Another Clothes Factory Closes in HondurasWednesday, February 8, 2012 The closure of another maquila center, due to low orders in the world market, means 500 people will be made unemployed. Oscar Galeano, representing the Chamber of Commerce and Industry of Cortes (CCIC), lamented the closure of this maquila company in the previous week, due to the low level of purchase orders from abroad, reported Proceso Digital. Honduras: Investors Worry by InsecurityWednesday, November 11, 2009 Foreign investors are taking special attention to the country's crime levels when analyzing whether to invest in Honduras. The former president of the Honduran Council of the Private Enterprise (COHEP), commented on the challenges faced by the country in security and crime. "Alba de Nicaragua" Public Limited CorporationTuesday, September 29, 2009 ALBANISA is a group of companies with activities and interests in many sectors of Nicaragua's economy. It is a mixed private company, 49% owned by Nicaraguan state petrol company "Petróleos de Nicaragua" (Petronic), while the remaining 51% is owned by its Venezuelan counterpart, "Petróleos de Venezuela" (PDVSA). It was created in 2007, as a result of Nicaragua's entry to ALBA, the Bolivarian Alliance for the Americas. Honduran Businessmen Approve Treaty with CubaTuesday, March 3, 2009 The Honduran Private Enterprise Council sees an opportunity to expand export markets in the agreement. COHEP Vice President, Oscar Galeano, said in statements to La Trubuna that "Cuba has characteristics somewhat different from ours, but there is always the chance to explore them and determine the potential degree of consumer purchasing power and competitive advantages." Plastic Exports to Grow 8% in 2017Wednesday, December 13, 2017 In Honduras, entrepreneurs in the sector are maintaining the projections made at the beginning of the year and estimate closing 2017 with growth of between 6% and 8% in exports of plastic and its manufactures. An entrepreneur in this area, Óscar Galeano, told to Latribuna.hn: "... 'we are expecting to export a million and a half pounds to the Central American market, which is our main market, however, the growth that we had calculated is going to be between 6% and 8%'." Honduras: Thermal Energy Contract DeniedMonday, July 11, 2011 The Honduran government has reaffirmed its decision that the country's energy matrix must be based on renewable sources, discarding the option of buying electricity generated from fossil fuels. The former president of the Honduran Council of Private Enterprise (COHEP), Oscar Galeano had denounced the fact that the National Electricity Company (ENEE) signed a contract to supply 10 years of thermal energy, which was denied by the manager ENEE, Roberto Martínez Lozano, who said the government is committed to renewable energy Luis Velázquez New Minister of Economy of GuatemalaThursday, May 12, 2011 The businessman Luis Velazquez has replaced the economist Erick Coyoy in the management of the Ministry of Economy. Luis Velázquez thus becomes the fifth economy minister during the government of President Alvaro Colom. Honduran Airport Investment AnnouncedThursday, November 10, 2011 The company Aeropuertos de Honduras has announced an investment of $52 million into expanding and remodeling four international terminals. Fredy Nasser, president of Aeropuertos de Honduras, said that the works will be carried out at the airports of Toncontín in Tegucigalpa, Goloson in La Ceiba, Juan Manuel Galvez in Roatan, and San Pedro Sula. Honduras: Chambers Opposed to New Security TaxMonday, June 6, 2011 Businesses in the Cortés Chamber of Commerce and Industry (CCIC) disagree with paying a second fee for security in addition to municipal tax. Oscar Galeano, director of the Honduran Council of Private Enterprise said that currently a municipal security tax is paid in San Pedro Sula that raises about $1.8 million (35 million lempiras). Panama and Colombia to Negotiate FTAMonday, January 18, 2010 After an initial exploratory round, both countries agreed to negotiate a Free Trade Agreement. The commerce vice ministers from both countries will meet to establish schedules, action plans and negotiating tables. Guatemala Records 0.42 Point DeflationTuesday, February 10, 2009 The Consumer Price Index registered a decrease of 0.42% in the month of January Elperiodico.com.gt in its website publishes: "Thus, Luis Arroyo, Director of the IPC of the National Institute of Statistics (INE), has affirmed that this is the first time in 25 years that there has been a fall in prices during January." Azteca Bank begins operations in El SalvadorThursday, November 13, 2008 The vice president of the Administrative Council, Luis Niño, said that they hope to have government approval by the end of the year to operate with a banking license in El Salvador. The financial institution, a subsidiary of the Mexicano Group, will continue with its expansion strategy in region after opening several branches in Peru and Brazil this year. Honduras: Insurance more expensive in 2009Friday, November 14, 2008 The president of the Honduran Insurance Chamber, Jose Luis Moncada, did not rule out that insurance costs may increase next year. We still can talk about percentages yet; we will complete negotiations with reinsurers at the end of December and that is when we will know how much the increase will be, plus the local costs due to inflation and the economic recession, he added. Panama to host the Assembly of the Federation of Latin American BanksWednesday, October 22, 2008 Panama will host the XLII Annual Assembly of the ederation of Latin American Banks fro the 16 to the 18 of November. The event will bring together high level representatives of the member banks of the federation and the president of the Inter-American Development Bank, Luis Alberto Moreno, will also be present. IDB approves $90 million loan for NicaraguaMonday, August 4, 2008 The funds are to be used for the rural production reactivation program and for poverty alleviation programs for Nicaragua's poorest. The president of the Inter-American Development Bank (IDB), Luis Alberto Moreno, expressed Sunday in Nicaragua their willingness to continue supporting the government of Daniel Ortega in energy development, rural production and food crisis relief projects. |
|