In the context of the economic crisis, it is estimated that companies in Central America have reduced the working hours of employees to an average of 32 hours per week.
As a result of the spread of covid-19 in the countries of the region and the imposition of strict home quarantines, demand for products and services has fallen considerably in most markets.
Nicaraguan companies in the industrial sector pay between $0.20 and $0.22 per kWh, while in other Central American countries the price ranges between $0.11 and $0.18 per kWh.
Data from a regional energy study by the Federation of Chambers of Commerce of the Central American Isthmus (Fecamco) reveal that for the industrial sector in Guatemala it pays the least for electricity and that of Nicaragua it assumes the highest costs in the region.
Governments should control tax evasion, expand the tax base and combat corruption, increasing revenue to finance the fight against insecurity.
A statement by the Federation of Chambers of Commerce of Central America (FECAMCO) reads:
THE FIGHT AGAINST DRUG TRAFFICKING AND SOCIAL VIOLENCE DOES NOT SOLEY DEPEND ON MORE TAXES
The social costs that violence and organized crime bring are embodied in several dimensions, among which is the irreparable loss of lives, physical and emotional toll of victims and the costs related to private security in homes or businesses. The current violence that Central America is experiencing has significantly impacted on companies' productivity and has therefore hindered the economic growth of our countries. We therefore condemn all kinds of populist measures that directly affect productivity, competitiveness and economic growth in the region.
Honduras' president-elect, Porfirio Lobo, will meet next Friday with 30 businessmen from Central America.
The event will take place at Hotel Camino Real, in Guatemala City, and will feature the participation of companies who are members of Fecamco (Chamber of Commerce of the Central American Isthmus).
The European Union has requested Central America to resume negotiations for an Association Agreement.
While gathering at Brussels, EU's foreign relationships ministers remarked the council's intention of concluding the negotiation process for an association agreement with Central America.
Central America's chambers of commerce requested the European Union to recognize the elections in Honduras, in order to resume negotiations for an association agreement.
At a meeting in San José, Costa Rica, the Federation of Chambers of Commerce of the Central American Isthmus (Fecamco), "unanimously endorsed Honduras' elections" and asked the European Union to recognize them.
The Federation of Chambers of Commerce on the Central American Isthmus (FECAMCO) urged the governments of CA to carry out concrete negotiations for the integration of Panama into SIECA.
The president of the entity, Costa Rican Carlos Federspiel, said to Acan-Efe that in the face of the financial crisis that started in the US "it is necessary to strengthen intra-Central American trade and for Panama to be integrated into the economic system of the region and other agreements such as the Agreement of Association with the EU."
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...
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