Cost Of Two Trips By Premier Burt: $13,794.14

November 25, 2018

A trip in September 2018 by Premier David Burt to Paris, Austria and Brussels for European Union Engagements cost $12,476.63; while another trip to New York for the business meetings on foreign investment and banking cost $1,317.51, according to recent listings on the Government’s travel webpage.

European Union Engagements

The trip duration was listed as from September 03, 2018 – September 09, 2018, and the web page listing said, “The Premier travelled to Europe for a series of European Union Engagements. The Premier, alongside the Prime Minister of the Republic of Serbia, the Prime Minister of the Republic of Mauritius, the State Secretary of Slovenia, and the OECD Secretary-General, attended and participated in the OECD Blockchain Policy Forum, which focused on improving blockchain policies and digital financing.

“The Premier also participated in a 2-day EUROFI Conference on macro-economic and regulatory developments impacting the global financial sector; post Brexit for a future EU; Crypto currencies; and EU economic substance matters [i.e. sustainable investment, challenges and prospects for the EU asset management sector, Fintech and digitalization, enhancing supervision and resolution in banking, developing EU securities markets, Solvency II, etc]. In addition, the Premier delivered remarks at the 2018 ABIR Conference in Brussels.

“During the course of this business travel, the Premier also met with a number of high-level officials, including the Prime Minister of the Republic of Mauritius, the OECD Secretary General, the State Secretary of the German Federation and the Director of Tax Legislation to dicuss EU Blacklist matters.”

Expenses

  • Air Travel: $7,391.41
  • Ground Transportation: $425.18
  • Accommodation: $4,436.74
  • Meals: $209.68
  • Miscellaneous: $13.62
  • Total costs: $12,476.63

Foreign Investment & Banking

The trip was listed as on October 11, 2018, and the web page listing said, “The Premier spent 24 hours in New York participating in a series of business meetings on foreign investment and banking, with a view to attracting further interest in Bermuda as being a first-class jurisdiction to do business.

“The Premier was also interviewed by NASDAQ’S Spotlight, answering questions related to why Bermuda was moving into the FinTech space; the legislation and regulations being put in place to encourage banks to provide their services to FinTech companies; and, how Bermuda was promoting economic growth and success.”

Expenses

  • Air Travel: $1,041.10
  • Ground Transportation: $276.41
  • Total costs: $1,317.51

click here travel cost listings

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Comments (7)

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  1. Question says:

    Burt luurves to travel amd luurves spending other people’s money.

    This is why he wants to raise taxes. To Spend spend spend.

  2. red rose says:

    $633 per night for accommodation – assuming it is 7 nights. Nice hotel! Cannot wait for the detailed breakdown to see what we, Bermuda, got from this.

  3. Vote no more says:

    Live it up Mr Burt coin. OBA get ready.

  4. Hurricane says:

    OBA get ready, you have jokes BIG time

  5. hmm says:

    Wow – what a slap in the face to bermudians struggling

  6. Rockfish #2 says:

    Who accompanies the Premier on these jaunts,and what is the cost to the taxpayer.
    Details please.

  7. Triangle Drifter says:

    Yes, how about all of the tag-alongs who go on these junkets?