AKIPRESS.COM - Nicaragua's President Daniel Ortega has scrapped the changes to social security that have prompted violent protests across the country since Wednesday, BBC reported.
Speaking on national television, Mr Ortega renewed calls for the private sector to engage in talks.
But business leaders say they will only negotiate when the government stops "repression against the protests".
At least 25 people have been killed since pensioners and students first took to the streets.
More than 100 people have been injured. The dead include two protesters and a policeman who were killed in Managua on Friday, after demonstrations turned violent.
Protesters accuse riot police and troops deployed across the country of carrying out most of the violence.