For Guatemalan businessmen, in order to have solid institutions in the country, aspects of the electoral system, civil service, justice sector and public expenditure must be modernized, strengthened and regulated.
On October 10, the National Meeting of Businessmen for Development (ENADE 2019) was held, which dealt with the theme "From a Liquid State to a Solid State."
After registering year-on-year rises of 7% and 6% in July and August, respectively, in September the Confidence in Economic Activity Index in Guatemala showed a 7% variation.
An inflationary rhythm of 4.08% is forecast for September, of 4.22% for October and of 4.29% for November 2019. Regarding December 2019 and 2020, the Panel foresees an inflationary rhythm of 4.43% and 4.46%, in that order, the report of the Banco de Guatemala needs.
In August, the Index of Confidence in Economic Activity registered a 7% decrease with respect to the previous month, a drop that complements the inter-monthly drop reported in July of this year, which was 17%.
According to those consulted, factors such as the lack of political consensus, weakening of institutional credibility and the social panorama are elements that affect the business environment, reported the Central Bank of Honduras (BCH).
After motorized paramilitaries attacked a group of businessmen with firearms on September 7, the productive sector asks the government to clarify the facts "in an objective and truthful manner.”
The violent aggression was directed at the Cosep delegation and the Civic Alliance, made up of José Adán Aguerri, Michael Healy and Álvaro Vargas, who accompanied journalists Jaime Arellano and Aníbal Toruño on a visit to the city of León, reported the Superior Council of Private Enterprise (Cosep).
Although several sectors disapprove of the initiative, in Nicaragua the Legislative Commission in charge of the reform endorsed the bill that seeks to remove the power of businessmen to propose their representatives to the Coffee Commission.
On August 14, the Production and Economy Commission of the National Assembly ruled positively on the initiative presented by President Ortega to modify the Law for the Transformation and Development of Coffee Farming.
In Costa Rica, between the second and third quarters of the year, the Global Expectations Index reported a decline of 9%, explained by a deterioration in the prospects of all productive sectors.
Regarding the previous quarter, the fall in the general optimism of businessmen originates in the weakening of the indices of services, manufacturing, trade and construction and to a lesser extent, agriculture, explains the report prepared by the University of Costa Rica.
In Nicaragua, there is uncertainty because the government is reviewing the tax reform without the participation of businessmen, and because adjustments to the minimum wage could be made in September.
Weeks ago, it was reported that when the government's review of the tax reform in force in the country since February is completed, businessmen consider that no tax cuts will be made, despite the fact that production costs in the country have risen considerably.
From 5 to 10 October, Guatemalan businessmen from the agricultural sector will travel to Madrid to make several business appointments with potential Spanish buyers, and also know the trends in the supermarket sector.
Spain is a market with an interest in export products such as mango, avocado, roasted and green coffee, fresh vegetables and exotic fruits, some of the products most demanded by Spanish buyers, reported Agexport.
One of the first actions of El Salvador's new president, Nayib Bukele, was to announce the elimination of four secretariats and the creation of two new ones: Innovation and Trade and Investment.
In El Salvador, the changes that are coming with the arrival of Nayib Bukele to power are beginning to be announced, since at the first meeting of the Council of Ministers it was reported that the Technical Secretariat of the Presidency, the Social Inclusion Secretariat, the Governance Secretariat, the Transparency and Anti-Corruption Secretariat, and the Vulnerability Secretariat, all created during the FMLN government, will disappear.
From July 22nd to 25th, Guatemalan companies focused on mass consumption will meet with Dominican buyers, and will learn about market trends through visits to major supermarkets.
The mission, organized by the Guatemalan exporters' guild, is aimed at national companies focused on mass consumer products, who will have the opportunity to have business appointments with Dominican buyers, hold meetings with institutions in the destination country, and learn about market trends.
Reducing social security contributions, lowering the price of electricity and simplifying procedures in the country are part of the changes proposed by Costa Rica's private sector to reactivate the economy.
Representatives of different productive sectors agree that immediate actions focused on improving the performance of the Costa Rican economy should be implemented.
On May 24, a delegation of 12 companies from the South American country will visit Guatemala to offer local distributors foods such as avocado, apples, asparagus, blueberries and others.
The event, promoted by the Guatemalan Chamber of Commerce, will be held in a hotel south of the Guatemalan capital.
In the first quarter of the year, the Industrial Confidence Index in the Dominican Republic improved slightly compared to the period from October to December 2018.
The Industrial Confidence Index (ICI) rose slightly from 57.1 in the fourth quarter of 2018 (October-December) to 57.9 in the first quarter of 2019 (January-March). This implies an increase in confidence to increase industrial production in the near future, reported the Association of Industries of the Dominican Republic (AIRD).
After March 2019, the Confidence in Economic Activity Index reported a 6% y-o-y decrease, in April the variation was of 4% regarding the same month of 2018.
The report of the Banco de Guatemala explains that during April "... an inflationary rhythm of 4.26% was forecast for April and of 4.32% for May as well as for June 2019. Regarding December 2019 and 2020, the Panel foresees an inflationary rhythm of 4.38% and 4.46%, in that order. In addition, for a 12 and 24-month horizon (April 2020 and April 2021) the Panel forecasts an inflationary rhythm of 4.32% and 4.30%, respectively.
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