Over 300 producers in the country and commercial houses who offer machinery will participate in the Hatofer 2014 Fair.
From 20 to 23 March the 2014 Hatofer Fair will be held the in Camoapa, Boaco Township. The event which is being organized by the Federation of Ranchers of Nicaragua will bring together over 300 producers in the country as well as commercial houses that sell agricultural machinery.
The Superior Council of Private Enterprise opposes the proposed "patriotic tax" of 35% on Costa Rican products and services.
The proposal by the Nicaraguan former Foreign Minister Francisco Aguirre, to charge a 35% tariff on products entering from Costa Rica has been rejected by the Superior Council of Private Enterprise (Cosep).
Work is being done on producing better chia seeds in the country in order to meet the demands of international buyers.
Despite being one of the fastest growing crops in Nicaragua, the current shortage of chiaseeds could hinder production. For this reason, the Association of Producers and Exporters of Nicaragua (APEN) is working on the production of a new seed that meets the demands of international buyers.
Estimates are of a market potential of $80 to $100 million for the development of real estate funds in the next two years.
The Invercasa Financial Group announced that it is negotiating with the Superintendency of Banks and Other Financial Institutions (Siboif) to open a real estate fund management company.
Statistics from Invercasa have recently indicated that in the last 18 months, since the firm entered the market of real estate investment, these funds represent 97% of all international transactions in Nicaragua, resulting in 70 domestic investors contributing 10 million dollars, with gains of 7.5%.
The Financial company FAMA is to issue $4 million in bonds to be used to increase the microfinance portfolio.
Microfinance in Nicaragua continues to grow and one example is the issuance of $4 million in commercial paper or bonds held by Financiera FAMA in the local market.
In an article Elnuevodiario.com.ni Victor Tellería CEO of FAMA said "this is the first time that the Superintendent has authorized a financial institution specializing in microfinance to do this, here there are two banks that have already released their issue, but this is the first time for a financial institution like us."
The Chamber of Builders has recorded eight projects for luxury housing in the country with retail prices ranging from $100 thousand to $450 thousand.
The Chamber of Builders of Nicaragua (Cadur), argues that housing designed for more affluent people have had good sales. Currently there are eight projects of this type recorded in Managua and there are an estimated eight more that are not part of Cadur, with prices ranging from $100 thousand to $450 thousand.
On March 29th and 30th tourism companies from 10 countries will be taking part in business meetings with local companies.
Tourism businesses from Argentina, Brazil, Canada, Costa Rica, Chile, El Salvador, the USA, Guatemala, Panama and Venezuela will gather together on 29th and 30th of March in Nicaragua, where the Central American nation's second summer tourismfair will be held.
Negotiations are being held with India for a $57 million loan to build two electrical substations and a 138 KW transmission line.
Salvador Mansell, chief executive of the National Electricity Transmission Company (Enatrel) announced that it is negotiating a $57 million loan with India in order to build three power projects in Nicaragua. These are two electrical substations and a transmission line of 138 kilowatts.
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