Investment made by Guatemalan companies in Nicaragua almost tripled between 2014 and 2015, with money mainly going into energy, sugar, palm oil and tourism.
In the past eight years Guatemalan companies have invested $246 million in Nicaragua, according to ProNicaragua.In 2013 the highest amount in the last five years was recorded, with $46 million being invested in the country.In 2014 the amount of investment was only $6 million, while in 2015 it amounted to $16.7 million.
Eletrobras has sold its stake in Centrales Hidroeléctricas de Nicaragua for $44 million, clearing the way for the eventual resurgence of the hydroelectric project.
In a significant event notice sent to the stock market, the Brazilian company Eletrobras explained that Empresa Nicaraguense de Eletricidad (Enel) and Distribuidora de Electricidad del Norte S.A. - DISNORTE, bought its entire shareholding in CHN.
In May 2016 the economy registered an annual increase of 5.4%, mainly explained by agricultural and financial intermediation activities.
From the Monthly Index of Economic Activity report:
In May, the monthly index of economic activity (IMAE) grew by 5.4 percent compared to May 20152.The annual average change was 5.1 percent and cumulative growth in the January-May period stood at 4.6 percent.
The union of private companies is preparing a plan for promoting tourism development in San Juan del Sur and Tola, where more than $130 million has already been invested.
The area of San Juan del Sur and Tola, Rivas, has all the characteristics needed to become a tourist destination, but basic infrastructure in the area needs to be improved along with conditions to attract more foreign investment.
From August 8 premium handmade tobacco leaf cigars will be subject to the same regulation as cigarettes manufactured with additives.
A group of tobacco companies in Nicaragua will be holding meetings in the US with local companies who have invested in tobacco plantations and cigar factories in order to assess the impact of the entry into force of the new regulation.
In 2015 Nicaragua led exports of milk and milk products in the region, with $200 million in sales, followed by Costa Rica, which exported $111 million and thirdly Honduras, with $26 million.
Data from for the Milk and Dairy Products Market in Central America, provided by the Business Intelligence unit at CentralAmericaData.com, shows that in 2015 the countries in the region exported 226 thousand tons of milk and dairy products such as cheese and cottage cheese, buttermilk, yogurt, curd and dairy spreads, among others.
A year after the announcement, the project to establish a marine cargo ferry between El Salvador and Costa Rica remains on paper.
Although it had been announced that the service would begin in late July 2016, it seems that the idea of a ferry transporting goods between the ports of Costa Rica and El Salvador at a base cost of $800 will not happen, at least for now.
The time it takes to move goods between Managua and the customs offices of Guasaule will be reduced from 5 to 2 hours with the recent works on the 77 kilometer stretch of road between the two places.
With this new route carriers will be able to avoid going through the cities of Leon and Chinandega, which will generate savings not only in time but also in costs.It is estimated that a reduction will be achieved of"... four gallons per diesel per truck."
The slowness with which health authorities issue phytosanitary permits is causing delays in the process of importing products which are in short supply locally, such as potatoes.
Importers argue that the Institute of Animal and Plant Health Protection (IPSA by its initials in Spanish) takes up to 3 months to grant phytosanitary certification which authorizes purchases.In the case of potatoes, authorization to import the product was in effect from July 5 to August 5.
A Florida based equipment distributor providing new and used drycleaning and laundry equipment. Looking for current distributors to partner with Central and South America and the Caribbean. East Coast Drycleaning Equipment is known to be an...
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
As a Holding Company we are interested in helping other companies to succeed. We do that by investing in other companies with capital and or professional help to allow them to grow in exchange for ownership.
Operates in Panama and Panama
Phone: (507) 7202158