Nicaragua Real Estate - Granada Real Estate, Gran Pacifica, Ocean Front Properties, Offshore Investments - Offshore Banking, Investment Tours, Gran Pacifica
MAY 2008 GRAN PACIFICA NEWSLETTER ( NEXT LETTER SEPTEMBER )
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May 2008Issue: 2008 - 3Nica - NewsletterDear readers, Your invitation to this newsletter is brought to you by Barry Dufresne, Sales Representative for Gran Pacifica. Our company Rica Nica Nicaragua Real Estate Sales and Tourism is dedicated to providing you the most up-to-date information and opportunities in Nicaragua. I lived in Nicaragua for 6 years and know the beautiful culture, lifestyle and the incredible opportunities for retirement, resort vacation and investment in Central America. Rica Nica Nicaragua Real Estate Sales and Tourism, also offer he best opportunity for affiliate sales referrals, would you like to make real commissions on real sales of he best investment opportunity in Central America.Contact Barry Dufresne, President of Stealthfinancial for more details. Rica Nica Nicaragua Real Estate has also negotiated with Gran Pacifica, some of he best opportunities at special discounts. So make sure you get back to us Contact Barry Dufresne, President of Stealthfinancial and quote special opportunity discount `RicaNica007`for details. This is the time of year the rainy season when things are slower, as when the fall winter season begins again prices will surely be increasing. So now is the time to take a serious look at the Gran Pacifica opportunities and act now. And one more promotional opportunity. We want you to truly see first hand the beauty, the culture and wonderful lifestyle of Nicaragua, that any client purchasing any property in Gran Pacifica in July or August, Rica Nica will reimburse your airfare and hotel expenses. So now back to Gran Pacifica`s Summer Newsletter. Enjoy The rainy season is near to refresh the land. We will see how everything goes from a golden dryness to all kinds of green in the blink of an eye. It is a wonderful ability the Nicaraguan soil has to do this magic! In this new edition, you will find a selection of different press articles, news on our project in Belize as well as on Nicaragua’s economy. The country is preparing the campaign to elect municipal authorities in November this year, and we hope all is for the best of the country. Important companies have been opening their facilities taking advantage of the one-of-a-kind opportunities this country gives to investors. We hope you enjoy this issue and keep in touch, Fabricia Sánchez Table of Contents
TourismTourists Discover Peaceful NicaraguaThe historic colonial city of Granada is a well preserved cultural oasisSilvana Saccomani, Canwest News ServiceIf Granada invokes the heady smell of orange blossoms, the lavish Moorish-styled Alhambra or the rhythms of flamenco guitar, you've traveled too far. On this side of the Atlantic Ocean, the Nicaraguan city of Granada is squeezed between the hulking Mombacho volcano and Lago Cocibolca, 20th largest lake in the world. Craig Baskett and Eva Logan have just returned from there. As Nicaragua celebrates its second decade of peace, tourists are discovering Granada as one of the most attractive historic centres in Central America. "Over the years we've spent a fair bit of time in Mexico and Guatemala, and have always enjoyed the culture and food of this region," says Baskett, who adds they became curious about Nicaragua after hearing and reading about the country's safety record, charming architecture and great value. Must see, must do To continue reading, click here Good and bad of travel changesA smart traveler takes the time to review the big developments in travel, because these larger trends can inform your own vacation decisions. Some are awfully obvious, and yet deserve renewed attention:
To continue reading, click here Business and EconomyNicaragua sees foreign direct investment up 18 pctMANAGUA, Mar 25 (Reuters) - Nicaragua's government said on Tuesday it expects to increase foreign direct investment by 18 percent this year, about the same rate as in 2007, with strong growth in textiles and agriculture. Nicaragua reported foreign direct investment of $335 million last year. Foreign firms are likely to invest in adding value to textile and agriculture goods exported by Nicaragua, government official Javier Chamorro told reporters. International Textile Group’s Cone Denim Celebrates Nicaragua OpeningBy International Textile Group International Textile Group's ("ITG")(OTC Bulletin Board: ITXN) Cone Denim has announced the opening of its Nicaragua operation. Located outside Managua, Nicaragua in the Jorge Bolanos Abaunza Textile Park, the Cone Denim Nicaragua (CDN) facility held its Grand Opening Ceremony on April 22. A fully vertical operation, CDN is equipped with the most modern manufacturing equipment to process raw cotton through finished denim fabric. The facility has a capacity of approximately 28 million yards per year and will employ about 850 people. To continue reading, click here Nicaragua more pro-oil than Florida and CaliforniaThomas Lifson Even Daniel Ortega, the leftist president of Nicaragua, understands the importance of offshore oil exploration in the oil-rich Gulf of Mexico waters. The International Herald-Tribune reports: Nicaragua has signed a contract with a unit of U.S.-owned MKJ Xploration to explore and develop oil and natural gas fields off its Caribbean coast, officials said Wednesday. Under the six-year deal, a subsidiary of the Metairie, Louisiana-based company will search for oil about 60 miles (100 kilometers) from the shore in Caribbean waters. It will be granted a 30-year contract to produce oil and natural gas if it finds anything, a government news release said. To continue reading, click here Nicaragua factory rolls cigar of the yearBy Blake Schmidt The best-tasting cigar in the world last year was rolled in the Padrón factory in Esteli in northern Nicaragua, according to the most recent rankings from Cigar Aficionado magazine. The magazine named the Padrón Serie 1926 No. 9 the best smoke in 2007 in its most recent top-25 cigar ranking. The cigar is rolled under the supervision of José Orlando Padrón, who started making cigars for fellow Cuban émigrés in Miami after fleeing his native Cuba. The Miami stogie guru began growing tobacco in Nicaragua in the 1960s when he couldn't find the blend he was looking for in the United States, says Padrón spokesman Cesar Gadea. To continue reading, click here Ortega’s Friendship Help U.S. RelationsAmbassador Arturo Cruz says Washington considers Ortega a man of his word By Tim Rogers MANAGUA, Nicaragua Despite historical and ideological differences, President Daniel Ortega has built a solid working relationship with the U.S. government based on personal trust and close friendships with several heavy hitters in the Bush administration, according to Nicaragua's Ambassador to the United States. Ambassador Arturo Cruz Jr. says that a year after presenting his credentials in Washington, D.C., he is confident that the United States for the first time ever is working to normalize relations with the Sandinista government. “We are in the process of building a relationship of more confidence,” Cruz said in a private meeting of business leaders belonging to the Nicaraguan-American Chamber of Commerce (AMCHAM). While the institutional foundation of the bilateral relationship is built on the Central American Free-Trade Agreement (CAFTA), the Millennium Challenge Account, private investment initiatives and even humanitarian efforts such as the Peace Corps, the relationship is also being held together by a new spirit of personal friendship with Ortega, Ambassador Cruz said. To continue reading, click here Ortega Praises US Millennium Program!“We are thankful for this cooperation from the people of the United States and that we are going to unite efforts,” as spoken in early February by President Ortega when he publicly lauded the US Millennium Challenge Account—a program designed by the US to revitalize the agricultural departments of Leon and Chinandega. Ortega hosted the program’s President, John Danilovich, and together they traveled to these northwestern areas to assess the progress of the five year, $175 million program. Some of the specific goals of the Challenge Account include:
Upon meeting with several leaders of small agricultural co-ops, it was readily apparent to Ortega and Danilovich that the program is producing the intended results. Some of the co-ops have doubled in size—and overall, the program has generated more than 2000 new jobs in Nicaragua between July, 2006, and December, 2007. Farmers have received needed assistance, materials and new roadways enabling them to get their products exported to destinations such as Honduras and El Salvador. Several hundred property titles have been cleared and during the week of Danilovich’s visit, more than 700 families were given secure claim to their property, according to the Nica Times . The Millennium Challenge Account is yet another project that highlights US dedication to the economic development of Nicaragua. And it is this type of growth that contributes to the stabilization of Nicaragua’s economy, and boosts the attractiveness of Nicaragua as a tourist, investment and retirement destination. To continue reading, click here Top 5 Latin American Real Estate MarketsAlthough Nicaragua is known for its history of political instability and conflict, the previously war-torn nation is desperately trying to attract foreign investment. Government incentives have made Nicaragua real estate appealing to investors, as Nicaragua’s attractions continue to draw more tourists and expatriates. Nicaragua could become an ideal retirement and vacation destination for millions. To continue reading, click here Humanitarian WorksBuilding the Second Fence: A slightly Different ExperienceBy Greta Schlender and Ligia Diaz As part of the ongoing effort to improve life in Villa El Carmen, CHESS partnered with the Ormond Beach Rotary Club to install fences at as many schools as possible. In late August, the first fence was installed at Osneida Medrano School. Although the project had its share of ups and downs, Rotarian Chapter President, returned with several other members to continue their good works. The site of the second installation was the Calle Nueva School; this school employs 3 teachers who are responsible for educating 68 students in grades K through 5. Built in 2000, the school used to have a fence but it had stolen, bit by bit, over the years. On Thursday, October 25th, Mr. Slick and his group of fellow Rotarians, began their mission. The Rotarians that came with Mr Slick were quite a mixed group, all joined together by the desire to have this unique life experience and make a difference in the lives of children. For two men of the group, this trip to Nicaragua was their first visit to a foreign country. One, Mr. Slick joked, “is the pickiest eater he had ever met” and yet, the man happily ate all the food prepared by local mothers. Another is an executive of a large real estate company, while a third runs an oil and gas company. Two of the men drive race cars professionally. The team installing the first fence in August 2007 at Osneyda Medrano School was faced with many unexpected challenges. This time, the weather cooperated and the supplies arrived on time. A larger group of workers allowed the project to be completed in just two days. To continue reading, click here Poyner & Spruill Health Care Attorney Ken Burgess Receives 2007 Volunteer Of The Year AwardRaleigh, NC -- Poyner & Spruill Partner Ken Burgess has been
selected as 2007 national Volunteer of the Year by the Jessie F.
Richardson Foundation. The Foundation, located in Clackamus, Oregon,
supports projects in the U.S. and around the world designed to
promote health care and related services to seniors. The award is
based on Ken’s efforts to raise money for the renovation and
expansion of a shelter for homeless seniors in Jinotepe, Nicaragua
which will be not only a home for its residents, but a center of
health care for the entire community. WOW: Week of unusual learning is “incredible”Trinity Episcopal students' experiences include Nicaragua trip STEVE LYTTLE Dozens of students from Charlotte's Trinity Episcopal School recently spent several days engaged in a variety of unusual educational activities. It was part of the school's annual Without Walls Week (WOW Week), which took place Feb. 19-22 for students in grades 5 through 8. WOW Week is designed to allow the school's older students a chance to participate in outside-the-box learning experiences. One group of students traveled to Nicaragua. Another group spent the four days at the U.S. National Whitewater Center. Yet another activity, "Project Runway," allowed students to experience the fashion world. There also was "Searching for Balance," a class devoted to finding strength and peace through activities such as kickboxing and yoga. To continue reading, click here Belize UpdateECI planning condominium in BelizeCompany also eyes Argentina, Panama, Costa Rica Pittsburgh Business Times - by Tim Schooley ECI Development Ltd., a Pittsburgh-rooted resort development firm with two facilities in Central America, is launching a new project in Belize. After launching an ambitious plan to develop a 2500-acre resort community on the west coast of Nicaragua and acquiring an oceanfront swath of property in Costa Rica two years ago, the company is now pursuing a $20 million-plus condominium community called Grand Bayman in English-speaking Belize. "Belize is very strategic," said Michael Cobb, CEO of ECI and a native of Butler County. "If I can provide what the consumers want, then I don't have to sell anybody anything." ECI has more than 60 investors, many of which are based in the Pittsburgh area. For the Grand Bayman project, Cobb and his former Allegheny College roommate, Sewickley-based lawyer Joel Nagel, are combining the 1-acre beachfront property they already own with a 5.5-acre property behind it. The initial 1-acre tract was merged into the 5.5-acre parcel, which already includes a swimming pool and private club facilities. ECI acquired 71 percent of the combined property in what was largely a private stock trade for real estate with an estimated value of $4.5 million. ECI is working to develop more than 200 condominiums on the property, which is located close to the resort town of San Pedro. The development includes a new 60-unit condominium hotel on the beachfront parcel that will replace the 22-unit condominium development there now. As with Gran Pacifica, the company's Nicaraguan development, the Grand Bayman project is being designed by Urban Design Associates, based in Downtown Pittsburgh, which has been planning the resort development as a new urbanist community expected to tuck commercial and public space into a residential framework. To continue reading, click here
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