2 Aug 2010

Fiji central bank highlights tourism growth and gold production

6:29 pm on 2 August 2010

The Reserve Bank of Fiji's Economic Review has confirmed the country's tourism industry is buoyant.

The interim Government's Ministry of Information reports the Bank saying 21 percent more tourists visited Fiji in the first five months of this year compared with 2009.

It says the global recovery, coupled with package deals, sparked the growth.

The Bank also reports gold production is substantially up for the June year.

It puts this down to capital investment in equipment by Vatukoula Gold Mines along with the beginning of surface mining and extremely favourable world gold prices.

The Bank says electricity production was up by 8 point one percent over the same period, reflecting increased demand from industrial and commercial users.