• Threat Level to Remain at Moderate
  • Threat Level to Remain at Moderate

    In response to last night’s incident in Algeciras, the Gibraltar Contingency Council (GCC) met this morning, 26th January, to review security matters. The meeting was co-chaired by his Excellency the Governor and the Chief Minister.

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Mar 28 - GSD Voices Concern over IOSCO Non-Compliance

gsdOpposition spokesman for Justice, Home Affairs and Financial Services, Selwyn Figueras, is today seeking clarification and assurances from the Government to allay finance industry concerns stemming from Gibraltar's apparent failure to meet its obligations under the International Organisation of Securities Commissions (‘IOSCO’), namely compliance with the Multilateral Memorandum of Understanding (‘MMoU’).

“Established in 2002, the MMoU provides a global framework for enforcement co-operation between securities regulators, thereby helping to ensure effective regulation and to preserve the strength of securities markets. Signatories represent approximately 95% of global securities markets, and the IOSCO MMoU is the leading instrument for multi-lateral co-operation in the enforcement of securities regulation. “

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Mar 28 - GSD Continues to Probe Government for Inconvenient Answer

gsdThe Leader of the Opposition, Daniel Feetham, yesterday assured the Chief Minister that no one in the GSD is angry at either him or the Government. “What we are” said Mr. Feetham “is concerned, along with many others members of the community, that Mr. Picardo seems determined not to provide information he finds inconvenient”. 

The GSD insists that they have seen this in relation to the refusal by the Government to state who invited the Chief Minister and Dr Cortes together with their spouses to the Washington Presidential inauguration events, which reportedly cost up to US$100,000 and what (if any) arrangements the Government has in place with that person or company.  At the end of the day the Opposition is entitled to scrutinise any such arrangements including whether they provide the taxpayer with value for money or whether they are susceptible to scrutiny in other ways.  Most people in Gibraltar have been astonished that the Government has refused to answer what have been very simple questions from the Opposition.

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Mar 28 - Government Prepares Tender for Permanent Power Solution

governmentWith regards to the Government’s permanent solution to Gibraltar’s power supply demands, the Inter Ministerial Committee on Power Generation, which is chaired by the Chief Minister, has concluded its consideration of the options available to Gibraltar for a new power station.

The Committee has considered all fuel options for electricity generation and all possible locations. The Government has carried out studies on pollution and emissions from different fuel and engine types.

Tenders for the development of the new Power station are expected to finalised and issued within the next six to eight weeks.

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