PRONicaragua

The Economic Commission for Latin America (ECLAC) recently forecasted that Nicaragua’s economy will grow by 5 percent this year, an increase well above Latin America’s average growth of 3 percent.

General Álvaro Baltodano, Presidential Delegate for Investments, recently stated that the 215 free zones companies currently operating in the country directly employ 103,000 people and 311,000 indirectly.

Hundreds of exporters of food products from Central America, Mexico, Colombia, and the Dominican Republic met with more than 50 international buyers at LAC Flavors, a business roundtable.

Nicaragua seeks to improve its position in the growing sub-sector of medical tourism, which generated US$4.8 million in revenues in 2012 and is continuously growing each year, according to specialists.

Nicaragua reached a historic record of nearly US$1.3 billion in terms of foreign direct investment (FDI) inflows in 2012.

Global foreign direct investment (FDI) inflows fell by 18 per cent to US$1.35 trillion in 2012.

Nicaragua presented at the St. Petersburg International Economic Forum in Russia the construction of the Nicaraguan canal that will under the management of the Chinese company HKND, established in Hong Kong.

In less than three years, Dräexlmaier, a German auto wire harness company established in Nicaragua has multiplied its personnel by 30 and is now preparing to double its industrial space.

According to the Mayra Salinas, President of the Nicaraguan Tourism Board (INTUR, for its acronym in Spanish), the tourism sector in Nicaragua jumped from 140,000 to 168,000 employees in the past 12 months.

The Government of Nicaragua received award by the Food and Agriculture Organization of the United Nations (FAO) for reducing the number of malnourished people in the country by 50 percent before 2015.