Due to liquidity problems, in Costa Rica the chain store Casa Blanca has started a legal process in order to reach an agreement regarding payments to its creditors.
Increasing competition in the market of home appliances and white goods could be one of the reasons behind the difficulties facing the White House chain, and that led to its request to organize a payment agreement with its creditors.
The Bureau of Foreign Assets has extended until March 10, 2017 the license for Soho Mall and up until July 13th the license for the newspapers La Estrella and El Siglo belonging to the Gese Group.
The extended license for Soho Mall will facilitate the sale of the shopping center, which will continue operating with US companies and will have access to the country's financial system until March 10, 2017.
Up to seven months is the length of delay in the Salvadoran state making payments to companies that provide goods and services, which particularly affects creditor SMEs.
The figure was confirmed by the Technical Secretary of the Presidency, Roberto Lorenzana, who noted that"...That [the situation] is being resolved and we are confident that will obligations this year will be resolved.Its more or less [that amount], the figure changes ... it changes every day because every day there are payments ... "
Commercial activity grew in 2016 driven by subsectors such as automobiles, although brakes were still encountered such as growing informality, smuggling and bureaucracy in health and safety records.
At the end of the year, the commercial sector has maintained its relevance for the country 's economy and has become the main generator of employment, with 15% of the total labor force, according to the balance complied by the Chamber of Commerce of Costa Rica.
Those interested in taking part in the pilot project must be recorded in the ZLC in order to be able to set up in one of the 16 streets in the city of Colon where the special system is in effect.
The store Nevada, which sells health and beauty items, was the first to purchase a property in one of the 16 streets in which the special system will be in effect.According to Maria Vanessa Ford, executive secretary of the Colón Free Port (CPL by its initials in Spanish), an electronics company and another company dealing in clothing, cosmetics and perfume will be part of the system under a test environment.
The administrators of the international airport in Panama City announced that they will launch a tender in January for the business premises in Terminal 1.
Although the administration of Tocumen International Airport said on several occasions that they estimated holding the tender before the end of the year, especially after the problem which occurred with stores belonging to Wisa Group, they have now announced that it will be in January 2017 when the announcement is finally made.
The devaluation of the Mexican peso has worsened the problem in the border areas, where it is estimated that 70% of all products sold are illegal.
The Association of Manufacturers of Food Products (Grefal), says the problem is more serious in the departments of Quetzaltenango, Retalhuleu, Coatepeque, San Marcos and Huehuetenango. Thereseven out of every ten of the products traded"... are contraband that comes in through the Mexican border."
The number of convenience stores in the country is growing in response to increased purchasing power and a gradual change in consumption patterns.
The number of supermarkets operating in the country increased from 130 in 2012 to 155 this year, says Laprensa.com.ni. As purchasing power increases and consumers get more "sophisticated" so is there a growth in Nicaraguans shopping in these types of establishments rather than the traditional "grocery stores".
In less than a month the Directorate General of Civil Aviation is expected to auction seven premises which until now have been occupied by the Wisa Group with its brand La Riviera.
As part of the investigations into alleged tax evasion undertaken by the Public Ministry since October last year,"... they have started to pack up the merchandise that was in the seven premises leased by Wisa Group from the Directorate General of Civil Aviation (DGAC)."
Among the goods which will be able to be sold tax-free in the 16 streets in Colon are articles of clothing, footwear, jewelry, phones and watches, among other things.
From December 4 the list of goods which will be able to be sold duty free, within the 16 streets of Colon, will come into effect.Some of the items that were added to the list are: confectionery, electronics, televisions, computers, toys, perfumes, shoes, watches, and jewelry.
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