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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...
Nicaraguan Coffee Oro is a Golden Crop
On March 30th, 2021 Nica-Biz reported on the “Central American Coffee Cupping in Taiwan 2021" featuring Nicaraguan Coffee Oro as well as coffee from...
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...
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,...
Real Estate Brokerage Law now comes under INVUR
On April 11th 2024, the National Assembly of Nicaragua (Parliament) reformed Law No. 1129 - The Real Estate Brokerage Law of Nicaragua and made...
Nicaragua to Increase Asian Exports & Boost Foreign Trade
Iván Acosta, the Finance Minister (El ministro de Hacienda) has announced that Nicaragua will Increase Asian Exports as part of the country’s policy of...
May 1st Holiday in Nicaragua is the Day of the Workers
Wednesday May 1st 2024 will be the Day of the Workers (Día de los Trabajadores) Statutory Holiday in Nicaragua and is one of two...
Zona Franca Employees – 8.25% Wage Increase Jan. 1st, 2022
Almost 130,000 Zona Franca (Tax Free Trade Zones) employees will receive an 8.25% raise starting on January 1st, 2022.
It’s the last year of the...
Tigo Business and Amazon Web Services Partnership
Press Release: Millicom’s Tigo Business and Amazon Web Services (AWS) have partnered to expand and integrate its managed and professional services into its cloud...
Nicaragua has Recovered Lost Jobs with Foreign Investment
After experiencing a run of job losses earlier this year in the Zona Franca sector, Nicaragua has recovered the lost jobs with new businesses...
