The arrival of foreign investment to the west of the country is being promoted, in places where there are already companies interested in developing the potential for metal mining in the area.
The Mining Chamber of Nicaragua projects growth of 5% in exports this year compared to 2015, driven by a rebound in gold prices internationally and investments in the sector.Sergio Rios, director of the union, also attributed the positive growth projection to the approximate 5% achieved in production.
Investment made by Guatemalan companies in Nicaragua almost tripled between 2014 and 2015, with money mainly going into energy, sugar, palm oil and tourism.
In the past eight years Guatemalan companies have invested $246 million in Nicaragua, according to ProNicaragua.In 2013 the highest amount in the last five years was recorded, with $46 million being invested in the country.In 2014 the amount of investment was only $6 million, while in 2015 it amounted to $16.7 million.
Businesspeople from Santa Catarina are seeking deals in Nicaragua with the support of a $10 billion credit line at 7% granted by the Bank of Brazil.
A trade mission by ProNicaragua intends to visit Brazil in the second half of the year to explore trade and reciprocal investment opportunities in sectors such as agribusiness, said Carlos Virmond, Secretary of International Affairs for the southern state of Santa Catarina in Brazil to Elnuevodiario.com.ni.
From 30th of November to 3rd of December 14 Nicaraguan companies producing food, textiles, handicrafts, meat and grains will visit Panama to explore business opportunities.
The activity is being organized by PRONicaragua and will include the participation of exporters of products such as "... conventional snacks, clothing, roots and tubers, beans, meat, handicrafts, awnings and marquis."
A consortium of national and international agencies has proposed a plan to improve the quality and productivity of Nicaraguan specialty coffees and their promotion in the European market.
The plan entitled "Strategies for promoting specialty coffee in Nicaragua" seeks to replicate successful experiences in financing, technical assistance and technological innovation models, in order to strengthen the production process of small and medium producers.
The project aims to create a free trade zone which will offer offshore financial services and related economic activities.
The Nicaraguan government's proposal to create a free trade zone to provide tax incentives to attract financial sector companies and to exported services from there has raised doubts in some quarters, with accusations being made that the bill evokes the concept of a tax haven. However, ProNicaragua defends the bill, asserting that the goal is to attract investment of greater value, both in finance and other industries.
The start of operations by Lala will have a favorable impact on the conditions of production and quality of milk and stabilize the price of milk for producers.
The start of operations of a plant with capacity to process up to 300 thousand liters of milk per day will result in benefits not only for the production sector, which could sell most of the expressed milk, but also force an improvement in the regional dairy market conditions, infrastructure and production practices related to animal feed, sanitary measures, among other things.
The new plant belonging to the Mexican dairy company Lala has capacity to process 300,000 liters of milk per day and will change the Central American dairy market.
Javier Chamorro, Executive Director of the investment promotion agency, told Confidencial.com.ni that "... That means that the production that Lala uses to enter the entire into the Central American market will come from Nicaragua. We will have an economic effect beyond what is generated when a company merely comes to sell to the local market, because they're going to buy milk to supply the local market, but also it will be sold in Costa Rica, Panama, Guatemala, El Salvador and this how the impact for our producers will be much higher. "
The private sector and the governments of both countries have started talks to put into place the partial agreement which came into force in November 2014.
A Cuban delegation composed of 9 representatives from the government and entrepreneurs from the private sector will be visiting Managua with the aim of coordinating with the Nicaraguan government implementation of the agreement, which establishes the possibility of achieving up to 100% of tariff exemptions on some products.
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PRONicaragua, is the Nicaraguan Investment Promotion Agency, established in 2002. We are a non-profit, public-private institution whose mission is to generate economic growth and job creation in Nicaragua by attracting high-quality foreign direct investment. The Agency provides complimentary support services to qualified investors seeking investment opportunities in our country.
Operates in Nicaragua
Phone: (505) 2270 6400
Generates business opportunities by linking supply and demand of goods and services between Central America and the rest of the world.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (506) 225 4786
We service our customers by helping them in all aspects of the process of establishing businesses in CA also we provide them with business opportunities in the Financial, Comercial and Real estate sectors.
Operates in Costa Rica
Phone: (506) 2272 9650 - (506) 8845 5439