The Social Security Fund of Costa Rica plans to invest $42 million in the construction of new infrastructure in Guanacaste, in the health areas of Bagaces, Liberia and Santa Cruz, and in the building for chronic kidney disease.
The Costa Rican Social Security Fund (CCSS) reported that investments will be made in 2020, and that public tenders for these works will include the construction and equipment of medical centers.
Most of the reported increase in foreign investment flows to the country in the first quarter of the year was explained by investments in the electricity sector.
In the first quarter of 2019, figures from the Bank of Guatemala (Banguat) report a considerable increase in foreign direct investment (FDI) compared to the same period last year, going from $293 million to $340 million.
With the strategic development of the Guatemala Country Brand, there are expectations in the business sector to jointly promote investments, exports and tourism.
In El Salvador, it is proposed that the law discussed in the Assembly, considers the reduction of minimum requirements for investments made in special economic zones, to compensate for the disadvantages of lack of productive activity in the area.
In July 2018, the Executive Branch presented to the Legislative Assembly the draft Law on Special Economic Zones (LZEE), which is being analyzed by the Economy Commission.
Although in Guatemala the right to operate the El Escobal mine was granted in law, the project has been suspended for two years, making future investments in the country unviable.
The disadvantages for Minera San Rafael's operations date back to 2017, when in May of that year the Guatemalan Center for Legal, Environmental and Social Action (Calas) filed a protective action, arguing that the Ministry of Energy and Mines had not conducted the necessary community consultations before authorizing the licenses.
After making a strategic alliance with the firm Dollarama, the business conglomerate plans to open 225 new stores dedicated to the sale of home and office goods in El Salvador, Guatemala and Colombia.
It was reported that the Canadian company Dollarama reached an agreement to acquire a 50.1% stake in the chain of stores of Salvadoran origin Dollarcity, in a transaction estimated at $85 million to $95 million.
Integral Fruits & Co., a company of Ecuadorian origin, plans to invest in the country close to $6 million in the construction of two aquaculture farms and the production of different types of fruit.
One of the projects that the company will execute will begin in mid-2020 and consists of the construction of a farm with 64 swimming pools dedicated to the cultivation of tilapia, white shrimp, snapper and cod. This investment will be made in the department of Retalhuleu and the production, which is estimated at about 60 tons per month, will be exported to Asia and Russia.
Because of higher dividend repatriation and lower reinvestment of earnings, Foreign Direct Investment flows reported during the first quarter of the year totaled $177 million, 55% less than in the same period in 2018.
Central Reserve Bank (BCR) figures detail that between January and March 2018, and the same period in 2019, the attraction of Foreign Direct Investment (FDI) was reduced by $224 million, falling from $401 million to $177 million.
The chain of hardware stores EPA will open from July 4th its fourth sales point, which will be in a shopping center in Zone 10 of the country's capital.
The company reported that in its new store that will be in Rambla 10 Shopping Center, will offer more than 15 thousand items distributed in 27 categories related to construction.
Through a cooperation agreement with the Mexican government, El Salvador will reforest nearly 50,000 hectares of land in different parts of the country.
The presidents of El Salvador, Nayib Bukele, and of the United Mexican States, Andrés Manuel López Obrador, signed on June 20 in Tapachula, state of Chiapas, a cooperation agreement for the planting of 50,000 hectares in El Salvador, a project that will generate 20,000 jobs and is part of the Integrated Development Plan (IDP) for Central America, informed the presidency of El Salvador.
After 14 months of socio-political crisis in Nicaragua, companies in the country face a reduction in consumption and investment, as well as the impact on national economic activity of rising unemployment.
According to studies conducted by the Consejo Superior de la Empresa Privada (COSEP) and the Nicaraguan Foundation for Economic and Social Development (FUNIDES), the local economy faces a contraction in economic activity that continues to deepen, prevailing uncertainty and distrust in consumers and investors.
During the first three months of the year, foreign direct investment flows in the country totaled $1.648 million, 18% more than in the same period of 2018.
The report of the Economic and Social Analysis Directorate of the Ministry of Economy and Finance (MEF), states that between the first quarter of 2018 and the same period of 2019, the amount of Foreign Direct Investment (FDI) grew by $254 million.
Walmart opened a new sales point under the Maxi Despensa format, in La Libertad, and required a $4 million investment.
Walmart representatives informed that the new Maxi Despensa Campos Verdes is located in a total area of 1,833 square meters, of which 1,436 square meters correspond to the sales room.
The Circle K chain of stores, originally from the United States, will open its first store on June 19, which will be in Zone 9 of the country's capital.
Grupo Intur, a business firm that already operates the chain of stores in Honduras and Costa Rica, reported that it will be in charge of investments in Guatemala and that the first point of sale will be in Plaza Asadis, Boulevard Liberation.
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