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National News – Religious Tourism in Nicaragua

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Religious Tourism in Nicaragua - Semana Santa

Religious Tourism in Nicaragua
The initial plan to create a Religious Tourism Sector has been presented by the Nicaraguan Institute of Tourism (INTUR). The initiative aims to promote almost 170 different events from around the country (21 of them in the Department of Rivas) to the visitors from various parts of the world. This promotion will have international appeal, however; the emphasis will be on Central American countries and Mexico as priority markets. INTUR will be working with tour operators to promote packages that feature the important religious events. They will be creating nine “tourist circuits” in Nicaragua that will include tours of churches, cathedrals, shrines and important venues where the traditional religious events take place.

Iconic Restaurant Re-Opens
T.G.I. FRIDAYS , the landmark restaurant at kilometer 5 on the Carretera a Masaya has re-opened after extensive renovations costing half a million US dollars. The expanded space can now accommodate up to 400 customers in the lounge, bar, VIP area and outside patio areas. Fridays offers a wide ranging menu of hamburgers, wings and pasta as well as an extensive range of beers. Although they only have one location in Nicaragua, they have looked at the possibility of adding other locations however on smaller scale.

Nica Gold Rush
The production of gold in Nicaragua has more than doubled in the last 10 years and from only 0.3% of its land area. The sharp growth in gold mining in Nicaragua is thanks to foreign companies with the financial resources to invest in the mining sector and taking the production to 267,000 ounces of gold (last year) from the 109,200 ounces it produced in 2006. Meanwhile, Silver output reached almost 682,000 ounces in 2016 yet was only 94,200 ounces in 2005. The “Mining Triangle” of Siuna, Rosita and Bonanza is the dominant production area and has been active since 1880. Out of each dollar generated by the mining of metals, US $0.66 cents stays in Nicaragua in the form of taxes, wages and the payment of local goods and services.

Minimum Wage
Last Wednesday, representatives from the three sectors (workers, business and government) that make up the National Minimum Wage Commission ratified the salary increase for the second half of 2017 at 4.125%. The increase, agreed to at the beginning of 2017 was dependent on various economic factors remaining equal. This current system of calculating the minimum wage increase is within the labor code rules which call for a review of the minimum wage twice a year. The new minimum wages (effective as of September) IN CORDOBAS;

  • Agricultural sector: C$. 3,773.82
  • Fishing: C$. 5,738.20
  • Mines and Quarries: C$. 6,777.6
  • Manufacturing: C$. 5,074.31
  • Micro and small craft industry: C$. 4,054.76
  • Electricity and Water, Commerce, Restaurants, Hotels, Transportation, Storage and Communications: C$. 6,921.93
  • Construction, financial institutions, insurance: C$. 8,445.44
  • Communal, social and personal services: C$. 5,290.48
  • Central and Municipal Government: C$. 4,706.12

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