Economy: How to Explain Price Escalation?
Jun-10-21 | Fifteen months after the beginning of the health and economic crisis, Guatemala, Honduras and Nicaragua are the economies in the region with the highest inflation rates, a behavior that was influenced by increases in fuel and transportation costs.
Bread and Cookies: $460 Million in Business in the Region
Jun-10-21 | In 2020, Central American countries spent $460 million to import bakery, pastry and biscuit products; of the total amount purchased abroad, Guatemalan, Honduran and Panamanian companies represented 62%.
China: Main Market for Costa Rican Meat
Jun-10-21 | During the first four months of 2021, companies operating in Costa Rica sold $22 million worth of beef to China, this figure represents 54% of the total exported by the Central American country.
Vaccine Tourism Boosts Ticket Sales
Jun-10-21 | In order to have access to the vaccine against Covid-19, the number of people traveling abroad by air has increased in Guatemala in the last months, being the United States the main destination to which Guatemalans travel.
Commodity Prices Benefit Nicaragua
Jun-10-21 | Due to the high demand for commodities, it is estimated that prices in the international market have increased on average between 30% and 40%, a situation that favors Nicaraguan exporters of raw materials.
Tender for Vehicle Rentals in El Salvador
Jun-10-21 | The Ministry of Foreign Affairs tenders the leasing service of a vehicle fleet to be used by employees of the institution.
Bitcoin Becomes Legal Tender
Jun-9-21 | Following the approval of the Bitcoin Law in El Salvador by the deputies of the Legislative Assembly, there is now a new legal framework that recognizes this digital currency as legal tender in the country.
Release of Political Prisoners Demanded
Jun-9-21 | In Nicaragua, following the arrest of four presidential pre-candidates and the detention of business leader Jose Adan Aguerri, the productive sector demands the release of political prisoners and advocates for the government to commit itself to grant all democratic guarantees.
Paint and Varnish Trade Down 10% in 2020
Jun-9-21 | Last year, trade in paints and varnishes between Central American countries amounted to $123 million, which is 10% lower than in 2019, a drop that was reported in the context of the economic crisis resulting from the Covid-19 outbreak.
Costa Rica: Electricity Consumption Increases 5%
Jun-9-21 | Between the period from March to May 2020 and the same period in 2021, electricity consumption increased by 5%, a rise that can be attributed to the increase in exports and tourism activity.
More Confidence to Invest = Less Migration
Jun-9-21 | Following the visit of US Vice President Kamala Harris to Guatemala, the business sector assures that in order to reduce illegal migration from Central America to the US, it is necessary to create a favorable and comfortable environment for local and foreign investment in the countries of the region.
Tender for Infant Formula in Honduras
Jun-9-21 | The Ministry of Public Health tenders the supply of different types of complete and balanced enteral nutritional formula for infants and adults.
Vehicles: Which Brands Control the Market?
Jun-8-21 | During the first months of 2021, 20% of the automobile-type vehicles circulating on the streets of Central American countries were Honda, Mazda, Chevrolet and Ford brands, while of the total number of light-duty vehicles, Isuzu, Hyundai and Hino accounted for 10%.
Dairy Products, Supply and Prices
Jun-8-21 | Dairy producers in Nicaragua are facing a scenario of falling prices, a situation resulting from the oversupply of this type of food reported in the local market.
Airline Tickets: Prices up 18%
Jun-8-21 | Between December 2020 and May 2021, the average cost of airline tickets in Costa Rica increased 18%, a variation that is explained by the increase in fuel prices and the depreciation of the local currency.
Tender for Improvement Works for Residential Buildings
Jun-8-21 | The Municipality of Panama tenders the improvement works of 12 residential complexes located in the Corregimiento de Calidonia.
Central American Rice Farmers Fear Bankruptcy
Jun-8-21 | For the Central American Rice Federation, the bankruptcy of more than 62 thousand rice farmers in Central America and the Dominican Republic is imminent, due to the abolition of import tariffs, a measure that is part of the implementation of the DR-CAFTA Free Trade Agreement.
Tender for Vehicles in Costa Rica
Jun-8-21 | Costa Rican Social Security Fund tenders the supply of pick up, microbus, ambulance and truck type vehicles.
Electoral Process Is Losing Democratic Viability
Jun-7-21 | After the arrest of presidential pre-candidates Cristiana Chamorro and Arturo Cruz in Nicaragua, the business sector questions the "democratic viability of a free, fair, competitive and transparent electoral process".
Corn: Purchases up 5% in 2020
Jun-7-21 | During 2020, companies in the region bought corn abroad for $998 million, 5% more than what was reported in 2019, a variation that is explained by the increase in imports from Nicaragua, Guatemala, Honduras, Panama and Costa Rica.
Government Infrastructure: $140 Million in Investments
Jun-7-21 | Last year, 12 environmental impact studies were submitted in Central American countries for construction projects of buildings to be used by government institutions, files that together amount to an estimated investment of $140 million.
Telematic Control: $32 Million Contract Awarded
Jun-7-21 | The Ministry of the Interior of Guatemala awarded Innova Outsourcing S.A., the contract to provide leasing services for the implementation of telematic control.
Tender for Video Security Systems in El Salvador
Jun-7-21 | The Ministry of Justice and Public Security tenders the supply and installation of video security systems to 11 units of the National Civil Police nationwide.
New Flight between Honduras and El Salvador
Jun-7-21 | TAG Airlines launched a direct flight between Tegucigalpa and San Salvador, initially this route will be operated three times a week.
Consumer Mobility as Data
Jun-4-21 | Using today's technology, it is possible to know and accurately monitor consumer mobility, identify the places they visit, how often they do so, at what times and on what days, and transform this mobility and pedestrian flow data into solutions for optimizing commercial and marketing strategies.
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