During the 2015-16 harvest the sugar industry expects to upload to the national grid between 85 and 90 MW of energy, about 22 MW more than in the previous harvest.
The National Committee of Sugar Producers of Nicaragua (CNPA by its initials in Spanish) plans to increase the energy it uploads to the national system through the four mills operating in the country, explained Jose Adan Aguerri, president of the Superior Council of Private Enterprise (COSEP) .
From 30th of November to 3rd of December 14 Nicaraguan companies producing food, textiles, handicrafts, meat and grains will visit Panama to explore business opportunities.
The activity is being organized by PRONicaragua and will include the participation of exporters of products such as "... conventional snacks, clothing, roots and tubers, beans, meat, handicrafts, awnings and marquis."
A bill intends to reduce the cost of financing using mortgage securities or collateral by reducing registration costs and mortgage pay off fees.
Private sector representatives explained to Trincheraonline.com that what is sought is to "... make it less costly for the producer to put up their property as collateral in order to obtain the financing they need."
With the approval of the environmental and social impact study the Grand Canal Commission has facilitated the beginning of the construction of the waterway.
The Grand Canal Commission has approved the study presented by the Chinese company HKND, concluding that the final impact of the proposed construction of the canal will be positive for the country in social, economic and environmental terms.
The upcoming entry into force of the tax rules on transfer pricing may take some Nicaraguan companies unawares.
An article on Elnuevodiario.com.ni reports that "... Most Nicaraguans companies are concerned about not being ready to cope with the entry into force of the Law on Transfer Pricing from the first of January next year. "
United Airlines has increased to 17th the number of weekly direct flights from Houston to Managua to 17 .
The airline announced that the new flight will arrive in Nicaragua's capital on Saturday, and will be repeated permanently throughout the year. Salvador Marrero, executive director of the airline, said that "..."What we did last year in high season, this year in 2015 will become a permanent service. We are constantly analyzingh what happens to our destinations and when the market demands more, we provide more seats. '"
In September, the IMAE grew by 4.1% compared to the same month in 2014, driven by agriculture, which grew by 13%, and transport and communications, which increased by 10%.
The report of the Central Bank of Nicaragua:
In September, the monthly index of economic activity (IMAE) grew by 4.1 percent compared to September last year. Meanwhile, the average annual variation stood at 3.8 percent and cumulative growth in the January-September period was 3.5 percent.
Price of a gallon of regular gasoline: Panama $ 2.41, El Salvador, $2.54, Guatemala $2.59, Nicaragua $3.23, Honduras, $3.20, Costa Rica, $3.76.
From a statement issued by the Ministry of Economy of El Salvador:
The Ministry of Economy announced on November 23 that the reference prices for gasoline, effective from November 24 to December 7, 2015, will experience reductions of up to - $0.05, note that this is the ninth consecutive redution in regular and special gasoline; while diesel also features new low prices.
Part of the project includes a plan to build deep-water ports at both ends of the canal, with wharves and transshipment ports which can accommodate vessels of up to 200,000 dwt.
The environmental and social impact study for the construction of the Grand Canal of Nicaragua, published on the website of the Chinese concessionaire HKND, describes in detail the characteristics of the project and the impact it will have on the physical and biological resources in the area as well as its effects on economic and employment levels.
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