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ARTICLE · 11 MAY 2020

Maltese Government Launches The Third Financial Package

The Prime Minister announces the third financial package to help the Maltese economy during the COVID-19 outbreak.

MaltaCoronavirus (COVID-19)

During a press conference held on 24th March, the Prime Minister announced the third financial package to help the Maltese economy during the COVID-19 outbreak. The main thrust of this package is to preserve employment and as a corollary, to ensure that once the pandemic eases, the Maltese economy takes off quickly. 

Measures targeting the hardest hit sectors

The Government will finance €800 per month per full-time employee to businesses that have been hardest hit by the COVID-19 outbreak. The same amount will also be paid to self-employed individuals engaged in such sectors. Employers who were constrained to lay off employees will be eligible for such payment if they re-engage the laid off employees. This measure applies retrospectively as from 9th March 2020 and is equally applicable to enterprises, including self-employed, operating in Gozo.

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