Wednesday, May 8, 2024

Business

Business

KLM Resumes Flights to Costa Rica (SJ & Liberia)

Europeans travelling to one of their favorite destinations will be delighted with the news that KLM will be resuming flights to Costa Rica on...

Job Losses as another Zona Franca Closes in Managua

As suspected after the story first broke last weekend, the only Tegra owned zona franca facility in Nicaragua; New Holland Apparel (NHA) in Tipitapa...

Minimum Wage 2024 Consensus Reached: 10.1% Increase

This year’s minimum wage discussions went down to the wire and it needed the extra Leap Year day this February to get the result. However,...

Astro Packing Solution S.A. Announces Indefinite Closure

News today from Managua as Astro Packing Solution, S.A. announces the indefinite closure of their manufacturing facility in Tipitapa. The business blames the shortage of...

Nicaragua and Mexico Air Transport Agreement

This week, the National Assembly of Nicaragua (the legislative branch of government) has approved an agreement regarding air transportation between Nicaragua and Mexico aimed...

Labor Day Long Weekend in Nicaragua (May 1st)

This year, the annual May 1st Labor Day Holiday (Día Internacional de los Trabajadores) falls on a Saturday and is a Statutory Holiday (Feriado...

Real Estate Brokers in Nicaragua – Law under Review

The existing and comprehensive Law 602 on Real Estate Brokers in Nicaragua "Ley de Correduría de Bienes Raíces de Nicaragua" has been re-written, updated...

Loto Nicaragua – Canada Hands over Control to Private Sector

The Canadian Commercial Corporation (CCC), an arm of the Government of Canada will transfer the management of Loto Nicaragua to the Canadian Bank Note...

Minimum Wage Up 10% – Wage Commission Agreement

Alba Luz Torres (Minister of Labor) has announced that a consensus was reached today in the triparty minimum wage negotiations and as a result...

May Day Statutory Holiday – Labor Day Long Weekend

May Day in Nicaragua is celebrated with a statutory holiday for “Día Internacional de los Trabajadores” (International Workers Day). On Monday May 1st, Nicaragua will...