Economic regeneration plan is calculated to stimulate the economy- MHRA

The Malta Hotels and Restaurants Association (MHRA) welcomed the economic regeneration plan announced by the Government yesterday.

In a statement MHRA President Tony Zahra said the plan shows that the Government was sensitive to the economic and social situation brought about by the coronavirus and that the plan announced by the Government, which the MHRA described as ‘impressive’ would serve to stimulate the tourism sector and the rest of the economy.

The MHRA also welcomed the measures on the postponement of the payment of the tax, the aid in the payment on the electricity bills and the reduction in the price fuel. It also welcomed the payment by the Government of a supplement to the wages of workers in the tourism sector, assistance in paying the rents and advertising of businesses.

Among other measures welcomed by the MHRA, was the award of € 100 in the form of vouchers to anyone over the age of 16 of which € 80 was to be used to in accommodation services, restaurants and bars while the other € 20 is to be spent in businesses that had closed downs due to pandemic restrictions.

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