Insecurity Affecting Honduran Investments

Some companies are moving their offices to other countries in the region and others are abandoning the idea of settling up in the country because of insecurity.

Thursday, August 18, 2011

So said the president of the Chamber of Commerce and Industry of Tegucigalpa (CCIT), Aline Flores, in light of the revival of agrarian conflict in the Lower Aguán region, requesting swift action by the government.

Adolfo Facussé, president of the National Association of Industrialists (ANDI), added that they are lacking clear policies that would encourage production.

Elheraldo.hn published comments by the executive, "... if you fly over Honduras and have a look at the level of land exploitation, you see there is only a fraction of cultivated land, large areas of land are not being occupied and they are owned by the government, if you want to make land reforms, they must start there, but with real farmers and I repeat, a farmer is someone who loves the land, who wants to plant on it, who wants to harvest it, a farmer is not a guy with AK-47 who wants to steal another person’s property. "



More on this topic

Honduran Companies Migrate to Mexico and Nicaragua

March 2013

Harassment and a business climate of animosity in the country has forced 25 Honduran companies migrate to Mexico and Nicaragua.

Latribuna.hn reports that "15 of them moved to Nicaragua and the rest to Mexico to the Yucatan area, because they have found better conditions to invest and grow, therefore, the National Association of Industrialists (ANDI), is anlaysing setting up branches in these places in order to continue serving its members. "

Another Tax to Pay: Extortion

September 2011

In El Salvador, where the cost of insecurity is equivalent to 12% of GDP, extortion is the main obstacle to economic development.

Crime affecting the country stops economic development and investment, according to the technical secretary of the Presidency, Alex Segovia.

Honduras: Closure of Cigar Factory Announced

August 2011

The president of the National Association of Manufacturers, Adolfo Facussé, reportedly stated that the owner of the tobacco company informed him that they will move their operations to Nicaragua.

According to Wendy Mejia in her article in Elheraldo.hn, the cigar factory, located in the department of El Paraíso, is one of the largest in the country, currently employing 1,500 people, who would become unemployed if this move goes ahead.

Honduras: Businesses Opposed to Bank Tax

June 2011

The proposal to tax all banking transactions has been strongly rejected.

The government aims to create $79 million to combat insecurity, which would be financed in part with proceeds from a tax of 0.2% on all transactions carried out in banks.

Industry representatives believe that this measure is excessive and that not all transactions should be taxed, as the financial cost to businesses would be very high.

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