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Free Trade Zone Companies Reach Partial Agreement with Ortega, Discussions Continue May 27, 2008 – After the recent decision of several Asian companies operating garment factories in Nicaragua’s Free Trade Zones to move their operations to Asia, pressure has built on President Daniel Ortega’s government... Read the rest Nicaraguan Government Announces Measures to Combat Inflationary Tsunami May 27, 2008 – On May 22 Trade and Commerce Minister Orlando Solorzano warned during a press conference that spiraling oil prices threaten to provoke a “tsunami” in the Nicaraguan economy. “We must prepare... Read the rest Brazil Makes High Profile Investment in US May 23, 2008 – Melbourne, Florida -- The Brazilian aircraft manufacturer, Embraer, is set to build a factory in the southern U.S. state of Florida to make executive jets. The move by the world's... Read the rest Transportation Strike Ends with Agreement to Increase Diesel Subsidy May 20, 2008 – Hold-outs who rejected an initial government offer of a US$0.30 per gallon fuel subsidy for transportation cooperatives called off their 11 day transportation strike at the end of last week... Read the rest Negotiations to Bring Partial Transportation Strike to an End Fail to Bear Fruit May 13, 2008 – The impact of the transportation strike which began on May 5 was reduced significantly on May 10 after the government signed an agreement with the majority of the bus and... Read the rest National Transportation Strike Threatens Chaos May 6, 2008 – Despite the government’s offer to sell fuel directly to transportation sector saving them 25% and sell parts tax free, a national public and freight transportation strike was announced on May... Read the rest Pro- and Anti-Government Unions Demand Price Freezing on International Workers Day May 6, 2008 – An estimated 20,000 people attended a May Day event organized by the National Workers’ Front (FNT) on Apr. 30. Speakers included President Daniel Ortega, Labor Minister Jeanette Chavez, FNT President... Read the rest ENACAL Puts Lien on Union Fenosa Properties Apr 22, 2008 – On Apr. 21 the Third District Civil Judge of Managua, Napoleon Sanchez, put a lien (worth approximately US$1 million) on two properties and several trucks belonging to the Spanish transnational... Read the rest Nicaraguan Central Bank Deposits CENIS Debt Payment Awaiting Definitive Judicial Ruling Apr 22, 2008 – On Apr. 15 President of the Nicaraguan Central Bank Antenor Rosales announced that US$20 million, which was scheduled to be paid to Banpro (Bank of Production) and Bancentro (Bank of... Read the rest Illicit CENIS Bonds Seized: Treasury Confirms Suspension of 2008 CENIS Debt Payments Apr 17, 2008 – Between Apr. 8 and 11 Judge Julio Cesar Arias and Special Prosecutor Armando Juarez seized CENIS (Certificates of Negotiated Investment) bonds held by the Bank of Production (BANPRO) and the... Read the rest Government Warns of Increasing Food Prices, Announces Plan to Finance Basic Grain Production Apr 16, 2008 – During a public meeting in Masaya on Apr. 13 President Daniel Ortega reiterated his concern about further and continuous increases in basic food prices caused, at least in part, by... Read the rest Contradictions Over CENIS Case Intensify as Payment Date Looms Apr 11, 2008 – Nicaraguan Central Bank President Antenor Rosales met with the justices of the Supreme Court on Apr. 2 to discuss the thorny issue of payments on the CENIS (Certificates of Negotiated... Read the rest Nicaraguans Living Abroad Sent $739M Home in 2007 Mar 20, 2008 – The remittances that Nicaraguans living abroad sent to their family members in Nicaragua reached US$739.6 million in 2007, according to the Central Bank of Nicaragua. This was the highest figure... Read the rest ENACAL Brings in Rate Increases and Charges for Water Extraction from Private Wells Mar 15, 2008 – A presidential decree issued on Feb. 14 authorizes the state water company ENACAL to apply monthly charges to companies, organizations and individuals that extract water from private wells for commercial... Read the rest IMF Mission: Considerable Progress in Implementation of Economic Program Mar 12, 2008 – The high level International Monetary Fund (IMF) mission which was in Nicaragua monitoring the implementation of the government's three year economic program between Feb. 25 and Mar. 7 issued a... Read the rest IMF Mission Begins Two Weeks of Meetings with Nicaraguan Government Mar 7, 2008 – On Feb. 25 an International Monetary Fund (IMF) delegation began a two week review of the three year economic agreement the organization signed with the Nicaraguan government last year. During... Read the rest Costs of Production will Keep Bean Prices High Mar 5, 2008 – In spite of what is expected to be a good third harvest of beans in Nicaragua, the president of the Union of Farmers and Ranchers (UNAG), Alvaro Fiallos, said that... Read the rest Monkey Point Port Bidding to Begin within a Month Mar 4, 2008 – According to Virgilio Silva, the president of the Nicaraguan Ports Company (EPN), the bidding for the construction of a deep water port at Monkey Point will begin within a month.... Read the rest Economic Committee to Request Report about Venezuelan Cooperation Mar 3, 2008 – Sandinista Renovation Movement (MRS) deputy Enrique Saenz said that the National Assembly Economic Committee will request a report from the government about how the money from the sale of Venezuelan... Read the rest Nicaraguan Government Announces Successful Renegotiation of CENIS Debt Feb 29, 2008 – On Feb. 21 President of the Nicaraguan Central Bank Antenor Rosales announced that the government had successfully renegotiated the terms of the Certificates of Negotiated Investment (CENIS) debt it has... Read the rest Judge Orders Suspension of CENIS Payments but Government Refuses to Comply Feb 19, 2008 – On Feb. 14 Judge Julio Cesar Arias of the Fifth District Criminal Court ordered that all payments on the debt created by the issuing of the bonds known as Negotiated... Read the rest Labor Unions Denounce Free Trade Zone Companies' Threat to Leave Nicaragua Feb 5, 2008 – A joint declaration of five labor unions from Central America protested the threat by eight multinational companies with textile factories within the Nicaraguan Free Trade Zones to suspend operations in... Read the rest 15 Percent Increase Agreed for Minimum Wage Jan 22, 2008 – On Jan. 17 after ten days of negotiations, representatives of the Ministry of Public Finance, the biggest labor unions and the small, medium and micro companies, signed an agreement for... Read the rest COSEP Abandons Talks to Raise Minimum Wage Jan 15, 2008 – The Superior Council of Private Enterprise (COSEP) has abandoned talks with the labor unions and the Ministry of Labor to raise the minimum wage, COSEP president Jose Adan Aguirre announced... Read the rest Venezuela Cuts Foreign Oil Clients' Payment Time Jan 9, 2008 – Venezuela's state-run oil company has cut the time for foreign companies to pay for oil purchases from 30 days to eight days. Petroleos de Venezuela SA (PDVSA) said in... Read the rest Venezuela Hopes New Currency Will Curb Inflation Jan 7, 2008 – Caracas -- Venezuela has launched a new currency aimed, in part, at curbing high inflation rates in the oil-producing nation. Prices have risen in Venezuela due to soaring consumer demand,... Read the rest Venezuela Launches New Currency to Fight Inflation Jan 2, 2008 – Venezuela has begun using a new currency system in an effort to slow the country's rate of inflation. The "strong bolivar" began circulating on January 1. The money was created... Read the rest Venezuelan Officials Promise New Anti-Inflationary Measures Jan 2, 2008 – Venezuela's government has promised new measures to combat the country's inflation rate, which is the highest in the region. Finance Minister Rodrigo Cabezas said Wednesday that his country's inflation rate... Read the rest Nicaragua Central Bank Announces Repurchase of Foreign Commercial Debt Dec 20, 2007 – On Dec. 5 the Minister of Public Finance Alberto Guevara announced that the Central Bank will buy US$1.326 billion (94%) of Nicaragua's foreign commercial debt as part of a plan... Read the rest Two New Councils of Citizen Power to Sell Food Products at Moderate Prices Dec 18, 2007 – On Dec. 13, President Daniel Ortega and his wife Rosario Murillo inaugurated two new Councils of Citizen Power (CPCs) that were formed by owners of small stores and makers of... Read the rest Search TheGringo
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Book Review: Peoples of the Earth : A sensitive & comprehensive portrait of the First Peoples of the 'New World' Sugar Workers Dying from Kidney Failure Isolated Tribe in Brazil Spotted From the Air Update on Tropical Storm Alma Tropical Storm Alma Hits Nicaragua Special Update on Hurricane Alma Cuba Policy Sets Obama Apart in US Campaign Amnesty Cites Historic Changes, Human Rights Violations in Latin America Library of Congress Exhibit Explores Early Americas Free Trade Zone Companies Reach Partial Agreement with Ortega, Discussions Continue Trivelli: After 9/11 no country wants to be considered a refuge for terrorists Supreme Electoral Council Cancels Legal Status of PC, MRS and Two Indigenous Parties Nicaraguan Government Announces Measures to Combat Inflationary Tsunami Sao Paulo Forum: Latin America experiences a change of epoch Colombian Rebels Confirm Leader's Death Leader of Colombia's Main Rebel Group Reported Dead Brazil Makes High Profile Investment in US Colombia Investigating Lawmakers, Foreigners and Journalists over Rebel Contacts Argentine Government Officials, Farmers Clash Again over Export Tax Bush Allows Sending Cell Phones to Cuba Mexico Wages Bloody War with Drug Cartels US Embassy Advises Citizens in Nicaragua to Take Extra Care Womens Groups Very Concerned about Steep Rise in Violence Opposition Complains about Asylum for Injured Victims of Colombian Attack in Ecuador Transportation Strike Ends with Agreement to Increase Diesel Subsidy IMF Refuses to Disburse $39M Due to National Assembly Failure to Pass Anti Fraud Law Human Rights Ombudsman Wants to End Sending Nicaraguan Military to SOA Nicaraguan Attorney General Committed to Establishing Indigenous Ownership of Pearl Cays Sandinista Government Makes Health and Education Gains Colombian Survivors of Attack on FARC Camp Given Asylum in Nicaragua Negotiations to Bring Partial Transportation Strike to an End Fail to Bear Fruit Regional Position on Food Crisis Consolidated during Presidential Summit Guatemala: Rio Negro Survivors Identify Executioners Newspapers Ignore German Government Statement about Reasons for Suspension of Aid New FSLN-PLC Pact May Solve Institutional Crisis National Transportation Strike Threatens Chaos Pro- and Anti-Government Unions Demand Price Freezing on International Workers Day Ortega Accuses US Embassy of Financing Counter-Revolution ENACAL Puts Lien on Union Fenosa Properties Central American Countries Agree to Work Together to Increase Regional Food Security Nicaraguan Government Guarantees Personal Security of FARC Camp Attack Survivor Nicaraguan Central Bank Deposits CENIS Debt Payment Awaiting Definitive Judicial Ruling Opposition Fails to Pass Bill to Reverse Postponement of RAAN Elections Incoming US Ambassador Says Ortega Should Moderate His Rhetoric RAAN Election Crisis Threatens IMF Loans and Foreign Aid Illicit CENIS Bonds Seized: Treasury Confirms Suspension of 2008 CENIS Debt Payments A Victory Against Silence: Genocide Case Testimony Heard Today in Guatemala! Government Warns of Increasing Food Prices, Announces Plan to Finance Basic Grain Production Nicaraguan - Honduran Relations Better Than Ever, Say Presidents Ortega and Zelaya IMF Accepts 16% Public Sector Rise; Government Requests More Funds for RAAN The Practical Nomad: 4th Edition
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