Arguing that there are indications that businessmen have attempted against the Nicaraguan society and the rights of the people, local authorities ordered to lift the bank and tax secrecy of former Funides executives.
In recent weeks in Nicaragua a wave of arrests has been made against presidential pre-candidates, business leaders and people who oppose the government's actions.
In Nicaragua, following the arrests of political and business leaders, uncertainty has increased after local authorities arrested Luis Alberto Rivas Anduray, Executive President of Banpro.
In the last weeks Cristiana Chamorro, Arturo Cruz, Felix Maradiaga Blandon and Juan Sebastian Chamorro have been arrested, these people were presidential pre-candidates and are accused of multiple crimes.
In Nicaragua, following the arrest of four presidential pre-candidates and the detention of business leader Jose Adan Aguerri, the productive sector demands the release of political prisoners and advocates for the government to commit itself to grant all democratic guarantees.
Following the arrest of Cristiana Chamorro, Arturo Cruz, Felix Maradiaga Blandon and Juan Sebastian Chamorro, there are now four presidential pre-candidates who have been imprisoned by Nicaraguan authorities.
After the arrest of presidential pre-candidates Cristiana Chamorro and Arturo Cruz in Nicaragua, the business sector questions the "democratic viability of a free, fair, competitive and transparent electoral process".
As a result of the political crisis affecting the country since 2018 together with the pandemic that began in 2020, the chicken producer and operator of the restaurant chain Pollo Estrella, was financially destabilized and was seized by at least four banks.
Following a judicial process being handled in the courts of the municipality of Tipitapa, where the central plant of the Nicaraguan company operates, the authorities decided to intervene Avícola La Estrella.
After an arrest warrant was issued against Cristiana Chamorro Barrios, independent presidential pre-candidate in Nicaragua, the business sector believes that it is "evidence of the government's unwillingness to carry out free, fair, transparent, competitive and supervised elections."
Following an accusation against Cristiana Maria Chamorro Barrios, filed by the Public Prosecutor's Office at the Office of Reception and Distribution of Cases and Writs of the Managua Courts, the authorities decided to issue a search and arrest warrant.
Reducing costs and barriers to foreign trade in Central American economies is key for the region to overcome the economic recession caused by the outbreak of Covid-19.
A report prepared by the World Bank explains that boosting economic activity and employing a higher percentage of the labor force are objectives that can be achieved through reforms that strengthen the private sector and attract investment.
The World Bank predicts that by the end of this year Panama and the Dominican Republic will be the economies of the region that will grow the most, and the countries that will report the lowest increases in their production will be Costa Rica and Nicaragua.
After the region's economies were considerably affected in 2020 by the sanitary crisis generated by the Covid-19 outbreak, the outlook of international organizations for 2021 is encouraging.
During 2020 in all countries of the region, construction activity decreased considerably and Central American cement imports stagnated, this adverse scenario is explained by the economic crisis generated by the pandemic.
The construction industry statistics system, which is part of the interactive platform "Construction in Central America" of CentralAmericaData's Business Intelligence area, compiles the most important industry data for each of the countries in the region.
As a result of the economic crisis generated by the pandemic, it is estimated that four out of every five Central American companies were forced to increase their debts in order to sustain their operations.
According to the 2021 Regional Survey on economic reactivation prepared by the Federation of Chambers of Commerce of the Central American Isthmus (Fecamco), the resources obtained through indebtedness, served the companies to pay payroll, face rents and support operations.
Twelve months after Central America began a health and economic crisis triggered by the covid-19 outbreak, Guatemala was the fastest recovering economy and Panamanian economic activity is the slowest to return to pre-pandemic levels.
In March 2020, the first cases of covid-19 began to be detected in the countries of the region. The highly contagious disease, which at that time had already claimed the lives of thousands of people around the world, forced Central American governments to establish mobility restrictions.
After the political crisis the country went through in 2018 and the health crisis it faced in 2020, businessmen maintain hopes that tourism activities will recover in 2021 and in the following years return to the path of growth.
The Nicaraguan tourism sector has been rained on over the past three years. In April 2018, companies engaged in these activities began to experience a crisis, as a political and social crisis occurred in the country, which ended up affecting the productive activity.
Although in the Nicaraguan market properties are priced up to 30% or 40% cheaper compared to the prices registered prior to the political and health crisis, sales have fallen considerably.
Taking as a reference 2017, the year prior to the political and social crisis in Nicaragua, it is evident that currently real estate prices have decreased by up to 30% or 40%, assure businessmen in the sector.
Strengthening trade between the US and the region, fighting corruption in the Northern Triangle and reducing illegal migration flows, are some of the axes on which Joe Biden, the US president who has been sworn in, is expected to focus.
Biden, representative of the Democratic Party and winner of the last US elections, whose results were close, arrives at the White House to replace Donald Trump.
The World Bank has improved economic growth projections for all Central American economies for 2021, with Honduras, El Salvador and Panama having the most promising forecasts.
In June 2020, when the health and economic effects of the pandemic that caused the covid-19 outbreak were beginning to be reported, the World Bank predicted that in 2021 Nicaragua's Gross Domestic Product would decrease by -1.6%, but in a January 2021 publication it projected that the drop would be -0.9%.
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