How Long Has It Been Since You Visited Nicaragua?

When you look at Nicaragua without prejudice and without political bias, you can see a country which unlike before, offers good opportunities for investment.

Thursday, May 28, 2015

EDITORIAL

Central America Viewed from Within

When you look at Nicaragua without prejudice and without political bias, you can see a country that offers good opportunities for investment.

And who better to do that exercise than a businessman linked to actual production. Recently a producer and coffee industrialist toured Nicaragua, noting that the Nicaraguan situation has profoundly changed, so much that, among other things, it is generating an immediate concern: if this country's economy continues its upward course, within 3 or 4 years who will pick up coffee in Costa Rica? Nicaraguans will have enough work at home and will be not attracted to the idea of going to look for work in Costa Rica.

He also noted investment possibilities, which he appreciated were very favorable, especially given the low cost of labor, lower relative incidence of criminal activities, and the general bias observed in state officials to encourage productive investment, part a good harmony between business groups and the current government.

It should be noted that lack of skilled labor and the legal certainty category remain a tarnish because of prior actions of the current government, although today there is a different attitude than the one which prevailed at that time.

In summary: starting from a very low down, Nicaragua is on the ascent, presenting opportunities in most sectors of the economy, beyond occasional geopolitical outbursts by its President, and the lack of transparency with which businesses linked to Venezuelan aid are managed.



More on this topic

Political Reform to Boost the Economy

March 2020

Nicaraguan businessmen believe that electoral reform is essential to reactivate the country's economic activity, which has been in decline since the crisis erupted in 2018.

According to estimates by the International Monetary Fund (IMF), Nicaragua's Gross Domestic Product contracted by 5.7% in 2019, a drop that complements the year-on-year variation of -3.8% recorded in 2018.

Nicaragua As Seen by the Private Sector

January 2016

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".

Nicaragua: Economic Situation Report II Quarter

July 2014

A slowdown in the pace of economic activity in the country and loss of dynamism in private investment has been indicated.

Economic Situation of the second quarter of the year, prepared by the Nicaraguan Foundation for Economic Development:

The Nicaraguan Foundation for Economic and Social Development (FUNIDES) presents its second report on economic conditions in 2014, which states that in the first 4 months of this year, the economy experienced a mild slowdown. According to the 12-month average variation of the Monthly Index of Economic Activity (IMEA), growth which had been over 5 percent since April 2013, fell to 4.8 percent in April, largely due to the earthquakes in that month.

The Love Affair Between Government and Business in Nicaragua

August 2011

Ruben Dario’s country, shows a panorama - unsuspected only a few years ago - of the successful relationship between the government’s policies and business goals.

A report by Pastrán details how activities and discussions by businesses and government representatives, are in agreement ensuring stability and economic growth for years to come.

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