A report issued by the World Bank placing Malta in the 102 place from 185 countries, sustains what has been alleged by the self-employed, entrepreneurs and businessmen who are finding it difficult to continue their ventures due to beurocracy and go-slow attitude employed by the Government, PL spokesperson Chris Cardona said today.

The spokesperson for Industry, self-employed and foreign investment held that anyone attempting to invest in Malta has to go through 11 different procedures spread over around 40 days, whilst the same person will only wait 3 days in Singapore for a process that involves just 3 different procedures. It takes an entrepreneur over 500 days to enforce contractual terms in Malta whilst the same process will only take 150 days in Singapore.

Whilst the schemes offered by Malta Enterprise are good for investment, there are times when these are not being effective enough, Chris Cardona said, continuing that the policy of PL will reflect the sentiments of entrepreneurs who cannot face beurocracy anymore. This is only resulting in useless expenses for the investors he said.

The PL spokesman said that a Labour Government will invest in research and innovation, added value manufacturing whilst ensuring that youths leave the academic institution well prepared for the world of employment. This will be further augmented by a sustained war on beurocracy with the aim of attracting foreign investment and increasing the local economy, Chris Cardona concluded.