A loan from the Kuwaiti government will be used to fund part of the construction of a new hospital in the province of Chinandega.
On October 18, the government of Nicaragua signed with Kuwaiti authorities a contract to build and equip a hospital in Realejo Township, in the province of Chinandega, 132 kilometers west of Managua. This contract is part of the total funding of the work.
Between January and September, 965,369 tourists arrived in the country, 7.1% more than in the same period in 2013.
From a statement issued by the investment promotion agency of Nicaragua:
Nicaragua, with a steadily growing tourism industry, received 965,369 visitors up to September this year, which is giving rise to new hotel investments, said the executive president of the Nicaraguan Tourism Institute, Intur, Mayra Salinas, yesterday after stating that "on October 21 we will probably pass the one million tourists figure. "
Local financial groups are interested in negotiating with the U.S. company in order to acquire the consumer banking operation in Nicaragua.
The consumer banking business that will be left behind by Citigroup could return to the hands of Central American companies, as some have expressed interest in acquiring the operation in Nicaragua, although it is not yet known who the interested parties are.
Suppliers and representatives from local hotels and Central Americans will be gathering together in Managua on October 21 to participate in conferences and business appointments.
As a result of tourism growth and increased demand for these services the first edition of the Feria de Nicaragua will be held in the convention center of the Crowne Plaza hotel. Over 150 suppliers and 300 hotel owners are expected to attend.
It is believed that in order to feed the 50,000 workers that will be required for the work there is enough meat available, but a shortage of rice and vegetables.
In the meeting held by the Superior Council of Private Enterprise (COSEP) and the Union of Agricultural Producers of Nicaragua delegates from the company HKND, discussed the issue of the country's capacity to provide food for the 50,000 workers needed to complete the work.
In the view of entrepreneurs it is not enough to change the energy mix towards the renewable sources and they are proposing a strategy be defined for the country in order to compete in the region.
A proposal to create a long-term policy between business and government "..." where the private sector makes a commitment to invest in renewable energy and this energy somehow, goes to those great industries that generate employment in the country, such as the free zone ', said César Zamora, country manager of the energy company IC Power .
The private sector in Nicaragua is opposed to the bill which intends to regulate the prices of 8 of the 53 products in the basic food basket.
The bill introduced in the Assembly intends to implement measures similar to those applied in Panama since July by the Varela administration, which have distorted the production and marketing of the products it covers, according to entrepreneurs from that country.
Lafise bank announced it has $5 million to provide loans with repayment in one year and a 7-year grace period to producers in Leon and Chinandega.
After the meeting in Chinandega with producers and representatives from the financial institution solutions that fit the needs of the sector, the effects of climate change and fluctuations in international prices have been agreed in regards to production.
In the Legislature a bill is being introduced that gives the state a minimum holding of 10% in energy projects of over 100 MW.
With the reform of the law of Exploration and Exploitation of Geothermal Resources compulsory state participation in these projects is authorized. Companies in the sector believe that "... giving the state minimum participation will not jeopardize investments."
The Assembly has approved the amendment to the law that gives the state a 10% share of all concessions for exploration and exploitation of geothermal resources.
Unlike the hydrocarbons reform law, this amendment was adopted unanimously, giving the Nicaraguan Electricity Company authorization to represent the State in the exploration and exploitation activities of geothermal resources that are carried out in the country.
Generates business opportunities by linking supply and demand of goods and services between Central America and the rest of the world.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (506) 225 4786