Wages of $150 make Nicaragua a magnet for investments in the region seeking competitive costs.
The Nicaraguan economy is backing competitiveness through lower wages, giving it an advantage over its Central American neighbors.
Regarding the wages earned and the situation, Dean Garcia, executive director of the Nicaraguan Association of the Textile and Clothing Industry (Anitec) told Elnuevodiario.com.ni "... 'in Central America the fact that we have the lowest level and also we are the safest country in the region and the fastest growing economically, makes us more attractive to investors. '"
HKND is seeking to dispel doubts about the financing of the Grand Canal, and has announced that it expects to start construction of the port of Brito and two free trade zones in 2016.
Six months after the announcement of the start of ancillary works such as construction of access roads to the excavation sites and other facilities, it is still unknown where the estimated $50 billion needed to build the Grand Canal of Nicaragua will come from. Despite this, the Australian-born engineer Bill Wild, adviser to the Chinese company, told Laprensa.com.ni that "... Brito port on the isthmus of Rivas, a free trade zone and other economic development areas, are subprojects which will start to be built next year. "
$2,160 per hundredweight was paid for the specialty coffee that won first place in the electronic Cup of Excellence auction, less than the $4,210 and $2,350 paid in the auctions held in Costa Rica and El Salvador respectively.
The fact that a lower amount was offered and paid for the Nicaraguan coffee compared to that of Costa Rica, El Salvador and Honduras, where about $2300 was paid per hundredweight, has been attributed to variations in supply and demand, according to the Specialty Coffee Association of Nicaragua.
Investments include an airfield in Tola, residences in Sardina beach and modernization work in the ports of San Jorge and San Juan del Sur.
Investments totaling $43 million, are distributed with $20 million for the residential project in beach Sardina, $12 million for the airport in Costa Esmeralda, $8 million to modernize the port San Jorge and San Juan, with the remaining funds being used in other related works.
In the electronic Cup of Excellence auction 46 lots were sold, with maximum payments reaching $1,410 per hundredweight.
Without beating the prices paid at the auctions of specialty coffee in Costa Rica, Nicaragua and El Salvador, in Panama lot of Esmeralda Geisha Natural Jaramillo coffee, from the Peterson family, won first place in the auction, with a priced of $140 ,10 per pound.
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