Infrastructure such as roads, ports and airports and utilities can now receive private investment.
The law was prepared by the Executive in conjunction with the private sector, represented by the Superior Council of Private Enterprise (COSEP).
Elnuevodiario.com.ni reports that "...The deputy in the Sandinista party Jose Figueroa, a member of the Commission of Economy and Budget, said that this law will allow private investors to be able to receive compensation for their investments, which can be kind of tax incentive."
A value of more than $5 billion has been given to the investment projects that the Ortega administration intends to carry out through public, private and investment partnership deals.
Among the projects proposed by the Nicaraguan government and open to funding proposals are:
The bill submitted by the Executive aims to increase legal certainty and transparency of processes through improved tender mechanisms.
The Executive presented a bill for public and private investment classified as urgent, only days after the US Congress passed a law whichputs conditions on loans from international institutionsto the government of Daniel Ortega.
Costa Rica's lack of actions to address the problems of road infrastructure is beginning to take its toll directly, preventing the development of areas with clear productive vocation.
The very success of an area with comparative advantages for operating free zones, call centers and corporate offices, such as those close to Juan Santamaria International Airport, has become a detonator triggering the paralysis suffered by investments in construction of new buildings, simply because of vehicle congestion in Belen, in the Greater Metropolitan area of Costa Rica, is so bad that it is normal to take up to 50 minutes to travel 4 kilometers from the area in question to the access road to the center of the capital.
It has been announced that public use regulations that will allow construction of hotels, restaurants, transportation systems and other tourist infrastructure within protected areas will be issued midyear.
The regulation is being prepared by the Tourism Authority of Panama, the Panamanian Chamber of Tourism and the Ministry of Environment, as part of the EcoturAP project, announced by the Varela administration in March this year. This initiative aims to exploit protected areas in order to develop sustainable and ecological tourism.
Knowing how to laugh at yourself is a virtue that every entrepreneur in Costa Rica should have, even though it might all end in tears.
This is what Alfonso Carro does in his article on Crhoy.com: laugh at himself, at the same time bringing to light the helplessness felt in light of the deteriorating conditions for investment in an economy such as Costa Rica, which was once number one in Central America.
Determinants of investment, committed figures, and key economic sectors in the region in which Colombian companies have ventured into in recent years.
From the summary of the document by Cepal: "Colombian Investment in Central America":
The main objective of paper on Colombian investment in Central America is to analyze the business strategies that have led to increased Colombian foreign direct investment (FDI) in Central American countries.
Polaris Energy has announced an investment of $43 million in drilling new wells to increase generation capacity from 50 to 72 MW.
The company Polaris Geothermal Energy is aiming to increase its production capacity in Nicaragua and go from 50-72 MW of power. The information was confirmed by the CEO of the company, Alex Orono, during an appearance before the board of the Chamber of Industries of Nicaragua (Cadin), confirmed Elnuevodiario.com.ni.
This year multinational plans to invest that amount in remodeling, maintenance, new units, electronic commerce, and logistics and distribution.
From a statement issued by Walmart of Mexico and Central America:
Mexico City, 10 March 2016.- In 2016 Walmart de Mexico and Central America will invest an estimated $14.700 million pesos ($866 million), 17% higher than the total amount invested last year.
The country attracted $1,203 million last year, with highlights being an increase in capital from countries in the region such as Panama, Colombia and Guatemala.
In 2015 flows of foreign direct investment (FDI) from Latin America were higher than those received from North America, totaling $437.8 million, the largest share (36.4% of total), according to the Central Bank of Honduras.
The construction of the 13,000 square meters building in the department of León started in November 2015 and will be ready in October 2016.
The Paseo Real Mall in Leon, 93 kilometers from Managua, is being built on an area of 19 blocks at the site of the former Gurdián on Avenida Debayle. The project required an investment of $16 million and its opening is scheduled for October 15, announced Lytton Cano, general manager of Inversiones Plaza León S.A. to El Nuevo Diario.
The Costa Rican company increased its sales by 2% compared to 2014, thanks to the dynamism of flavored alcoholic beverages in the US, foods in Guatemala, and beers, wines and spirits in Costa Rica.
Flavored alcoholic beverages, especially in America, and increased profitability in beer, wine and distilled drinks in Costa Rica and food in Guatemala, boosted Costa Rica Florida Ice & Farm's operating income in 2015, reaching $179 million, 13% more than in the previous fiscal year.
The private transport company has announced it will invest $3.5 million in the opening of a service center and support for the operation of the company in Latin America.
From a statement issued by the CINDE:
San Jose, January 26, 2016 -Uber has announced the establishment in Costa Rica of its first Center of Excellence in Latin America. The center will create more than 300 jobs by the end of this year.
Poverty has declined, foreign investment has quintupled in a decade, the economy has grown more than the average in Central America and Nicaraguan businessmen are applauding it.
Carlos Pellas, one of the most successful Central American businessmen with investments in sectors relating to financial insurance, agribusiness, information technology, energy, vehicle distribution, and production and beer and spirits, did not make a statement in a merely personal capacity but rather one relating to the economy of his country, Nicaragua, when he said that "people think that things are going well, there is a lot of investment, construction has grown, it is a dynamic sector, you can tell that from one look".
Authorization has been given for the investment of surpluses from the Private Contributions Regime to be invested in financial transactions under the supervision of the National Commission of Banks and Insurance.
The agency´s surpluses amount to around $250 million.
From a statement issued by the National Congress:
ECOSOC will decide fate of the economic surplus of RAP