The country's investment promotion agency, ProNicaragua, is supporting the recruitment of employees with a high level of English for a group of foreign investors.
Marcela Castillo, ProNicaragua director, explained that the investors' name will be revealed at a later date but that they are planning to start work in the coming months.
To assist in the recruiting of personnel, the agency has organized the Employment Machine recruitment fair, to which bilingual professionals are invited to attend and add their resumés or CVs to a database of employees with or without experience that will be used by the investors to meet their human resource requirements.
In advanced economies employment is becoming less stable while those in developing economies are focusing on public policies, which stimulates the growth of informality and, paradoxically, unemployment.
EDITORIAL
"It's the economy, stupid."
We will use the now famous phrase coined during Bill Clinton campaign against George Bush, to highlight the paternalistic voluntarism which is fashionable in most of the countries of the region, the only effect it has is to marginalize the formal production economy for more and more people, with an impoverishing final effect. Globalization requires more and more competition, which can only be achieved with maximum flexibility using all resources, including human ones. This, which in itself is inhumane, is a reality that should not be overlooked in the definition and implementation of public employment policies, if they are to be successful and sustainable.
General information for investors has been released, in bilingual format, detailing competitive advantages, investment opportunities in strategic sectors, legal and investment incentives.
Contents of the Guide Doing Business in Nicaragua 2012-2013:
I. Getting to know Nicaragua
- Country Profile
- Government
- Territory
- Population
- Economy
- Infrastructure
Through this acquisition, PALIG will increase its already considerable business in Panama and Costa Rica, while expanding its presence in the Caribbean.
In total, the businesses that PALIG are attempting to acquire represent over $125 million in premiums and $675 million in assets, according to 2010 figures.
Pan-American Life Insurance Group (PALIG), a leading provider of life and health insurance in Latin America and the United States, today announced a definitive agreement to acquire certain businesses and assets of MetLife (NYSE: MET). In addition to acquiring all American Life Insurance Company (ALICO) operations in Panama and Costa Rica, PALIG plans to acquire MetLife’s American Life and General Insurance Company (ALGICID) in Trinidad and Tobago, as well as subsidiaries of ALICO in Barbados, the Cayman Islands and most of the Windward and Leeward Islands. Upon completion, this transaction would increase the size of the Pan-American Life Insurance Group and extend its geographic reach. Details of the transaction have not been disclosed.
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