Nicaragua: 54% of Jobs Recovered

In the last six months 25,000 of the 46,000 jobs lost between 2008 and 2009 have been recreated.

Wednesday, August 4, 2010

José Adán Aguerri, president of Nicaragua's Private Business Council (COSEP), indicated that the greatest recovery was seen in free-trade zones and in the farming and construction sectors.

The executive told that, "by the end of 2010, 10,000 additional positions are expected in free-trade zones due to the US economic recovery since large companies have renewed contracts with Nicaraguan textile exporters".

Market Intelligence

Everything about exports and imports in Nicaragua.

Top companies - Quantities, amounts and prices.

more info

More on this topic

More Investment in Textile Industry in Nicaragua

February 2013

Hansae, a textile company founded on South Korean capital, will later this month open the new "Gilberto Cuadra" industrial park, investing $12 million in equipment.

According to Joseph Adam Aguerri, president of the Superior Council of Private Enterprise (COSEP), the company will begin its work in late February in Niquinohomo, Masaya, generating initially one thousand jobs, however it is expected that in the next 90 days the number will rise to 3000.

Free Zones in Nicaragua Growing

March 2012

The growth is reflected in the steady growth in employment in production firms operating under the regime, which together exceed 100 thousand jobs.

The number of employees in factories in free zones reached 103,000 people in March, a record for the sector in Nicaragua, said Alvaro Baltodano, President of the National Free Zone Commission, CNZF. There are 68,019 employees in the textile sector alone.

Nicaragua: $ 2 Million for Labor Laws

October 2010

The amount donated by the U.S. is for project "Better Work" which links the application of labor laws and international trade opportunities.

The Secretary of Labor of the United States, Hilda Solis, said that with this project, "Nicaragua joins the countries which accept what is considered a gold standard for the enforcement of labor rights in the textile and clothing sector."

Business nervous over closing of Nicaragua's maquilas

June 2008

An announcement about the closing of various plants of the international consortium Nieng Hsing has raised anxieties in Nicaragua's business community about the future of the free trade zone and its 14,000 workers.

Nieng Hsing, which has operated in Nicragua since the 1990s, has already closed five of its plants.

 close (x)

Receive more news about Economics

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Costa Rica Coffee Farm and Development Property

Sustainable 70 Acre Coffee Farm, San Ramon, Costa Rica Coffee Estate, development property with 20 titled lots, ready to develop with roads, water, power. Great Location, close to everything
Ideal area for living or developing an ecologically...


Stock Indexes

(Jun 23)
Dow Jones
S&P 500


(Jun 23)
Brent Crude Oil
Coffee "C"