Reversing the trend of previous years, increased leather stocks have allowed the industry to project a 20% growth in annual production of shoes this year.
The growth in inventories comes in addition to an improvement in the quality of leather being received by shoe manufacturers, who say that this is mainly due to the fact that the leather they now mostly get comes from the processing plant belonging to the Mexican company SuKarne which started operating this year.
The business sector has agreed with the Congress of Nicaragua on the revision of the bill to regulate the functioning of business groups.
Laprensa.com.ni reports: "The decision was made after hearing the positions of the American Chamber of Commerce of Nicaragua (AMCHAM), the Nicaraguan Council of Micro, Small and Medium Enterprises (Conimipyme), the Superior Council of Private Enterprise (Cosep) and binational business chambers comprised of Nicaragua with Mexico, Italy, Spain and Germany. "
The reduction to $25,000 on the minimum amount of investment required to enjoy tax exemptions opens up opportunities in a rising tourism sector.
Previously, small and medium enterprises in Nicaragua had to invest a minimum of $50,000 in order to qualify for tax benefits, but from this year the minimum investment has been lowered to $25,000.
The centralization of regulatory, financial and infrastructure institutions in Managua is affecting the production and competitiveness of the private sector.
Businesses based in other regions of the country must travel to Managua if they want to apply for tax incentives, because if they do it in any of the delegations of the Institute of Tourism (Intur) they will have to wait for their documents to be sent to the capital for examination.
The Conimipyme is proposing special treatment in income tax rates of between 10% to 20% depending on sales.
Gilberto Alcocer, president of the Nicaraguan Council of Small and Medium Enterprises (Conimipyme), explained the industry's position with respect to the tax reform proposed by the government.
A rate of 10% per year was agreed for MSMEs in Nicaragua.
The National Minimum Wage Commission has decided that there will be a semi-annual adjustment of 118 Cordobas ($5.16) to the wages of workers in micro, small and medium businesses, according to Laprensa.com.ni review.
The adjustment, which became effective for MSMEs yesterday was signed in consensus with the Government, unions and the Nicaraguan Council of Micro, Small and Medium Enterprises (Conimipyme) and the National Chamber of Small Industry (Conapi) said Labor Minister, Jeannette Chávez.
The expectation for 2011 is to achieve a 5% economic growth.
If the growth is achieved it would be worth some $ 152 million more than the $ 2,600 million micro, small and medium enterprises (MSMEs) contributed to the Gross Domestic Product (GDP) in 2010.
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...
Operating Company dedicated to the manufacture of gluten-free and sugar-free products, OHNE brand. The OHNE brand has 8 product lines: square bread, sweet...
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