In Costa Rica the scarce inventory of public works projects and reduced activity in the agro industry is affecting sales by distributors of construction equipment and agricultural machinery.
Data from the latest report on the economic situation recorded an annual fall of 3.5% in activity in the construction sector and 0.20% in the agricultural sector. This data explains the discouraging results in machinery distribution companies, which have been slow since 2015.
Arguing the imposition of non-tariff barriers, Centrolac has filed with the Central American Court of Justice a claim against Honduras because it prevented Nicaraguan milk from entering the country.
Although the Honduran government insists that restricting the entry of milk from Nicaragua is strictly in adherence to sanitary measures, Nicaraguan producers and exporters maintain their position and are demanding that the government take retaliatory measures against Honduras. Therefore, the company Centrolac presented on May 10 a lawsuit with the Central American Court of Justice, denouncing the closure of borders and accusing the country "... of contravening Community law".
In Costa Rica, 19 projects were selected as "eligible" by the state run power company, but the same institution has ruled out opening new competitions to purchase more wind-generated power.
Investment in alternative energy is risky, because it depends on uncontrollable external factors such as unpredictable weather variations, which have particular effects on hydraulics, solar and wind power.
Despite adverse weather conditions, the main producers of bananas have confirmed that demand for the product has stayed within projected levels.
Global demand for bananas remains "constant" and at "stable" levels according to information from leading multinational companies engaged in the production and marketing of the fruit, details a report by Thepacker.com. Countries in the region such as Costa Rica, Honduras and Guatemala remain among the market suppliers.
Poultry farmers this year projected they will produce 657 million units, 11% more than last year.
The Nicaraguan Egg Commission in conjunction with the National Association of Poultry Farmers and Food Producers (ANAP) has projected an 11% increase in production of egg units this 2016, thanks to the fact that in November 2015 the sector had grown by 9.2 % and it reached 18.1 million boxes in the first eleven months of the year, reported Elnuevodiario.com.ni.
The population's increased access to electricity, the growth of irrigation systems, and buoyant economic activity explain the estimated 10% increase in demand for energy in 2015.
These factors accounted for most of the significant growth in energydemand in the country in 2015, said Cesar Zamora, country manager of IC Power and chairman of the Chamber of Energy in Nicaragua, to El Nuevo Diario.
Panamanian authorities are contradicting one another regarding Tocumen Airport's ability to host flight operations from the Emirates and has confirmed they have been delayed due to lack of passengers.
Emirates airline has suspended the opening of the Panama-Dubai flight because of lack of passengers, confirmed Gustavo Him, CEO of the Tourism Authority of Panama (ATP). To date there are no flights registered for the Panama-Dubai journey of 17 hours and 35 minutes.
A resolution has been found to the dispute with the subsidiary of the Italian company Finmeccanica, which will withdraw from the country the radar and coastal surveillance equipment which was the object of the contract, and the Panamanian State will receive a credit for $32 million.
From a statement issued by the Foreign Ministry of Panama:
The Public Prosecutor has initiated criminal proceedings against representatives of the spanish chain RIU for alleged environmental damages generated in the construction area of the hotel it operates in Guanacaste.
Representatives of the hotel company state that all logging jobs in the area where the hotel was built in Matapalo beach, were performed with possession of permits issued at the time by the institutions.
The Supreme Court has ordered the provisional suspension of a disputed contract with a subsidiary of Finmeccanica to install a digital mapping system.
The Supreme Court justified the provisional suspension as being "... in order to avoid the effects of the contract causing 'serious and impossible to repair damage to the community as it may affect the heritage of the Panamanian nation because of the delay in the decision on its merits that could be made by this court. '"
The Supreme Court has temporarily suspended the contract between the government and the Italian company Finmeccanica for the purchase of 19 radars.
The contract was suspended by the Third Division of Administrative Litigation of the Supreme Court (CSJ) after the Varela administration filed a lawsuit days ago and one year after stopping the execution of the project, being carried out by the company Selex, a subsidiary of Finmeccanica.
Aguilar Castillo Love is a leading international law firm with offices in Central America and Ecuador.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama and Central America
Phone: (505) 2225 8748
Generates business opportunities by linking supply and demand of goods and services between Central America and the rest of the world.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (506) 225 4786
ATS El Salvador is a Customs Agency with 26 years of providing services for imports, exports, transits, consultancies and international transport.
Operates in El Salvador
Phone: (503) 2235 6522 - (503) 2235 6524