These are the most important news of July 12, 2022

These are the most important news of July 12, 2022

the political prisoner Yubrank Suazo32, will be brought to trial on July 15, in the morning, for the alleged crime of conspiracy to undermine national integrity, in conjunction with the crime of spreading false news.

A relative told this medium that the process will take place in the Police Complex known as “El Nuevo Chipote” by Judge Ulisa Yahoska Tapia Silva, the prison where more than 30 union leaders are being tried behind closed doors for the same crime.

The opposition leader from Masaya has been deprived of liberty and incommunicado for 55 days. He is currently in a punishment cell of the “La Modelo” Penitentiary System. .

Related news: Tamara Dávila suffers knowing that Nicaragua is “in the hands of two heartless people”

The Mayor of Rivas Wilfredo Lopez and the deputy mayor, Hope Nunez, were forced to resign from their positions by superior orders. Both Sandinistas presented their resignations before the Municipal Council, which were announced in the July 11 session, the Confidencial media revealed.

The media indicates that, “according to municipal sources, the councilors did not name a successor, but they did appoint Ana Birmania Rueda as the new deputy mayor and Councilor Mario Rodríguez as the new secretary, whom they point to as the official who will be “the real power behind the throne””.

The former mayor and other former commune workers are under alleged investigation for embezzlement.

A Nicaraguan must earn at least one hundred dollars a week to access the basic basketrevealed the National Institute for Consumer Protection (Indec) at a press conference with the Ministry of Development, Industry and Commerce (Mific).

The deputy director of INDEC, Gustavo Ortega, indicated that food products alone cost more than 2,000 cordobas and the price of gas for cooking at 25 pounds already exceeds 400 cordobas. However, the Mific insists that the prices of the basic basket “remain stable in the markets”, despite the fact that red beans, dry cheese and some perishables have increased in cost.

According to data from the National Institute of Development Information (Inide), the value of the basic food basket was 17,300 as of May.

The National Assembly, controlled by the government party, approved the processing of a new loan with the Central American Bank for Economic Integration (CABEI) for the amount of 200 million dollars, destined to reduce the impact of the increase in fuel prices.

The loan contract decree was sent urgently by the illegitimate president Daniel Ortega and was approved by 90 deputies. The justification of the Sandinistas is the “high dependence of Nicaragua on oil and its derivatives” and the effect that this increase has on the costs of food, services and purchasing power of families.

For his part, Liberal deputy Walter Espinoza indicated that the regime is reaching the debt limit for this year of one thousand 46 million dollars. He explained that, to date, three loans have been contracted with CABEI totaling more than 600 million dollars. Let’s listen:

Nicaragua and China signed an agreement to promote a trade agreement between the two nations that they hope to sign in 2023. The so-called «Early Harvest Agreement» consists of identifying the export products of each country to which preferential tariffs will be generated in a future Free Trade Agreement (FTA).

Nicaraguan Treasury and Industry and Commerce officials explained that harnesses for vehicles, some textile products and beef have been included, and they expect exports to the Asian country to exceed one billion dollars in the next two or three years. The regime also signed a memorandum of understanding with China on the establishment of a joint cooperation commission.

The recent report published by The Economist Intelligence Unit (EIU) points out that there are several obstacles to greater economic growth in Nicaragua, among which the political crisis that has worsened since 2018 stands out, as well as “a poor business environment with access limited to financing.

After calculating in March of this year a slight increase of 2.5 percent, the British firm that serves as a guide to investors, reduced its forecasts and currently projects a growth in the Nicaraguan economy of 1.8 percent.

The same report states that a “less deep fall in investment is expected (3 percent year-on-year, from 7 percent), slower growth in exports (5.7 percent, from 7.1 percent) and growth faster growth of imports (4.4 percent, from 3:7 percent). In addition, they affirm that economic conditions in Nicaragua worsen during the year “as inflation slows down in the global economy and real incomes decrease.”

Related news: Political and social crisis slows economic growth in Nicaragua

The report of the Intelligence Unit contradicts the assertions of the Central Bank of Nicaragua who in May said that the Gross Domestic Product (GDP) will rise between 4% and 5% in 2022, the second year in a row of economic growth after three years. to close with red balance.

On the other hand, the EIU indicated that Ortega will continue in power through authoritarianism and “as long as his health allows it.” They also point out that Laureano Ortega, son of the presidential couple and who serves as adviser for Investments, Trade and International Cooperation, is preparing the way to occupy the presidential chair.

Source link

Previous Story

Government gave G. 20 billion in subsidies to people who did not need it

Next Story

Global economic outlook darkens, warns IMF

Latest from Nicaragua