Honduras: Lempira variations do not affect savingsWednesday, July 30, 2008 Honduras continue saving in Lempiras in spite of the fluctuation of the currency versus the US dollar. The Central Bank of Honduras reported that the banking system keeps $6.180 million in private sector deposits, with 30% of those in Lempiras, and the remaining 30% in foreign currency (US dollars, euros, swiss francs, pounds and yens). The data refers to July 3, 2008. Honduras Reopens Airports for Iternational FlightsFriday, September 25, 2009 The four airports of Honduras have now resumed international flights. Initially, the Civil Transport Authority had only authorized local flights, but yesterday resumed international ones. Bolsa Centroamericana de Valores (Honduras)Wednesday, November 26, 2008 Honduras Stock Exchange Profile Phone (504) 239-1930 Citibank starts operations in HondurasMonday, August 18, 2008 Citibank Honduras, which belongs to the American Citigroup, started to operate today and is the result of the merger of two other banking institutions with Central American capital. "Cuscatlan bank and Banco Uno bank have successfully completed their merger, and from now on will be called Citibank Honduras," indicated a paid ad published today in the press. Law Promotes Foreign Investment in HondurasMonday, May 2, 2011 The new law aims to attract more foreign investment through benefits and guarantees to businesses. The rules proposed by the government and currently being discussed in Congress will be presented to national and foreign companies in the Honduras “Open for Business Conference” to be held on 5 and 6 May. Porfilio Lobo Wins Honduran ElectionsMonday, November 30, 2009 Porfilio Lobo Sosa, Honduran elected president, announced he will start a large national dialogue. He expects the dialogue to result in a national unity government that will integrate the populace. Honduras will avoid IMF pressure to devalue the Lempira.Wednesday, December 3, 2008 According to the president of the BCH, Edwin Arague, the economic sector of the country will not negotiate any stand by agreement with the IMF since the entity is pressuring them to devalue the local currency. Araque said that there are no conditions in Honduras to devalue the lempira, since, from a financial point of view, the economic has remained stable and so the measure proposed by the IMF will not be executed, he said. Honduras, Guatemala and El Salvador to establish single treaty with MexicoTuesday, October 21, 2008 Honduras, Guatemala and El Salvador present Mexico with the proposal regarding rules of origin that will unite the FTA's that those countries have with Mexico into a single bilateral agreement. Honduran Minister of Trade, Fredy Cerrato, explained that the technical work to unite the commercial agreements and create the Northern Triangle between Honduras, Guatemala and El Salvador and Mexico will begin in full in the first quarter of 2009. Honduras: Delinquency Increases in Micro LoansFriday, August 21, 2009 Delinquency is over 10%, the client portfolio is stagnant, and credits have grown just 5%. When dealing with this scenario, Aníbal Montoya, vice president of the Honduran Micro Financing Network, recommended companies to be more effective and efficient when granting credit lines. Congress Ratifies Guatemalan FTA with ColombiaWednesday, March 11, 2009 The Guatemalan Congress ratified the FTA that the country, along with El Salvador and Honduras, negotiated and signed with Colombia in August 2007. Jessica Osorio wrote in Prensalibre.com: "The objective is to promote the expansion of trade in goods and services in a free trade zone. Each country will be sure to adopt the necessary measures to comply with the content that was approved." Honduras: Trade deficit grew 41%Tuesday, November 18, 2008 Honduras has a deficit of US$4.6 billion according to a report issued by authorities. The Central Bank of Honduras said that the figure shows a deterioration of the foreign position of the country regarding trade. Inflation in Honduras reaches 10.2%Tuesday, October 7, 2008 In September inflation grew by 0.1% and reached accumulated to 10.2% this year in Honduras. A report from the Central Bank of Honduras (BCH) on the Consumer Price Index (PCI) also showed that the inter-annual inflation was at 13.7% in September. World Bank plans US$100 million loan for HondurasTuesday, June 10, 2008 The World Bank is going to lend Honduras US$100 million in the second half of this year, the bank's managing director, Juan José Daboud, announced. The loan is to support the government's development plans and in particular its efforts to resolve the food crisis, said Daboud, who was on a two-day visit to Honduras that included talks with President Manuel Zelaya and other senior officials. Honduran farmers plan high-court battle against land grabWednesday, July 2, 2008 Farmers in Honduras are preparing a court challenge to an attempt by the government's National Agrarian Institute to expropriate their land. Farmers' leaders said they would ask the Supreme Court to declare the measure a breach of the Constitution. They claim they were never consulted and the expropriation amounts to a "license to squatters" who have invaded idle land. Honduras - Cuba FTA ready for MarchMonday, January 12, 2009 The Honduran Ministry of Commerce reported that the negotiations for the agreement have concluded and that the FTA will be signed in March in Havana. According to yahoo.com, "President Zelaya is scheduled to visit Cuba on that date," the minister of Commerce and Industries, Fredys Cerrato, added. |
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