American Belt Horticultural Company plans to invest $ 15 million to set up plantations in the north of the country.
The producer and distributor of ornamental plants and seeds, plans to build about 200 thousand square meters of greenhouses in the departments of Estelí, Jinotega and Matagalpa.
Vice President Jaime Morales Carazo told El Nuevo Diario that the company has subsidiaries in 20 countries, with participation by other firms of the industry as Flora Belt Pant and PanAmerican Seed Company. "
The Nicaraguan government has announced it is to hold a meeting with representatives of the multinational company to evaluate investment possibilities.
The announcement was made by Vicepresident, Jaime Morales Carazo, in an interview with Canal 12: "After a long absence, IBM's interest in returning to Nicaragua seems to be back".
"The Vice president indicated that IBM has re-evaluated Nicaragua's situation and seems to have found positive reasons to resume its operations in the country," reports EFE.
86% of the companies surveyed in the Coyuntura Económica report by Funides consider the business environment unfavorable for investment.
The Coyuntura Económica report for the first quarter of 2009 by the Nicaraguan Foundation for Social Economic Development (Funides, acronym in Spanish) shows the results from the survey which took place during March of this year at homes and companies.