Honduras: Businessmen Recommend Investing in Nicaragua

Amid complaints of government harassment of private enterprise, its noted that in Nicaragua the costs are lower and "there are not too many obstacles."

Tuesday, May 15, 2012

Given some recent actions and tax proposals by the government of Honduras that have note been well received by employers due to their potential impact on business competitiveness, the president of the National Association of Industrialists (ANDI), Adolfo Facussé, is advising entrepreneurs to invest in neighboring countries, pointing in particular to Nicaragua.

"I'm conducting some research, I have not finished it yet, but right now it stands out that Nicaragua is the best place for investment for industry and the logical move is that, before the government ends up bankrupting companies, any investment in the private sector is clawed back and all operations moved to the neighboring country," said Facussé to Latribuna.hn.

"The operating costs are much lower, I know that the cost of transportation is high, but it will quickly pay off, leaving them in much more competition conditions and they could sell their products in Honduras under the Free Trade Agreement," he said.



More on this topic

El Salvador: Political Uncertainty Paralyzes Investment

January 2014

Examples of paralyzed investments and the pre-election environment in the Salvadoran banking sector.

After over 4 years of the current administration a high level of uncertainty is being reflected which affects all sectors, especially for potential new investments.

In light of the upcoming presidential elections Eduardo Quevedo, the president of Promerica bank is calling for clear rules for investors, improvements to the education system, and a better business climate.

Honduras: Call for Greater Political Stability

December 2012

Political instability is making both domestic and foreign investors very nervous.

An article in Laprensa.hn looks at how recent political developments related to legal certainty, are worrying Honduran businessmen, as they complicate the promotion of the country as a recipient of foreign investment.

Panama: Don’t Pull the Rope Too Hard...

June 2012

…because it may break. In Panama, political tensions and too much public spending designed to speed up development may compromise this brilliant moment for the canal country.

EDITORIAL

We have experienced the threat to businesses of political instability first hand several times.

Panama Threatened by Political Conflict

May 2012

Political stability is essential so as not to jeopardize economic growth, credit rating, and attracting foreign investment.

A statement from the Chamber of Commerce, Industries and Agriculture in Panama:

Political events affecting our stability

For 97 years our association has worked for socio-economic development, promoting the strengthening of democratic institutions.

 close (x)

Receive more news about Investment

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


PRONicaragua

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

Company Profile

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Apr 14)
Brent Crude Oil
64.58
Coffee "C"
133.20
Gold
1,736
Silver
25.365