Election of Ortega prompts Felipe Gregorio Nicaraguan factory closure.(INDUSTRY NEWS)(Daniel Ortega Saavedra)(Brief article)

Tobacco Retailer | February 1, 2007 | Copyright

The month of January saw the inauguration of leftist Daniel Ortega as president of Nicaragua and the closure of Felipe Gregorio, Inc.'s Nicaraguan facilities. Company founder and President Philip Wynne announced he is moving his entire operation to the Dominican Republic. Wynne cites two reasons for the move: an increasing level of manufacturing activity in the DR, but mainly the election of Ortega based on earlier experiences with him and his revolutionary Sandinista army in the mid '90s.

"His power-grab resulted in his communist government ... and him personally ...

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