In a transaction valued at around $272 million, German company Delivery Hero acquired Glovo's operations in eight Latin American countries, including Costa Rica, Honduras, Guatemala, Panama and the Dominican Republic.
Delivery Hero strengthens its position in Latin America, adding Peru, Ecuador, Costa Rica, Honduras and Guatemala to its existing presence, and further expanding its existing operations in Argentina, Panama and the Dominican Republic, the German business group reported.
In order to ensure the supply of drinking water supply to half of the Panamanian population for the next 50 years, achieve water sustainability in its operations and guarantee its competitiveness, the Panama Canal will invest $2 billion.
Following the protests reported on August 29, Costa Rican authorities decided that as of September 9, units with foreign plates transiting from border to border in the country will be monitored by GPS and will no longer be given convoy escort.
As a form of protest, drivers of cargo vehicles kept the traffic blocked at Paso Canoas, a border post between Panama and Costa Rica.
The constant resurgence of covid-19, the closure of international markets and the loss of consumer confidence, postpone the beginning of the recovery of the air industry, a process that is predicted to be long in the context of the new business reality.
According to the International Air Transport Association (IATA), in this context of business and economic crisis in a large number of countries at the global level, there is no evidence of strong growth in global demand for cargo and its progress continues to be an extraordinary challenge for airlines.
The government announced that the country's airports are scheduled to reopen from 10 August for domestic flights and from 17 August for international flights.
Due to the spread of covid-19, the authorities decided to close the air terminals in March to contain the disease in entry.
In response to the restrictions applied to Costa Rican pilots, who are prevented from leaving with cargo from Panama, since July 14 Costa Rica has not allowed trucks with Panamanian plates to leave carrying goods.
Because of the spread of covid-19, Costa Rica was the first country to impose restrictions on cargo transport units from other countries in the region. Faced with this decision taken unilaterally, governments applied reciprocal measures.
Arguing that it is not allowed to leave with cargo from the rest of the countries in the region, Costa Rican transporters are protesting at the border between Costa Rica and Panama, and are asking the authorities to apply reciprocal measures.
The discontent of Costa Rican businessmen could hinder the transit of goods in Central America, and although as of midday on July 7 no blockades of cargo transport had been reported, the sector does not rule out extending the protests.
Local authorities decided to extend from 3 to 10 days the maximum period that drivers of international cargo transport are allowed to stay in Salvadoran territory to unload or load merchandise.
Due to the spread of covid-19 Costa Rica was the first country to impose restrictions on cargo transport units from other countries in the region. Faced with this decision taken unilaterally, the governments applied reciprocal measures.
As part of the reopening of borders and the revival of commercial flights, the European Union did not include any country in the region in its initial list of markets authorized to resume commercial flights.
Because of the covid-19 outbreak, commercial flights continue to be suspended in all Central American countries; however, it is expected that in the coming weeks restrictions will be lifted and airports in the region will begin to normalize their operations.
After the difficulties generated by the restrictions imposed by Costa Rica on the entry of cargo from neighboring countries were overcome, the Costa Rican pilots denounce that the authorities of the region, far from applying reciprocal measures, have established "repressive measures."
Restructuring of airlines, preference for direct flights, modifications in the routes operated and the use of smaller aircraft are some of the changes expected in the regional air market in the context of the new business normality.
Air traffic has virtually disappeared in the last three months, as governments in Central America have decided to close borders and suspend commercial flights to and from the region's airports as a result of the covid-19 outbreak.
From three to five days, the time that Costa Rican carriers have available to stay in Nicaraguan territory, to unload goods or for regional transit, was increased.
Currently, transporting goods by sea between Central American countries can increase freight costs by at least 60% compared to the land option, which represents an obstacle to changing the way goods are transferred in the region.
As a result of the closure of the Penas Blancas customs crossing, on the border between Costa Rica and Nicaragua, some businessmen in the region had to resort to the sea route in order to deliver their orders.
After several days of tension generated by the restrictions imposed by Costa Rica on the transport of cargo from neighboring countries, Central American authorities reached an agreement and opened the way at the border of Penas Blancas.
Although the region's markets are not yet facing a scenario of shortage of raw materials or products, the restrictions imposed on freight transport are destroying the regional logistics chain.
Given this scenario of health crisis, the free transit of goods in Central America has been interrupted in recent weeks.
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