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.
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.
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 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 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.
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