In a significant move to bolster economic ties, Malta Enterprise (ME) has partnered with the Federal Association of SMEs (BVMW) to attract more German companies to Malta. This collaboration aims to leverage the strengths of both organizations to create a conducive environment for German businesses looking to expand into Malta.
A New Synergy
The partnership was officially inaugurated with the opening of the BVMW Auslandsbüro in Malta. This event was marked by the presence of a German business delegation and key figures from both ME and BVMW. Kurt Farrugia, CEO of Malta Enterprise, expressed his gratitude to the BVMW Board for their commitment to Malta. He assured that ME would provide all necessary support to value-adding businesses planning to establish operations in Malta.
Strengthening Economic Ties
The collaboration is seen as a strategic move to enhance Malta’s appeal as a business hub. Alfons Schwarte, leading the Malta chapter of BVMW, highlighted the importance of this partnership in attracting more German businesses. The presence of BVMW in Malta is expected to facilitate smoother entry and operations for German companies, providing them with the necessary resources and support.
Exploring Opportunities
During their visit, the German delegation toured the Malta LifeSciences Park in San Ġwann, a hub for life sciences and digital industries managed by Malta Enterprise. Marion Zammit, Head of Investment Promotion at ME, explained the role of ME in driving economic growth and supporting businesses. The delegates also visited Seifert, a German company specializing in industrial thermal management systems, showcasing the potential for successful business operations in Malta.
Conclusion
This collaboration between Malta Enterprise and BVMW marks a significant step towards strengthening economic ties between Malta and Germany. By providing a supportive environment and leveraging the strengths of both organizations, this partnership aims to attract more German businesses to Malta, fostering economic growth and innovation.