In order to replace the contracts that will soon come to an end electricity distributors are preparing to launch tenders in the coming months for the supply of 380 MW.
It is expected that in the coming months approval will be given by the National Electric Energy Commission (CNEE) for the distributors Empresa Electrica de Guatemala (EEGSA) and Energuate to start the tender processes.In the case of the first entity, the tender will serve to replace a contract with the San Jose plant, which provides 120 MW.
A strike has been announced for October 27 and 28 unless the government meets demands regarding new rules restricting movement of cargo vehicles in the capital.
The Union of Heavy Transporters has threatened to extend the planned strike until next week if the municipality does not meet their demands regarding new schedules for circulation of heavy transport vehicles in Guatemala City.
A feasibility study indicates an estimated cost of $770 million for building a Metro that will loop through 20 kilometers between the North and South of the capital city, a project which will be put out to tender in 2017.
The project, whose feasibility study was commissioned with the Spanish company IDOM Ingeniería y Consultoría, consists of building a light railway which will extend for 20 kilometers and will have 20 stations.The trains will run from South Centra in Villa Nueva, to Centra Norte, within the limits of zones 17 and 18.
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.
Price of gallon of regular gasoline: Panama $2.64, El Salvador $2.81, Guatemala $2.82, Honduras $3.25, Nicaragua $3.39, and Costa Rica, $3.75.
From a statement issued by the Ministry of Economy of El Salvador:
Variations in the international prices of refined products (gasoline and diesel) over the last few weeks have influenced prices in Central America, placing El Salvador in first position in terms of the lowest prices for regular and special gasoline, and in second position in terms of the lowest prices for diesel in Central America.
Five out of ten Guatemalan entrepreneurs believe that the current legal landscape of the country "could have repercussions" for the business sector.
From a statement issued by the Coordinating Committee of Agricultural, Commercial, Industrial and Financial Associations, CACIF:
Industrial and financial sectors are forecasting the best results, while construction and tourism show lags in different variables that are analyzed in the diagnosis of Perception of Business Activities.
The private sector has denounced the fact that 67 companies have already closed or are in the process of leaving the free zone regime because of the implications of the Emergent Employment Act.
With the Emergent Act for Conservation of Employment, rules for enterprise zones have changed, prohibiting them from carrying out 42 activities, among them some related medicines, electronics, cosmetics, animal feed, leather and footwear, plastics, toys, building materials, furniture and importing machinery and equipment.
From December 1 the new airline Wingo will be operating low cost regional flights.
A subsidiary of Copa Holdings, Wingo, has announced the start of operations and will start with flights on December 1, offering a daily frequency to Panama on Mondays, Thursdays, Fridays, Saturdays and Sundays, and from Guatemala, one daily on Mondays, Thursdays and Saturdays, according to information posted on its website.
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)."
Falling short of the the amount achieved in 2015, $42 million worth of deals were negotiated in purchase intentions of products such as honey, fresh fruits, processed foods, seafood, vegetables and meat.
Although the goal of the union of Nicaraguan exporters was more than $48 million traded in the 2015 edition of the trade fair, they did manage to achieve $42 million in two days of activity, which was attended by 64 international buyers from the United States, Canada, Guatemala, El Salvador, Honduras, Costa Rica, Panama, Ecuador, Brazil, Spain and Puerto Rico.
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
As a Holding Company we are interested in helping other companies to succeed. We do that by investing in other companies with capital and or professional help to allow them to grow in exchange for ownership.
Operates in Panama and Panama
Phone: (507) 7202158