Thursday, May 9, 2024

Biz Briefs

Biz Briefs

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...

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...

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...

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...

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...

Nicaragua’s Best Selling Beer now Available in Spain

The Nicaraguan Beer Company; Compañía Cervecera de Nicaragua S.A. (CCN for short) produces a variety of different beers, one of them being Toña, Nicaragua’s...

Canada will Apostille Documents starting in January 2024

On May 16th 2023, Canada announced that it has joined the Hague Apostille Convention. The abolishment of the requirement to legalize foreign public documents...

Minimum Wage Review 2022 – Unions want Double Figure Increase

With the New Year less than a week old, at least one side in the Tri-Party Wage Commission is already looking forward to starting...

Minimum Wage Negotiations 2024

It’s a new year and time for Nicaragua’s Minimum Wage Commission to sit down for the minimum wage negotiations in order to reach a...

Free Trade Zones Bounce Back – Export Sales Up 50%

Exports from free trade zones in Nicaragua rose by a little over 48% in the first half of 2021 when compared with the same...