pronicaragua Latest News

Nicaragua is currently present at the 25th Edition of the Special Coffee Association of America (SCAA) event, the largest coffee trade association in the world, held in the Boston Convention Center, Massachusetts from April 11th to the 14th.

Coffee reclaimed its former position at the top of Nicaragua’s export list in 2012, accounting for US$519 million in sales last year.

PRONicaragua representatives attended the I Conference for Global Investors titled “Central American Advantage Investment Symposium – Managua 2013”, organized by Gran Pacifica Resort.

Thirty-six entrepreneurs representing 25 companies from Mexico to Chile arrived in Managua, Nicaragua this week for the start of Agora Partnerships’ Entrepreneur Retreat, a four-day kick-off to Agora’s Impact Accelerator.

Nicaragua will be presenting its mining opportunities in this year’s Prospectors & Developers Association of Canada (PDAC) Convention, after its successful participation in the world’s leading mining event in 2012.

PRONicaragua will be participating in the Regional Summit of the Caribbean’s Investment Promotion Agencies (IPAs) with the objective of exploring strategic approaches for increased collaboration between investment promotion agencies.

Joya de Nicaragua, a family owned, Nicaragua-based cigar factory that handcrafts traditional cigars for the premium luxury cigar market, recently announced the release of its latest creation “Cuenca y Blanco”.

World-class beach resort will offer guests pampering along with authentic experiences in Nicaragua.

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”.

The World Organization for Animal Health (OIE, for its acronym in French) will submit Nicaragua for approval to obtain the status of “country with controlled risk” from the bovine spongiform encephalopathy disease, also known as mad cow disease.

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.

Nicaragua recently held the fifth edition of the EuroFair, with the objective of diversifying and developing trade relations between the country and the European Union.

Guacalito de la Isla, the newest luxury development on Nicaragua’s Emerald coast, is continuing to develop into the region’s most exclusive resort. Plans include a future air landing strip as well luxury homes with oceans views ready in 2014.

PRONicaragua was invited as guest speaker earlier this month to the CAIPA Investor Facilitation Training in Kingston, Jamaica, to talk about good investment facilitation practices and provided an overview of the work the agency has been doing.

The Food and Agriculture Organization (FAO) of the United Nations recognized Nicaragua’s great efforts in the fight against hunger, FAO Director-General, José Graziano da Silva recently told Nicaragua’s Foreign Minister Samuel Santos López.

PRONicaragua was present at the 2013 SAE World Congress, the essential automotive technology event that took place in Detroit last week, offering an array of network opportunities with industry experts and international companies.

This April, PRONicaragua visited Taipei to promote the country’s competitive advantages in its key economic sectors at a seminar on trade and investment opportunities in Nicaragua.

Nicaragua ranked among the 11th largest apparel supplying countries to the United States in terms of volume and the 12th largest in value in 2012.

A cooperative agreement was recently signed between Nicaragua and the Netherlands in order to facilitate and promote business and trade opportunities between the two countries.

Nicaragua will be a sponsor at this year’s Nearshore Nexus conference, to be held at the Jersey City Hyatt Regency in New Jersey this April 24th. This is the second consecutive year that the country participates in this premiere outsourcing event.

Nicaragua is currently present at the 25th Edition of the Special Coffee Association of America (SCAA) event, the largest coffee trade association in the world, held in the Boston Convention Center, Massachusetts from April 11th to the 14th.

Nicaragua’s capital Managua made the third position in the Foreign Direct Investment (FDI) Strategy category of American Cities of the Future 2013/14 ranking, published by fDi Intelligence, a division of The Financial Times.

The Representative of the Inter-American Development Bank (IDB) in Nicaragua, Carlos Melo, recently applauded the successful execution of programs and projects financed by this institution, highlighting the positive results perceived by...

Latin America’s first academic observatory, the Neil Armstrong observatory, was inaugurated on February 22nd at the Pierre and Marie Curie School in Managua,...

According to Mario Salinas, President of INTUR, over 51 thousand tourists visited the country during Holy Week, generating tourism receipts of up to US$40 million during this...

The Central Bank of Nicaragua (BCN, for its acronym in Spanish) recently stated in its Annual Report that Nicaragua’s economic growth reached 5.2 percent in 2012, indicating the country’s excellent economic performance during the year.

Nicaragua recently conducted its first commercial transaction using the Unified System for Regional Compensation (SUCRE, for its acronym in Spanish), a proposed currency to be used in commercial exchanges between members of the Bolivarian Alliance for...

PRONicaragua, the official investment and export promotion agency of Nicaragua, will participate in Nearshore Nexus, the premier outsourcing conference focused on Latin America IT services and BPO, which will take place in New Jersey on April 24th.

Wyndham, the world’s largest hotel company with over 7,340 hotels and part of Wyndham Worldwide Corporation, recently signed a franchise deal with Nicaragua’s Milagro del Mar to open a Wyndham Hotel and Resort on the country’s Pacific Coast.

A Mexican trade committee from Nuevo León recently visited the country with the objective of reinforcing trade business and academic exchanges between Nicaragua and Mexico.

One of the highlights of the country’s participation in the event will be the seminar entitled “Nicaragua: Discover the Mining Opportunities”, scheduled for the morning of Tuesday, March 5th in Room 205DC of the Metro Toronto Convention Centre.

Centro Empresarial Pellas, a non-profit organization founded by the Grupo Pellas business conglomerate, is currently leading a new tourism project in the municipality of San Marcos, Nicaragua.

A high level investment and trade mission from the United Kingdom will be visiting Nicaragua this week for a busy program of meetings with Ministers, officials and senior business leaders.

In 2012, the growth rate of tourist arrivals in Nicaragua exceeded 11 percent, up to the month of October, compared to 2011. This number is expected to increase during 2013.

Coffee reclaimed its former position at the top of Nicaragua’s export list in 2012, accounting for US$519 million in sales last year.

PRONicaragua representatives attended the I Conference for Global Investors titled “Central American Advantage Investment Symposium – Managua 2013”, organized by Gran Pacifica Resort.

A recent poll by CID Gallup Latin America showcases Nicaragua as the only country in Central America where the majority of its citizens consider the country is headed in the right direction.

“Nicaragua is blessed with extraordinary beauty, but you can't [attract luxury travelers] without an anchor, a world-class place.”

Thirty-six entrepreneurs representing 25 companies from Mexico to Chile arrived in Managua, Nicaragua this week for the start of Agora Partnerships’ Entrepreneur Retreat, a four-day kick-off to Agora’s Impact Accelerator.

Nicaragua’s national police recently stated that in 2012, the country reduced its criminality levels by 9 percent and its violent deaths by 8.5 percent.

Managua, Nicaragua’s capital city, was recently added to Tholons’ list of Top 100 Outsourcing Destinations, thanks to its improved infrastructure, competitive costs, a skilled bilingual workforce and an attractive geographical location.

The agreement, called the Free Zones Minimum Wage Tripartite Agreement, sets annual salary increases of eight percent for the 2014-2017 period for employees working within the country’s free zones sector.

Nicaragua will be presenting its mining opportunities in this year’s Prospectors & Developers Association of Canada (PDAC) Convention, after its successful participation in the world’s leading mining event in 2012.

Nicaragua has one of the most aggressive renewable energy goals in the world — it intends to have 94 percent of its electricity come from renewable energy by 2017.

Nicaragua will soon become the first Central American country to start exporting pitahaya or dragon fruit to the United States.

PRONicaragua recently announced that a U.S. trade mission that visited the country last week has stated their purchase intention of over US$3 million in Nicaraguan agricultural products.

Nicaragua is currently participating in the Latin American and the Caribbean (LAC) Offshoring and Outsourcing Summit, whose objective is to promote the development of the outsourcing and offshoring industry in the region.

Millknit Industries, a U.S.-capital textiles company, will begin operations in Nicaragua in 2013, manufacturing fabric for apparel companies established in the country’s free zone sector.

PRONicaragua will be participating in the Regional Summit of the Caribbean’s Investment Promotion Agencies (IPAs) with the objective of exploring strategic approaches for increased collaboration between investment promotion agencies.

White Shark Media, a digital marketing agency, recently opened offices in Nicaragua, becoming the biggest Google Certified Partner Company in Central America.

Joya de Nicaragua, a family owned, Nicaragua-based cigar factory that handcrafts traditional cigars for the premium luxury cigar market, recently announced the release of its latest creation “Cuenca y Blanco”.

The 2012-2013 edition of the Doing Business in Nicaragua Guide was recently published in order to promote and facilitate national and foreign investment in the country.

Milagro del Mar Beach & Golf Resort resumed construction this week on its luxury beachfront condominium project, which will soon become the first major hotel brand to open on Nicaragua’s Pacific coast in more than 20 years.

Nicaragua recently participated in the Inter-American Competitiveness Network (RIAC, for its acronym in Spanish) organized by the Annual Americas Competitiveness Forum (ACF) in the city of Cali, Colombia.

World-class beach resort will offer guests pampering along with authentic experiences in Nicaragua.

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.

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.