From the statement of the Association of Producers and Exporters of Nicaragua:

October 15th, 2018. Given the presentation and next discussion in the National Assembly of the Initiative of the Creative Law of the Nicaraguan Company of Imports and Exports (ENIMEX), we consider that, as was presented, is subject to any interpretation that mainly generates uncertainty, therefore, affects investment and employment, since it is not clear the reason for its existence beyond the vague statement of the motive with which we could partially agree.

This law initiative has generated much concern among producers and exporters of various types, since it seems like a return to the 80s when the government had a monopoly on imports and exports, with the consequent negative results in the economy.

Read full statement (in Spanish).

More on this topic

Energy: Dumping in Nicaragua

February 2020

The private sector believes that Ortega's creation of new state-owned companies to exploit oil and import and market gas and fuel will generate dumping in the country.

On February 11, the Law creating the Nicaraguan Gas Company (Enigas), the Law creating the Nicaraguan Company for hydrocarbon storage and distribution facilities (Eniplanh), the Law creating the national company for the exploration and exploitation of hydrocarbons (ENIH) and the Law creating the Nicaraguan company for the import, transportation and commercialization of hydrocarbons (Enicom) were approved as a matter of national urgency.

More Control over the Energy Market

February 2020

Through the creation of four new state-owned companies, President Ortega seeks to control the exploration and exploitation of oil in Nicaragua, as well as the import, storage, distribution and marketing of gas and fuels.

With the approval of the law initiatives, the government seeks to transfer the control that Alba de Nicaragua S.A.

Costa Rica: Government to Sell Electric Kitchens

September 2019

Instead of focusing on being more efficient in its lines of business and stop generating losses, the Costa Rican Electricity Institute will now focus on marketing electric kitchen templates for residential use.

Directors of the Costa Rican Electricity Institute (ICE) stated that after evaluating consumers' purchasing intentions and conducting a financial and risk analysis, they concluded that the launch of the product, called induction templates, in the Costa Rican market is justified.

NO State Intervention

October 2018

Arguing that the law of creation of the Nicaraguan Company of Imports and Exports attempts against free market, the business sector demands to abolish the proposal.

The Superior Council of Private Enterprise (Cosep) strongly opposes the approval of the Law that aims to create the Nicaraguan Company of Imports and Exports (Enimex), which would allow the State to conduct commercial transactions.