Falkland Islands

Falkland Islands
Tuesday, March 31st 2015 - 08:52 UTC

Falklands' defense: Argentina formalizes complaint to UN and regional groups

UK alleges a preposterous 'live threat' from Argentina with the sole purpose of trying to justify a military presence in the Falklands, said Timerman

Argentina dispatched on Monday complaint letters to several international and regional organizations accusing the United Kingdom of further militarizing the Falklands/Malvinas, with an increased budget, alleging Argentina represents a 'live threat' to the Islanders in the British Overseas Territory and thus ignoring tens of resolutions calling for dialogue between the two sides on the Falklands issue.

Tuesday, March 31st 2015 - 08:41 UTC

Falklands' clearance of Argentine mines planned to restart in mid-September

“This latest phase is the fourth and largest, and is scheduled to take place over the next two years”, said Marot head of the demining program in Falklands

The Falkland Islands program to clear mines planted by the invading Argentine forces in 1982, is scheduled to take a break at the end of April, following a very successful task all along summer according to Guy Marot, Program Manager for the Falkland Islands Demining Program Office, as reported in the FIG's edition of February.

Monday, March 30th 2015 - 07:13 UTC

Falklands economy main contributor is fishing industry: 34% of GDP in 2012

Fishing licence fees are typically the biggest single source of government revenues, besides non-regular corporate tax revenues relating to hydrocarbons

Measured by GDP, fishing is the most important industry in the Falkland Islands and in 2012 contributed 34% to GDP, according to the State of the Falklands Economy report from the FIG Policy Unit.

Monday, March 30th 2015 - 06:58 UTC

Falklands' oil industry advances despite the fall in oil prices, according to FT

Sam Moody insists that a smaller scale plan at Sea Lion with an initial outlay of 1.8bn dollars or less, could guarantee the beginning of production before 2020”.

A recent piece from the Financial Times points to the fact that despite the remoteness of the Falkland Islands, the fall of international oil prices and the ongoing conflict with Argentina, this has not impeded small oil and gas companies from going ahead with exploration, and hopefully before 2020 production, in the Islands waters.

Saturday, March 28th 2015 - 10:21 UTC

HMS Lancaster takes over from HMS Dragon in South Atlantic patrol tasking

“In many ways it’s a ground-breaking deployment for the Royal Navy, as we are taking new capabilities and equipment on operations for the first time”, said Commander Laughton

Type 23 frigate HMS Lancaster sailed from her home in Portsmouth last week for a routine nine-month Atlantic patrol tasking, which includes the Falklands and South Georgia. She is the first ship in the Royal Navy to deploy with the new Wildcat helicopter, and her crew are wearing the newest naval uniform in 70 years.

Saturday, March 28th 2015 - 09:47 UTC

Falklands' conflict hypothesis: Argentine Mirages are banned from flying on cloudy days

“We have no conflict hypothesis. We are programmed for a defense policy based on the development of our capabilities”, said Rossi

The Argentine government and media agree that the country does not have the military capacity to attack the Falkland Islands as feared by Britain. A report in daily La Nacion points out the Argentine armed forces lack landing crafts, troop transport vessels and even the Mirage fighter planes are banned from flying on cloudy days because of repeated problems with their instruments.

Thursday, March 26th 2015 - 14:41 UTC

Falklands' main import trading partner is the UK with 87% of all goods

The value of imported services was approximately £260 million in 2012 with support services to oil and gas extraction making up £167 million of the figure.

The United Kingdom is the main import trading partner of the Falkland Islands with 87% of all imported goods coming from the UK in 2012 (Customs and Immigration 2013) with the rest imported mostly from Chile and Uruguay, according to the latest report on the Falklands' “State of the Economy”.

Thursday, March 26th 2015 - 08:02 UTC

Falklands reassured by UK commitment to defense and by House support

“It is reassuring to know that Her Majesty’s Government remains committed to the defense of our Islands and our home”, said MLA Dr. Elsby

The Falkland Islands elected Legislative Assembly welcomed the statement of Secretary of Defense before the House of Commons and said it was reassuring that the UK government remains committed to the defense of the Islands, and equally significant the strong support received by the secretary from members of Parliament.

Thursday, March 26th 2015 - 07:48 UTC

Falklands' defense expenditure increase' will be taken before the UN, says Argentina

“Argentina has no interest in being involved in an armed conflict” with nobody, but insists UK must comply with the forty UN resolutions, said Timerman

Argentina will take the United Kingdom before the United Nations Decolonization Committee following London's announcement it was increasing expenditure on the Falkland Islands defense, said Foreign minister Hector Timerman on Wednesday.

Wednesday, March 25th 2015 - 21:35 UTC

Falklands releases “State of the Economy” and “Living Wage” reports

'A Living Wage for the Falkland Islands’ provides the first estimate of earnings necessary to comfortably cover all of a household’s outgoings in the Falkland Islands. (Pic CNN)

The Falkland Islands has released two new documents, the Islands State of the Economy and on income needed to comfortably cover all of a household's expenses. The Falklands enjoys one of the highest standards of living in the Americas with low inflation and virtually full employment.

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