Nicaragua News

Vacation in tropical luxury and enjoy morning yoga sessions outdoors overlooking the harbor of San Juan del Sur. Like to sleep a little later? Schedule private yoga sessions at your convenience. A new series of yoga classes starts February 6, 2012.

The Ministry of Energy announced that Nicaragua recently covered 48 percent of the nation’s energy demand through renewable sources, producing 219.8 megawatts of power through its wind, hydroelectric, biomass and geothermal energy plants.

The Presidential Delegate for Investments received a high-level delegation of officials from the Government of Thailand with the objective of strengthening ties and promoting the development of economic relations between both countries.

The Center for Export Procedures recently stated that Nicaraguan exports reached US$2,130.3 million in the first eleven months of 2011, surpassing total sales in 2010 and reaching record figures.

Augusta Manufacturing, an American company established in Nicaragua dedicated to the production of sportswear for high-value brands, was recently selected to become a supplier for the Adidas brand.

Goodbox, a Taiwanese company specialized in manufacturing printed folding boxes, has confirmed it will be establishing operations in Nicaragua with plans to invest US$5.4 million and generate 4,000 new job opportunities once fully operational.

Solamon Energy Corp. recently announced the company's intention to develop the largest solar array in Central America, comprising five locations across Nicaragua and delivering 100MW of new energy to the grid.

Concentrix, a global business service provider and wholly-owned subsidiary of SYNNEX Corporation (NYSE: SNX), recently announced it has established a world-class contact center in Nicaragua.

Carlos Denton, President of CID Gallup, confirmed in a recently published article, that the Nicaraguan economy not only showed signs of stability after the country’s recent Presidential elections, but also presents great expectations for 2012.

The 2011 Global Location Trends Report, recently published by the IBM Global Business Service, ranked Nicaragua among the global top 25 destination countries, highlighting the significant increase experienced in terms of investment.

According to the IMF, all quantitative performance criteria for June 2011 were met, and the structural agenda has developed as planned.

PRONicaragua, the official investment promotion agency of Nicaragua, recently stated that the country received two foreign business groups this past electoral weekend interested in investing in the country.

A total of 40 European companies coming from Italy and Spain, and numerous foreign investors already established in Nicaragua attended the Nicaragua.Europe event.

Nicaragua’s economic activity has shown high growth rates during 2011, according to the latest economic report published by the Central Bank of Nicaragua

PRONicaragua inaugurated the first business encounter between Nicaragua and Europe titled Nicaragua.Europe 2011, during which a total of 40 European companies attended from countries such as Italy and Spain.

The United Nations Food and Agriculture Organization (FAO), in its latest report, stated that Nicaragua met the first Millennium Development Goal (MDG) by halving its undernourished population, even before the 2015 target date.

The Association of Producers and Exporters of Nicaragua with the support of PRONicaragua organized the launching of the FINPYME ExportPlus Program, whose objective is to benefit approximately 200 SMEs.

The World Bank, in its recently published 2012 Doing Business report, recognizes Nicaragua as one of the 30 countries that presented major reforms this year and showed important advances in several categories.

Ball Horticultural, a U.S. company and one of the leaders in ornamental plants cuttings, announced it will develop a hydroponic project in Nicaragua through its subsidiary company Las Limas, S.A., investing US$15 million and generating 900 jobs.

During the first semester of 2011, Nicaragua was the Central American country with the highest growth in apparel exports (in terms of volume) to the United States, when compared to the same period last year.

Buy a rafflle ticket on Friday night to win dinner with Gioconda Belli supporting Grounds for Heath, reducing cervical cancer in coffee growing regions of Nicaragua. Buy tickets at the PitayaFest rock concert by Cables Pelau at Villas de Palermo.

Free rock concert at Villas de Palermo on February 10, 2012 to support the 2012 Pitaya Festival. Hit Managua band "Cables Pelau" heats up at 8:30PM poolside at Villas de Palermo. Free transportation available from San Juan del Sur.

The Central Bank of Nicaragua stated that the country’s gross domestic product (GDP) increased by 4.7 percent in 2011, the highest growth rate in the Central American region and well above the Latin America and Caribbean average.

Vacation in tropical luxury and enjoy morning yoga sessions outdoors overlooking the harbor of San Juan del Sur. Like to sleep a little later? Schedule private yoga sessions at your convenience. A new series of yoga classes starts February 6, 2012.

The Nicaragua Tourism Board recently reported that over one million foreign visitors came to Nicaragua during 2011, an increase of 8.4 percent over the previous year.

Nicaragua and Russia signed a Bilateral Investment Treaty (BIT) on Thursday, January 26th, with the purpose of promoting and protecting investments between both countries.

Mario Salinas, Minister of Tourism in Nicaragua, recently participated in the Latin American Conference for Tourism Ministers and Businessmen, during which he presented Nicaragua’s competitive advantages and investment opportunities.

Nicaragua is setting a new course towards energy security, reducing its dependence on foreign oil from 80% to 6% within a decade, becoming an international leader in renewable technologies by 2016.

The Ministry of Energy announced that Nicaragua recently covered 48 percent of the nation’s energy demand through renewable sources, producing 219.8 megawatts of power through its wind, hydroelectric, biomass and geothermal energy plants.

As part of Nicaragua’s marketing and promotional activities abroad, the National Tourism Board is currently participating in the 42nd edition of the Vakantiebeurs Fair.

The Presidential Delegate for Investments received a high-level delegation of officials from the Government of Thailand with the objective of strengthening ties and promoting the development of economic relations between both countries.

The Ministry of Agriculture and Forestry (MAGFOR, for its acronym in Spanish) recently announced that Nicaragua’s first 24 thousand quintals of cotton are soon to be cropped.

HEMCO recently announced its plans to invest a total of US$50.5 million in the installation of two renewable energy projects in Nicaragua that will have the capacity of generating 20 MW.

The Center for Export Procedures recently stated that Nicaraguan exports reached US$2,130.3 million in the first eleven months of 2011, surpassing total sales in 2010 and reaching record figures.

Augusta Manufacturing, an American company established in Nicaragua dedicated to the production of sportswear for high-value brands, was recently selected to become a supplier for the Adidas brand.

Goodbox, a Taiwanese company specialized in manufacturing printed folding boxes, has confirmed it will be establishing operations in Nicaragua with plans to invest US$5.4 million and generate 4,000 new job opportunities once fully operational.

Solamon Energy Corp. recently announced the company's intention to develop the largest solar array in Central America, comprising five locations across Nicaragua and delivering 100MW of new energy to the grid.

Concentrix, a global business service provider and wholly-owned subsidiary of SYNNEX Corporation (NYSE: SNX), recently announced it has established a world-class contact center in Nicaragua.

Carlos Denton, President of CID Gallup, confirmed in a recently published article, that the Nicaraguan economy not only showed signs of stability after the country’s recent Presidential elections, but also presents great expectations for 2012.

The 2011 Global Location Trends Report, recently published by the IBM Global Business Service, ranked Nicaragua among the global top 25 destination countries, highlighting the significant increase experienced in terms of investment.

According to the IMF, all quantitative performance criteria for June 2011 were met, and the structural agenda has developed as planned.

PRONicaragua, the official investment promotion agency of Nicaragua, recently stated that the country received two foreign business groups this past electoral weekend interested in investing in the country.

A total of 40 European companies coming from Italy and Spain, and numerous foreign investors already established in Nicaragua attended the Nicaragua.Europe event.

Nicaragua’s economic activity has shown high growth rates during 2011, according to the latest economic report published by the Central Bank of Nicaragua

PRONicaragua inaugurated the first business encounter between Nicaragua and Europe titled Nicaragua.Europe 2011, during which a total of 40 European companies attended from countries such as Italy and Spain.

Punta Teonoste Nature Lodges & Beach Spa announced the launching of a next generation booking engine on their website

The United Nations Food and Agriculture Organization (FAO), in its latest report, stated that Nicaragua met the first Millennium Development Goal (MDG) by halving its undernourished population, even before the 2015 target date.

The Association of Producers and Exporters of Nicaragua with the support of PRONicaragua organized the launching of the FINPYME ExportPlus Program, whose objective is to benefit approximately 200 SMEs.

The World Bank, in its recently published 2012 Doing Business report, recognizes Nicaragua as one of the 30 countries that presented major reforms this year and showed important advances in several categories.

The International Monetary Fund (IMF) recently confirmed that Nicaragua’s economy will grow by approximately 4.0 percent in 2011.

PRONicaragua participated in the eleventh edition of EXPOAPEN, which highlights the diversity and quality of the country's export products, as well as the main investment opportunities.

Cupid Nicaragua, a U.S. apparel manufacturing company specialized women’s underwear and sportswear in general, is currently investing up to US$24 million in the expansion of its operations in Nicaragua.

PRONicaragua recently presented the 2011 edition of the investor guideline titled Doing Business, whose objective is to promote and facilitate national and foreign investment.

Ball Horticultural, a U.S. company and one of the leaders in ornamental plants cuttings, announced it will develop a hydroponic project in Nicaragua through its subsidiary company Las Limas, S.A., investing US$15 million and generating 900 jobs.

The Center for Export Procedures recently stated that the value of coffee exports from Nicaragua increased 39.3 percent in the first 11 months of the 2010-2011 harvest, in relation to the same period last season.

A Taiwanese mission representing the country’s high-tech sector concluded a trade promotion road show to Nicaragua last week, with the aim of finding new markets for Taiwan’s technology products in Latin America.

Wind energy developer Blue Power & Energy has awarded Vestas Wind Systems with the 39.6MW order for the La Fe – San Martin wind power project near Nicaragua’s eastern coast.

Nicaraguan exports in 2011 have registered US$688 million, a 23.28 percent growth when compared to the same period of 2010.

During the first semester of 2011, Nicaragua was the Central American country with the highest growth in apparel exports (in terms of volume) to the United States, when compared to the same period last year.

Nicaragua recently ratified the free trade agreement between Central America and Chile, with the objective of boosting and diversifying bilateral trade and promoting investment.

Nicaragua participated in the Sourcing at MAGIC event , with the objective of showcasing the country as the most competitive, up-and-coming apparel manufacturer in the region.

PRONicaragua recently organized the country’s premier investment forum titled Nicaragua, Let's Grow Together!, which is expected to attract approximately US$200 million in FDI in the upcoming months.

AJEGROUP, a multinational Peruvian company that distributes beverages, recently announced to expand its operations in Nicaragua by reinvesting approximately US$25 million to further distribute its product in the Nicaraguan market.

Nicaragua recently received a high-level delegation from the People's Republic of China with the objective of evaluating socio-economic development projects in Nicaragua.

The Government of Nicaragua signed a Memorandum of Understanding with the development company Andrade Gutierrez to begin feasibility studies for the construction of a modern port infrastructure in the South Atlantic of Nicaragua.

SCA Footwear Nicaragua S.A., a women's footwear manufacturing company, recently inaugurated its plant in Nicaragua, announcing a total investment of US$25 million in the country and generating 3,500 job opportunities since its establishment.

The Investment Promotion and Trade Facilitation Office signed a cooperation agreement recently with theUNCTAD in order to strengthen and foster domestic and foreign investment in Nicaragua through the development of the eRegulations program.

PRONicaragua will be participating in the Centennial Expo of the Republic of China (Taiwan), a multi-sectorial fair whose purpose is to to promote trade and investment between the two countries.

The Government of Nicaragua recently announced that the free zones sector reached a total of 92,000 jobs as of June 30th of this year, establishing a new record.

Nicaragua’s export procedures have been reduced due to the implementation of the Foreign Trade Integration System, which allows exporting companies to process custom procedures and paperwork from the convenience of their offices.