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Antigua and Barbuda

Yearbook 2015

Antigua and Barbuda. In April, the government signed an agreement that meant the state took over as majority owner of the West Indies Oil Company Ltd. oil company. The company had been owned by Bermuda-based National Petroleum Ltd. since 1980. The acquisition was made possible by support from Venezuela, which took over 25% of the ownership, and a Chinese investor who bought 24% of the shares.

2015 Antigua and Barbuda

In May, five of the member states of the Organization of Eastern Caribbean States (OECS) - Antigua and Barbuda, Dominica, Grenada, Saint Lucia and Saint Vincent and the Grenadines - announced that they launched a joint project to reduce poverty in the OECS countries. The project is funded by Chile and is supported by the United Nations Development Program UNDP.

In June, the EU published a list of a total of 30 countries and territories that are described as tax havens and used for tax evasion. Of these, 15 are in the Caribbean. Prime Minister Gaston Browne reacted strongly to the fact that Antigua and Barbuda were on the list.

According to COUNTRYAAH, Prime Minister Browne and opposition leader Baldwin Spencer signed an agreement in August to pave the way for the country's accession to the Caribbean Court of Justice. Before it can replace the Judicial Committee of the Privy Council in London as the country's highest court, the constitution needs to be changed through a referendum. In August, one of the Caribbean's most modern airport terminals was inaugurated in the capital Saint John's on the island of Antigua.

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