Electric Transformers Market in Central AmericaThursday, March 1, 2018 From January to September 2017, countries in the region imported $229 million worth of electrical transformers, and 43% were purchased by companies in Costa Rica and Panama. Figures from the information system "Market for Electric Transformers and Converters and Reactor Coils in Central America" , compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"] Expocomer: $130 million Foreseen in Business ProjectsThursday, March 1, 2018 The organizers estimate that commercial transactions made between participants will amount to around $130 million, and the economic benefit for Panama could be $45 million. "... 'We have an excellent Expo, with very good expectations. We will have to wait for the numbers at the end of the event, but we hope that the economic spillover for the country will be at least equal to last year's, that is to say, worth about $45 million. Business transactions between participants should be in the order of $130 million," Inocencio Galindo, president of the Chamber of Commerce and Industries of Panama (CCIAP), told La Estrella de Panamá." Return of Madrid - Guatemala FlightsThursday, March 1, 2018 The airline Wamos has announced that as of May the weekly frequency between the capital of Spain and Guatemala City will once again be operational, until at least November 2018. From a statement issued by the INGUAT: Tender: Secure Transport ServiceThursday, March 1, 2018 Crédito Hipotecario Nacional de Guatemala is putting out to tender the transport, custody and safekeeping of valuables from central offices to agencies and vice versa, for a period of seven months. Guatemala Government Purchase 7543107: Printers: A $267 million BusinessFriday, March 2, 2018 In the first nine months of 2017, countries in the region imported $267 million worth of printing machines and equipment, and 45% was purchased by companies in Costa Rica and Guatemala. Figures from the information system on the Central American Market for Printing Machines and Apparatus, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with the graph"] Guatemala: Annual Inflation up to February 2017 is 4.1%Thursday, March 8, 2018 The CPI registered a monthly variation of -0.2%, mainly explained by the negative behavior of food prices. From a report by the National Institute of Statistics: Remittances Still Growing in 2018Thursday, March 8, 2018 During the first two months of 2018, remittances sent from abroad to Guatemala totaled $1.265 billion, 5% more than the total received in the same period in 2017. According to figures from the Banco de Guatemala, in January and February of 2018 the country received $1.265 million in the form of remittances, an amount that exceeds by 5% the $1.202 billion registered in the first two months of 2017. Tender: Equipment for Automotive WorkshopsWednesday, March 7, 2018 In Guatemala, a tender is being launched for the supply and installation of machinery and equipment for the Intecap training centers' auto mechanic workshops. Guatemala Government Purchase 7579055: Rubber: Trade between Mexico and Central AmericaWednesday, March 7, 2018 In 2017, exports of rubber and its manufactures from Central America to Mexico totaled $84 million, 93% more than the previous year. Figures from the information system on the Rubber Market and its Manufactures in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"] Tender: Medical TestsMonday, March 5, 2018 The Ministry of Health in Guatemala is putting out to tender a supply of various tests with equipment for the clinical laboratory department of the Roosevelt Hospital. Guatemala Government Purchase 7433905: Guatemala: No Rebound in Economic ExpectationsMonday, March 5, 2018 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. Food: Global Prices up to February 2018Monday, March 5, 2018 In February, the FAO food price index fell by almost 3% in year-on-year terms, due to a drop in prices of sugar and vegetable oils. From the monthly report on the FAO food price index: More Chinese Products in GuatemalaTuesday, March 6, 2018 In 2017, purchases made by the Central American country from Chinese companies totaled $1.97 billion, 6% more than the amount imported in 2016. According to figures from the Banco de Guatemala, between 2016 and 2017, Guatemalan imports from the Asian country rose from $1.854 billion to $1.970 billion, registering an increase of 6.3%. Guatemala: Changes to Law on BanksThursday, March 8, 2018 If the reforms to the Banking Law that are being discussed in the Congress are approved, cooperatives will have to start reporting information in their loan portfolios. Legal initiative number 5157 which is pending final approval, proposes, among other changes, including in the Credit Registration Information System (SIRC by its initials in Spanish) information from financial institutions that are not yet sending reports. New Maritime Route to Southern MexicoThursday, March 8, 2018 Through the port of Santo Tomás de Castilla, in Guatemala, a direct connection can be made to Puerto Morelos, in Quintana Roo. This new route provides opportunities mainly for perishable products such as shrimp, vegetables and fresh products. |
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