A total of 26 companies have sought government assistance to help them overcome the international recession and Malta Enterprise has so far issued letters of intent confirming assistance to six companies, Finance Minister Tonio Fenech said.

These six companies have committed themselves to invest a total of €13 million and employ more than 200 workers between November 2009 and December 2010. They already employ more than 1,800 full timers.

Giving information in Parliament, Mr Fenech said plans submitted by five companies are being evaluated by ME and eight companies are preparing their documentation or still have to decide whether or not to submit their plans. Seven companies were not eligible for assistance under the agreed parameters.

ASSISTANCE TO NEW FIRMS

Mr Fenech said that between January and June, Malta Enterprise also approved assistance to 12 new enterprises that will create 303 jobs. They are in the ICT, aviation, engineering, printing and medical devices sectors.

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