Honduras: Businessmen Recommend Investing in Nicaragua
Amid complaints of government harassment of private enterprise, its noted that in Nicaragua the costs are lower and "there are not too many obstacles."
Tuesday, May 15, 2012
Given some recent actions and tax proposals by the government of Honduras that have note been well received by employers due to their potential impact on business competitiveness, the president of the National Association of Industrialists (ANDI), Adolfo Facussé, is advising entrepreneurs to invest in neighboring countries, pointing in particular to Nicaragua.
Harassment and a business climate of animosity in the country has forced 25 Honduran companies migrate to Mexico and Nicaragua.
The president of the National Association of Manufacturers, Adolfo Facussé, reportedly stated that the owner of the tobacco company informed him that they will move their operations to Nicaragua.
Political instability is making both domestic and foreign investors very nervous.
Some companies are moving their offices to other countries in the region and others are abandoning the idea of settling up in the country because of insecurity.
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