Extortion Stifling Entrepreneurs in GuatemalaJust on the hiring of private security services companies spend $243 million per year, on top of the payments made to those extorting transport carriers on the roads.Monday, June 23, 2014
These unpunished crimes are not just affecting freight companies operating in the country, but are also increasingly reducing the possibility Guatemala has to attract more and better foreign investment which would contribute to its socioeconomic development. Source: prensalibre.com ¿Busca soluciones de inteligencia comercial para su empresa?Growing Cost of Insecurity in GuatemalaMarch 2016 Companies have to allocate up to 15% of expenses to security services, as a result of the growing violence in the country. Extortion "Prices" RiseSeptember 2014 Product distribution companies in the North of Central America are paying monthly installments of $100 per truck to organized criminal groups. Lack of Security on Guatemalan RoadsAugust 2013 Companies use up to 12% of their budgets to provide security for their transportation teams. Another Tax to Pay: ExtortionSeptember 2011 In El Salvador, where the cost of insecurity is equivalent to 12% of GDP, extortion is the main obstacle to economic development.
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