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.
Continuing with the decreasing trend that has been reported since last year, in March 2018 the Confidence Index of Economic Activity fell by 30% with respect to the same month in 2017.
According to a survey carried out by Banco de Guatemala, an inflationary rhythm of 4.34% is forecast for March, 4.40% for April and 4.38% for May 2018.As for December 2018 and 2019, the Panel foresees an inflationary rhythm of 4.54% and 4,65%, in order.
Following the downward trend registered since last year, in February 2018 the Confidence Index of Economic Activity fell by 38% compared to the same month in 2017.
According to the survey carried out by Banco de Guatemala, an inflationary rhythm of 4.7% is forecast for February, 4.6% for March and 4.6% for April 2018.As for December 2018 and 2019, the Panel foresees an inflationary rhythm of 4.6% and 4.7%, in that order. In addition, in a forecast for 12 and 24 months (February 2019 and February 2020) the Panel foresees an inflationary rhythm of 4.67% and 4.56%, respectively.
With the amendments to the Commercial Code, it is now possible to register a limited company on the Mercantile Registry site and registration of individual merchants will soon be available.
The changes to the regulations becameeffective at the end of January, and among the most important modifications were the reduction of initial capital for the creation of a company, going down from Q5 thousand ($681) to Q200 ($28).
As of January 2018, the Confidence Index of Economic Activity fell 31% with respect to the same month in 2017, reinforcing the downward trend registered since last year.
During the first month of the year, economic expectations varied compared to those collected in December 2017, as 2018 is expected to close with an inflationary rhythm of 4.9% (last December the expectation stood at 4.5%) and with the Real Gross Domestic Product registering growth of 3.1% (in the last month of 2017 an increase was estimated for 2018 of 3.2%).
With the entry into force of the reform of the Guatemalan Commercial Code, from today a company can be incorporated with $28.
The modifications that already apply were published in the Diario de Centroamérica on October 31, 2017. Among the most important changes is the reduction of initial capital for the creation of a company, going down from Q5 thousand ($681) to Q200 ($28).
One of the best parameters of the strength of an economy is the amount of businesses it creates. In Panama, 47% fewer companies were created in 2017 than in 2016.
The Confidence Index of Economic Activity as of December 2017 was down 41% compared to the same month in 2016, reflecting a loss of confidence in the economy in the last year.
According to the economic expectations collected at the end of 2017, it is expected that 2018 will close with an inflationary rhythm of 4.5% and that the Real Gross Domestic Product will register a growth of 3.2%.
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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.
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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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