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Nicaragua Dispatch

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Is Cone Denim going to reopen?

(posted April 26, 9:20 a.m.)- Cone Denim’s massive $100 million textile plant in Ciudad Sandino, which opened in April 2008 just to close a few months later due to the world economic crisis, will reopen by the end of 2012...
April 26, 2012 · No Comments


ProNicaragua ranks as world’s top investment-promotion agency

ProNicaragua ranks as world’s top investment-promotion agency

(posted April 23, 1:00 p.m.)- After helping deliver monstrous 91% growth in foreign-direct investment in 2011, Nicaragua’s investment-promotion agency ProNicaragua was rewarded for its hard work by being named the top investment-promotion agency in the world, according to Global Investment...
April 23, 2012 · 1 Comment


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


Moving the fence line: Teonoste conflict will test rule of law

Moving the fence line: Teonoste conflict will test rule of law

Editorial TOLA—The government’s recent stake to a 20-manzana lot of prime beachfront property allegedly owned by Punta Teonoste eco-hotel has been an unwelcome reminder of how Nicaragua’s long shadow from the past continues to obscure the path forward. Like a...
February 27, 2012 · 10 Comments


A lawyer’s clarification on border zones

A lawyer’s clarification on border zones

In response to your article “Government Investigates Borderland Titles,” published Feb. 19 Nicaragua Dispatch, I want to make a couple of legal clarifications regarding the penultimate and antepenultimate paragraphs, where you write:   The law establishes a 5-km “Border Security...
February 23, 2012 · No Comments


Teonoste in talks with gov’t

Teonoste in talks with gov’t

(published Feb. 23, 6:40 p.m.)- TOLA—A week after sounding the alarm bells by accusing the Sandinista government of trying to confiscate 20 manzanas (34.5 acres) of their family’s land adjacent to their $2 million Eco-resort Punta Teonoste, the Bühler family...
February 23, 2012 · 2 Comments


Gov’t investigates borderland titles

Gov’t investigates borderland titles

The Environmental Prosecutors’ Office is investigating land titles along the southern border with Costa Rica to determine what properties are in the hands of Ticos who bought land “to extract natural resources” from the Nicaraguan side of the border, according...
February 19, 2012 · No Comments


Teonoste row sparks fears of confiscations

Teonoste row sparks fears of confiscations

The government’s armed takeover of a property allegedly belonging to Hotel Punta Teonoste, a luxury eco-resort on Nicaragua’s southern Pacific coast, is sending shockwaves throughout the investment community and renewing fears of Sandinista confiscations. Walter Bühler, the Swiss-born majority owner...
February 17, 2012 · 15 Comments


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      A 22-year-old U.S. missionary who drowned last week off Nicaragua’s Pacific coast is being laid to rest on Saturday in his hometown in Kentucky. Nathan Fouts, who arrived to Nicaragua on May 6 as part of a Pentecostal mission trip…

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      The U.S. military detachment at the U.S. Embassy in Managua today donated $96,000 worth of parachute equipment to the Nicaraguan Army’s Special Operations Unit. The donation, which includes 50 parachutes, altimeters and neon jump lights, will help strengthen the Nicaraguan…

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