In January, the Central Bank of Barbados shared an optimistic review of the nation’s economic performance for 2023. Governor Dr. Kevin Greenidge reported a 4.4 percent growth in GDP, marking eleven consecutive quarters of real economic expansion. For the first time since the pandemic, GDP surpassed pre-pandemic levels in both nominal and real terms. The tourism sector was pivotal to this recovery, with...
Barbados is redefining its renewable energy landscape with an ambitious four-year initiative to convert agricultural waste into bioenergy. The Sustainable Management and Resilient Thinking for our Energy Revolution (SMARTER) project, funded by the Global Environment Facility, marks a pivotal step towards the nation’s goal of achieving 100% renewable energy by 2030. Launched on Wednesday at the...
Barbados' ambitious goal of achieving 100% renewable energy by 2030 is expected to spark a surge in job opportunities across various fields, ranging from solar power to waste-to-energy systems. This promising outlook was highlighted during the Barbados Sustainable Energy Youth Forum, held as part of CARICOM Energy Month on Thursday. Experts at the forum painted an optimistic picture for young...
Barbados is embarking on a cultural renaissance with a series of ambitious heritage and creative projects set to reshape the island's cultural hubs over the next two years. Prime Minister Mia Mottley shared this vision during the opening of the Marcus Garvey Amphitheatre at Queen’s Park on Thursday, promising spaces that celebrate Barbadian history, creativity, and community. Revitalizing Queen’s...
The Caribbean is experiencing an exciting new era in luxury real estate, as the region continues to attract high-net-worth individuals (HNWIs) from around the world. The islands’ natural beauty, idyllic climates, and favorable tax regimes have long been a draw, but in recent years, new luxury developments and a surge of interest from remote workers have taken the market to new heights. These factors...
Barbados has formalized a significant $500 million agreement with the Export-Import Bank of the United States (EXIM Bank), aimed at strengthening essential sectors such as renewable energy, cybersecurity, water infrastructure, and maritime security. The Memorandum of Understanding (MOU), signed by Prime Minister Mia Mottley and EXIM Bank Chairman and President, Reta Jo Lewis, is set to remain in effect...
Barbados Tourism Marketing Inc. (BTMI) is rolling out a vibrant invitation to remote workers based in Ireland, encouraging them to make the most of the island’s ‘Welcome Stamp’ programme. This initiative offers Irish professionals the chance to work remotely from the sunny shores of Barbados for a full year, combining productivity with paradise. Launched in 2020, the Barbados Welcome Stamp...
Marriott’s all-inclusive footprint in the Caribbean is growing, and Barbados is once again at the heart of this exciting expansion. From boutique beach hotels to grand luxury resorts, Marriott Bonvoy members now have access to a wide variety of properties across the Caribbean, including the newly launched Almare on Isla Mujeres. But what many don’t realize is that Marriott’s journey into the...
Alora Barbados is redefining luxury living on the island’s exclusive West Coast with turnkey, fully furnished, and rental-ready apartments. Perfect for discerning buyers, these modern residences are ideal for full-time living, vacation retreats, or income-generating investments. With construction well underway and completion slated for early 2025, Alora offers a seamless blend of comfort,...
Barbados is positioning itself as a gateway for UK businesses eager to expand into the Caribbean, offering a stable economy, modern infrastructure, and a vibrant trade partnership with Britain. These opportunities were spotlighted as the 2024 UK Trade and Investment Mission to Barbados officially kicked off this week. The opening event, hosted at the elegant Crane Resort, was a collaboration between...