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Latin America Investment News on Viva Tropical

Nicaragua: $20 Million in Tourism Investments for 2013

Article Summary:

Between January and March this year, the Nicaraguan Institute of Tourism (Intur) approved $20.5 million for tourism incentives for small and medium businesses, and expects to increase that amount to more than $51 million at the end of the first half of 2013.

Photo Credit: La Prensa Nicaragual

Original Article Text From La Prensa Nicaragua via Google Translate :

Dan U.S. $ 20 million in Incentives

Between January and March this year, the Nicaraguan Institute of Tourism (Intur) approved $ 20.5 million in tourism incentives for small and medium businesses, and expects to increase that amount to more than 51 million dollars at the end of the first semester , 2013.

The amount approved in the first quarter, $ 17 million will be used for the purchase of aircraft parts and new aircraft, according to the Intur through a press release.

More than twenty million dollars in incentives represent six projects, half of them linked to the hotel sector. “Three small hotels have begun operations, which are located in the Pacific of Nicaragua, this has allowed to add 76 rooms to the demand of domestic and international tourism, with more than 112 beds,” says the document.

Only three small hotels in incentives received $ 1.9 million, and “generated 258 permanent jobs.”

MORE PROJECTS PENDING
Also in the hands of the board, responsible for approving these tax benefits in Intur are 29 projects that also require incentives totaling $ 31 million, she said.

Nicaragua last year received over 400 million dollars in tourism revenue and received over 1.2 million visitors, according to official figures.

Link to Original Article:

From La Prensa Nicaragua

Latin America Investment News on Viva Tropical