Guatemala proposal to stick to Petrocaribe rejectedThursday, June 12, 2008 Venezuela has rejected the proposals offered by Guatemala for working within Petrocaribe. Guatemala's Minister of Energy and Mines, Carlos Meany, told local news media that the Venezuelan Government did not accept the proposal under which they would provide 30,000 barrels of oil per day to Guatemala to cover 40 percent of local consumption. Oil, Politics, and RealismWednesday, July 5, 2017 Alba Petróleos de El Salvador, daughter company of PDVSA, is no longer importing from Venezuela the fuel it sells in the country, doing so instead from the United States. EDITORIAL Opportunity in Plastic Containers in VenezuelaTuesday, September 18, 2012 The resin shortfall faced by manufacturers of plastic products in Venezuela, is affecting the dynamics of other industries, especially food and paint. A statement from the Costa Rican Trade Promotion Office of (PROCOMER) reads: Kimberly-Clark Suspends Operations in VenezuelaMonday, July 11, 2016 The corporation has decided to suspend operations indefinitely "due to the continuing deterioration of economic and business conditions ." From a statement issued by Kimberly-Clark: Venezuela: The Misfortune of Having a Bad NeighborFriday, March 7, 2014 The convulsions in Venezuela should not be seen as merely a political issue, but also from the point of view of the economic insecurity it creates in the region. The effects of the crisis in Venezuela are not only reflected in the economy but spread quickly to the rest of the continent, particularly in countries with the most trade and economic ties. Negotiations remain stalled between Guatemala and PetrocaribeFriday, June 6, 2008 A delegation from Venezuela is expected to visit Guatemala in the coming weeks. During last week's visit to Caracas of Finance Minister Haroldo Rodas and Energy and Mines Minister Carlos Meany, it was hoped that there would be progress in the negotiations for the nation to take part in the Petrocaribe program. However, Meany said that little was accomplished. Centrolac from Nicaragua looking for opportunities in Central AmericaThursday, January 22, 2009 Lacteos Centroamericanos is seeking to expand its operations in the region via Honduras and Costa Rica, both markets which they will enter this year. Elnuevodiario.com.ni reports: "The announce was made yesterday by the general manager of Centrolac, Alfredo Lacayo, who also said that they will take advantage of the commercial opportunities offered by the Venezuelan market, which is a destination that we "have to guard and develop." Colombia Swaps Venezuela for Central AmericaWednesday, July 29, 2009 Facing threats from the Venezuelan Government to suspend Colombian imports, entrepreneurs from this country are looking for alternative markets in Central America. Access to the Ecuadorian market could also be restricted, if the political problem between Colombia, and Venezuela and Ecuador, deteriorates further. China and Venezuela Grow in the RegionThursday, March 10, 2011 U.S. remains the main trading partner in Central America, but two new players are on the rise, China and Venezuela. According to reports by the Economic Integration Department (SIEC), trade in the region (imports and exports) in 2010 totaled $ 49.259 million, 4.85% higher than 2009. Petrobras in talks to seek oil in GuatemalaTuesday, June 3, 2008 Brazilian state oil company Petrobras is to hold talks with Guatemalan authorities with a view to studying the drilling potential of the Guatemalan Pacific. Guatemala is also considering a move to join the Petrocaribe initiative under which Venezuela supplies oil at subsidized prices to the Caribbean, Nicaragua and Surinam. American Airlines Suspends Flights to VenezuelaFriday, March 15, 2019 Arguing that the South American country is not safe, American Airlines decided to temporarily suspend flights to Caracas and Maracaibo. "... The safety of our employees and customers is always our top priority and American will not operate to countries not considered safe," the airline explained in a statement. Guatemala formalizes a deal with PetrocaribeFriday, July 4, 2008 Guatemala President Alvaro Colom announded that his government will soon finish the process of signing a deal with Petrocaribe, which requires ratifaction from Congress. On July 13, Colom will go to Venezuela to take part in the Petrocaribe Summit and will sign the agreement that allows Guatemala to "enjoy the benefits that this initiative offers," he said. American Airlines Reduces Flights to Venezuela by 80%Wednesday, June 18, 2014 Starting July 2nd the number of frequencies to the South American country will be reduced from 48 to 10 per week and flights from New York, Dallas and San Juan, Puerto Rico will be canceled, keeping only the Miami - Caracas route. The reason behind the decision of the U.S. airline is the $750 million that the Venezuelan government owes, as it does to other airlines in the world, such as Alitalia, Copa Airlines and Air Canada, among others. After Chavez: Changes in PetrocaribeTuesday, May 21, 2013 The conditions in Petrocaribe will never be the same: the new government of Venezuela will change preferential credit terms for the purchase of oil. This was explained by the Vice President of Guatemala Roxana Baldetti, who has already met with representatives of Petrocaribe. "Back then, the conditions were the sale of up to 20 thousand barrels per day, of which 40% of the value would be paid in 90 days and the remainder within 25 years, with a rate of 1%. Same as offered to Honduras, reported Laprensa.hn. Venezuela Behind on Billions in Payments to ExportersFriday, August 16, 2013 The delay in the allocation of foreign currency for international payments to suppliers has caused Venezuelan industrial companies to owe some $5 billion to international suppliers. The problem for exporters in the Colon Free Zone over non-payment of goods sold to importers in Venezuela is not isolated, and creates problems not only outside the Bolivarian country, but also for its own industry. |
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