Economic Crisis Already Felt in Nicaragua
Lower demand and prices for the primary products of export have caused the country’s sales revenue to fall by 29%.
Wednesday, February 18, 2009
Ervin Sánchez writes in Elnuevodiario.com.ni: "Information supplied by the Center of Export Procedures is at the same time verifyed in an analysis carried out by the economist Adolfo Acevedo, who is an advisor of the Civil Coordinator. The real fall of exports, according to the analysis on the issue, which was done by Acevedo, began in November 2008, indicating that to September exports were growing strongly in comparison with the same month of 2007."
Nicaragua exported in the first two months of the year 270.4 million dollars, 40.09 percent more than the same period of 2007, the main destinations being the United States and Central America, reported the Center for Export Procedures (Cetrex) government.
The Export and Investment Center (CEI) expects that the country's exports at the end of the current year will reach a total value of $1.5 billion.
General information for investors has been released, in bilingual format, detailing competitive advantages, investment opportunities in strategic sectors, legal and investment incentives.
Nicaragua's exports to Mexico between 1998 and 2010 grew by 400%, but are characterized by very low diversification.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar