• Covid-19
  • Travel Protocols
  • Immigration & Customs Form
Thursday, March 23, 2023
SKNIS
  • Home
  • About
  • Press Releases
  • Parliament
  • In The News
  • Bills
No Result
View All Result
SKNIS
No Result
View All Result
Home Featured

INVESTMENT CLIMATE IMPROVING IN ST. KITTS AND NEVIS

SKNISEditor by SKNISEditor
March 23, 2021
in Featured, In The News
INVESTMENT CLIMATE IMPROVING IN ST. KITTS AND NEVIS

PRIME MINISTER DR. THE HON.TIMOTHY HARRIS

Share on FacebookShare on Twitter

Related posts

GOVERNMENT MOVING FORWARD WITH AGENDA TO ACCELERATE CHANGE IN INCREASING WATER SUPPLY

GOVERNMENT MOVING FORWARD WITH AGENDA TO ACCELERATE CHANGE IN INCREASING WATER SUPPLY

March 23, 2023
Intangible Cultural Heritage Policy Project launched

Intangible Cultural Heritage Policy Project launched

March 23, 2023
Basseterre, St. Kitts, March 23, 2021 (SKNIS): The investment climate in St. Kitts and Nevis is improving according to key indicators across multiple sectors.
 
At his monthly press conference on Tuesday (March 23, 2021), Prime Minister Dr. the Honourable Timothy Harris highlighted some of these areas where progress is evident as the twin-island Federation seeks to rebound from the local economic challenges caused by the global COVID-19 pandemic.
 
“The statistics reveal that 183 Small and Medium-sized Enterprises (SMEs) have been approved so far for 2021 compared to 143 licenses issued in 2020, up 28 percent for the comparative period,” Dr. Harris stated.
 
The government will continue to offer financial support to enhance the survivability of SMEs. The prime minister announced that an additional $5 million will be made available at the Development Bank of St. Kitts and Nevis to lend to businesses with viable plans. The support was a Budgetary commitment for the 2021 financial year. The funds will be transferred later this year.
 
Prime Minister Harris also pointed to positive developments in the construction sector.
 
He noted that several hotel properties including Trinity Sunset Shores, Seaview Hotel, and Hillsborough Suites Hotel are expected to be completed this year.
 
When officially opened, these present “opportunities for permanent jobs, real incomes and increasing our hotel stock to more competitive levels,” Dr. Harris outlined.
 
Construction, which is a key driver of the economy, is also ongoing for various projects such as the TDC Dewars Residential Middle-Income Project, and a luxury villa development project at the Royal St. Kitts Hotel, as well as the rehabilitation projects for the island main road, and Old Road, Bay Road.
 
Two additional public sector capital projects are also scheduled to begin this year. These are a modern correctional facility at Estridge, and the state-of-the-art Basseterre High School at Ponds Pasture.
 
“I am pleased that we are seeing some good signs of recovery,” Dr. Harris said. “More needs to happen but, we are grateful for these positive developments.” -30-
Previous Post

FIRST TIME HOMEOWNERS IN ST. KITTS AND NEVIS CONTINUE TO BENEFIT FROM DUTY FREE CONCESSIONS ON BUILDING MATERIALS

Next Post

OFFICIALS ADDRESS GLOBAL VACCINE SHORTAGE –FEDERATION HAS NOT RUN OUT OF DOSES 

Next Post
OFFICIALS ADDRESS GLOBAL VACCINE SHORTAGE –FEDERATION HAS NOT RUN OUT OF DOSES 

OFFICIALS ADDRESS GLOBAL VACCINE SHORTAGE –FEDERATION HAS NOT RUN OUT OF DOSES 

WHAT'S HOT

GOVERNMENT MOVING FORWARD WITH AGENDA TO ACCELERATE CHANGE IN INCREASING WATER SUPPLY

GOVERNMENT MOVING FORWARD WITH AGENDA TO ACCELERATE CHANGE IN INCREASING WATER SUPPLY

March 23, 2023
GOVERNMENT TO INVEST HEAVILY IN THE FEDERATION’S WATER SECTOR TO ENHANCE ITS SUSTAINABILITY AND RESILIENCY

GOVERNMENT TO INVEST HEAVILY IN THE FEDERATION’S WATER SECTOR TO ENHANCE ITS SUSTAINABILITY AND RESILIENCY

March 23, 2023
Intangible Cultural Heritage Policy Project launched

Intangible Cultural Heritage Policy Project launched

March 23, 2023

BROWSE BY CATEGORIES

  • Bills
  • Featured
  • In The News
  • Notices
  • Parliament
  • Press Releases
  • Register of Voters
  • Uncategorized

LIKE US ON FACEBOOK

Facebook Pagelike Widget

FOLLOW US

CATEGORIES

  • Bills
  • Featured
  • In The News
  • Notices
  • Parliament
  • Press Releases
  • Register of Voters
  • Uncategorized

CONTACT US

Government Headquarters
Church Street
Basseterre, Saint Kitts and Nevis 00265
(869) 467-1416

  • Government of St. Kitts & Nevis

© 2020 St. Kitts & Nevis Information Service. Developed by E-Government Unit

No Result
View All Result
  • Home

© 2020 St. Kitts & Nevis Information Service. Developed by E-Government Unit