Daniel Debono, EU Affairs Manager and Head of Brussels Operations at the Malta Business Bureau (MBB), emphasizes the importance of managing the digital transition during the next EU term. The MBB, associated with The Malta Chamber and the Malta Hotels and Restaurants Association, partners with the Enterprise Europe Network to support businesses in adapting to the evolving digital landscape.
In recent years, the EU has introduced significant legislation to shape the digital economy, including the Digital Markets Act, Digital Services Act, Data Act, and Artificial Intelligence Act. These regulations aim to provide fair treatment, accountability, and transparency in the digital sphere, ensuring businesses and society benefit from technological advancements.
The European Commission's Web 4.0 strategy marks a proactive step towards embracing virtual worlds, industrial metaverse, quantum technologies, and advanced semiconductor technologies. These innovations promise to revolutionize the business landscape, create jobs, and improve daily life. However, they also present challenges such as digital skills gaps and ethical concerns.
Debono highlights the need for timely, future-proof legislation that fosters innovation while addressing cybersecurity and ethical issues. He advocates for the use of regulatory sandboxes, promoting a controlled environment for testing new technologies.
To maintain EU competitiveness, it's crucial to support European quantum programs and strengthen digital skills. This will require ongoing public awareness, education, and training to ensure a digitally literate workforce ready to navigate the technological future. Contact EU Helpers to establish your business in Malta and leverage these digital advancements.