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Remittances prop Nicaragua’s economy

Remittances prop Nicaragua’s economy
While the first family’s political project is subsidized by a wellspring of Venezuelan petrodollars, most Nicaraguan households are relying on foreign subsidies of another type: remittance money sent home by family members working abroad. Nicaraguans last year received more than...
May 13, 2012 · 1 Comment

Are labor conditions improving under CAFTA?

Are labor conditions improving under CAFTA?

MANAGUA—After six years of record-setting growth in commerce and investment, Nicaragua continues to consolidate its position as the region’s unlikely poster child for the U.S. free-trade agreement with Central America (CAFTA). Though the Sandinista Front initially attempted to block the...
May 4, 2012 · No Comments

Is ALBANISA exporting oil to El Salvador?

Is ALBANISA exporting oil to El Salvador?

A mysterious oil spill at Puerto Sandino during Semana Santa has leaked sticky evidence of what is apparently a secretive and lucrative oil-exporting business that ALBA de Nicaragua (ALBANISA) is running on the side, according to an investigative report published...
May 2, 2012 · 2 Comments

For tourism, lots of movement behind the scenes

For tourism, lots of movement behind the scenes

The Nicaraguan Tourism Institute (INTUR) has launched a new partnership with global online travel booking agency Orbitz Worldwide and Taca Airlines as part of its new promotion and visibility campaign. The alliance is one of several strategic moves to help...
April 26, 2012 · 7 Comments

Tourism Minister: Nicaragua is not the ‘New Costa Rica’

Tourism Minister: Nicaragua is not the ‘New Costa Rica’

MANAGUA—For the past 10 years, unimaginative travel writers, real estate developers and all types of Nica neophytes have been calling Nicaragua “the next Costa Rica.” The hackneyed description is meant to be a comment on Nicaragua’s affordability and growth potential,...
April 23, 2012 · 30 Comments

AMCHAM, Grupo Pellas discuss U.S. waivers

AMCHAM, Grupo Pellas discuss U.S. waivers

The board of directors of the Nicaraguan-American Chamber of Commerce (AMCHAM) met this morning with Carlos Pellas, president of Grupo Pellas, to discuss the importance of improving Nicaragua’s business climate, strengthening its institutions and securing the U.S. waivers to ensure...
April 18, 2012 · No Comments

Diversification key to Nicaragua’s economic growth

Diversification key to Nicaragua’s economic growth

After chalking up impressive growth in exports and foreign-direct investment in 2011, Nicaragua is feeling the pressure to repeat this year. The 2012 numbers aren’t expected to be as eyebrow-raising as last year’s, when Nicaragua registered an extraordinary 47% increase...
April 16, 2012 · No Comments

Nicaragua’s economy set pace in 2011

Nicaragua’s economy set pace in 2011

Over the past five years of President Daniel Ortega’s government, Nicaragua’s economy has gone from being Central America’s perennial basket case to the region’s rising star. Not only is Nicaragua the fastest-growing economy in Central America in terms of exports...
April 9, 2012 · 11 Comments

Dune Sledding: Nicaragua’s next adventure sport?

Dune Sledding: Nicaragua’s next adventure sport?

PLAYA DUNA—On a hidden, white-sand beach nestled in a rocky cove at the bottom of a treacherous bluff, a new extreme sport—dune sledding— is being tested under careful scientific method. Well, actually, it’s only an “extreme sport” if you consider...
April 2, 2012 · 1 Comment