continue to structurally strengthen the economies.
The EU budget is one such tool. The Multiannual Financial Framework (MFF) post-2020 will need to reflect the new context and speed-up the important transformations which have been steadily occurring in the EU budget, namely an increased focus on areas with clear EU added value, greater role for innovation, and focus on results.
MBB CEO Joe Tanti stated, “The EU budget needs to be optimised, the benefits amplified, and ensure visible results, especially in a moment where the EU needs to come closer to its citizens and when the exit of the UK from the EU will reduce the means available at EU level.” “For that, its priorities and functioning must be improved to ensure a more efficient and effective spending, and key concerns of businesses and citizens must be properly addressed.”
“One also needs to address the Maltese perspective in the wider EU debate. How will a reduction in cohesion funds impact the Maltese economy and businesses in general? What do Maltese businesses expect in the upcoming EU budget? Are they sufficiently aware of other opportunities provided by EU funds?” he asked.
To address these topics, the Malta Business Bureau and the European Commission Representation invite entrepreneurs and company representatives to a business seminar on the future EU budget, taking place on Friday 19 October at 09:00hrs at Europe House Valletta. A panel of experts and high-profile speakers will probe deeper into and exchange views on the future EU budget post-2020; its implications on Malta and the opportunities it presents to businesses. The Hon. Parliamentary Secretary for EU funds and social dialogue, Dr. Aaron Farrugia will also address the event.
For registration, send email to email@example.com or call on +356 2125 1719.