Nicaragua Has Surplus of Cow’s Milk

TODAY NICARAGUA - Improved productivity and increased industry inventory due to fears of the drought affecting production have led to an oversupply which processing plants are finding difficult to cope with. Although the dairy sector...

Nicaragua Orange Exports are Growing

  TODAY NICARAGUA NEWS - In the first ten months of the year orange exports were up 35% in value and 54% in volume compared to the same period in 2015. The improved results, thanks to...

Taxes on Textiles and Footwear Companies in Nicaragua

NICARAGUA BUSINESS NEWS - The amendment to the Law on Tax Coalition sent by the Executive to the Assembly repeals the exemption from VAT on domestic production of clothing and footwear. If the reform is...

Mexico’s Grupo Lala Buys Eskimo in Nicaragua

TODAY NICARAGUA - The Mexican group has announced an agreement to acquire all the assets of Eskimo and its subsidiaries in Nicaragua and the rest of Central America, without disclosing the amount of the...

Nicaragua: International Cooperation Taxes for Private Companies

NICARAGUA NEWS -- With the reform of the Tax Coalition Act only international cooperation funds for projects agreed by the Executive will be exempt from taxation. The project to amend the Law on Tax Coalition...

Nicaragua Automotive Spare Parts Business is Growing

In 2016 the imported value of spare parts for vehicles totaled $37 million, 9% more than the imports recorded in 2015. Figures from the information system on the Auto Parts and Accessories Market in Central...

Bamboo Production Industrialized

TODAY NICARAGUA - A company dedicated to the cultivation and processing of bamboo plans to increase the number of hectares planted in 2015 from 2,400 to 3,000 and produce bamboo fiber for industrial purposes. In...

Nicaragua: Inflation 6.43% in 2014

TODAY NICARAGUA - In December 2014, the consumer price index recorded a monthly decline of 0.07%, closing the year at 6.43% above the inflation of 5.67% registered in 2013. From a report by the Central...

Nicaragua Companies Train their Technicians

TODAY NICARAGUA NEWS- Lack of technically skilled labour is forcing some companies to bear the cost of training their employees. Food technology and industrial electronics courses haven arisen precisely in response to the needs of...

Nicaragua Appliance Imports Down 10%

Between January and September of this year, imports of durable consumer goods such as televisions, washing machines, refrigerators and telephones dropped by 10% compared to the same period in 2016. Figures from the Nicaragua Central...

Nicaragua: Bank Credit Up 21.5%

NICARAGUA NEWS -- At the end of June the credit portfolio of the banking system recorded an increase of 21.5%, with loans to the commercial sector, personal and industry seeing the most demand.Despite being...

Nicaraguan Exports Increase

NICARAGUA BUSINESS NEWS - Nicaraguan exports reached US$ 1.9 billion in 2014, exceeding by more than seven percent the amount achieved last year, according to a report released today. The director of the Center for...

Nicaragua Economy Grew 4.7% in 2014

TODAY NICARAGUA - The fastest growing sectors were transport and communications, with 7.4%; personal and business services with 5.9%; trade, hotels and restaurants, 5.5%; Manufacturing 5%, and agriculture, 4.4%. From a statement issued by the...

Nicaragua: Tax Exemptions Maintained

NICARAGUA NEWS -- With the consent of the private sector, the government has announced that it will remove from the Tax Coalition Law the article which establishes and end to exemptions on 31 December...

Colombia, Central America and the needle trade

TODAY NICARAGUA - Two Colombian textile and apparel sector companies are expanding in Central America, with the expectation of creating some new 1,700 jobs, mostly in Nicaragua, the result of a US$8 million investment...

New Business Opportunities for Nicaragua and Colombia

TODAY NICARAGUA - Paper and machinery are some of the goods that nicaraguan businessmen plan to import in large amounts with the upcoming elimination of the "patriotic" tax of 35% on colombian products. The decision...

More Supermarkets and Convenience Stores

(Today Nicaragua) The number of convenience stores in the country is growing in response to increased purchasing power and a gradual change in consumption patterns. The number of supermarkets operating in the country increased from...

Nicaragua: Wage Linked to Productivity

TODAY NICARAGUA - The business sector in Nicaragua has suggested that in addition to inflation and economic growth the level of productivity of workers should be taken into account when defining salary adjustments. According to...

LAFISE Bancentro Aims To Be First Nicaragua-Based Bank in South Florida

NICARAGUA NEWS -- Banco LAFISE Bancentro aims to be the first Nicaragua-based financial institution in South Florida. Nicaragua's largest bank filed an application on Oct. 24 with Federal Reserve Bank of Atlanta to establish...

LATEST

Real Estate Boom in San Juan del Sur

US$200 million is the figure by which investment in real estate development is estimated to increase between this year and next in the nicaraguan...

Canadians Seek Business in Nicaragua

A group of entrepreneurs from Canada will be visiting the country to explore business opportunities in different areas and present an investment plan for...

Nicaragua: No. 8 In The World’s Best Places to Retire in 2018!

“Where should I retire?” This is the question we hear most often at International Living, and every January we give you our most definitive...

Nicaragua’s “Containment Wall”

(IPS) - Nicaragua’s “containment wall”, aimed at bolstering internal security, has been successful with regard to the fight against transnational crime. But its...

Nicaragua Shelves Canal, Promises Port

Of late there has been little or nothing about the Interoceanic Canada project or Grand Canal in Nicaragua, as the Ministry of Transportation and...

Nicaragua to Pay Costa Rica for Environmental Damage

THE HAGUE – The International Court of Justice ordered Nicaragua on Friday to pay Costa Rica $378,890 for environmental damages caused by its troops...

Fuente Will Once Again Make Cigars in Nicaragua

Arturo Fuente, known for its Dominican cigars, has announced plans for a new cigar factory in Estelí, Nicaragua. It is called “Gran Fabrica de...

Forget Costa Rica — here’s Central America’s new star

(NYPost.com) New Yorkers rarely stop to rest. Last year, I diagnosed myself with chronic over-scheduling: 12-hour work days and social events that led to...

5.0 Quake Hits Masachapa, Nicaragua

An earthquake measuring 5.0 on the Richter scale jolted 76km SW of Masachapa, Nicaragua at 19:06:04 GMT on Sunday, the U.S. Geological Survey said. The...

Nicaragua’s Earthquakes

Yes, there are earthquakes in Nicaragua, but generally, they are small ones. In general, the earthquakes that experienced in Nicaragua are so weak that...