At the end of June, the market slowed its growth rate, registering one of the lowest increases in the region.
From a report by Fitch Ratings:
First Semester of 2015
SAN SALVADOR, El Salvador, Oct 19, 2015 (BUSINESS WIRE) -- Fitch Ratings has published a new Guatemalan Insurance Dashboard. The report highlights the key events that affected the industry as of June 2015.
Precision Wire Components, a business that develops medical devices that are used in cardiovascular surgeries, inaugurated its plant in Heredia.
Nicaraguahoy.info publishes in its website: "The opening of operations in Costa Rica had an investment in the to $1 million range and provided employment to twenty specialized Costa Rican workers who received six months of training in the company's central headquarters in Oregon, United States."
About $200 million is the estimated investment made by Mexican companies in the first three months of this year, and it is projected that at the end of the year this figure will reach $600 million.
Estimates made by the Honduran-Mexican Chamber of Commerce place the investments primarily in"... technology, installation of wire harnesses and construction of 200 meters of quay which is being developed by Grupo Logra from Mexico in Puerto Cortes, among others."
The U.S firm Communications System has announced the closure of its plant manufacturing Suttle telecommunications equipment in Alajuela, so as to move the operation to Minnesota.
The company has operated the plant manufacturing traditional telephony and telecommunications since 1989.The decision to close the operation, for which it employed 113 people, is due to a reduction in the revenues from the line produced in the country.
Wires received in the most remote areas of the country are a major factor for the growth of microfinance institutions (MFIs).
Where traditional banking does not exist due to operating costs preventing requests for credits of $ 200 or less, there is fertile ground for small banks and credit unions, which now amount to about 250.
In 2015 Costa Rica led the import of aluminum and articles made of aluminium in the region, with $166 million, followed by Guatemala, which imported $147 million, and thirdly Panama, with $129 million.
Marketfiguresfor aluminium and products made of aluminium in CentralAmerica compiled by the Business Intelligence Unit at CentralAmericaData.com, show that in 2015 the countries in the Central American region as a whole imported 153,000 tons of aluminum and articles thereof, equivalent to $646 million.
Bekaert and ArcelorMittal will be investing $20 million in a new plant for steel fibers to produce 20 thousand tons a year.
As part of a share restructuring process, looking for a new business configuration in Latin America, partners of ArcelorMittal, the global steel and mining company and Bekaert, a leader in the transformation of steel wire, have announced the installation of a new plant for the steel fiber Dramix ®, with plans to begin production in the second quarter of 2014.
About 200 companies will have the opportunity to make business contacts at the third Latin American Medical Tourism Congress, to be held from April 23rd to 25th.
"The congress will promote business development between suppliers and buyers of medical and dental services in the U.S., Canada and other countries", announced the organizers, through the wire agency ACAN-EFE.
With the trade agreement exports to Mexico rose from $51 million in 2010 to $519 million five years later, and sales to US under CAFTA grew at a rate of 34% annually over the same period.
In the period 2010-2015 exports to Mexico under the free trade agreement signed in 1997 grew at a rate of 59% annually. Businessmen have pointed out that from a business perspective, the Nicaraguan FTAs with Mexico,the United States, Panama, Taiwan and the Dominican Republic have been the most successful.
When it comes to making a choice, there is a clear preference by travelers for "green" hotels and tourism products, confirming that the sustainability of the tourism business only makes sense when the sustainability of the area is guaranteed.
In her blog in Elfinancierocr.com, Katiana Murillo highlights the growing preference of tourists worldwide for hotels which have environmentally friendly practices, even if it means paying higher rates.
Without falling into the bad habit of micro-management, managers should follow the premise of "less deskwork and more walking around the factory."
An article published by the School of Business at the University of Montevideo, points out the need for senior executives and business managers to leave, for short times, the strategic part of their job, in order to be more directly involved in the company's concrete productionprocesses.
The two countries held a second round of negotiations for a Partial Agreement, reviewing sanitary and phytosanitary measures, dispute settlement and other issues.
Technical teams from Guatemala and Trinidad and Tobago began the second round of negotiations for a Partial Scope Agreement (PSA) on Monday in Guatemala City in an effort to strengthen trade relations.
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