The diverse business chambers issued communiques rejecting the decision of the Constitutional Chamber of the Supreme Court, some going as far as not recognizing it.
Amcham, the American Nicaraguan Chamber of Commerce, communicated: "We denounce this spurious action by the magistrates of the Supreme Court, who, forcing force and matter, have acted against the logic of the law, endorsing decisions that respond only to very personal interests known by all.
We will ignore this decision, adopted illegally and illegitimately by these officials who, assuming faculties not granted to them, surpassed the exclusive role of the constitutional assembly, thereby forcing the constitutional order and its regulations".
Source: elnuevodiario.com.ni
More on this topic
October 2009
Nicaragua's Constitutional Chamber declared as inapplicable an article in the Constitution which prohibits a President from running two consecutive terms.
For its coming into effect, the sentence must still be ratified by the plenary of the Supreme Court.
Rafael Solís, vice president of the Court, remarked that "the ruling states that the President (...) may perfectly run for president in the next 2011 elections", reports Mipunto.com.
November 2011
The private sector hopes to continue working 'closely' with the Government, maintaining the current 'close relationship'.
The re-election of Daniel Ortega has not worried the business sector, and they hope to continue working as before.
Mario Amador, representative of the Chamber of Industry, and the Superior Council of Private Enterprise (COSEP) also said they expect a consensus on the laws that are to be approved in the future.
July 2010
The Nicaraguan Superior Council of Private Enterprise (COSEP) highlights the importance of reaching a commercial agreement to give “certainty” to markets.
Venezuela has become the second largest destination for Nicaraguan exports, beaten only by the USA. Exports surpassed $2 million in 2006 and are at $127.2 million for the first six months of this year.
February 2012
"Given the weakness of political parties the private sector has the opportunity and responsibility to use its considerable weight in favor of democracy."
The perception that Nicaraguan businessmen, particularly the members of the Superior Council for Private Enterprise (COSEP) and the American-Nicaraguan Chamber of Commerce (AMCHAM), are "complacent" with the Daniel Ortega’s government because of "selfish" attitudes is "unfair," said the former education minister and columnist Humberto Belli.