300 homes were reserved at the fair and mortgages worth $11.5 million signed for construction and purchase of middle class and social interest housing.
Although the goal of 500 homes set by the Chamber of Builders of Nicaragua (Cadur) in the housing fair Expocasa, was not achieved, 300 homes were sold or reserved, and an estimated $10.5 million signed in mortgage loans with banks present at the fair.
The Ortega administration has introduced a bill to repeal the "patriotic tax" of 35% levied on imports of Colombian products since 1999.
For years the private sector has requested removal of the 35% tax charged on imports of Colombian products since December 1999, established by the Alemán administration as a measure of retaliation because of a dispute over territorial boundaries.
The activities that had the most influence on the inter annual increase were Fisheries and Aquaculture, with an increase of 50%, and hotels and restaurants, with an increase of 15%.
From the report on the Monthly Index of Economic Activity:
In December, the monthly index of economic activity (IMAE) grew by 4.9 percent compared to December 2015.The annual average change was 4.4 percent, the same as the accumulated growth rate.[GRAFICA caption = "Click to interact with graphics"]
Businesses will have to apply an initial increase of 4,125% from 1 March 2017 and a second increase, of the same amount, on September 1.
The agreement was approved with the consensus of the private sector, trade unions and government. The decision to establish the increase at 8.25% came after the business sector proposed an adjustment to 7.63%, and unions, between 9% and 10%.
Between January and September 2016 the volume of glass and glassware imported by Central American countries grew by 9% compared to the same period in 2015.
Figures from the Information Systemon the Glass and Glassware Market in Central America provided by the Business Intelligence Unit at CentralAmericaData: [Figure caption = "Click to interact with graphics"]
The union anticipates a positive year for the international price of gold, whose exports generated $357 million between January and November 2016, 12% more than in the previous year.
The stability of the international price of gold in 2016 was the main reason behind the good results achieved by the sector dedicated to metal mining in Nicaragua. Gold exports exceeded $357 million, according to data at CETREX and better results are projected for this year.
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