Ortega to boost investment in free-trade zones, business sources say

President Daniel Ortega's government told free-trade zone companies that it will promote investment in the sector, according to business sources.

Monday, May 26, 2008

"President Ortega has promised to give us more incentives," said Alvaro Baltodano, president of the Nacional Corporation of Free Trade zones. Baltodano said Ortega had told business leaders that more investment was needed to create jobs.

More on this topic

Nicaragua: Investors interested in western tourism

April 2008

The hospitality, security and the range of tourist attractions in the west of the country has piqued the interest of more than 20 investors from Europe, the United States and Central America who participated in the Tourism Forum called "Invest in Nicaragua: Explore New Horizons!"

The event, sponsored by Nicaragua's Official Agency of Investment Promotion, ProNicaragua, and the Cuenta Reto del Milenio, aims to highlight the potential of tourism of León and Chinadega. The goal is not only to develop new tourism projects but also to create strategic alliances with projects that are already in place.

Guatemala to create Latin America's biggest ecological park

April 2008

The government of Guatemala has proposed development of the biggest ecological and cultural park in Latin America in the northern department of Petén, President Álvaro Colom announced today.

It will be called "Cuatro Noj," which according to the Mayan worldview signifies the four cardinal points on the planet.

Nicaragua: Textile factory opens with American investment

April 2008

Nicaraguan President Daniel Ortega took part today in the official opening of the Codeni textile plant. It was built with 100 million dollars of American capital in the municipality of Sandino City, 10 miles west of Managua.

The clothing manufacturing plant, which covers 57,000 square meters, will make jeans and related products. So far it has created 850 jobs.

New Free Trade Zone in Costa Rica

April 2008

Costa Rican President Oscar Arias Sánchez and Foreign Trade Minister Marco Vincio Ruíz today inaugurated the new free trade zone of the east. Three multinational firms are already taking part: Teletech, TechDada and Countrywide Financial. They employ a total of 1,340 workers.

"Just last year we received 1.885 million dollars from this kind of investment," said Arias.

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