Diplomatic relations between the Republic of Latvia and Nicaragua were established on 20 June 1994. Nicaragua was one of the first Latin American countries to recognise the renewal of Latvia's independence in 1991. Nicaragua recognised Latvia on 2 September 1991. Latvia maintains diplomatic co-operation with Nicaragua mainly within international organisations. To date Nicaragua has not appointed a diplomatic representative in Latvia, nor has Latvia appointed a diplomatic representative in Nicaragua. 

Latvia and Nicaragua enjoy a visa free regime, thus Latvian citizens may travel to Nicaragua without a visa and stay there for 90 days, and citizens of Nicaragua may stay for the same length of time in Latvia.

Economic relations

Trade

(According to data of the Latvian Central Statistics Service)

January - September 2006

• Export

1. Lithuania - 448,746,442 EUR or 13.89% of total export

2. Estonia - 377,236,682 EUR or 11.67%

3. Germany - 334,432,581 EUR or 10.35%

4. Russia -289,178,490 EUR or 8.95%

5. Great Britain - 260,454,046 EUR or 8.06%

âÀ¦âÀ¦

There is no export from Latvia to Nicaragua

• Import

1. Germany - 900,754,258 EUR or 14.92% of total import

2. Lithuania - 791,269,329 EUR or 13.11%

3. Russia - 501,360,602 EUR or 8.25 %

4. Estonia - 444,036,410 EUR or 7.35%

5. Poland - 422,549,910 EUR or 7.00%

âÀ¦âÀ¦

107. Nicaragua - 13,000 EUR

Latvia has a negative trade balance with Nicaragua in an amount of 13,000 EUR.

Main import goods from Nicaragua by type of goods

January-September 2006

Type of goods	EUR	Percentage of total import
Total	13,000	100 %
Cigars	13,000	100 %

Investments (Lursoft data)

As at 25 January 2007, no Nicaraguan investment has been registered in the equity capital of Latvian companies, nor are there any Latvian - Nicaraguan joint ventures registered with the Company Register of the Republic of Latvia.

Brief information on Nicaragua

Geographic location: Central American region

Capital: Managua

Population: 5.6 million

Official language: Spanish

Religion: Catholics (73%), evangelical (15%), and others

European Union - Nicaragua relations

Please see EU home page http://ec.europa.eu/comm/external_relations/nicaragua/intro/index.htm

European Union representations in Nicaragua:

Address: Del Colegio teresiano 1 cuadra al Este, frente a Clinica Tiscapa, Managua, Nicaragua

Postal code: 2654

Telephone: + 5050 270 44 99

Fax: + 505 270 44 84

E-mail: delegation-nicaragua@ec.europa.eu