Nicaragua: Business Climate Does Not Improve

Nicaraguan investors remain pessimistic regarding the country’s overall economic perspectives.

Tuesday, April 13, 2010

Funides, a foundation for economic and social development, conducted a survey among 67 companies between January and February 2010, finding that “investment climate remains much deteriorated”.

“74.7% of the surveyed companies consider that the environment is not favorable for investing. The main factors cited are corruption, political landscape, inflation and energy costs”, reported Laprensa.com.ni.

62.2% of the surveyed companies won’t invest in 2010, versus 35.6% who stated they will.

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