At the beginning of the peak tourist season entrepreneurs are optimistic about the withdrawal of the security alert that the US government had emitted.
The alert was issued by the US government weeks before the holding of presidential elections.Jose Adan Aguerri, president of the Superior Council of Private Enterprise (COSEP), said that"...The decision came at an opportune time because it occurs in the high season for tourism in the country. 'In high season there is an increased flow of tourists, and it is very good that they are issuing this notice so that citizens can come''."
Cultivation of this variety has been authorized in seven departments in the Pacific and in the autonomous regions of the Northern and Southern Caribbean, except in the municipality of Waslala.
Finally, and after months of waiting, Nicaragua has been given permission to extensively plant the variety of robusta coffee, which so far had been kept at limited levels, and has generated controversy over the possibility that it might represent competition for the cultivation of Arabica coffee.
In the difficult route to increase the sector's sales abroad, the country has so far managed to register 58% of the cattle herd.
The advanced comes after five years of efforts between the authorities and trade associations to have included in their records 22% of cattle farms in the country and 58% of cattle organizations, but industry representatives believe that there is still much to be done to meet the traceability requirements that are impeding the entry of Nicaraguan meat products into some markets, including the European Union (EU).
In the first ten months of the year orange exports were up 35% in value and 54% in volume compared to the same period in 2015.
The improved results, thanks to better crop productivity, have created an opportunity to increase export sales of this fruit in larger markets, for which reason it is important to continue preparing and incorporating technology and facilities in the sector.
In 2015 the region as a whole exported $36 million worth of watermelons, led by Costa Rica and Panama who exported $14 million each, followed by Honduras, with $4 million.
Watermelon Tradefiguresin Central America,analyzed by the Business Inteligence Unit at CentralAmericaData.com show that in 2015 the countries in Central Americaexported 154,476 tons of whole watermelon, at an average price of $0.23 per kilogram.
The construction sector expects an increase in demand now that there has been an official increase from $20 thousand to $23 thousand in the ceiling for the price of social housing.
In addition to raising the cap so that more homes are considered of social interest and can be purchased with a subsidy on the interest rate, it was also agreed to grant a direct bonus of up to $2,000 for families to finance the purchase of a home of this kind.
The arrival of foreign investment to the west of the country is being promoted, in places where there are already companies interested in developing the potential for metal mining in the area.
The Mining Chamber of Nicaragua projects growth of 5% in exports this year compared to 2015, driven by a rebound in gold prices internationally and investments in the sector.Sergio Rios, director of the union, also attributed the positive growth projection to the approximate 5% achieved in production.
Lack of technically skilled labour is forcing some companies to bear the cost of training their employees.
Food technology and industrial electronics courses haven arisen precisely in response to the needs of the private sector, which increasingly needs employees with technical training.This was explained to Elnuevodiario.com.ni by Berta Mayela Quintanilla, "... Director General of Fundación Victoria, an organization authorized by the Inatec to offer mid-level technical courses."
Price of a gallon of regular gasoline: Panama $2.54, El Salvador $2.61, Guatemala $2.65, Nicaragua $3.23, Honduras $3.29, and Costa Rica, $3.56.
From a statement issued by the Ministry of Economy of El Salvador:
Current variations in the reference prices of liquid fuels have directly benefited from the volatility seen in oil derivatives in the last week, there is anticipation over international prices because of the meeting OPEC held, where it was finally agreed to cut production of crude oil and its derivatives, oil market instability has been influenced on this occasion by the decisions of the leading oil producers, causing uncertainty in predictions of rises and falls in the following periods.
The average daily expenditure per capita rose by 8.5% compared to the previous quarter, led mainly by increased spending by visitors from Europe.
From the report "Tourism Survey III Quarter 2016" by the Central Bank:
In the third quarter of 2016 in terms of inbound tourism, the average daily expenditure per capita recorded a rise of 8.5 percent compared with the previous quarter, mainly driven by increased spending by visitors from Europe (36.1%).The interannual variation of average expenditure was 18.2 percent.In contrast, the average length of stay recorded a fall of 7.5 percent compared with the previous quarter, impacted by less stays by tourists from Europe (-34.3%) and South America (-15.7%).The annual rate of change of the average length of stay was -7.9 percent.
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