Spanish Company Looks to Invest in Nicaragua

Globaltec Engineering, a business management and project implementation company, is analyzing investment options in the Nicaraguan market.

Monday, January 31, 2011

Company executives held meetings with representatives of the Union of Agricultural Producers of Nicaragua (UPANIC), analyzing possible investments in the agricultural sector.

Antonio Luque, Globaltec representative, told ACAN-EFE that Globaltec plans to open an office in Nicaragua to promote investments that will improve the productivity of the agricultural and livestock sector in Nicaragua. This will be conducted jointly with UPANIC and other agricultural entrepreneurs.

More on this topic

Agricultural Congress in Nicaragua

October 2015

On November 3rd and 4th entrepreneurs in the agricultural sector will be meeting in Managua to discuss issues such as adaptation to climate change, production systems and soil management.

The Second National Agricultural Congress organized by the Union of Agricultural Producers of Nicaragua (UPANIC) will be held at the Crowne Plaza Convention Center in Managua.

NO to Removal of Agricultural Exemptions

May 2012

Nicaraguan agriculture businesses are warning the Government that abolishing tax benefits would increase costs in the sector and raise food prices.

In Nicaragua, imports of all raw materials and agricultural inputs for agricultural use are exempt from the 15 percent Value Added Tax (VAT). The government has announced plans to eliminate them.

Former Salvadoran President Announces Investments in Nicaragua

January 2011

Elias Antonio Saca announced his interest in expanding his media business in Nicaragua.

Without giving information on size of investment, he told a local TV station, "Our companies will begin a phase of investment in Nicaragua."

"Saca, who participated last night in a meeting between the government of Daniel Ortega with representatives of the Superior Council of Private Enterprise (COSEP) of Nicaragua, said it will invest in this country on radio, 'which is basically what our family businesses do', "according to ACAN-EFE.

$30 Million for Panamanian Agriculture

October 2009

The agricultural industry is confident it will return to profitability with these investments.

$11 million will be given as extraordinary loans for rice and corn growers from Coclé, Herrera and Los Santos, for the 2009/10 harvest.

Rubén Campos, general manager of the Agricultural Insurance Institute, told that "they have approved bails up to $1.700.000 for growers from diverse sectors".

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