Offshore financial services put millions into NIA’s coffers

he Offshore Financial Services sector in Nevis continued to do well and Premier of Nevis and Minister with responsibility for Finance Joseph Parry, said the industry had raked in $11million into the coffers of the Nevis Island Administration (NIA) for 2007, as of 28 Nov. It represented a nine per cent increase for the corresponding period in 2006. Premier Parry brought the matter to light during his 2008 Budget presentation, under the theme “Moving to a higher level of progress – People Empowerment”, at a sitting of the Nevis Island Assembly in Charlestown on Monday.

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