Sept. 21, 2012
-- The Nicaraguan Embassy in Finland in association with PRONicaragua, the official investment and export promotion agency of Nicaragua, the Finnish Chamber of Commerce (FINNCHAM) and the Finnish Business Partnership Program (Finnpartnership)
, held the seminar “Nicaragua, the Right Move for the XXI Century” at the World Trade Center in Helsinki this past week, during which a total of sixty businessmen learned about Nicaragua’s various competitive advantages and investment opportunities.
The seminar was presided over by General Alvaro Baltodano, Nicaraguan Presidential Delegate for Investments, who began his address by thanking the audience, made up by executives from diverse sectors and businesses. During the presentations, General Baltodano and Javier Chamorro, Executive Director of PRONicaragua, showcased why Nicaragua has been positioned as an attractive investment destination. The speakers highlighted the opportunities Nicaragua offers to Finnish and international companies seeking to expand their operations and increase their global competitiveness.
Additionally, the Delegation also held meetings with prestigious Finnish companies, as well as travelled to Copenhagen to meet with Ministry for Trade and Investment of Denmark and participate in a seminar organized by the Confederation of the Danish Industry (DI).
Foreign direct investment (FDI) from the Nordic countries averaged US$5.5 million during the 2007-2010 period, mainly in the energy, forestry, free zones and tourism sectors. However, in 2011, FDI from the region reached a record of US$41 million, of which 80 percent originated from Denmark.
Although this represents a significant growth, the Nicaraguan delegation highlighted the importance of continuing to foster the economic and business activities between the region and Nicaragua. In this context, representatives from Finnpartnership will be meeting with Nicaraguan representatives next week with the objective of promoting trade cooperation between Nicaraguan and Finnish companies through joint-ventures and business assessments.