Third German edition of Doing Business in Nicaragua 2017-2018 launched today

Managua, Nicaragua; February 27, 2018

In a joint effort of the Government of Nicaragua through PRONicaragua, the official investment promotion agency, the Ministry of Development, Industry and Trade (MIFIC, by its Spanish acronym), in collaboration with the Nicaraguan-German Chamber of Industry and Trade (AHK, by its acronym in German), the third German language edition of Doing Business in Nicaragua 2017-2018 / Leitfaden für Investitionen 2017-2018 was launched today.

The guide is published on an annual basis digitally and in print and its main objective is to provide investors, from German-speaking countries, the most relevant and up-to-date information on the competitive advantages offered by Nicaragua. The guide provides information on business climate conditions, the macroeconomic environment, national legislation, investment incentives and citizen safety, among other important issues.

This third edition is another positive result of the Model of Alliance, Dialogue and Consensus promoted by the Government along with the private sector. This model has achieved stability and economic growth for the country, making it an ideal destination for investment.

According to data issued by the Nicaraguan Central Bank (BCN), foreign investment from Germany totales US$48 million between 2012-2017, with an annual accumulated growth rate of 25 percent. The economic sectors that attracted the most investment were: industry (56%), finance (23%) and agriculture (19%). For their part, exports to Germany in 2017 grew by close to 50 percent over the previous year reaching US$53 million. The main exported products were: coffee (76%), bananas (13%) and cocoa (4%).

The Doing Business in Nicaragua Guide / Leitfaden für Investitionen 2017-2018, will be distributed through key institutions that promote investment in Nicaragua, including Embassies and Consulates abroad, and Chambers of Commerce in Germany. It will also be published on the website and social media  of MIFIC and distributed directly to national and foreign investors visiting Nicaragua and to private companies and chambers.


Article source here.