In order to plan their investments, employers from the energy sector are asking for information on the prices negotiated for the electricity that will be provided by the operator of the Tumarín hydroelectric station.
Prensa.com.ni reports that "... Not knowing the rate charged for the generation of electricity from the Tumarín hydroelectric station causes uncertainty for other investors in the sector due to the fact that they do not know the conditions in which they would be competing and therefore, whether or not to promote new projects. The private sector is demanding transparency from the government and that they disclose details of the agreement with Centrales de Hidroeléctricas de Nicaragua (CHN), the concessionaire of Tumarín. "
The government has signed memorandums of understanding with the British Geoex and Norway's Statoil, to carry out studies and activities in re-exploration and exploration of gas-oil in the Pacific.
The agreement signed with the Norwegian state run company Statoil focuses on the development of a study for exploration and exploitation of hydrocarbon potential in the Nicaraguan Pacific, while the one signed with Geoex, allows for a study of surface reconnaissance around the Pacific Nicaragua, about 32 thousand square kilometers of water and about 9 thousand kilometers in line for the complete study which will allow Statoil to start exploration activities.
The increase approved by the guild of construction companies will apply retroactively from September 8, 2014.
Besides the adjusted upward, the Nicaraguan Chamber of Construction has agreed with unions "... a 4% increase in the prices listed in the table of labor performed piecemeal in the case of steel which is less than or equal to number 4 (1/4, 3/8 and ½ inches), and 3% higher than in steel No. 4 (8.5 inches). "
With the training of 8000 construction workers the union seeks to improve the quality of the workforce and prepare to meet the demand from projects announced by the government and private industry.
The worker training sessions will be conducted jointly by the Nicaraguan Chamber of Construction (NCC) and the Technological Institute (Inatec), and will begin with the training of 8000 workers over a period of 4 months.
Investments by Costa Rican companies in their neighboring country went from $2.43 million in 2010 to $67.7 million in 2013.
Installation of production facilities, maquila subcontracts or transfer of part of the production process are part of the investment models that Costa Rican businessmen are utilizing in order to minimize the negative effects of the high production costs prevalent in Costa Rica and to stay competitive at the level international.
The licenses granted to the Chinese company will allow them to provide basic telephone services, data transmission, internet, phone and TV subscription, for terms of 10 to 20 years.
According to Elnuevodiario.com.ni "... The license to provide public telephone services nationwide was granted for ten years, according to Administrative Resolution 389-2014, contained in La Gaceta 166. It was also decided to grant a license to provide internet access services, cellular and IPTVS television subscription, also for ten years. "
A reduction in crop yields due to the lack of rain is affecting the marketing of these products, in cases such as herbicides, there has been a 40% drop in sales.
Less demand for fertilizers, herbicides and other agrochemicals needed to tend crops is causing an increase in inventories kept by marketers and generating greater downward pressure on the price of such products. In the case of fertilizer, so far a drop has been registered of "... between 10% and 15%," ... while in the category of herbicides and fungicides, reports are of "... decreases of up to 40%."
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