The Malta Co-operative Federation welcomes the inclusion of measures announced in the 2014 Budget which are aimed at strengthening the co-operative sector in Malta. These include the necessary changes in the Central Co-operative Fund regulations, the reduction of the minimum number of members required to form a co-operative from five to three, as well as changes in the Co-operative legislation, and the commitment in favour of social co-operatives and enterprises. These changes are essential towards the necessary reform in a sector which contributes towards wealth generation, as well as social justice.
The Malta Co-operative Federation believes that these changes should proactively address fundamental aspects of equitable treatment of the Federations representing co-operatives.
The Malta Co-operative Federation looks forward to cooperating with government so that the measures listed in this budget are effectively implemented for the benefit of all co-operatives in the sector.