Minding Gibraltar’S Business Intouch 1 CONTENTS

Total Page:16

File Type:pdf, Size:1020Kb

Minding Gibraltar’S Business Intouch 1 CONTENTS Issue 22 - Winter 2013 iMindingntouch Gibraltar’s Business Interview with the Minister for Financial Services Frontier Issues Centre of Digital Innovation & Incubation Small Business Saturdays Developing Local Media Health & Safety Seminar www.gfsb.gi Minding Gibraltar’s Business intouch 1 CONTENTS Issue 22 - Winter 2013 iMindingntouch Gibraltar’s Business Contents InTouch | Issue 22 | Winter 2013 GFSB Editor’s Notes 05 Meet the Board 06 Chairman’s Notes 07 GFSB’s Chair Gemma Vasquez interviews the Minister for www.gfsb.gi 08 Minding Gibraltar’s Business intouch 1 Financial Services, Albert Isola Zen and the art of Gibraltar frontier queuing 12 Federation of Small Businesses The UK’s Leading Business Organisation Frontier issues 14 Cross-border group signs ‘historical declaration’ against 15 frontier problems Developing Gibraltar’s first centre of Digital Innovation 16 & Incubation GFSB launches Small Business Saturdays 18 Glocon - wearable technology of the future 20 New to Gibraltar - Aphrodite Beauty Academy 22 intouch Greenarc goes green! 24 Editorial Director Medport Shipping - Making a name for themselves 26 Julian Byrne Content is King- Truth or Myth? 28 Designed by Piranha Designs Gibraltar An Effective Workplace 30 www.piranhadesigns.com Developing local media 32 Published by Economic benefits from filming locations and tourism 34 The GFSB Health & Safety seminar highlights need for risk assessments 36 122 Irish Town Gibraltar Calentita: GFSB Rockchef stall 38 Tel: +350 200 47722 Fax: +350 200 47733 Email: [email protected] www.gfsb.gi Disclaimer No part of this publication may be reproduced without the wirtten permission of the publishers. The Publishers and the Editor have made every effort to ensure that all of the information within this publication is accurate, but emphasise that they cannot accept responsibility for any errors or omissions. The Publishers and the Editor accept no responsibility for statements made by contributors or for any claim made through advertisements published in this magazine. Minding Gibraltar’s Business intouch 3 EDITOR’S NOTES The portfolio of responsibilities have been allocated by the Board as follows: editor’s Chairman Gemma Vasquez Vice-Chairman Craig Sacarello notes Business & Commerce Alfredo Vasquez Dear Readers, We are working behind the scenes us know your thoughts and struggles. Treasurer Alfredo Vasquez to do everything we can to address Our goal is to make Gibraltar a great Employment Gemma Vasquez (Conditions of Employment Board, Labour 2013 has been an interesting year. the situation, and in order to do so we place for small businesses and we Advisory Board, Small Business Board) Ian Torrilla (Employment & Training Board, Small Business really need to know how the border need to know the issues the business Board) A lot of changes and new challenges problems are affecting you. Please let community is facing. have arisen for local businesses. us know the issues that affect your Environment Tony Lopez Some businesses are thriving and business and life. Please let us know what you would Legal Gemma Vasquez others are having to adapt to different like to see in future editions. demands. In February we will have the annual Business start-ups/EU Funding Ian Torrilla / Alfredo Vasquez (JLAG, EU Funding Board, Small Grants Board) visit of the European Small Business Thanks for reading and supporting Information & Technology Ian Torrilla (E-business Advisory Council) This issue we have an interview with Alliance (ESBA) which will be both the GFSB. Education & Training Tony Lopez the Minister of Finance, Albert Isola interesting to hear what is going on and find out how he can help local in Europe and also an opportunity to Wishing you success, Membership Secretary/ Members Benefits Michael Borge business and Gibraltar’s economy at share some of our concerns. Trade Licensing Gemma Vasquez / Craig Sacarello large. We remind you to attend our breakfast Banking Michael Borge We have some interesting articles on clubs and training courses which are Health & Safety Tony Lopez (Health & Safety Board) the big issue that is in everybody’s a great success. If you haven’t done minds, and that is the frontier situation. so already please join our LinkedIN Tourism Julian Byrne (Tourism Advisory Council) Julian Byrne With long queues almost every day, group. Wholesale & Retail Craig Sacarello problems importing products and Editor International Gemma Vasquez (ESBA Board) growing friction, this is a topic that The group is for our members to affects all our lives. discuss matters and highlight relevant In Touch Julian Byrne issues to the Board so that we can take Design & Branding Julian Byrne it up from there. It is a great way to let 4 intouch Minding Gibraltar’s Business Minding Gibraltar’s Business intouch 5 CHAIRPERSON’S NOTES chairperson’s Gemma Vasquez Craig Sacarello Alfredo Vasquez Chairperson Vice-Chairman Treasurer board foreword Michael Borge Julian Byrne Ian Torrilla Secretary Editor Dear Members, With the European Small Business is, however, equally no doubt, that Alliance board meetings occurring we have to be inventive and think With the frontier situation dominating here in February, it presents us with progressively if we are to face these our news daily there is little doubt that an excellent opportunity to bring difficult times with a smile upon our in the long term, retailers in Gibraltar the problems we are facing at a faces. face challenging times. European border to the table. Having a European association lobby for The call has to be to make Gibraltar meet the A focused effort has to be made to Gibraltar within the EU can only be more business friendly. We need to Tony Lopez Lianne Azzopardi try to alleviate the situation at the a positive step forward. The GFSB make it easier for business to flourish border. The message has to be a is committed to trying to assist the and occur in Gibraltar. We need to non-political message, whereby the situation and highlight the difficulties make certain that the view of Gibraltar economic effect on Gibraltar and, which businesses are facing, be world-wide is that we are always open more pertinently, on the surrounding it as a cross border level (due to for business. area, are highlighted. The endgame difficult spot-checks being carried must be to make the border more user out on merchandise) or at a more As ever, friendly, whilst maintaining our right human level (the difficulties faced by Don’t gamble with risk to defend our status. A useful point employees crossing the border daily). to focus attention on is the European Deal with it Union. The press announcement The government is to be applauded made by the European Union does for supporting GFSB initiatives such as Risk is inherent to business - without it there’d be no reward. But dealing with it effectively means taking action to make not treat the situation at our border Small Business Saturdays; however, your business risk-resilient. Which, to us, means building sympathetically enough. The reality there is an urgent need to find new strength and value into your business so that when the faced by every user of the frontier sectors into which Gibraltar can safely unexpected does happen, and at some time it surely will, is most un-European. This needs to expand in order to continue to create you’ll be better prepared to weather the storm and come out fighting. Risk management and value creation are key services be highlighted in a manner which is wealth and employment. The private recognised by the European Union. sector needs to assist here - without we provide to our clients. It’s called stacking the odds in our Gemma Vasquez favour. Effective, non-political, lobbying is a shadow of doubt; however strong Chairperson necessary. leadership is also required. There is For more information, call Joseph L Caruana or Stephen J Reyes on: Tel: +350 200 41200, no doubt that we are faring as well as Gibraltar Federation of Small Fax: +350 200 41201, [email protected] we can in a difficult situation. There Businesses www.deloitte.gi Merchant House, 22/24 John Mackintosh Square, P.O. Box 758, Gibraltar © 2013 Deloitte Limited. A member of Deloitte Touche Tohmatsu Limited 6 intouch Minding Gibraltar’s Business Minding Gibraltar’s Business intouch 7 I believe the huge success of Gibraltar Day to Spaniards and Spanish business, but in London and the increased interest in our unfortunately it’s not the same the other GFSB’s Chair Gemma services demonstrates that we are getting way round. Internationally the situation is a our message across, but of course more little different because in the sectors that I needs to be done. look after people don’t like noise, they just Vasquez interviews the want to get on with their business. I think GV: Now what jurisdictions in particular that is the same all over the world. They just would you be aiming for? Is it purely want to carry on doing what they’re good Minister for Financial England, London, or would you be at. Gibraltar is a service jurisdiction and focusing on numerous jurisdictions? what we do is provide excellent service to clients from all over the world. I think the AI: I think we need to look at marketing Spanish Government have been surprised Services, Albert Isola our jurisdiction in specific areas, but raising by two things, firstly the response of the the good profile of Gibraltar internationally. international press and the way that they GV: Thanks for agreeing to meet today: I in London. I think having a senior executive It’s not so much a marketing campaign haven’t supported their initiatives, and would like start by asking you how you in London which is one of the main areas as it is a raising of the profile.
Recommended publications
  • THE CHIEF MINISTER's BUDGET ADDRESS 2017 Her Majesty's
    Chief Minister’s Budget Address 2017 THE CHIEF MINISTER’S BUDGET ADDRESS 2017 Her Majesty’s Government of Gibraltar 6 Convent Place Gibraltar Mr Speaker I have the honour to move that the Bill now be read a second time. 2. INTRODUCTION 3. Mr Speaker, this is my sixth budget address as Chief Minister. 4. It is in fact my second budget address since our re-election to Government in November 2015 with a huge vote of confidence from our people, and I now have the honour to present the Government’s revenue and expenditure estimates for the financial year ending 31 st March 2018. 5. During the course of this address, I will also report to the House on the Government’s revenue and expenditure out-turn for the financial year ended 31 st March 2017, which was the fifth full year of a Socialist Liberal Administration since we took office on a warm autumn day in December 2011. 6. Mr Speaker, as has been traditional now for almost thirty years since the first GSLP Chief Minister delivered the first GSLP Budget in 1988, my address will of course be NOT JUST my report to the House on the Public Finances of our nation and the state of the economy generally, but also a Parliamentary ‘State of the Nation’ review of the economic and political future facing Gibraltar. 7. There could be no better way, Mr Speaker for the GSLP to celebrate its fortieth anniversary than with the honour of a second GSLP Chief Minister delivering a Socialist Budget for Gibraltar.
    [Show full text]
  • Tuesday 11Th June 2019
    P R O C E E D I N G S O F T H E G I B R A L T A R P A R L I A M E N T AFTERNOON SESSION: 3.04 p.m. – 5.45 p.m. Gibraltar, Tuesday, 11th June 2019 Contents Appropriation Bill 2019 – For Second Reading – Debate continued ........................................ 2 The House adjourned at 5.45 p.m. .......................................................................................... 39 _______________________________________________________________________________ Published by © The Gibraltar Parliament, 2019 GIBRALTAR PARLIAMENT, TUESDAY, 11th JUNE 2019 The Gibraltar Parliament The Parliament met at 3.04 p.m. [MR SPEAKER: Hon. A J Canepa CMG GMH OBE in the Chair] [CLERK TO THE PARLIAMENT: P E Martinez Esq in attendance] Appropriation Bill 2019 – For Second Reading – Debate continued Mr Speaker: The Hon. Trevor Hammond. Hon. T N Hammond: Mr Speaker, I am delighted to have another opportunity to deliver a 5 Budget speech, my first in an election year. I would like to begin with the environment. This year saw this House pass unanimously a motion recognising that our planet faces a climate emergency. While there are still many people who would deny this fact, it is true to say that none sit in this House. I congratulate the Minister for showing leadership in bringing the motion and Government as a whole for seeing the 10 wisdom of accepting a minor amendment which would allow its unanimous passage. There is no doubt that all of us seated here understand the urgency of the global crisis being faced and appreciate the need for urgency and continued unanimity in mapping out our community’s future.
    [Show full text]
  • Investment Manager of the Applicant
    GIBRALTFebA/March/RApril 2015 I NTER NATIONAL F I N A N C E n I N V E S T M E N T n B U S I N E S S Listing on GSX, Gibraltar’s new stock exchange www.gibraltarinternational.com Sponsors Gibraltar International Magazine is grateful for the support of the finance industry and allied services (with the encouragement of the Finance Council) in the form of committed sponsorship. We would like to thank the following sponsors: GIBRALTAR FINANCE Tel: + (350) 200 50011 • [email protected] www.gibraltarfinance.gi DELOITTE QUEST INSURANCE MANAGEMENT LTD. Tel: + (350) 200 41200 • [email protected] Tel: + (350) 200 74570 • [email protected] www.deloitte.gi www.quest.gi EUROPA TRUST COMPANY LIMITED ISOLAS / FIDUCIARY GROUP Tel: + (350) 200 79013 • [email protected] Tel: + (350) 2000 1892 • [email protected] www.europa.gi Tel: + (350) 200 76651 • [email protected] www.gibraltarlawyers.com HASSANS www.fiduciarygroup.com Tel: + (350) 200 79000 • [email protected] www.gibraltarlaw.com GIBTELECOM Tel: + (350) 200 52200 • [email protected] GRANT THORNTON www.gibtele.com Tel: + (350) 200 45502 • [email protected] www.grantthornton.gi KPMG Tel: + (350) 200 48600 • [email protected] EY LIMITED www.kpmg.gi Tel: + (350) 200 13200 • [email protected] www.ey.com/gi SAPPHIRE NETWORKS Tel: + (350) 200 47200 • [email protected] PIRANHA DESIGNS www.sapphire.gi Tel: + (350) 200 45599 • [email protected] www.pdg.gi TRIAY & TRIAY / T&T MANAGEMENT GIBRALTAR INSURANCE ASSOCIATION (GIA) SERVICES LTD Tel: + (350) 58452000 • [email protected] Tel: + (350) 200 72020 • [email protected] www.gia.gi
    [Show full text]
  • Ÿþm Icrosoft W
    HM GOVERNMENT OF GIBRALTAR PRESS OFFICE No.6 Convent Place Gibraltar Tel:20070071; Fax: 20043057 PRESS RELEASE No: 434/2012 Date: 9th July 2012 Attached is the full text of the Chief Minister’s Budget Speech at the House of Parliament on Monday 9 th July 2012. MONDAY 9 TH JULY 2012 Chief Minister’s Budget Speech 2012 Introduction Mr Speaker, this is my first budget address as Chief Minister and I have the honour to present the Government’s revenue and expenditure estimates for the year ending 31 st March 2013. Mr Speaker, this debate has traditionally also been about more than just numbers; this is a State of the Nation debate. I will therefore also report to this House on the state of the economy and public finances and on the specific budget measures and some of the projects that the Government will introduce, in pursuance of our manifesto commitments. Mr Speaker, having been in Opposition for 16 years, it is my pleasure to deliver for a Socialist Liberal Government, a budget to support working families and the disabled; a budget to support our youth and our senior citizens. A budget, Mr Speaker, to encourage business and enhance our public services. In short, Mr Speaker, this is a budget to deliver social justice and to improve the quality of life of all our citizens whilst making Gibraltar a great place to do business with the world. And that Mr Speaker, against a backdrop of continued economic turmoil in Europe. Mr Speaker no one in our community can have failed to appreciate the social problems that Europe’s economic woes are visiting upon ordinary citizens in economies more mature and diversified than our own.
    [Show full text]
  • Queensland Flag -AUSTRALIA
    MALTESE NEWSLETTER 43 MAY 2014 CONSULATE OF MALTA IN SOUTH AUSTRALIA NEWSLETTER MAY 2014 FRANK L SCICLUNA - LINKING MALTA AND AUSTRALIA EMAIL: [email protected] Website: www.ozmalta.page4.me Queensland flag -AUSTRALIA History of the State of Queensland flag The state flag was first introduced in 1876 when Queensland was a self-governing British colony with its own navy. In 1865, the Governor of Queensland was informed by the Admiralty in London that the colony's vessels of war should fly the Blue Ensign (British flag), with the colony's badge on the stern, and a blue pennant at the masthead. Other vessels in the colony's service were to fly the same flag, but not the pennant. At that time, Queensland did not have a badge https://www.qld.gov.au/about/how-government- works/flags-emblems-icons/state-badge/ . This prompted the submission to London of a proposed badge design. In 1875, the Governor received drawings of the badges of several colonies from London, which the Admiralty proposed to include in the Admiralty Flag Book. The Governor was asked to certify that the badge shown for the colony of Queensland was correct. The badge was composed of a representation of Queen Victoria's head, facing right, on a blue background and encircled by a white band, with the . word Queensland at the top. The Queensland Government believed it would be too difficult to adequately reproduce the head of the Queen on a flag. An alternative design, a Royal Crown superimposed on a Maltese Cross, was then submitted to London.
    [Show full text]
  • Press Release
    PRESS RELEASE No: 591/2016 Date: 20th October 2016 Chief Minister reshuffles the Cabinet The Chief Minister Fabian Picardo, in consultation with the Deputy Chief Minister Dr Joseph Garcia, has today carried out a ministerial reallocation of responsibilities. The GSLP/Liberal Government was first elected in December 2011. There was a Cabinet reshuffle on 9 December 2014 on the third anniversary date of that election. Following last general election of 26 November 2015, there were a number of changes made to some Ministerial portfolios affecting mainly the Chief Minister and the Deputy Chief Minister. It was made clear at that time that a more extensive reshuffle would follow in 2016. This is therefore the second Cabinet reshuffle since December 2011 and the first major one since the general election of 26 November 2015. Summary of new portfolios 1. The Deputy Chief Minister Hon Dr Joseph Garcia The Deputy Chief Minister becomes the Minister for Brexit as well as Europe, given the ever increasing volume of work in this area. 2. The Minister for the Environment, Energy, Climate Change and Education - Hon Dr John Cortes The Hon Dr John Cortes takes on responsibility for Education, Heritage, Urban Renewal and the maintenance, administration and operation of tourist sites and beaches. 3. The Minister for Tourism, Employment, Commercial Aviation and The Port – Hon Gilbert Licudi The Hon Gilbert Licudi takes on responsibility for Tourism, Commercial Aviation, the Port, Maritime Services and Employment. HM Government of Gibraltar • 6 Convent Place • Gibraltar GX11 1AA t +350 20070071 f +350 20076396 e [email protected] w gibraltar.gov.gi 4.
    [Show full text]
  • The Chief Minister's Budget Address 2018
    THE CHIEF MINISTER’S BUDGET ADDRESS 2018 Her Majesty’s Government of Gibraltar 6 Convent Place Gibraltar Mr Speaker, I have the honour to move that the Bill now be read a second time. Introduction 1. Mr Speaker, this is my fifteenth budget address as a Member of this Parliament. 2. It is my seventh budget address as Chief Minister. 3. And in delivering it, Mr Speaker, I am already facing my fourth leader of the Opposition! 4. Mr Speaker, as part of my address on this second reading of the Appropriation Bill, I have the honour to present the estimates of Government’s revenue and expenditure for the year ending 31st March 2019. 5. I also have the honour to present the out-turn for Government’s revenue and expenditure for the year ended 31st March 2018, which 2 was the sixth full financial year of a Socialist Liberal Government since we took office in December 2011. 6. Mr Speaker, this address comes twenty four months after the decision of the British people in referendum to leave the European Union. 7. In that respect, Mr Speaker, and given that it is now increasingly likely that the United Kingdom will leave the European Union on the 29th of March next year, this is, sadly, the last Budget Address that will ever be delivered in this House by a Chief Minister whilst we are members of the EU. 8. And in the context of that international political backdrop, Mr Speaker, as is now traditional, my budget address to this House is very much a ‘State of the Nation Address’ and I will also report to the House on the state of our Public Finances as well as on our nation’s economic outlook.
    [Show full text]
  • MONDAY 24Th JUNE 2013 CHIEF
    MONDAY 24th JUNE 2013 CHIEF MINISTER’S BUDGET ADDRESS 2013 Mr Speaker, This is my tenth budget session as a member of this Parliament and second budget address as Chief Minister and I now have the honour to present the Government’s revenue and expenditure estimates for the year ending 31st March 2014. Mr Speaker, this debate on the second reading of the Appropriation Bill has traditionally also been not just about economics, it is also a State of the Nation address touching areas beyond the numbers in the schedule to the Bill. I will nonetheless also of course report to this House on the state of the economy and public finances and on the revenue and expenditure out-turn for the previous financial year, which was the first full financial year under the Socialist Liberal Government. Mr Speaker, I will end my address to the House by outlining some of the more specific budget measures that the Government will introduce this year, in pursuance of manifesto commitments and new measures designed to address the social and business needs of the Community. Mr Speaker, this debate on the second reading will be historic in many ways. The substance of the economic points I will make will be, of course, the highlights of this debate. But one historic innovation today is the fact that the debate is being transmitted not just in audio, but also in video. Today, I believe, these proceedings are finally being broadcast on Parliament’s own website, on television by the public broadcaster and on the websites of such other national media outlets as may request it.
    [Show full text]
  • Maltese Farmer Selling Goats' Milk the Chicken Hawker
    MALTESE E-NEWSLETTER – JANUARY 2014 ________________________________________________________________________________________ 27 CONSULATE OF MALTA IN SOUTH AUSTRALIA NEWSLETTER JANUARY 2014 FRANK L SCICLUNA - LINKING MALTA AND AUSTRALIA EMAIL: [email protected] Website: www.ozmalta.page4.me MALTESE FARMER SELLING GOATS’ MILK THE CHICKEN HAWKER From paintings of Chev. Edward Caruana Dingli (1876-1950) Chev.Edward Caruana Dingli was born in Valletta, Malta of a family of artists in 1876. In 1898, he was commissioned in the Royal Malta Artillery. He studied art under the celebrated Guze Cali (1846-1930) and at theBritish Academy in Rome, Italy. He excelled himself as a painter of Maltese landscape and folklore. Edward Caruana Dingli is the twentieth century painter many Maltese are likeliest to know by name and by fame, and some of his works have long attained iconic status. So highly regarded was he in his own lifetime that in the 1920s he was utilized by the officials responsible for the marketing of the fledgling tourist industry, and in fact the colourful images of Malta and of Maltese people he produced created what contemporary managers would call “branding” for Malta. 1 MALTESE E-NEWSLETTER – JANUARY 2014 ________________________________________________________________________________________ WE FULLY AGREE WITH THE ESTABLISHMENT OF A MALTESE CULTURAL INSTITUE Many Maltese are now resident in foreign countries, resulting in an urgent need for the promotion of Maltese culture in these countries. It is a fact that there is the potential of Maltese communities abroad to contribute positively to Maltese culture and the do our utmost to facilitate and encourage their active participation. This is one of the aims of this e-newsletter.
    [Show full text]
  • Particular Directions Under Section 46
    PARTICULAR DIRECTIONS UNDER SECTION 46 LN. 2019/206 Commencement 22.10.2019 Made under section 46(1) of the Gibraltar Constitution Order 2006 In exercise of the powers conferred on him by section 46(1) of the Constitution and of all other enabling powers, and acting in accordance with the advice of the Chief Minister, the Governor has charged the Ministers specified in the Schedule hereto with responsibility for the business of the Government specified in relation to those Ministers. MINISTER BUSINESS Chief Minister: The Economy The Hon Fabian Picardo Public Finance and the Treasury International representation of Gibraltar and its people International Treaties The child-friendly city Personal status including immigration, residence & adoption Taxation including Coordination of International Exchange of Information Elections Industrial Relations The Civil Service and the public sector as a whole, including state-owned enterprises Customs Matters related to Armed Forces Veterans and relationship with the MOD Chairman, inter-ministerial committee on the prevention of drugs misuse, including substance abuse and rehabilitation Chairman, Borders and Coastguard Agency Chairman, Gibraltar Development Corporation Chairman, Gibtelecom The administration of Government departments charged with the aforesaid, overall responsibility and supervision of Government departments and public administration. 1 Deputy Chief Minister: Working in close partnership with the Chief The Hon Dr Joseph Garcia Minister in his exercise of overall responsibility for
    [Show full text]
  • Second Supplement to the Gibraltar Gazette
    SECOND SUPPLEMENT TO THE GIBRALTAR GAZETTE No. 4755 GIBRALTAR Tuesday 25th August 2020 LEGAL NOTICE NO. 294 OF 2020 THE CONSTITUTION OF GIBRALTAR PARTICULAR DIRECTIONS UNDER SECTION 46 In exercise of the powers conferred on him by section 46(1) of the Constitution and of all other enabling powers, and acting in accordance with the advice of the Chief Minister, the Governor has charged the Ministers specified in the Schedule hereto with responsibility for the business of the Government specified in relation to those Ministers. The Directions under section 46(1) of the Constitution of 22nd October 2019 are amended accordingly. MINISTER BUSINESS Minister for the Environment, • Education Sustainability, Climate Change and • The University of Gibraltar Education: • Green Gibraltar The Hon Prof John Cortes • The Environment • Climate change, conservation and sustainability • Upper Rock • Marine resources • Maintenance, administration and operation of tourist sites and beaches • Pollution prevention and control • Public health • Environmental health • Urban Renewal • Refuse collection and disposal • Heritage • Culture • The administration of Government departments charged with the aforesaid. Minister for Digital, Financial Services • Financial Services and Public Utilities: • Gaming The Hon Albert Isola • Broadcasting and Digital Services • IT, e-Government and e-commerce • Cyber-Security • Data protection • Town Planning • Public Utilities • The administration of Government departments charged with the aforesaid. Gibraltar Gazette No. 4755,
    [Show full text]
  • No: 555/2021 Date: 22Nd July 2021 the HON ALBERT ISOLA MP
    No: 555/2021 Date: 22nd July 2021 THE HON ALBERT ISOLA MP - BUDGET SPEECH BUDGET SPEECH 2021 Mr Speaker, I believe it is absolutely remarkable, that after these last two years of horror, I should be standing here telling you how well and resilient the businesses in my areas of responsibility are doing. Brexit was without question the biggest chal- lenge to our Gaming and Financial Services firms – that was until Covid 19 came along. Yet, quite incredibly, both of these sectors have adjusted, planned and executed their structural changes, and got on with what they do best – running their businesses. Travel Insurance firms and Bureaux were the most impacted by the pandemic. Today, despite all the European business having been lost by our Gaming firms, we still have some 3400 jobs in this sector and growing. I am pleased to report that we have new applications en route and our firms continue to employ here which is most welcome. In Financial Services, having lost the European Passporting rights, we secured passporting rights to the United King- dom – the only piece of land in the entire world to have achieved this. Not bad for a “bad” Brexit deal. As a consequence of this excellent work delivered by the UK’s confidence and trust in our regulatory and legal sys- tems, and the quite extraordinary skills of our Brexit negotiating teams led by my friends the Chief Minister and the Deputy Chief Minister, I can report that in the last half of 2020 the GFSC had the highest number of applications in its history, and the numbers of Cat 2’s and HEPSS in Q1 of 2021 are also at record levels.
    [Show full text]