two tubes of toothpaste

What all accountants know and love about Gibraltar. A place where financial mathematics takes a running jump at reality.

http://www.panorama.gi/localnews/hea...e&article=8533

Murky.

Fredbargate

Bassadone takes over half of Govt-built carpark

NEWS ?????

15-03-12

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More about Bassadone

TGS celebrates 10th Anniversary

Message from Toyota

Dear Customers,

When Toyota Gibraltar Stockholdings was first established in 1996, we at Toyota were sure that TGS was the ideal partner to assist us in the supply of vehicles and spare parts to the United Nations and the international humanitarian aid community.

Supplying key organisations like the UN and the International Red Cross (among many others) at times of emergency and of crisis is a challenging and worthwhile endeavour. It is a task which requires the utmost professionalism and attention to detail. Vehicles must be prepared for immediate deployment, whilst shipping and logistical challenges must be overcome in order to provide customers with the level of service they not only expect but also demand.

We are therefore very pleased to be able to endorse TGS and reflect happily on the decision made by Toyota over a dozen years ago to appoint TGS as the official supplier of ex-stock Toyota vehicles and spare parts to the Aid and Humanitarian agencies working in rapid relief, emergency and development projects worldwide.

We hope that you will be able to utilise the TGS website to bring you right up to date with the vehicles and accessories available for immediate preparation and direct shipment from Gibraltar to your project in the developing world.
Other messages from TMC


Mr Takashi Sakai
General Manager
Africa Division
Toyota Motor Corporation


Mr Tadashi Arashima
President and CEO
Toyota Motor Europe

If you see Toyota vehicles in humanitarian situations on the news then they were built/modified in Gibraltar i.e. medical trucks, canteens, radio trucks etc.

Fredbargate

Newer news

GDP PER CAPITA

Mr Speaker, last year I told that House that the Statistics Office had reported GDP per capita had risen to an average £41,138 – or US$64,478. By the per capita rankings of the International Monetary Fund, Gibraltar then ranked fifth in the world ranking of GDP per capita up from nineth place in 2011/12.

And, indeed, Mr Speaker, Gibraltar actually now still ranks in the Top-5 worldwide in terms of GDP per capita.

In fact, I am very proud to be able to report to the House today, Mr Speaker, I am very proud to be able to report to all our citizens, to all our residents, to all those who come in daily to work in our economy, that our GDP per capita is estimated by the Government’s Statistics Office to now be US$75,117 which translates into THIRD


Not bad for country that is under an economic blockade by it's fascist nieghbour.

Maybe1day

A bit like Libya really when Ghadaffi was in power, High GDP per capita but the majority of the population lived close to the poverty line. Certainly the Spanish coming to work daily in Gib are closer to the poor than the $75K GDP pa figures quoted.

Fredbargate

The Spanish that come daily to work in Gibraltar do so because Gibraltar offers them more than their own country does, how can you make that a negative?

jimenato

You think the majority of the population of Gibraltar live close to the poverty line?

Fredbargate

Did you know that the Spanish doctor who commutes daily on her motorcycle from Tarifa to Gib is on a substantially different pay deal to the Spanish doctor who lives in a flat in Gib

I wonder if the Moroccans in Spain are treated equally to the Spanish ???

Fredbargate

British Ambassador to Madrid summoned
Date: 18 July 2014 at 01:50

It has emerged that Spain has summoned the British Ambassador to Madrid, Simon Manley, in protest at the summoning of Federico Trillo.

According to the “El Mundo” newspaper, the Spanish Foreign Ministry intends to issue a public statement following the meeting with Mr Manley which is expected to take place on Friday afternoon. El Mundo quotes diplomatic sources as saying that the Spanish Government will transmit to the British Ambassador Spain’s displeasure in this matter.

For his part, the mayor of Algeciras, Jose Ignacio Landaluce, has described the summoning of the Spanish Ambassador as over the top, illogical and irresponsible.

GBC | Gibraltar Broadcasting Corporation

Also

El embajador británico sobre Gibraltar: 'La posición del Reino Unido es muy clara' | España | EL MUNDO

Fredbargate

At 15:10 today the frontier queue was estimated at approximately FIVE AND A HALF HOURS.

I pity the poor Spaniards who have to go home this evening.

Maybe1day

By no means but the GDP per capita means very little given the oft quoted lopsided situation in GIB. GDP on it's own is fine. There are several millionaire Island owners in Italy. I daresay the GDP per capita of these islands is much higher although obviously not quoted.

Maybe1day

Of course it is not negative, It was just that to my mind GDP per capita has little sense in the case of GIB. And the Spanish workers are not residents of GIB so I would not think that they are counted in the calc. Correct me if I am wrong but the benefits of high GDP per capita are not spread to the populace in terms of medical care, education, housing etc., with a GDP per capita like this everything should be free and the best in the world. (sorry 3rd best). How many of the Spanish workers have their children in the GIB schools for example, How many get public housing, none? What benefits do they get from the high GDP, I notice the property prices are very high in GIB like 750K for a flat. Not exactly affordable for a "Worker".

Fredbargate

Frontier workers are entitled to medical care in Gibraltar. I am aware of one ( admittedly a Brit ) who has long term kidney problems that were first treated in Manchester.
Apart from regular medical treatment in Gib he is flown to Manchester each year all expenses paid for a consultation with his original surgeon.

The Spanish workers have their Social Security payments transferred to Spain where they are entitled to education, medicine, pension etc. due to these payments, including much more generous unemployment benefits than anyone in Gib receives should the situation arise.
Should they care to live in Gib as some do then they are entitled to the same benefits as any other citizen.

What entitlements do any other frontier workers receive?

Remember also that the Spanish Government refuses to talk to the Gib Government on any subject whatsoever. This of course does not help the Spanish workers at all. To the best of my knowledge their is no dual tax agreement, this would require dialogue.

Many people in Gib live in Government accommodation ( Council flats ) including the Chief Ministers mother, a flat I believe the chief minister was bought up in.

A quick check this morning reveals a studio flat for sale at £50,000
1 bedroom £118,000
2 Bedroom £133.500
Also they do go up to £10,900,000 for a 7 bedroom villa, much less than the £120,000,000 in London

Maybe1day

OK Fred I stand corrected, However Last year when I came on a fag run and fish n chip addiction correction I saw just flats over the 500K mark. SH·$ I might come and join you. As for frontier workers, Italians that pop into Ticino each day receive less than the unemployment benefit in CH for swiss workers. The pay is around 40% of the normal swiss wage, and that is why they are welcomed in far greater numbers than those from La Linea. Further as they are still residents in Italy they receive free medical cover in Italy not in CH.
A Nice deal for CH all round, except that the local swiss especially the young are up in arms because the Italians are nicking their jobs.
M

Fredbargate

There is no real problem with frontier workers nicking jobs from Gib residents, we have more than enough work for all.
If Spain was not economically blocking the frontier there would be even more work which of course spills over into Spain itself as they would be supplying the infrastructure and workers,a case of cutting off the nose to spite the face.
Gibraltar has a small unemployment problem but this is generally those that don't want to work similar to what you get everywhere.

Gibraltar has a minimum wage and also minimums for various trades as negotiated by the unions, therefore anyone who is legally employed is entitled to these minimums or more. The Spanish workers tend to fill the lower paid jobs like cleaning, rubbish collection, shop assistant etc. but there are opportunities at all levels, as previously mentioned doctors and others in the medical field plus most professions.
Spaniards also own and run businesses in Gibraltar, as well as Spanish companies operating in Gibraltar with their employees employed in Spain.
Gibraltarians are generally well educated, they are able to attend universities subsidised by the Government unlike the UK nowadays. My wife was sent to a UK university as a mature student on full pay and expenses and even received overtime payments whilst there.

Maybe1day

There are 30K + Italians that nip over the border into CH every day. They get pensions etc in line with contributions paid. The arrangement means that CH gets cheap labour and Italian unemployment in the border area is very low. Pay is slightly higher than Italy but under half of that for Swiss workers. Minimum unemployment pay is something around 2K SFR pm. As for the Swiss I do not know what benefits they receive overall. As a consultant in Telecoms, the taxation was broadly 30% and there was no cover for healthcare etc. I didn't imply that the frontier workers were nicking jobs from Gibraltarians. Earlier this year there was a referendum in CH with the result that further foreigners (EU too) workers would not be allowed to work in CH unless there was a particular need for specialist services.