Managua, Nicaragua; July 16, 2015
Managua, capital of Nicaragua, was ranked as the eighth most profitable city in the Americas, according to the ranking published by fDiIntelligence, division of Financial Times Ltd., an official source said yesterday.
“Managua and Guatemala City were the only two cities in Central America to appear on the display of the main efficient cities of America,” said the government agency to promote investment and exports of Nicaragua (ProNicaragua).
The list is headed by the cities of Santa Cruz and La Paz, Bolivia, and Quito, Ecuador, he added.
The profitability indicator takes into account average wages, rent office space, electricity costs, oil prices, tax, export and import prices for, among others, the source said.
421 cities analyzed
In total, 421 cities were analyzed for this study. The data collected were selected in five categories: Economic Potential, Business Friendliness with, Human Capital and Lifestyle, Performance and Connectivity.
Also, the state agency noted that in the 2013-2014 edition, Managua is ranked number three indicator strategy to attract Foreign Direct Investment, located only after Toronto and Chicago.
In this edition, the development of initiatives and policies implemented by the Government to improve the business climate and thereby increase investment flows was highlighted.
Nicaragua has been attracting the attention of investors interested in this country not only thanks to its competitive cost structure, but also because of its strategic location, favorable climate for investments, attractive tax incentives and high levels of security, according to ProNicaragua.