Nicaragua Receives $817 million in RemittancesThursday, January 5, 2012 In November 2011 the country received $130 million more than it did in the same period in 2010. In the same period in 2010, the remittance income amounted to $741.1 million. Nicaragua to Take Part in Food TaipeiWednesday, June 1, 2011 12 companies are preparing to participate in the annual food fair to be held in Taipei, Taiwan, from 22 to 25 June. The delegation is composed of producers of sugar cane, honey, tobacco, coffee beans, processed coffee, seafood, beef, beans and cheese among others. Livestock Traceability in NicaraguaFriday, June 3, 2011 In the coming months, 50 cattle farms will implement a cattle traceability system. With an investment of $15,200 from the Association of Producers and Exporters of Nicaragua (APEN) and the Village Community Action (APAC) and contributions from producers, unique export codes will be managed by the Ministry of Agriculture and Forestry (MAGFOR) and investment will be made in the acquisition of livestock identification tags. Nicaragua: Streamlined Procedures for ExemptionsMonday, June 13, 2011 The idea is to make it faster for farmers to perform the procedures required for tax exemptions. At a time when high prices of raw materials worldwide would benefit producing countries such as Nicaragua, farmers are wasting hours of their time doing paperwork instead of being in their fields harvesting. Assembly Passes Microcredit LawFriday, June 10, 2011 The Nicaraguan Assembly has passed a law on the promotion and regulation of microcredit. According to Gutierrez Wálmaro of the association of microfinance institutions (ASOMIF) the effect of the new regulations will result in a reduction of interest rates charged by microfinancers over the next three years. Nicaragua: 2012 Budget at $1,900 millionFriday, September 2, 2011 The budget for next year represents an increase of 16% compared to this year. The figures were released by the Deputy Minister of Finance and Public Credit, Ivan Acosta. Nicaraguan Exports to Asia IncreaseMonday, September 5, 2011 In the first eight months of the year, sales to the Asian market increased by 44% compared to the same period in 2010. The latest report from the Center for Exports (CETREX) reveals that the biggest buyers are Taiwan, Japan, South Korea and India and the most popular products are seafood, meat, coffee and sugar. Nicaragua: Microfinancers Looking For LoansThursday, September 8, 2011 Foreign funding may not arrive, so support is being sought from domestic banks. The possibility of external funding being log jammed making it impossible to use in programs for 2012 has led the Association of Microfinancers in Nicaragua to seek alternative financing nationwide. Nicaragua: Remittances Up 9%Wednesday, September 28, 2011 Between January and July, Nicaraguans living abroad sent $509 million to the country, which is 9% more than in the same period in 2010. Despite the economic crisis affecting the United States, one of the main destinations of choice for Nicaraguans seeking better opportunities, the money they send to their families in Nicaragua continues to grow. Costa Rica Hosts Expo Copre Industrial 2011Tuesday, April 19, 2011 The third edition of Expo Copre Industrial, a trade show for the metallurgical industry, will be held on June 30 and July 1-2. This expo, which showcases new technologies for the metallurgical industry, will take place at the Spanish Country Club, in San Antonio de Belén, Heredia, Costa Rica. Nicaragua Looks to Create a Mining Triangle RegionWednesday, April 27, 2011 An area of significant mining activity seeks to become a new region independent of the North Atlantic Autonomous Region. The project, first proposed to parliament in 2002, has gained strength since the Presidency’s declared intention to change the political map of the country. Nicaragua: Fishing Terminal Operates at Full CapacityWednesday, March 24, 2010 Fishing terminal Shin Komatsu, located in San Juan del Sur, is operating at 100% capacity two years after its inauguration. The $12 million terminal was donated by the Government of Japan, and processes sardines, fish and seafood. Short term plans include distributing its products in Managua. Nicaragua Invests $3.5 Million In Electric Power SubstationsTuesday, March 30, 2010 The National Electricity Transmission Company (Enatrel) is building or remodeling 6 electric power substations. Substation Boaco will start operating in June, featuring a new 25 MVA (Mega Volt Ampere) transformer. Businessmen Request Delaying EU AgreementThursday, April 8, 2010 The Commerce and Exporters chambers of Nicaragua remarked that the agreement should not be signed if the European Union doesn’t improve its market access proposal for some products. Eduardo Fonseca, executive director of Nicaragua’s Chamber of Commerce (Caconic), told AFP that if the region hurries the agreement without guaranteeing ‘a larger market’ for its products, rules of origin and a compensation fund to solve asymmetries, then Europe will be the larger beneficiary of it. HSBC Nicaragua Offers Loans to ExportersFriday, April 9, 2010 Recently inaugurated, HSBC’s representation office will offer loans for importers and exporters. Emilson Alonso, president of HSBC for Latin America and the Caribbean, explained they will also serve investors interested in the region. |
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