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4.9% growth of Nicaraguan GDP

By Guy José Bendaña-Guerrero & Asociados - 13/03/2018
4.9% growth of Nicaraguan GDP

The Central Bank of Nicaragua (BCN) published on March 9, 2018, the results of the economic activity corresponding to 2017, which shows for the Nicaraguan economy a robust performance with a 4.9% growth of its Gross Domestic Product (GDP).

The activity in 2017 benefited from a favorable international environment and good weather conditions, which helped achieve greater production in industries related to foreign trade. The GDP growth was mainly associated to the good performance of livestock, agriculture, fishing and aquaculture, hotels and restaurants, financial intermediation services, and manufacturing and commerce, which together contributed 3.3 percentage points to the GDP.

By Guy José Bendaña-Guerrero & Asociados - 13/03/2018
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Guy José Bendaña-Guerrero & Asociados

The Law Firm, specialized in the field of Intellectual Property, formerly known as Henry Caldera & Henry Caldera-Pallais, was founded in 1907 by Mr. Henry Caldera, as part of a three-way operation consisting also of the import and retail of goods. With time, these three operations became separate enterprises. That same year, and through the efforts of Mr. Caldera, Nicaragua had its first Trademark Law.

In the late 1930’s, Mr. Caldera’s older son, Henry Caldera-Pallais, after obtaining a Law degree in Nicaragua, furthered his studies in the University of Michigan, where he graduated to become a U.S. Registered Patent Agent. During his stay in the United States, he gained experience working with the New York firm of Lagner, Parry, Card and Largner. In the late 1940’s, Mr. Caldera-Pallais returned to Nicaragua to take charge of the Law Firm, which became known as Henry Caldera & Henry Caldera-Pallais.