BUSINESS OPPORTUNITY
Tender for Technical Commercial Management ServicesMonday, July 18, 2022 The Dominican Republic is seeking to contract EDENORTE's technical commercial management services in five sectors, to provide services in the concession areas. Government of the Dominican Republic purchase EDENORTE-CCC-LPN-2022-0005: Nicaragua: Harassment of Businessmen ContinuesThursday, June 17, 2021 Arguing that there are indications that businessmen have attempted against the Nicaraguan society and the rights of the people, local authorities ordered to lift the bank and tax secrecy of former Funides executives. In recent weeks in Nicaragua a wave of arrests has been made against presidential pre-candidates, business leaders and people who oppose the government's actions. Uncertainty Due to Wave of ArrestsWednesday, June 16, 2021 In Nicaragua, following the arrests of political and business leaders, uncertainty has increased after local authorities arrested Luis Alberto Rivas Anduray, Executive President of Banpro. In the last weeks Cristiana Chamorro, Arturo Cruz, Felix Maradiaga Blandon and Juan Sebastian Chamorro have been arrested, these people were presidential pre-candidates and are accused of multiple crimes. Political Climate, Pessimism and Investment AttractionTuesday, May 25, 2021 Due to the dismissal of high ranking officials of the justice sector and the fact that President Bukele has strained his relationship with Washington, Salvadoran businessmen foresee an uncertain future for US investments that may come to the country. After the dismissal of the magistrates of the Constitutional Chamber and the Attorney General in El Salvador, the business sector affirmed that this situation was "facts that consolidate an attack against democracy and threaten the liberties of Salvadorans." Sugar: Slight Fall in Production ExpectedTuesday, May 4, 2021 In Nicaragua, it is estimated that for the 2020-2021 sugar harvest, the volume produced will be 1.2% lower than that reported in the previous cycle, a decrease that is explained by excess rainfall and high temperatures. Figures from the National Committee of Sugar Producers of Nicaragua (CNPA) show that between the 2019-2020 sugar harvest and the 2020-2021 cycle, the volume produced decreased from 16.4 to 16.2 million quintals. Blow to Democracy ReportedMonday, May 3, 2021 After the dismissal of the magistrates of the Constitutional Chamber and the Attorney General in El Salvador, the business sector affirms that these are "facts that consolidate an attack against democracy and threaten the liberties of Salvadorans". In the elections held last February 28, Nuevas Ideas, a party led by president Nayib Bukele, achieved a resounding victory that allows it to have a qualified majority in the Legislative Assembly. Nicaragua: $115 Million for HospitalsFriday, March 26, 2021 The Central American Bank for Economic Integration approved a line of credit, whose funds will be used by the Nicaraguan government for the construction of six pre-industrialized steel modular hospitals. The initiative is focused on the construction of 6 pre-industrialized and pre-designed modular steel hospitals in five cities of the country, with a 378-bed capacity and their respective equipment, informed the Central American Bank for Economic Integration (CABEI). Tax Amnesty to Reactivate the EconomyTuesday, February 16, 2021 In order to reactivate the Panamanian economy that has been damaged by the outbreak of covid-19, the Ministry of Economy and Finance will present to the National Assembly a bill to extend the tax amnesty and approve new tax relief measures. The Cabinet Council, led by President Laurentino Cortizo Cohen, authorized, today, the Minister of Economy and Finance, Hector Alexander to present to the National Assembly, the bill extending the tax amnesty, as well as new tax relief measures with a view to reactivate the national economy, explains an official document. Fitch Ratings: Negative Outlook for PanamaThursday, February 4, 2021 Arguing that the pandemic has had a negative effect on the local economy and Panamanian public finances, Fitch Ratings downgraded the country's sovereign rating from BBB to BBB-. Regarding forecasts for 2021, the rating agency expects Panama to experience an economic recovery with a real growth of 9.2%, driven by the economic opening, public investment projects such as the construction of Metro Line 3, exports from the copper mine, and the recovery of domestic consumption. This growth trend is expected to be maintained by 2022, informed the Ministry of Economy and Finance of Panama (MEF). Nicaragua: $143 Million for Electrical WorksTuesday, December 1, 2020 The Central American Bank for Economic Integration approved a loan for the Nicaraguan government to continue financing the National Program for Sustainable Electrification and Renewable Energy. The resources will be used to carry out works of "Rural Electrification by Extension of Networks" and "Normalization of Service in Settlements", which guarantees that through the expansion of electricity coverage by connecting to the electricity distribution network, 35,000 homes in 1,278 rural communities will benefit nationwide, and the normalization of electricity supply to 79,050 homes in 402 urban settlements, reported the Central American Bank for Economic Integration (CABEI). Natural Disasters Disrupt Regional TradeFriday, November 20, 2020 Due to the tropical storms Eta and Iota, severe damage has been reported to the road network in Central American countries, and some border posts in Guatemala, Honduras and El Salvador have been suspended. Since November 17, operations were suspended at the El Corinto, El Florido and Aguas Calientes border posts. These areas, shared by Guatemala and Honduras, are not operational, according to the Guatemalan Superintendence of Tax Administration (SAT). Land Invasion: From Temporary to PermanentThursday, October 15, 2020 Over two years have passed since criminal groups invaded productive land in Nicaragua, and although there have been promises to restore the rights of the owners, up to date 29 properties remain taken. In the context of the political and social crisis that erupted in the country in 2018, at the end of June of that year it was reported that at least ten private properties in Rivas, Matagalpa, Chinandega and Managua had been taken over by criminals. Blocks and Costs to the RegionTuesday, October 6, 2020 The protests in Costa Rica, which affect vehicle circulation in the country and border crossings, will have a short-term impact on intraregional trade and cargo transport costs. In order to access the $1.75 billion credit that it intends to request from the International Monetary Fund (IMF), the Costa Rican government proposed to tax financial transactions, raise the tax on the profits of companies and individuals, and increase the tax on real estate. Electronic Tagging: First company authorizedThursday, May 28, 2020 In Guatemala, the Superintendence of Tax Administration authorized Corporación Disatel S.A. to provide the service of electronic tags for the control of containers in the country. The control of containers through the use of electronic tags has been postponed in the country. In November 2018 the authorities of the Superintendence of Tax Administration (SAT) reported that with the authorization of the two companies interested in providing the service, the service would begin in 2019, however, it was not until 2020 when the first company was authorized. Central America: Threats to the Supply ChainThursday, May 7, 2020 Since El Salvador, Costa Rica and Panama have set a 72-hour time limit for freight drivers operating in the region, hundreds of units have decided to halt their operations as a measure of pressure. Due to the health crisis resulting from the covid-19 outbreak, Salvadoran, Costa Rican and Panamanian authorities decided that the drivers of the cargo transport units entering the country will have only 72 hours to make the formalities at the borders, and to unload and reload the goods from the vehicles. |
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