Study of Foreign Investment in Central America
Costa Rica recorded $3,921 billion in foreign direct investment in 2023, marking a 24% increase from 2022 when FDI amounted to $3,163.9 million, as reported by the Foreign Trade Promotion…
NICARAGUA – According to IMF, Nicaragua’s GDP increased 4% in 2023 and will continue to rise by 2024
The International Monetary Fund (IMF) estimated that Nicaragua's economic growth will increase by 3.5% next year. This is thanks to the inflow of family remittances -which saw an increase of…
NICARAGUA – New Rule on Purchase and Sale of Credit Assets
The Superintendency of Banks and Other Financial Institutions (“SIBOIF”) issued Resolution No. CD-SIBOIF-1360-1-FEB14-2023 "Rule on Purchases and Sales of Credit Assets" ("the Rule"), which was published in La Gaceta, Diario…
NICARAGUA – New Minimum Monthly Wage
The National Minimum Wage Commission announced through Act No. 1 CNSM-02/23/203 the entry into force as of March 1, 2023 of the new monthly minimum wages that will govern Nicaragua…
NICARAGUA – Reduction of the exchange rate sliding rate of Cordoba to the Dollar by 1% per year
The Central Bank of Nicaragua (BCN), through a Press Release published on January 23, 2023, announced that its Board of Directors decided to establish the sliding rate (crawling peg) of…
NICARAGUA – Application of Exemptions for Electric Vehicles
The Ministry of Finance and Public Credit (MHCP) published on June 20, 2022, Ministerial Agreement No. 011-2022 ("Rules and Procedures for the Application of Exemptions to Electric Mobility"), in order…
NICARAGUA – Towards Electric Mobility
First and foremost it is important to make it clear what it is we are talking about What is the electric mobility? Electric mobility makes use of one or more…
Nicaraguan Intellectual Property Office authorizes documents without legalization for Trademark Matters.
As a result of the Covid-19 pandemic that is affecting the entire world, the authorities of the Intellectual Property Office in Nicaragua issued on May 5th, 2020, Public Note No.…