Malta: Government to subsidise up to 2.5% on business interest rates

Businesses which will take out resort to taking out loans due to the coronavirus outbreak will benefit from a 2.5% subsidy on interest rates.

The new measure was announced by Parliamentary Secretary for Financial Services Clayton Bartolo who addressed an online press conference with Finance Minister Edward Scicluna on Thursday afternoon.

The new measure is aimed at assisting businesses which have been negatively impacted by the outbreak.

Source: Newsbook

Updated: 15:40

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