- Paying the bills -

Tourism Nicaragua Approves Incentives for US$96 million

tourismo bn

TODAY NICARAGUA – Between January and November 30th tax breaks for private investment projects were approved as well as 9 public ones, estimated at US$95.7 million, up 125% compared to the same period in 2013.

Added to the approval for incentives for investments worth $US95.7 million are more supplies for tourism, including 12 hotels, adding 283 new rooms. It is expected that by the end of 2014 incentives for investment in tourism will reach $100 million.

- payin the bills -

Elnuevodiario.com.ni reports that “… This year saw the opening in the country of the Holiday Inn Express hotel which cost more than $12 million, and currently under construction is Hyatt Place which could cost US$16 million, and other renovations in hotel infrastructure are also enjoying the benefits of Incentives Act . ”

“… Other private project investment plans include Parque de Aventura Las Nubes in Rivas, La Costeña, Oro Travel,providing transport services, and Molina Tour, among others. Moreover, included in the public projects which the Nicaraguan Tourism Institute decided to support is the restoration of the third stage of Basílica Catedral de La Asunción, in Leon and other sites of cultural interest such as Parque Los Monos, in Matagalpa. ”

Source: elnuevodiario.com.ni

- paying the bills -

Related Articles

Already 29 opponents detained in Nicaragua as Ortega clears the way to the elections

TODAY NICARAGUA - One of the most prominent political analysts in...

2022: A Government with No Legitimacy

TODAY NICARAGUA (Confidencial) Last week, 629 of the 688 European Parliament...

MOST READ

- paying the bills -

Let's Keep This Going!

To be updated with all the latest news and information about Nicaragua and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.