The National Assembly has approved a loan from the Central American Bank for Economic Integration for hydraulic cement paving of 45 kms of the stretch passing through La Gateada- Naciones Unidas - Bluefields.
From a statement issued by the National Assembly of Nicaragua:
The National Assembly has approved a loan from the CABEI to build water and sanitation systems, storage tanks, septic tanks, sewers and household connections.
From a statement issued by the National Assembly of Nicaragua:
Following the adoption of a decree for a $30 million loan signed between the Republic of Nicaragua and the Central American Bank for Economic Integration (CABEI ), 121 rural municipalities will benefit from the implementation of the "Project for Sustainability Rural of Water and Sanitation"
Wind and bagasse plants will once again being uploading all of their electricity production to the national grid, after having reduced the amount in the past few days, at the government's request.
After a meeting between representatives from the National Electricity Transmission Company (Enatrel) and renewable energypower plants, an agreement has been mde to normalize production and resume supply to the national grid.
Nicaraguan industrialists pay more than their competitors in other Central American countries for the Colombian raw material they consume.
The 35% charged for "patriotic duty" on imported products from Colombia is affecting the performance of the productive sector and taking away competitiveness from Nicaraguan in the region. The business sector is once again demanding the elimination of the tariff particularly for the materials purchased by industrial companies.
The Nicaraguan Institute of Tourism has unveiled a strategy which aims to increase the number of tourists especially in summer, promoting the main tourist routes in the country.
It is expected that the plan called "Nicaragua Our Summer 2015", will be implemented from February and will run until April this year. It also seeks to implement new measures to increase the daily expenditure of tourists which until September 2014 was $43.
Last year the amount of transactions recorded was $997 million, with highlights including 32% growth in trading in the primary market.
The good performance of the Nicaraguan economy has been accompanied by a sharp rise in the stock market, where a significant dynamism was seen, mainly in the primary market where securities have been traded for the first time. This behavior reflects more companies opting for the stock market to finance their productive activities.
The National Electricity Transmission Company of Nicaragua is putting out to tender the supply of materials and related services for the new substation called La Dalia, which has a 138KV transmission line San Ramon.
Nicaragua Government Purchase 1/2015 LPI-009-2014-PNESER:
The Multilateral Guarantee Investment Agency has awarded the Colombian company Corona a guarantee of $11 million to build a plant to manufacture ceramics for bathrooms in the country.
From a statement issued by the Multilateral Investment Guarantee Agency (MIGA):
The Multilateral Investment Guarantee Agency (MIGA), and entity of the World Bank Group which offers political risk insurance and credit enhancement mechanisms, today announced its support for the acquisition, expansion and modernization of a plant for bathroom ceramics in Managua (Nicaragua) belonging to Corona, a ceramics manufacturing company based in Colombia. The investment will increase the availability of sinks and toilets in the country, which is facing major sanitation deficiencies, above all in poor rural areas.
On December 22 the concessionaire of the Grand Canal in Nicaragua, HKND started preliminary works, including the construction of access roads to the excavation sites and other facilities.
Representatives from the Nicaraguan government and the president of the Chinese company HKND, Wang Jing, inaugurated the start of the project to build the canal, which will start, according to the concessionaire, with the ancillary works which are needed before the main work can be begin.
The private sector disapproves the action taken by the Ministry of Energy to reduce the amount of energy generated from wind and bagasse which is injected to the national grid.
This measure which seeks to reduce the energy input of these sectors comes at a time when wind and bagasse plants are operating at full capacity, therefore there is a direct impact on their finances. Furthermore, "... The country would be consuming more thermal energy, which would involve the use of more fuel. "
An announcement has been made that the Venezuelan airline Conviasa will be operating a new route between the two cities every day except Saturdays, starting from February 5.
The Venezuelan Consortium Aircraft Industries and Air Services (Conviasa) unveiled its new air frequency to Panama, which will operate every day except Saturdays, departing from Caracas in the morning and arriving at Panama around 9:30 am
Quetzal Port Company is offering a special rate with discounts up to 50% for ships carrying cargo whose origin and destination is Central America.
This project seeks to promote short sea shipping between the ports of Quetzal in Guatemala, Acajutla in El Salvador, Corinth in Nicaragua and Caldera in Costa Rica, and in this way reduce land freight traffic between countries in the region. It is expected that the project will start with th coordination of all sectors involved and carrying out tests.
Producers are complaining about a lack of agility and excessive paperwork in the process to request tax exemptions for the purchase of equipment and farm machinery.
Agricultural producers argue that they can not easily access the exemptions for the purchase of equipment which is established in the recently passed Tax Act. Although it has been stated that within three months the necessary reforms will be made for the exemptions to given on products and not producers, the current requirements are delaying procedures and access to the incentive on the part of the producers.
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Phone: (506) 225 4786
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Phone: (507) 7202158