The Supreme Court has rejected the appeals launched by 31 business and other groups against the Law of the Grand Interoceanic Canal Concession .
Roberto Larios Melendez, a spokesman for the Supreme Court of Justice (CSJ) said Elnuevodiario.com.ni that "the main argument by which the judges of the Supreme Court rejected the 31 resources is unconstitutional because it concluded that the aforementioned law does not contradict the Constitution. "
The increase in exports of live cattle was not enough to compensate for the freezing of meat prices and lower demand from the international market.
The increase in exports of live cattle, on which $20 million to $40 million was spent for 2013 "was not enough to offset the price freeze on meat and the reduction in volume demanded by the foreign market," noted an article in Laprensa.com.ni.
The American Chamber of Commerce of Nicaragua has rejected the amendments to the Constitution proposed by the Nicaraguan government.
This is the result of a survey carried out by AmCham among its members in order to find out its position on the proposal to reform the constitution of Nicaragua. 75.6% of respondents asserted that the initiative will affect the business climate in the country. "It is not good for the country to make changes of the dimension they wish to make to the Constitution, especially with the haste with which they have promoted them" they explained.
The Central Bank of Nicaragua issued on November 29, 2013 the results of a survey on Tourism up to the Third Quarter of 2013, revealing an average per capita daily spending of foreign tourists of $40.7, promoted by visitors from South America and Other Regions ($61.1 and $82.1, respectively). The statistics reflect a positive variation of 4.3% compared to the previous quarter.
This compromises integration in the region, because it will never be a good idea to do business with someone who has a gun in their hand.
Integration assumes there is a common set of rules based on a philosophy which is also commonly held by all participants in the group. The Central American countries have - so far - rules that allow the development of their economies according to liberal criteria which - below the relationship between companies - leaves out force as a factor in conflict resolution, appealing - always - to systems of justice.
Nicaraguan mining companies project more growth for 2014 in line with the investments made by the sector.
According to statistics from the Center for Exports (CETREX) up to November this year sales of raw gold rose by 10.4 % going from 12,001 kg in 2012 to 13,251 in 2013. An increase in value of 2.9 % with revenues of $395.1 million was recorded, while in the same period of 2012 it was $389.9 million .
Sales of rice, cattle, wheat flour, meat and coffee made through BAGSA increased by 10% compared to the previous year.
"Despite the fall in international prices and reduced exports, transactions this year will exceed $720 million, representing growth of 10% compared to 2012," said Enrique Zamora, president of the Board of Bolsa Agropecuaria de Nicaragua S.A. (Bagsa).
Business leaders will form part of the technical committee of advisers to the Grand Canal Megaproject in Nicaragua.
Joseph Adam Aguerri, president of the Superior Council of Private Enterprise (Cosep) and Benjamin Lanzas, chief of the Nicaraguan Chamber of Construction were chosen by the board of Cosep as their representatives to the committee.
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