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News
GFSC welcomes new board member
The Gibraltar Financial Services Commission (GFSC) announced in January, the appointment of Peter Caetano to its board. Minister for Digital and Financial Services, Albert Isola, appointed Mr Caetano to succeed Kerry Blight whose term on the board ended in October, when Mr Blight was appointed as the CEO of the GFSC.
Mr Caetano, a Gibraltarian who spent the majority of his 35 year banking career abroad, returned to Gibraltar in 2014 to work at Lombard Odier. He has subsequently started his new role as
Managing Director and CEO of Logistable Limited, a GFSC licensed firm.
Mr Caetano commented: “I am
delighted to be joining the GFSC Board, and I look forward to fulfilling my role in the best interests of Gibraltar. I would like to thank Minister Isola for providing me with this fantastic opportunity.”
Chief Minister congratulates Spanish Prime Minister and Vice President
The Chief Minister, Fabian Picardo, in January sent a letter to Pedro Sanchez to congratulate him on being re-elected as Prime Minister of the Kingdom of Spain.
In his letter, Mr Picardo referred to the two men’s shared desire to look beyond ‘the eternal issue’ of sovereignty and he extends the hand of friendship on behalf of the people of Gibraltar.
Mr Picardo also offered his support for the promotion of ‘policies based on the principle of dialogue, understanding and
co-operation between our respective people’.
Simultaneously, the Chief Minister sent a letter to congratulate Pablo Iglesias, the leader of Podemos on becoming Vice President, and expressed his sincerest hopes for genuine dialogue that is respectful of the rights of the people of Gibraltar to determine their own future.
6 Gibraltar International
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Picture Credit: The Times
Major upgrade for Marina Bay
Work has begun on a £30 million major rebuild project at Gibraltar’s Marina Bay, that is expected to be completed by early 2021.
Marinetek, Finland, who won the competitive tender to rebuild the marina, signed the contract in November last year. The company will replace the marina’s Mediterranean mooring system, which was originally installed in the 1980s, with new Marinetek pontoon berths. The rebuild will increase the number of berths from 252
to 300, including a significant number of 15-18m (49-59ft) and 12 superyacht berths.
The project is being funded through the new Marina Club 144 high-end waterfront rental apartments, with rooftop spas and green areas, which are all linked by walkways.
Government EU Withdrawal Bill
In mid January HM Government of Gibraltar published the European Union (Withdrawal Agreement) Bill for Gibraltar.
This followed the third reading of the United Kingdom Bill in the House of Commons and its adoption by a large majority, before it moved on to the House of Lords.
The EU Withdrawal Agreement Bill provides the mechanism to give effect in Gibraltar to the Withdrawal Agreement.
The Bill was presented to the Gibraltar Parliament by the Deputy Chief Minister, Joseph Garcia, who is the Minister with responsibility for Brexit work related to the departure from the European Union.