PRONicaragua

Milagro del Mar Beach & Golf Resort resumed construction this week on its luxury beachfront condominium project, which will soon become the first major hotel brand to open on Nicaragua’s Pacific coast in more than 20 years.

Nicaragua recently participated in the Inter-American Competitiveness Network (RIAC, for its acronym in Spanish) organized by the Annual Americas Competitiveness Forum (ACF) in the city of Cali, Colombia.

World-class beach resort will offer guests pampering along with authentic experiences in Nicaragua.

Condor Gold recently stated the Ministry of Energy and Mines approved its strategic purchase of the 27 km2 La Mojarra concession, triggering a US$240,000 payment.

The 2013 Doing Business Report, recently published by the World Bank, revealed that Nicaragua improved a position in its overall ranking with positive developments in the Trading Across Borders, and Resolving Insolvency categories.

The Ministry of Energy and Mines of Nicaragua recently unveiled a US$17 million program for the efficiency in national public lighting, as part of an effort to save approximately 35 megawatts of energy per hour.

Nicaraguan businessmen meet in late October with Walter Bastian, U.S. Deputy Assistant Secretary for the Western Hemisphere of the Department of Commerce International Trade Administration, during a competitiveness forum in Cali, Colombia.

Projections demonstrate that Nicaragua will close 2012 with approximately US$1,000 million in terms of FDI.

A publication by the Latin Business Chronicle stated that Nicaragua was the country with the highest index of FDI as percentage of the GDP in Latin America in 2011, with a total of 13.3%, followed distantly by Panama with 9.1% and Chile with 7.0%.

The Center for Export Procedures in Nicaragua, recently announced that between January and September, the country’s exports reached US$2,075.3 million in value and 1.35 million tons in volume.