Governments have agreed to promote investments in binational fishing projects in the maritime waters of the Central American country.
A further agreement strengthens the economic relationship between Russia and Nicaragua, this time to promote binational investment and improve technologies in fisheries projects.
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."
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.
Investments by Costa Rican companies in their neighboring country went from $2.43 million in 2010 to $67.7 million in 2013.
Installation of production facilities, maquila subcontracts or transfer of part of the production process are part of the investment models that Costa Rican businessmen are utilizing in order to minimize the negative effects of the high production costs prevalent in Costa Rica and to stay competitive at the level international.
There are 285 multinational companies operating in the region, employing more than 87,000 bilingual people.
The figure was revealed by Javier Chamorro, executive director of ProNicaragua, during the Central American Nearshore Summit 2013, which is being held in the Central American nation.
"Costa Rica and Guatemala are the two nations that have attracted the largest number of companies in the outsourcing industry, with a total of 191.
Businessmen of Nicaragua and Costa Rica have made assurances that conflicts between governments are not affecting business and investment.
An estimated 300 Costa Ricans living in Nicaragua work in their own companies or manage companies from this or other countries. "In 2012, Costa Rica was in eighth place in the FDI in Nicaragua ranking, with $110 million, according to the Investment Promotion Agency of Nicaragua", reported Nacion.com.
An article in the Financial Times notes that Managua should be considered as a strategic place to invest in.
"The intelligence division of the Financial Times this week published its ranking on the American cities of the future and found that Managua in Nicaragua, one of the poorest countries in Latin America, should be considered as a strategic place in which to invest," reported Elnuevodiario.com.
From 5 to 12 April 2013, 40 Dutch entrepreneurs and investors will be exploring investment opportunities in infrastructure, water works and alliances between companies.
Within this mission from the Netherlands are businessmen and bankers from the agribusiness sector, who are seeking opportunities with entrepreneurs from seven municipalities of the country through business conferences.
The initiative Finnpartnership's Matchmaking Service will be presented in Nicaragua, a development which facilitates links between companies from developing countries and the Nordic country.
With the help of intermediary services from Finnpartnership, companies and organizations in Finland and developing countries can seek business partners and business opportunities and cooperation.
Representatives of the Government of Nicaragua have made assurances that the tax reform will not affect the incentives announced in the FTZs.
The presidential delegate for the Promotion of Investment and Trade Facilitation, Alvaro Baltodano said, "What's in free zones, stays as it is, it will not change."
"'Remaining intact, that is what we are working on in order to see how the tax reform will work, but free zones will remain unchanged, everything that is in a free zone, stays as it is, it will not change", said Baltodano , who participated this morning in a forum with foreign investors", reported Elnuevodiario.com.ni
Most notable are the opportunities in agriculture "because there is a lot of land" for production in sectors such as cocoa, rubber, oil palm and sugar.
A delegation of businessmen and government officials from Nicaragua will meet with Guatemalan entrepreneurs from the agricultural sector in order to persuade them to invest in their country.
"We have opportunities for crops such as cocoa, rubber, oil palm and sugar.
In order to optimize the productivity of the dairy sector, the government is looking to attract investment from countries in Latin America.
The Chief Executive Officer from the Official Agency for Investment Promotion (ProNicaragua), Alvaro Baltodano, noted that discussions are ongoing with a delegation of investors from Argentina, without giving further details.
The Government is emphasizing the understanding and agreement between employers, workers and officials on issues like the minimum wage.
Nicaragua seeks to position itself as an attractive and reliable place for foreign investment and to attract innovative projects, states the investment promotion agency ProNicaragua, which is preparing three business forums this year.
The project attracting the most attention from Italian road building companies was the coastal road on the south coast, being seen as a hub of tourist development.
During the Encuentro Empresarial (Business Meeting) between Nicaragua and Europe, Italian and Spanish investors expressed their interest in investing in the tourism sector.
Regarding this subject the head of the Nicaraguan Institute of Tourism (Intur), Mario Salinas, noted that companies are primarily interested in the construction industry, specializing in transportation projects.
TechShoes, a company of Brazilian origin, will establish itself under the tax free zone in Nicaragua.
A new investment comes to the shoe making industry in Nicaragua, where foreign companies are already engaged in the production and export of footwear.
Now is the turn of Techshoes, which will invest $10 million in the first stage and expects to create around 1200 jobs over the next eighteen months in the area near the road from Tipitapa to Masaya.
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...