Tuesday 21 September 2021

Good Prospects for Retail in Nicaragua

Paying the bills

Latest

U.S. to relax travel restrictions for vaccinated foreign air travelers in November

(Reuters) - The United States will reopen in November...

Today’s Vehicle Restriction September 21: Plates ending in “3 & 4” CANNOT circulate

QCOSTARICA - For today, Tuesday, September 21, vehicles with...

1,308 complaints about parties and agglomerations this weekend

QCOSTARICA - Police actions to enforce health regulations do...

ELON MUSK LAYS OUT WHEN TESLA WILL START RECEIVING BITCOIN

Following the series of accusations and backlash levelled against...

Top 3 Tips for Better Online Casino Security

The gambling industry has prospered over the years and...
Paying the bills

Share

The Nicaragua retail industry projects US$680 million in sales in the Christmas and end of the year season, which would represent a 7% increase compared to the 2016 season.

The Cámara de Comercio y Servicios de Nicaragua (CCSN) – Chamber of Commerce and Services of Nicaragua – projects an increase in sales in the two months remaining until the end the year, especially for products such as food, beverages, textiles, clothing, toys, appliances and vehicles.

- Advertisement -

Rosendo Mayorga, president of the CCSN, explained to Elnuevodiario.com.ni that “… Christmas is one of the most economically dynamic times throughout the year, which is well received by the sector.”

“… Mayorga explained that those $680 million will be financed in different ways: $369 million from the Christmas or thirteenth month bonus; $25 million corresponding to 50% of the fourteenth month paid by the central government; $2 million from the solidarity bonuses; and $238 million from family remittances. On top of this there is $37 million in personal loans and $9 million in credit cards.”

Article originally appeared on Today Nicaragua and is republished here with permission.

- Advertisement -
Paying the bills
Q24N
Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

Related Articles

Covid-19 deaths skyrocket throughout September in Nicaragua

TODAY NICARAGUA – In the past week, a total of 329...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Article originally appeared on Today Nicaragua and is republished here with permission.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.