ARTICLE · 02 MARCH 1999

News Release - Rock's Image Completely Transformed

Government of Gibraltar

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Date Released: 25 February 1999

A COMPARISON between Resident Abroad editorials in February 1998 and 1999 reveals a vast transformation in Gibraltar's image as a finance centre.

Under the headline 'Gibraltar on the rocks', RA said in February last year: "You don't have to look hard to find an offshore financial centre with a turbulent past and an uncertain future. Cyprus is an obvious example but Gibraltar has been hitting the headlines too."

Resident Abroad at the time referred to Gibraltar's "troubled reputation", and went on to state that "Gibraltar's close links with Britain are proving to be both a blessing and a curse".

A year later, the RA headline now reads: 'Gibraltar - a unique selling proposition'. Resident Abroad now believes that "Gibraltar is able to offer what advertising folk call a unique selling proposition: it is the only offshore centre to combine British Dependent Territory status with membership of the European Union."

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