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In the same year the Nauru government budget shows that income from licensing foreign fishing vessels was over US$3,000,000. Nauru needs to import almost all basic and capital goods, including food, water, fuel, and manufactured goods, with Australia and New Zealand as its major import sources. In 2004 Nauru's imports totaled about US$19.8 million.
Nauru (/ n ɑː ˈ uː r uː / nah-OO-roo [13] or / ˈ n aʊ r uː / NOW-roo; [14] Nauruan: Naoero), officially the Republic of Nauru (Nauruan: Repubrikin Naoero) and formerly known as Pleasant Island, is an island country and microstate in Micronesia, part of the Oceania region in the Central Pacific.
Phosphate mining, Nauru, 1919. The effects of phosphate mining in Nauru have had significant negative impacts on the island's environment and economy. [1] One of the most prominent effects of the phosphate mining in Nauru is the extensive environmental degradation that has occurred as a result of the extraction of phosphates. [2]
Just over two weeks earlier, media coverage of the July 2013 riot at the Nauru detention centre was restricted. [8] Police confiscated a video recording of a parliamentary session from Nauru Television in May 2000. [9] In January 2014, the visa cost for foreign journalists rose from $200 to $8000.
The government puts profits from the mining into a trust for the islanders. This trust reached a peak of A$1 billion, returning approximately 14% annually. Poor investments and corruption have left the trust fund nearly empty and therefore Nauru with little money. In the year 1948, revenues from phosphate mining were A$745,000.
By Ryan Woo. BEIJING (Reuters) -A reporter from Xinhua landed in Nauru on Wednesday, the first from China's official news agency to step foot on the remote Pacific Islands nation after it ditched ...
Nauru Television (NTV), established on 31 May 1991, is the government-owned, non-commercial sole television company in the Republic of Nauru. It is operated by the Nauru Broadcasting Service and overseen by the Nauru Media Bureau .
15 July - The new cabinet of Nauru is sworn in. [8] 27 July - President Tsai Ing-wen receives ambassador from Nauru to Taiwan Chitra Jeremaih. [9] 12 November - Australian Prime Minister Malcolm Turnbull announces that Australia and the United States have made a one-off resettlement agreement regarding refugees held in Nauru and Manus Island. [10]