The determination of how much and how the minimum wage should be regulated, something that occasionally seems to be done in an arbitrary manner and for political purposes, continues to be one of the factors that most confront Central American businessmen and governments.
In Costa Rica, a 3% increase in the minimum wage was approved for 2019; in El Salvador, an increase is expected to be discussed, and in Guatemala, the commission in charge of the issue reported that no increases will be made this year.
In December 2018, the Confidence in Economic Activity Index in Guatemala reported a 14% increase regarding November, and in relation to the same month in 2017 it increased 8%.
The Banco de Guatemala informed that in the last Economic Expectations Survey an inflationary rhythm of 4.01% is forecast for December 2018. It foresees 3.93% for January 3.96% for February and 4.24% for December. In addition, for a 24-month period (December 2020) the Panel forecasts a 4.38% inflationary rhythm.
For agricultural businessmen, the proposal to change the minimum wage discussed nationwide jeopardizes the jobs and incomes of about 500,000 people working in agriculture.
With the aim of promoting the destinations of both countries, businessmen from the hotel sector of Quintana Room, Mexico, seek to create alliances with Guatemalan tour operators.
In Guatemala, a business meeting is held between Guatemalan tourism businessmen and a group of Mexican executives, headed by representatives of the Posadas hotel chain.
Reducing trade barriers and procedures, increasing legal security and improving productive infrastructure are part of the changes required by the business sector for the region's economic development.
In Guatemala, the 12th Ibero-American Business Meeting is held, in which the private sector presents proposals to face the current challenges and generate opportunities for the countries of the region.
From November 21st to 23rd, a regional event will be held in the country's capital to discuss issues related to competitiveness, innovation, territorial development and cluster management.
The 11th Latin American Congress of Clusters (CLAC) of the TCI Network will be held at the end of this month, on the topic "Leadership for innovation and competitiveness in Latin America: territorial development strategies based on Clusters."
Costa Rica and Panama are the economies of the region where businessmen find it easier to develop business, followed by El Salvador and Guatemala, and in the last two places, Honduras and Nicaragua.
The World Bank announced the results of the Doing Business 2019 report, which measures the regulations that favor or restrict the development of business activity in different countries. Doing Business consists of quantitative indicators on business regulations and the protection of private property rights, comparable in 190 economies.
From November 5th to 9th, Guatemalan businessmen from the agricultural and manufacturing sectors will visit Frankfurt to discuss business opportunities with local buyers.
The representatives of the Guatemalan Association of Exporters (Agexport) informed that the trade mission they organize, will allow Guatemalan businessmen to contact potential buyers from Germany, whom they will have business appointments previously defined.
Excessive regulation, increased tax charges and geopolitical uncertainty are the main risks to business growth in the region for Central American CEOs.
PricewaterhouseCoopers (PwC) conducted the Global CEO Survey in the Central American region, in which a group of business executives from Central American countries and the Dominican Republic shared their opinions about their economic expectations.
From October 1 to 3, Guatemala will be hosting a Conference on Free Zones of the Americas, where topics such as the potential and benefits of companies in the sector will be discussed.
From a statement issued by the Association of Free Zones of the Americas:
Guatemala, September 19, 2018.- The Association of Free Zones of the Americas - AZFA - together with the Santo Tomas de Castilla Free Zone, Chamber of Industry, Chamber of Commerce and the Ministry of Economy, presented the twenty-second Conference for Free Zones of the Americas to be held from October 1 to 3 at Hotel Casa Santo Domingo, in Antigua Guatemala.
From September 6 to 9, about 50 businessmen from China will be meeting with Guatemalan industrial companies to explore business opportunities.
The business conference is being organized by the China - Guatemala Chamber of Cooperation, and will be held in the Industry Park, in zone 9 of Guatemala City.
From November 5 to 9, Guatemalan entrepreneurs from the agricultural and manufacturing sectors will be visiting the US city to explore business opportunities with local buyers.
Representatives from the Guatemalan Association of Exporters (Agexport) reported that theTradeMissionto Chicago is geared towards companies that export fresh and manufactured products geared towards the retail segment. The main objective is the opening and positioning of the Guatemalan exportable supply in the third largest city in the United States, Chicago, in Illinois.
On July 17 and 18 representatives of international franchises from different sectors will be showcasing their business models and meeting with companies interested in acquiring their franchises.
EXPO FRANQUICIA 2018 is being organized by the Chamber of Commerce, Industries and Agriculture of Panama, and will bring together more than 100 companies showcasing 70 exhibition modules from a variety of chains including restaurants , desserts, pastry shops and bakeries, air conditioning technical services, pre-school education, photography and design, manicures and pedicures, business networks, automotive service, and footwear, among others.
Entrepreneurs feel that corruption in the public administration is the State's main problem, and they affirm that a high percentage of companies have been exposed to bribes.
The Coordinating Committee of Agricultural, Commercial, Industrial and Financial Associations of Guatemala carried out the "I Survey of Business Perception 2018", and among the main results that were obtained, were that "...38% of entrepreneurs said that corruption in public administration is the state's main problem which prevents development, while 43% say that their companies have been exposed to bribes."
Improving performance using new sources of renewable energy and the manufacturing, food and agroindustry sectors is one of the objectives of the strategic plan put forward by industrial entrepreneurs in the region.
The Board of Directors of the Federation of Chambers and Industrial Associations of Central America and the Dominican Republic (Fecaica), presented its strategic plan for the 2018-2023 quinquennium, which considers the issues which the region should focus on in order for the industrial sector to grow.
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O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...
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