Due to weak competition in the local market, the prices of goods and services in the basic basket are significantly higher in Costa Rica than in nearby countries.
A report by the Organization for Economic Cooperation and Development (OECD), called the "Economic Study on Costa Rica", concludes that consumers in the country pay higher prices for milk, rice, vehicles and Internet services.
Click Box, a company that replicates the business model of Amazon and AliExpress, entered the Salvadoran market a few months ago and so far sells products from some 50 local businesses.
In this scenario of changing consumer habits, which emerged from the spread of covid-19, online commerce has reported a considerable rise. A report by CentraAmericaData states that interest in e-commerce services in El Salvador has been growing since January 2020, and that this trend has continued.
Increasing demand, new competitors of all kinds and the manufacture of uncertified products are some of the changes that this business is bringing to the pandemic scenario in Costa Rica.
According to CentralAmericaData reports, in Costa Rica since January 5, 2020 the interactions on the Internet associated with cleaning products show a clear upturn.
Because the transportation services provided by platforms like Uber cause people to increasingly question whether or not they need to buy a vehicle, vehicle dealers must face new challenges to keep up with sales.
Investment in more sophisticated equipment, preparing human capital for knowledge generation and coordinated decision making between government and business, are some of the areas that Panama has to work on in order to continue competing globally.
The country depends largely on the economic activities of the logistics sector, as it contributes about 33% of the Gross Domestic Product. However, the intense competition at a global level has forced Panama to face multiple challenges.
The initiatives of Competition, Leasing and the reforms to the General Law of Telecoms are some of the projects that the new administration of Giammattei plans to present to the Congress of Guatemala.
During his inaugural speech, the new president of Guatemala gave the first guidelines in the economic field, highlighting which projects should be streamlined in the Legislative.
In El Salvador, there is a demand that the updating of the Law on Public Administration Procurement and Contracting that the deputies seek to make be carried out without neglecting the principles of competition and transparency.
After the Executive submitted the amendments to the draft reform of the Public Administration Procurement and Contracting Law (LACAP) to the Legislative in 2019, a sub-committee of the Assembly is examining the proposals.
The launch in the local market of 10 different products of roasted and ground coffee and in capsules of the Starbucks brand, reflects the increase of competition in the segment of premium coffees, which already represents about 4% of total consumption in the country.
The products that will be marketed initially in the chains of Walmart and Másxmenos supermarkets, are distributed by Nestlé, which bought the retail distribution of these Starbucks products globally.
Although Grupo Aval S.A. de Colombia owns both financial entities, the conglomerate has decided that the two banks will compete separately in the Panamanian market.
Along with the possibility of investing $350 million in the construction of new facilities in the Puerto Caldera, in Costa Rica, comes the promise of more competitive maritime service rates.
The interest in developing the terminal expansion project has been expressed by SPC, the current concessionaire of the Costa Rican Pacific maritime terminal, and by DP World, the UAE state port company, companies that would invest in the construction of 800 meters of berthing area at a depth of 16 meters.
The sanction was imposed following a complaint made "by TVC Network, S.A. de C.V., against Digicel, S.A. de C.V., for a possible abusive dominant position."
The complainant stated that this economic agent was creating barriers to the entry of competitors or the expansion of existing ones in the market for the termination of national and international calls, informed the authorities of the country.
In April, Ultracem Guatemala, a Colombian company dedicated to the import and distribution of finished cement packed in sacks, began operating.
Executives of the company explained that for the start-up of the company in the country have invested about $1.2 million, and that the warehouses for storage and packaging are located in Puerto Barrios, Izabal.
In Panama, in the last three decades the business has been growing, which is reflected in the considerable increase in franchises, which compete for a share of the market.
The first international franchises to reach the country were Pizza Hut and Domino's Pizza in 1987 and 1988, respectively. Then others were established such as Tamburelli Pizza & Pasta, Athen´s Pizza, Ciao Bella Pizza, Pizzería Italiana and Napoles.
The lack of a competition law in Guatemala could expose the country to sanctions from the European authorities, since it is a requirement demanded in the regulations of the Association Agreement with the European Union.
Since the end of 2016, the Association Agreement (AdA) required Guatemala to have a law on the matter, since in 2019 a Central American competition authority would have to be created. However, it cannot operate, because there is no legal framework.
In Guatemala, the Dunkin chain opened a new sales point at kilometer 14.5 of Carretera a El Salvador and plans to open five new stores in 2020.
Representatives of Grupo INTUR, the company that owns the franchise, reported that the new store has a self-service and outdoor terrace, and that with the opening of this local add 20 sales points in the country.
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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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