Foreign Direct Investment decreased from $1.658 million to $1.199 million between the first half of 2017 and the same period in 2018.
According to data from the Central Bank of Costa Rica reported a decrease in the flow of the Foreign Direct Investment (FDI) during the first half of 2018, contrasts with the increase of 52% recorded in the same period last year, given that between the first six months of 2016 and the same period in 2017, the flow went from $1.088 million to $1.658 million.
Lack of legal certainty, electricity theft and social conflicts are forcing businessmen in Guatemala's energy sector to choose to relocate their investments to El Salvador.
Last year, the companies Applied Energy Services (AES) and Corporación Multi Inversiones (CMI), both US and Guatemalan capital, decided to invest $47 million in solar energy projects, encouraged by the facilities offered to the energy sector in El Salvador.
Producers in El Salvador, Honduras and Guatemala, will have a processing plant, technical assistance and a global distribution network.
The funds from the Italian-Latin American International Organization (IILA) and the Italian Agency for Development Cooperation (AICS) are part of the project entitled "Revitalization of the quality cocoa chain in Central America and the Caribbean."
The Government of Guatemala announced that it expects to invest next year in Line 7 of the Transmetro system, which will have a total fleet of 35 buses and 32 stations.
The Direction of Urban Mobility of the Guatemalan Government presented a $28 million estimate for the project to implement the Transmetro route that will cover from the Mariano Galvez University in zone 2 to the University of San Carlos in zone 12, which will cross the Peripherical.
The government of Costa Rica has authorized the execution of resources for the road renovation of 270 km of roads and drainage systems starting in the first half of 2019.
The Ministry of National Planning and Economic Policy (Mideplan) approved the execution of the second stage of the Cantonal Road Infrastructure Program (PRVC II), which should be implemented in five years through 110 projects that will improve 270.8 km of cantonal roads and drainage systems.
America Movil reported that planned investments in the Dominican Republic over the next three years will focus on implementing 5G technology and developing new applications.
According to America Movil executives, which owns the Claro Dominicana brand, the Caribbean country is one of the markets where the company has experienced the highest growth in data consumption per user.
During the first semester of the year the country acquired $546 million in Foreign Direct Investment flows, 4.6% less than the $573 million reported in the same period of 2017.
According to the figures of the Banco de Guatemala of the total Foreign Direct Investment (FDI) from January to June of this year, $183 million went to the Trade sector, $97 million to the Manufacturing Industry, $89 million to Banks and insurance companies, $58 million to Telecommunications and $52 million to Electricity.
Businessmen in Nicaragua expect to reduce by at least 50% the investments they had previously planned for 2018, waiting for the problems affecting the country to be solved.
The research by the Consejo Superior de la Empresa Privada (Cosep) and the Fundación Nicaragüense para el Desarrollo Económico y Social (Funides), takes place in the context of more than 160 days of political and social crisis, which has severely affected the performance of the country's economy.
Adverse court decisions against companies, social and political conflicts and fiscal issues are some of the factors that are impeding the development of productive projects in Central American countries.
One of the latest court decisions affecting companies with investments in the region was that of Minera Petaquilla, in Panama.
Partly explained by the regimes created to encourage investment in different sectors, countries in the region went from receiving $11 billion in 2016, to $12.1 billion last year.
According to a study by the Center for Economic Integration Studies, in 2017 inflows of Foreign Direct Investment (FDI) in the region reached a record figure of $12.083 billion, registering an increase of 9.8% compared to 2016.When analyzing the period from 2010 to 2017, it can be seen that the inflow of FDI has increased considerably, showing a growth rate of 7.9%.
In Costa Rica a private consortium has proposed investing $50 million in the modernization of the port of Quepos, to transform it into a terminal with capacity to receive large cruise ships.
Authorities at the Costa Rican Institute of Ports of the Pacific (Incop) reported that the offer by the Costa Rican consortium CEPP Consultants LLC, which was put forward last Tuesday and will be analyzed starting from next week, and relates to a project be developed through the granting of a concession.
28% of the SMEs in Costa Rica stated that obtaining a municipal permit to start operations was the most complex procedure, while another 17% says that the process of registering with the department of Taxation is the most onerous.
According to theIII National Survey of MSMEs, prepared by the State University at a Distance (UNED) and the University of Costa Rica (UCR), for micro, small and medium enterprises (MSMEs) obtaining a municipal patent for operation and registering as a new taxpayer, are the two procedures that most affect the start up of their operations.
After Panama reported a 17% year-on-year decline in foreign investment flows in the first quarter, the cumulative figure for the first six months recorded a 13% decrease.
The latest report by the General Comptroller of the Republic, indicates that the annual fall in the flow of Foreign Direct Investment (FDI) reported from January to June was 13.2%, down from $2.674 billion in 2017 to $2.321 billion in 2018.
The Senate has approved a loan agreement signed between the country and the Inter-American Development Bank, and the funds will be used for the Sustainable Agroforestry Development program.
The Senate of the Dominican Republic has reported that the resources will be used to finance the Sustainable Agroforestry Development program which will be executed by the Executing Technical Unit of Projects at the Agroforestry Development of the Presidency of the Republic (UTPDA) and the Ministry of Public Works and Communications.This initiative was sent by the Executive Power.
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