Late Payment Fee Directive – A framework for protection against consequences of late payments
- Created on Monday, 26 January 2015 10:32
The Minister for the Economy, Investment and Small Businesses, Hon Chris Cardona, addressed an information session regarding the transposition of the Late Payment Fee Directive (2011/7/EU), hosted by GRTU.
The directive seeks to create a framework to address the growing concern of business-to-business payments and payments by the government or public authorities to businesses, where such payments are effected beyond the agreed due date or remain overdue. This, as we are all aware, causes burdens on business undertakings, particularly small business, causing stress on cash-flow and at times resulting in bankruptcy.
GRTU calls for the Commuted Parking Scheme Fund to be used for the creation of new parking opportunities
- Created on Saturday, 24 January 2015 16:11
During an MCESD meeting specifically held on GRTU’s request the Minister for Transport and Infrastructure Joe Mizzi explained details about the new public transport operator and service. These included details on the acquisition by the new company, the investment it will carry out, the 15 year subsidy given by the Government and the increased service it is expected to result in.
Paul Abela confirmed as GRTU President - GRTU holds successful Annual General Meeting
- Created on Friday, 23 January 2015 20:31
GRTU has today held its first Executive Council meeting during which Paul Abela has been confirmed as GRTU Presidentfor the year 2015.
GRTU welcomes Air Malta’s determination to restructure and appeals for responsibility
- Created on Friday, 16 January 2015 20:25
Air Malta has strengthened its resolve to take the difficult and necessary decisions to save the national airline which will also ensure a positive outcome for the country. This was the reaction of the airlines’ chairwoman Ms Maria Micallef after receiving the news of Cyprus Airways demise by the European Commission.
GRTU is in full support of Air Malta’s restructuring and it appeals to the various stakeholders involved to be reasonable and