The 5 economic news of the week
In the second week of February, the Sandinista regime implements several decisions on the national economy.
TL;DR
- Conviasa suspended flights between Caracas, Havana, and Managua from February 10-19 due to fuel supply issues and new Nicaraguan migratory requirements.
- Nicaragua's National Assembly approved the absorption of the Nicaraguan Institute of Agricultural Technology (INTA) into the Ministry of Agriculture (MAG), effective upon publication in the official gazette.
- The Sandinista regime granted two mining concessions totaling nearly 40,000 hectares to Chinese company Nicaragua Xinzin Linze Minería Group S.A. for the exploitation of metallic and non-metallic minerals.
- One concession of 33,910 hectares is located in Bluefields, while another of 6,036.06 hectares is in Jinotega and the North Caribbean Coast Autonomous Region.
- Nicaraguan bakeries project selling approximately 250,000 cakes for Valentine's Day, with popular flavors including chocolate, fruit, vanilla, and strawberry, and prices ranging from 600 to 1,000 córdobas.