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Job creation to form part of the Government's 2019/2020 agendaSeptember 12, 2019 - Mount Vema - The Ministry of Economy - His Mount Vema Majesty's Treasury confirmed today that job creation is part of the agenda for 2019/2020, to create quality and well paid jobs both for members and non-members of the Mount Vema society overseas. Especially in countries and cities where Mount Vema citizens have made their home, or where trade links with the Vema Seamount territory are likely to be established.
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MOUNT VEMA
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More scholarships to be awarded this fiscal year - Ministry of Education
September 11, 2019 - Mount Vema - The Ministry of Education of Mount Vema announced that there will be more scholarships awarded this fiscal year to applicants from poor backgrounds across the world. The scholarships will not just educate, but will also include training and will provide work placement for graduates to gain work experience after completing their education.
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Our priority is to provide quality of living for our citizensSeptember 10, 2019 - Mount Vema - The Government has issued a statement today, to explain its plan to buy and build more homes to meet the need for affordable homes overseas. The statement says, that it is the priority of His Mount Vema Majesty's Government to provide quality of living for all its citizens wherever in the world they are. Especially to provide affordable homes (social housing) to Mount Vema citizens and people working for Mount Vema entities overseas.
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Government announced plans to buy and build more homes overseasSeptember 09, 2019 - Mount Vema - His Mount Vema Majesty's Government today announced plans to buy and build more homes to meet the need to accommodate Mount Vema citizens and people working for Mount Vema entities overseas. More details will be provided soon according to people familiar with the plans including budget and which countries and cities the government intends to buy and build.
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The Central Bank of Mount Vema has left interest rate unchanged at 3.45%September 05, 2019 - Mount Vema - Bank of Mount Vema (The Central Bank of the Kingdom of Mount Vema) has left interest rate unchanged for more than 10 years at 3.45%. The decision was postponed last week, in what is expected to be a permanent move, to announce August interest rate decision in September after the Mount Vema Sovereign (The Vema Seamount Authority) authorises the new debit ceiling.
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Reserve Bank of Mount Vema increases the debit ceiling to 10 billion gollesSeptember 02, 2019 - Mount Vema - The Reserve Bank of Mount Vema has increased the debit ceiling from 250 million to 10 billion golles. The increase comes after the Vema Seamount Authority announced two week's ago that he will approve the new proposed budget for the fiscal year 2019/2020, to meet liquidity needs. The budget was approved today, in a clear sign that the economy of Mount Vema is... read more
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Notification of Award of Contracts for Procurement Notices No.000005August 30, 2019 - Mount Vema - The Office for General Procurement, for the City of Mount Vema Development - Phase 2 - hereby notifies all tenderers for Procurement Notice No. 2019/000005 - Build - Construction of Site 9 & Site 10, 5th Avenue, Breakwater Docks. To be the home of the Port of Mount Vema – Bulk Section (West Section), and Site 10 to be home of the Center for Maintenance of the City… read more
Economic data shows that the Mount Vema economy grew 11.1% |
Boris Johnson's message to the Vema Seamount Authority well receivedAugust 16, 2019 - The Vema Seamount Authority - Peter Goldishman has issued a statement today to thank British Prime Minister Boris Johnson for his feedback. The message sent by the Prime Minister was a reply after the Vema Seamount Authority congratulated Boris Johnson on becoming the new Prime Minister of the United Kingdom… read more
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Government Bonds and Notes issued in August 2009 and 2014 to be redeemedAugust 09, 2019 - The Mount Vema Government is to repay all of the debt related to MVG-BONDs and MVG-NOTEs issued August 2009 and August 2014, and all special issues stretching as far back as 2006, as part of a redemption of bonds plan for this year. The Establishment of Statehood Bonds, which paid out a rate of interest of 5%, were issued in 2006 as… read more
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Notification of Award of Contracts for Procurement Notices No.000073-and-74August 23, 2019 - Mount Vema - The Office for General Procurement, for the City of Mount Vema Development - Phase 2 - hereby notifies all tenderers for Procurement Notice No. 2019/000073 and 2019/000074 - Design and Build a Floating Broadcasting Studio, and Design and Build Coast Guard Rescue Helicopters, that tender submissions for this… read more
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Notification of Award of Contract - Procurement Notice No. 2019/000079-80August 06, 2019 - Handy Deed, the management contractor, for the City of Mount Vema Development - Phase 2 - hereby notifies all tenderers for Procurement Notice No. 2019/000079 and 2019/000080 - Design and Build a Floating Fuel Station, and Design and Build Printing Facilities, that tender submissions for this section of the project is now closed… read more
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Independence Day 2019! Mount Vema marks 13 Years of Royal HistoryJuly 27, 2019 - Next week will be the 13th birthday of the Kingdom of Mount Vema. Mount Vema celebrates 13 years since the Vema Seamount territory was declared independent, on the First of August of Two Thousand and Six. The day Peter J. Goldishman declared Vema Seamount sovereign. Before the year 2006, Mount Vema was never a… read more
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Clarification - Procurement Notices 2019 - Clouse 5 - Eligible GoodsJuly 20, 2019 - The Office for General Procurement is informing all City of Mount Vema Project Participants, that all goods and services to be supplied under a Contract, financed by the City of Mount Vema Bond Fund, must have as their country of origin an eligible country as listed under the Eligible Countries section of the Tender Document… read more
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Clarification - Tender Documents Clarification - Mount Vema site VisitsJuly 20, 2019 - As result of a general request for clarification by tenderers with regards to Site Visits, The Office for General Procurement hereby announces the following clarification: Tender Documents Clarification... read more
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Clarification - Tender Documents Clarification - Eligible TenderersJune 09, 2019 - As result of a general request for clarification by tenderers with regards to Eligible Tenderers, The Office for General Procurement hereby announces the following clarification: Tender Documents Clarification... read more
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South African sailing vessel RONIN banned and fined $150,000 US dollarsJune 13, 2019 - South African sailing vessel MMSI: 601694200 RONIN has been fined 84,057.16 golles ($150,000 US dollars based on this week's exchange rates) by the Vema Seamount Authority after the vessel ignored calls by the Mount Vema Maritime Authorities to leave the Vema Seamount territorial waters… read more
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Intelligence Agency warns of stitch up operations by foreign agentsJune 14, 2019 - RISS, the overseas intelligence agency of Mount Vema, has issued a statement today, advising Mount Vema companies, and government agencies to be extra careful until further notice, after reliable intelligence indicates that there are forces at work manipulating a situation so that the Vema Seamount Authority is placed at a disadvantage… read more
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1 billion golles announced to support trade with Southern Africa
June 02, 2019 - The Government announced 1 billion golles to support trade with Southern Africa as part of a new regional development initiative and financial plan for Mount Vema registered firms doing business... read more
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Mount Vema fines Japanese vessel $446,000 US dollars for illegal fishing
May 25, 2019 - Japanese fishing vessel KINEI MARU NO.85 has been fined 250,000 golles ($446,362.50 US dollars based on this week's exchange rates) by the Vema Seamount Authority after the fishing vessel was fishing illegally within... read more
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Government ready to sign contracts worth more than 500 billion gollesApril 6, 2019 - His Mount Vema Majesty's Government is now officially inviting interested parties to submit tenders through Procurement Notices, to supply goods, services, works and utilities, including design and build proposal... read more
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Government changes policy on corporate tax, income tax and pension rulesBusinesses and residents will now be charged 10% corporate tax and 5% individual income tax in Mount Vema according to a new policy introduced by the government this week. The policy also includes a new rule on pension... read more
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5% Stamp duty introduced to help finance the City’s infrastructuresA 5% duty on all property transactions off-plan was introduced by the Government today as a temporary policy to raise more than 10 billion golles in foreign exchange within a period of five years to help finance the construction of... read more
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Government confirmed plans to build processing factories overseasHis Mount Vema Majesty’s Government has confirmed this weekend that Mount Vema will go ahead with plans to build food processing factories and distribution centers from April this year to support the country’s... read more
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Full international health insurance approved for Mount Vema citizensAll Mount Vema citizens are now entitled to international medical insurance according to a statement issued today by His Mount Vema Majesty’s Government. The Mount Vema International Medical Insurance will... read more
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Vema Seamount Settled Land Act becomes law of the territoryThe ‘Settlement (Vema Seamount Settled Land Act) Mount Vema 2019’, has come into operation today, as Order No.20 SI/MV2019/20, in accordance with the 2006 Declaration of Sovereignty, after receiving the... read more
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Law of Property (Vema Seamount) Act, 2019 comes into operationOrder No.19 SI/MV2019/19, Law of Property (Vema Seamount) Act, Mount Vema 2019 came into operation to make provisions related to conveyancing and the law of property in the Kingdom of Mount Vema (Vema Seamount Territory)… read more
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Mount Vema ready to process Golle-payments in 130+ currenciesAlthough the currency of Mount Vema is a nonconvertible currency, used primarily for internal/domestic transactions and not openly traded on a world forex market, other than the Gollexi. The Bank of Mount Vema announced... read more
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Mount Vema passport to rank one of the most powerful by 2025Seven years from now, you will need to invest more than $1 million USD (about 500,000 golles) to entitle you to residency and full Mount Vema citizenship. That is more than what you need now, as a property investment... read more
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Powers of Attorney (Vema Seamount) Act, 2019 comes into operationThe Powers of Attorney (Vema Seamount) Act, Mount Vema 2019 has come into operations today as Order No.18 SI/MV2019/18 just hours after the Royal Mount Vema Seal of Approval was granted. Made: 17th of... read more
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Reciprocal Enforcement (Foreign Judgments) Act comes into operationThe Reciprocal Enforcement (Foreign Judgments) Act, Mount Vema 2018 comes into operation today after receiving the Royal Mount Vema Seal of Approval. The Act is the 17th legislation to enter the statutory books of the... read more
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Foundation Infrastructure Act, Mount Vema 2018 comes into operationThe Foundation Infrastructure legislation of Mount Vema made on 4th of December, in accordance with the Vema Seamount Declaration of Sovereignty 2006, comes into operation today after receiving the Royal Mount Vema Seal... read more
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