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Russia heads to ‘America’s backyard’ to find salve for sanctions

Posted on: Mar 27 2015 - 5:24am | #0
In: Nicaragua News, The Canal
Nicaragua Today
Nicaraguan President Daniel Ortega (l.) greets Russian Foreign Minister Sergey Lavrov during his arrival for a meeting at the presidential house in Managua, Nicaragua, Wednesday.

Foreign Minister Sergey Lavrov visited several Latin American nations this week to seek trade opportunities that could offset US efforts to puncture Russia’s economy.   TODAY NICARAGUA (Moscow) — Russia took its global charm offensive to Latin America this week, as the Kremlin seeks to counter Western sanctions over its policies in eastern Ukraine and Crimea. Over the past few days, Foreign Minister Sergey Lavrov reassured Cuba of ongoing support, denounced US sanctions against Venezuela, and even suggested Russia might be willing to take part in building a Nicaraguan rival to the Panama Canal. Rumors of Russian arms supplies to several countries in the region have prompted expressions of alarm in Washington. Mr. Lavrov’s...

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Nicaragua Military Court Sentences Lieutenant for Criticizing Army

TODAY NICARAGUA – A Nicaraguan military court judge on Friday sentenced an army lieutenant to 3½ months in prison for criticizing the armed forces’ role in cracking down on civilians during protests against a Chinese company’s project to build a canal across the country. Judge Efrain Garcia issued the sentence for conduct unbecoming an officer...

Posted on: Mar 26 2015 - 3:52pm | #0
In: Nicaragua News
Nicaragua Today
Playa Sardina, on the Pacific coast, will host the World Surfing Championship.

Nicaragua World Surfing Competition Encourages Tourism

TODAY NICARAGUA – From May 31st to June 7th, 2015 Sardina beach, on the Pacific coast, will host the World Surfing Championship. For...

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Nicaragua Among Where to go in 2015 Destinations

TODAY NICARAGUA – Before you book tickets to the same old, familiar resort, the Boston Globe asks your to consider these up-and-coming...

Nicaragua To Reduce Electricity Rates

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TODAY NICARAGUA – The Ortega administration has attended to the demands of the real estate sector and sent to the Assembly a bill, Ley de Variación de la Tarifa de...

Nicaragua Loses Competitiveness Because of Energy Rates

Photo José Adán Aguerri

TODAY NICARAGUA – Employers say the country is losing competitiveness compared to the rest of the region as it has not seen downward adjustments in electricity rates. Already there have been several talks with government on reducing energy prices, but still no response has been received from the requests of the Superior Council of Private Enterprise (COSEP). Cosep’s President...

Nicaragua Journal

Thirty years ago, El Cuá was home to just 3,000 people. Since electrification, it has thrived: around 40,000 people live there now and they enjoy a higher standard of living. (Lucas Laursen)

Nicaragua’s Bottom-Up Rural Electrification

  TODAY NICARAGUA – For more than three decades, a group of engineers has been transforming the municipal region...


Oil Exploration Agreement in Nicaragua

Posted on: Mar 24 2015 - 9:40am | #0
In: Nicaragua News
Nicaragua Today
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TODAY NICARAGUA – The Nicaraguan Oil Company has signed a cooperation agreement with a Canadian company for exploration of oil and gas. Following the agreement signed between the company EastSiberian Plc, belonging to TMX Group in Canada and the National Oil Company of Nicaragua (Petronic) the Ministry of Energy and Mines has been approached in order to start negotiations for the subsequent signing of concession contracts. Elnuevodiario.com.ni reports that “… Graeme Phipps, president of EastSiberian, confirmed the Canadian news on the CNW website, and stated he felt ‘very pleased to have reached this important first milestone in the efforts to obtain oil concessions in Nicaragua’. ” “… This, according...

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Nicaragua Approves Tourism Incentives for US$16 million

TODAY NICARAGUA – A hotel in Estelí is part of the projects that will benefit from the tourism incentives approved by the Nicaraguan Institute of Tourism so far this year. From a statement issued by the Nicaraguan Institute of Tourism (INTUR): TOURIST BOARD APPROVES OVER 10 MILLION DOLLAR INVESTMENT FOR TOURISM INCENTIVES Over 10 million dollars has been...

Posted on: Mar 20 2015 - 6:55am | #0
In: Nicaragua News
Nicaragua Today

Nicaragua Import of Appliances Up 21%

Posted on: Mar 16 2015 - 12:04pm | #0
In: Nicaragua News
Nicaragua Today
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TODAY NICARAGUA – Increased access to credit in 2014 boosted imports of appliances such as refrigerators, televisions and washing machines, which totaled $121 million, 21% more than in the previous year. Greater access to credit both through banks and trading companies selling the appliances is the main reason for the sharp increase in imports of these products. The economist Alejandro Arauz told Laprensa.com.ni that “… 60% of the rise in the import of appliances is due to the aggressive strategy with the distributors of these products giving affordable loans, coupled with the increasing penetration of the telecommunications market. Imports are growing and on the other hand sales are also growing because there is an aggressive...

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Gobierno Abierto “De Mentirillas” (Open Government is “Fictional”)

TODAY NICARAGUA – Many of the officials working in Central American governments are annoyed at the idea of the information they handle being accessible to citizens, and one way or another, they are impeding its availability. “- Send a letter to the Mrs Fulana (the equivalent of Mrs. Smith), the person who is in charge of authorizing the release of information...

Posted on: Mar 12 2015 - 3:48pm | #0
In: Nicaragua News
Nicaragua Today
Latest news and features from Nicaragua in English: business, politics,life