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Central American Free Trade Agreement comes a step closer
Central American Free Trade Agreement comes a step closer

Central American Free Trade Agreement comes a step closer

22 March 2002

The Presidents of Panama, Costa Rica, Nicaragua, Guatemala, and El Salvador, along with the Vice-President of Honduras, have signed the text for a future Free Trade Agreement to cover all six countries. With the signing of the text, which took place on March 6 in Panama City with the President of Brazil as witness, the Central American countries intend to form a trade bloc of 30 million consumers.

Hughes Hubbard and Sherman & Sterling in US$120 million commercial paper program
Hughes Hubbard and Sherman & Sterling in US$120 million commercial paper program

Hughes Hubbard and Sherman & Sterling in US$120 million commercial paper program

21 November 2000

The program, a re-do of one done last year, was signed between CABEI and Barclays Bank PLC. It is designed to finance foreign trade operations in Central America and was effective as of November 21, 2000.

Telecoms privatisation moving ahead
Telecoms privatisation moving ahead

Telecoms privatisation moving ahead

01 April 2000

Three companies, one French and two Mexican have pre-qualified to present bids in April for Nicaragua’s state owned telecoms company (ENITEL).

Four new Magistrates elected for the Supreme Court of Justice
Four new Magistrates elected for the Supreme Court of Justice

Four new Magistrates elected for the Supreme Court of Justice

20 March 2000

On March 20 the National Assembly (Congress) elected four new Magistrates for the Supreme Court of Justice. This fulfilled the regulation established in the amendments to the Political Constitution regarding the numerical increase of magistrates in the Supreme Court from 12 to 16 (Article No. 163 Cn). The new Magistrates elected are: Armengol Cuadra, Carlos Guerra Gallardo, Guillermo Selva Argüello and Rafael Solís Cerda.

Law 334 authorises National Port Company to lease Puerto Cabezas' port facilities.
Law 334 authorises National Port Company to lease Puerto Cabezas' port facilities.

Law 334 authorises National Port Company to lease Puerto Cabezas' port facilities.

24 February 2000

The law was approved on February 24 and published in the Official Newspaper on March 16. It authorises the National Port Company to lease, by public bidding and for a 25-year period, the port facilities of Puerto Cabeza.

Partial Reform to Constitution
Partial Reform to Constitution

Partial Reform to Constitution

18 January 2000

A partial reform to Nicaragua’s constitution was approved 18 January 2000 and published the following day in the official gazette.

New government contracting law 323
New government contracting law 323

New government contracting law 323

03 January 2000

A new law on government contracting was published in the official gazette at the beginning of January.