Nicaragua Latest News

Condor Gold recently stated the Ministry of Energy and Mines approved its strategic purchase of the 27 km2 La Mojarra concession, triggering a US$240,000 payment.

The 2013 Doing Business Report, recently published by the World Bank, revealed that Nicaragua improved a position in its overall ranking with positive developments in the Trading Across Borders, and Resolving Insolvency categories.

The Ministry of Energy and Mines of Nicaragua recently unveiled a US$17 million program for the efficiency in national public lighting, as part of an effort to save approximately 35 megawatts of energy per hour.

Nicaraguan businessmen meet in late October with Walter Bastian, U.S. Deputy Assistant Secretary for the Western Hemisphere of the Department of Commerce International Trade Administration, during a competitiveness forum in Cali, Colombia.

Projections demonstrate that Nicaragua will close 2012 with approximately US$1,000 million in terms of FDI.

A publication by the Latin Business Chronicle stated that Nicaragua was the country with the highest index of FDI as percentage of the GDP in Latin America in 2011, with a total of 13.3%, followed distantly by Panama with 9.1% and Chile with 7.0%.

Amigos y huéspedes de Parque Maritimo el Coco, les informamos que ya inicio la 5ta arribada masiva de tortugas marinas Paslamas (Lepidochelys Olivacea) en playa la Flor para el periodo Julio 2012-Enero 2013.

The Center for Export Procedures in Nicaragua, recently announced that between January and September, the country’s exports reached US$2,075.3 million in value and 1.35 million tons in volume.

En Parque Maritimo el Coco, Playa el Coco, San Juan del Sur, Nicaragua, reserve 2 noches al precio de 1 noche para todo el mes de Octubre del año 2012. Valido para todos los dias de la semana y para todas las opciones de hospedaje.

Nicaragua’s EXPOAPEN conference, whose theme is “Marketing and Internationalization”, will be hosting a total of 250 companies from sectors such as textiles, apparel, handcrafts, manufacturing, agriculture, agroindustry and footwear.

The Inter-American Development Bank (IDB) approved US$56.2 million in financing Nicaragua for a program to improve health care, benefitting approximately 2.3 million people living in vulnerable areas.

The Nicaraguan Embassy in Finland held the seminar “Nicaragua, the Right Move for the XXI Century” at the World Trade Center in Helsinki, during which a total of sixty businessmen learned about Nicaragua’s various investment opportunities.

Nicaragua’s Free Zones Commission and PRONicaragua are organizing the “Opportunity Builder”, with the purpose of identifying the potential of bilingual human resource in the region, in order to develop their capacities and English level.

Still dreaming about a perfect beach house right by awesome surf? We're excited to let you know that there is now financing on custom home lots and construction loans within Rancho Santana, a beachfront residential community in Tola, Nicaragua.

The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance arm of the World Bank Group, recently announced it is supporting renewable energy in Nicaragua through a guarantee backing Eolo de Nicaragua S.A.

The Government of Nicaragua and Xinwei, a leading Chinese telecommunications company, subscribed a Memorandum of Understanding (MOU) on September 7th for the financing and development of the Great Canal of Nicaragua.

The Head of the Police Department of Rivas, Nicaragua recently applauded the country’s safety levels, highlighting that Nicaragua ranks as one of the safest countries in Central America according to figures of the UNDP.

The Free Trade Agreement (FTA) between Nicaragua and Mexico entered into force this Saturday, September 1st, with the ratification of three of the six Central American countries.

During Nicaragua’s recent participation in this year’s Sourcing at MAGIC the country successfully promoted its burgeoning textiles and apparel sector, as well as its up and coming footwear industry, to global prestigious buyers and sellers.

Nicaragua’s EXPOAPEN conference will be held on September 28th and 29th, with the objective of promoting export products and facilitating access to new markets.

According to Nicaraguan authorities, wood and wood products exports are expected to reach US$20 million in 2012, a 14 percent increase compared to 2011 figures.

The highlight of Nicaragua’s participation in this year’s August edition of Sourcing at MAGIC will be a special, one-hour seminar titled “Nicaragua's Competitiveness as a Footwear Producer”.

Nicaragua will be participating for a second consecutive year in MAGIC, the preeminent trade event of the international fashion industry, which hosts global buyers and sellers of apparel, footwear and accessories.

Better known as a surf destination, San Juan del Sur, Nicaragua is stepping it up with some new land based adventures like Rapelling, Dune Buggy rentals, Jungle Paintball and a new Yoga Studio making it a quintessential Surf and Turf town.

The Nicaraguan Center for Export Procedures (Cetrex for its acronym in Spanish) estimates the country will export around US$2.7 billion in 2012, if the calculation is correct, this would represent a 15 percent increase when compared to 2011.

Nicaragua recently hosted the ISA World Masters Surfing Championship, which brought together some of the world’s best surfers from 26 countries that participated in this international competition.

PRONicaragua, the official investment and export promotion agency of the Government of Nicaragua, met with 10 Japanese companies operating in Central America and who have expressed interest in investing and expanding in Nicaragua.

Nicaraguan representatives continue to promote the country in this year’s Expo Yeosu, held in the port-town of Yeosu, South Korea, with the objective of showcasing the country’s many tourism opportunities.

Nicaragua will start exporting essential oils to Germany, a product extracted from the sweet pepper leaf used for making perfumes.

The Presidential Delegate for Investment Promotion and Trade Facilitation of the Government of Nicaragua recently participated in a forum with the objective of strengthening economic and commercial ties with the United States.

The Government of Nicaragua, through PRONicaragua, the official investment and export promotion agency of the country, and the Nearshore Executive Alliance inaugurated the first BPO & ITO Investment “The Solution Near You” in Managua, Nicaragua.

XAGRO S.A. Celebrated the opening of Plant #5 in Nueva Guinea, RAAS Nicaragua. The plant will be used primarily to process fresh Malanga Lila, locally known as Quequisque.

Blue Panorama, through its subsidiary Nicaragua Airways, announced it will inaugurate its flight from Rome to Nicaragua’s capital, Managua, on July 11th.

The National University of Engineering of Nicaragua (UNI, for its acronym in Spanish) announced the construction of the Julio Padilla Mendez Technology Park, the second of it´s kind in Central America.

Puma Energy, the international petroleum company that purchased ExxonMobil’s assets in Central America, officially announced its arrival in Nicaragua.

Nicaragua’s first footwear investment forum will be featuring a Footwear Industry Trends panel which will offer perspectives of experts on world footwear trends and the experience of multinational companies sourcing in Nicaragua.

Vestas, a world leader in wind energy, recently signed an order for a total capacity of 39.6 MW consisting of 22 units of V100-1.8 MW turbines located in Hacienda La Fe, Rivas, Nicaragua.

The Inter-American Investment Corporation (IIC) approved a loan of up to US$8 million to Inversiones Hidroeléctricas S.A. for the construction of a run-of-the-river hydroelectric plant on the Upá River in central Nicaragua.

PRONicaragua will be hosting the country’s Business Process Outsourcing (BPO) and Information Technology Outsourcing (ITO) Investment Forum: The Solution Near You! on July 12th and 13th in Managua.

Nicaragua participated in the Latin America Down Under Conference held in Sydney, Australia during May 22nd and 23rd, with the objective of promoting investment opportunities in the country’s growing mining sector.

Nicaragua will be showcasing why it has become an attractive and increasingly competitive footwear production platform during its upcoming investment forum titled Nicaragua, The Right Step!

PRONicaragua recently organized a presentation titled “Seeking New Investment and Business Perspectives in Nicaragua”, with the purpose of showcasing Nicaragua as a viable option for businessmen looking to consolidate their regional presence.

Nicaragua’s investment promotion agency PRONicaragua emerged as the world’s top investment facilitator, becoming the first developing country to do so.

UPS announced the expansion of its ExpressSM Freight service into Nicaragua and Honduras, two emerging economies that hold the United States as their No. 1 trading partner.

Nicaragua will be participating in the International Expo Yeosu Korea 2012, which will be held from May 12th through August 12th, with the objective of promoting the country as an up-and-coming tourism and investment destination.

The Economic Commission for Latin America and the Caribbean (ECLAC) in a recent report stated that Nicaragua was the country with the second highest increase in foreign direct investment (FDI) in the Central American region in 2011.

Frozen Fruit, a fruit processing company of Guatemalan and U.S. origin, recently inaugurated its production plant in Managua, Nicaragua, with the purpose of exporting to the U.S.

The Central Bank of Nicaragua recently revealed that the country’s free zones sector generated 9,355 new jobs during 2011, reaching a total of 100,374 employment positions filled to date.

Globeleq Generation Limited (Globeleq), an emerging markets power generation company, announced the acquisition of the 44 MW Eolo wind turbines project in Nicaragua.

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