Articles tagged with Economy
Remembering Sir William Birch: A Legacy of Dedication and National Impact
2 weeks ago | 202 viewsSir William Birch was a prominent National Party figure who contributed significantly to New Zealand's modernization during his nearly 30 years in Parliament. He was known for his exceptional diligence and commitment to public service, aiming to create a better future for the country. The Government and National Party extend their deepest condolences to his family and gratitude for his many years of service.
Tags: Sir William Birch National Party Parliament economy reform public life Government condolences family work ethic future generationsNZ Government Accounts Show Stronger Economy with Higher Revenue and Lower Deficit
1 month ago | 338 viewsThe latest government accounts reveal stronger-than-expected core Crown revenue and lower expenses, indicating an improving economy. Corporate tax revenue rose by $700 million, reflecting increased business profitability, and the deficit was $3 billion lower than forecast. Despite recent challenges like the Middle East conflict, economic indicators such as falling oil prices, rising business confidence, and increased exports suggest the economy is regaining momentum.
Tags: Nicola Willis Finance Minister New Zealand government accounts economy Crown revenue corporate tax OBEGALx Middle East conflict inflation expectationsNew Zealand’s Visa Waiver Trial Boosts Economy by $215M with 92,000 Visitors
1 month ago | 366 viewsA 12-month visa waiver trial launched in November 2025 allowing eligible Chinese and Pacific visitors traveling from Australia to use a simpler, faster, and cheaper New Zealand electronic Travel Authority (NZeTA) has generated $215 million for New Zealand’s economy in six months. The trial has led to a 40% increase in Chinese visitor arrivals, filling hotels and businesses, and supporting jobs, with over 80,000 travelers arriving via this new pathway. Decisions on the trial’s future will follow a full evaluation after the 12-month period, while eligible travelers continue to benefit from the streamlined NZeTA process.
Tags: Erica Stanford Louise Upston Immigration New Zealand Chinese visitors Pacific visitors New Zealand economy NZeTA Ministry of Business Innovation and Employment Stats NZ New Zealand tourismNew Research Projects Boost Efforts to Eradicate Yellow-Legged Hornet in NZ
1 month ago | 343 viewsFour new research projects led by the Bioeconomy Science Institute will support Biosecurity New Zealand's efforts to eradicate the yellow-legged hornet, focusing on risk modeling, impact assessment, targeted communication with Māori communities, and readiness planning for the apiculture sector. Since the hornet's detection in Auckland last year, 77 queens and 132 nests have been removed, with no sightings since early April, but ongoing surveillance and public vigilance remain crucial. Funded by the Ministry of Business, Innovation and Employment, these projects aim to enhance eradication strategies and prepare for potential long-term management.
Tags: Penny Simmonds Andrew Hoggard Biosecurity New Zealand Bioeconomy Science Institute Auckland Ministry of Business Innovation and Employment Maiangi Taiao Māori communities apiculture sectorTaupō District Increases Trout Bag Limits to Boost Fishing and Economy
1 month ago | 422 viewsTaupō District’s trout bag limit will increase from six to eight starting 1 July to improve stock quality and support local anglers and businesses, according to Hunting and Fishing Minister James Meager. The decision is based on evidence that angler harvest helps maintain a healthy trout population by addressing smelt depletion caused by an imbalance in trout numbers. Additionally, minor regulation changes, including removing the fixed February closure at Lake Otamangakau, aim to simplify rules and enhance freshwater fishing opportunities across New Zealand.
Tags: Taupō District trout bag limits James Meager Lake Taupō smelt angling fishing season local economy freshwater fishing New Zealand$5.3M Māori Development Fund Boosts Businesses, Jobs & Exports in NZ
1 month ago | 404 viewsThe Māori Development Fund has invested over $5.3 million to support Māori-owned businesses in horticulture, aquaculture, and renewable energy, aiming to create jobs, boost regional economies, and expand exports in line with the Government's growth framework. Key investments include $2.6 million for Hineuru Orchards in Hawke's Bay to enhance crop protection and export capacity, and $1.5 million for Akaroa King Salmon to upgrade infrastructure and increase production, generating approximately 50 new jobs. These initiatives promote sustainable development, energy transition, and long-term prosperity for Māori communities while strengthening New Zealand's overall economic success.
Tags: Tama Potaka Parininihi ki Waitōtara Hineuru Orchards Akaroa King Salmon Ōnuku Rūnanga Ngāti Porou Māori Development Fund Māori businesses New Zealand economy Māori Development MinisterNew Research to Improve Food Safety Rules for Deer Hunters in New Zealand
2 months ago | 458 viewsNew research led by the Bioeconomy Science Institute and Lincoln University aims to provide evidence for more targeted food safety rules regarding deer hunting near brodifacoum bait stations. Current regulations impose a two-kilometre buffer zone for three years after poisoning, limiting commercial hunting access, but evolving science may allow for refined, less restrictive measures. This research will also help maintain New Zealand’s reputation for safe meat exports and support trade assurances.
Tags: Andrew Hoggard Food Safety Minister Bioeconomy Science Institute Lincoln University deer hunters food safety rules brodifacoum toxicology statistical modelling bait station designKiwi Exports to EU Surge $3 Billion in Two Years Boosting NZ Economy
3 months ago | 560 viewsKiwi exports to the European Union have surged by $3 billion in two years following the New Zealand-EU Free Trade Agreement, boosting the economy and supporting jobs nationwide. Key export gains include significant increases in butter, meat, industrial goods, and tourism, with total goods exports up 35% to $6.7 billion and services exports up 11% to $2 billion in the year to December 2025. This growth exceeds expectations, strengthens regional economies, and reinforces the EU as a vital trading partner for New Zealand amid global uncertainty.
Tags: Todd McClay New Zealand European Union Free Trade Agreement Kiwi exports trade economy dairy meat tourismSouth Island Rail Rebuild Boosts Economy with New Hub and Locomotives
3 months ago | 608 viewsThe rail system in the South Island is being rebuilt with a new maintenance hub in Christchurch and 66 new DM Class locomotives to boost the national economy and improve efficiency. These investments, totaling $1.2 billion since 2019, have enhanced fuel economy, hauling power, and schedule reliability, contributing to KiwiRail's $73 million half-year profit and a 7% increase in rail freight volumes. The project reflects a shift from road to rail freight, emphasizing the government's commitment to maximizing taxpayer-funded infrastructure value.
Tags: rail system national economy Christchurch South Island Rail Minister Winston Peters Julius Vogel Waltham Mechanical Hub DM Locomotives KiwiRailGovernment Boosts Advanced Technology Funding to Drive NZ Science Innovation
4 months ago | 622 viewsThe New Zealand Government is redirecting science funding towards areas with the greatest national impact, emphasizing advanced technology to boost productivity and international competitiveness. The Prime Minister’s Science, Innovation and Technology Advisory Council identifies four priority areas: primary industries and bioeconomy, technology for prosperity, environmental sustainability, and healthy people. By reallocating $122 million annually over three years, the Government aims to build a future-ready science workforce and strengthen the country’s research system through a carefully managed funding reset.
Tags: Shane Reti New Zealand Science Investment Plan Research Funding New Zealand Prime Minister’s Science Advisory Council advanced technology bioeconomy environmental sustainability science system innovationNew Zealand Economy Grows 0.2% in Q4 2025, Strong Start to 2026
4 months ago | 1003 viewsEconomic data shows New Zealand's economy grew by 0.2% in the December quarter, with a 1.1% increase in the second half of 2025 after a flat first half. Finance Minister Nicola Willis notes that despite volatility and challenges like high inflation and interest rates, the economy is now in a stronger position. Although the recent Middle East conflict will affect growth, forecasts still predict continued economic expansion in 2026 under realistic scenarios.
Tags: Nicola Willis Finance Minister New Zealand GDP Stats NZ economy growth inflation interest rates Middle East conflict economic forecastNZ Economy Shows Growth in Late 2025 Despite Global Uncertainties
4 months ago | 791 viewsEconomic data shows New Zealand's economy grew by 0.2% in the December quarter, with a 1.1% increase in the second half of 2025 after a flat first half. Finance Minister Nicola Willis notes that despite volatility and recent Middle East conflicts, the economy is starting from a stronger position than in previous years. While the conflict may impact growth, forecasts still predict continued economic growth in 2026 under realistic scenarios.
Tags: Nicola Willis Finance Minister Stats NZ Gross Domestic Product New Zealand economy economic growth inflation interest rates Middle East conflict economic forecastNZ Hospitality Summit 2026: Boosting Economy and Supporting Industry Growth
4 months ago | 850 viewsTourism and Hospitality Minister Louise Upston emphasized the hospitality industry's significant contribution to New Zealand’s economy, generating over $9 billion in GDP and shaping visitor experiences. Since the first Hospitality Summit in 2024, the government has collaborated with the industry by introducing the Michelin Guide, investing in regional tourism, supporting major events, and reviewing regulations. The 2026 Summit focused on reflecting progress and planning practical steps to build a strong, resilient hospitality sector through continued partnership between government and industry.
Tags: Louise Upston Tourism and Hospitality Minister Hospitality Summit 2026 New Zealand economy Hospitality New Zealand Restaurant Association Michelin Guide Hospitality Sector Review Regional tourism Hospitality industryTransforming New Zealand Life Sciences: Innovation, Technology, and Future Growth
4 months ago | 741 viewsThe Minister of Science, Innovation and Technology highlighted New Zealand’s significant reforms to its science system, including the creation of unified funding bodies, advisory councils, and major bioeconomy institutes to enhance research impact and economic resilience. Emphasizing the convergence of life sciences with advanced technologies like AI and quantum computing, the government is investing in platforms such as the Biodiscovery Platform and Infectious Diseases Research Platform to drive innovation, health security, and sustainable growth. The Minister also addressed the importance of modernizing gene technology regulations to keep pace globally, underscoring the government’s commitment to supporting science that benefits New Zealand’s economy, environment, and communities.
Tags: Minister of Science Innovation and Technology BioTech NZ NZTech Prime Minister’s Science Innovation and Technology Advisory Council Research Funding New Zealand Bioeconomy Science Institute Public Health and Forensic Science New Zealand Institute for Advanced TechnologyNew Zealand’s Trade Hits $61.2B in Q4 with Strong Export Growth
5 months ago | 823 viewsNew Zealand's international trade statistics reveal strong export growth, reaching $29.2 billion in the December quarter, driven by key sectors like dairy, tourism, and meat. Trade and Investment Minister Hon Todd McClay highlights the importance of open markets, strong trading relationships, and government support in sustaining this success amid global economic uncertainty. The government remains committed to enhancing trade by reducing barriers, expanding free trade agreements, and empowering exporters to drive economic growth and job creation.
Tags: Todd McClay New Zealand Kiwi exporters international trade dairy exports tourism meat exports trade statistics free trade agreements New Zealand economy