Nicaragua: Incentives for Oil Investments

Kevin Bird
2308
By approving the changes to the Special Law for Exploration and Exploitation of Hydrocarbons, the country's oil sector contractors are exonerated from all taxes. Monday, December 16, 2019   The amendments stipulate that transfers of agreed contracts shall not pay taxes during the exploration period, and the direct or indirect…
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S&P Downgrades Nicaragua

Kevin Bird
2432
Monday, November 12, 2018 Arguing that the country's fiscal and financial profiles have weakened, Standard & Poor´s downgraded from B to B- the negative outlook for Nicaragua's foreign currency debt. The negative outlook reflects a greater than one of every three probabilities of a downgrade in the next 12 months…
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Guatemala: Agricultural production increases 4%

Kevin Bird
1684
Thursday, November 8, 2018 Because of the coffee production performance, during the second quarter of the year the Guatemalan agricultural GDP grew 4% compared to the same period in 2017. From the statement of the Chamber of Agriculture of Guatemala: Guatemala, November 8th, 2018. According to information from the data analysis consultant on economic, financial and socio-political…
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Guatemala: 3% Increase in Economic Activity

Kevin Bird
1462
Friday, November 9, 2018 In September, economic activity reported a 3% increase over the same month in 2017, mainly because of the performance of the transport and commerce sector. The Banco de Guatemala reported that the economic activity measured by the estimation of the IMAE in September 2018, presented a growth rate of 3.0%…
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Agricultural business in Central America

Kevin Bird
1587
Thursday, November 8, 2018 Coffee is still the main agricultural product sold abroad, with annual exports of around $3,035 million, followed by bananas, with $2,574 million and sugar, with $1,241 million. Figures from the interactive platform "Central American Crops Monitoring" compiled by CentralAmericaData's Business Intelligence Unit: During the last year, the main coffee export destinations…
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Furniture and Wood Experiencing Low Sales

Kevin Bird
1662
Thursday, November 8, 2018 Businessmen in Nicaragua reported that from January to September sales of furniture and wood showed a decrease of 60% compared to the same period in 2017. According to the second Monitoring of Economic Activities in Nicaragua, of the Superior Council of Private Enterprise (Cosep) and the Nicaraguan…
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