Honduras Loses $27 Million for Political Crisis

The country's current economic paralysis causes an average loss of $27 million (400 million lempiras) each day.

Wednesday, September 23, 2009

This was stated by Benjamín Bográn, Industry and Commerce Secretary (SIC), adding that the most affected are micro, small and medium companies.

From Elheraldo.hn: "Regarding fuel supply, importing companies from the Honduran Council of the Petroleum Industry assured it will be business as usual, despite political developments".

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More on this topic

Protests in Panama Responsible for "millions lost"

February 2012

The local economy is beginning to be affected by the negative impact of the road closures by indigenous people in the province of Chiriqui.

The dairy industry, as well as horticulture, fuel transportation and goods such as drinks and beer are facing extra costs associated with recent events.

Hondutel Finances Continue to Deteriorate

September 2013

The accumulated losses of the state company during this year continue to grow, reaching $20.3 million up to the end of August.

Up to August, the Honduran Telecommunications Company earned operating income of $69.4 million, of which $45 million was related to domestic calls and $24.5 million to international calls.

A Monopoly That Loses Money

February 2016

The state run oil company in Costa Rica registered losses above $24 million during the first nine months of 2015, despite having the highest prices in the region.

In the first nine months of 2015 the Costa Rican Oil Refinery lost more than $24 million. The state run company, which has had a monopoly in refining and sale of fuels in Costa Rica for more than half a century, has payroll costs representing 56% of its total expenditure.

Agro Loses $3.2 million Due to Protests

February 2012

Vegetable and milk farming are the sectors most affected by road blocks set up by Indians in the Panamanian province of Chiriqui.

"The closure the American Highway by the Ngäbes Bugle Indians has caused losses to the agricultural sector estimated at $3.2 million, however, the figure may be higher, said Oscar Osorio, head of the Ministry of Agricultural Development (MIDA)," reported Prensa.com.

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