españolPoultry Business in HondurasWednesday, July 8, 2020 In the local market, the demand for fried and roasted chicken is estimated at 640,000 parts per day and each consumer spends an average of $3.33 on each purchase. Figures from the National Association of Poultry Farmers of Honduras (Anavih) detail that weekly consumption of cooked chicken amounts to about 4.4 million pieces and approximately 25% of total Honduran consumers buy this type of food.
MARKET TRENDS
Vehicle Maintenance: Potential Market and TrendsWednesday, July 8, 2020 During May and June in most markets of the region the interest of consumers in vehicle maintenance services has rebounded, and currently it is estimated that in Central America about 250 thousand people are looking to hire services associated with the subject through the Internet. Through a system developed by CentralAmericaData, which monitors in real time changes in the number of consumers trying to purchase a specific product or service in Central American countries, their interests and preferences, it is possible to project short and long term demand trends for different products, sectors and markets operating in the region. Financial Sector: Preference for Liquidity IncreasesWednesday, July 8, 2020 Preventive reasons for unforeseen expenses in the context of the pandemic and low liable interest rates are some of the factors that explain the increase in the balance of short-term savings instruments in the Costa Rican market. In the context of the spread of covid-19 and the restriction of several productive activities, the broad money supply (including cash held by the public and highly liquid financial instruments in national and foreign currency) showed a 35.7% year-on-year growth rate in June 2020, considerably higher than the 2.7% recorded in the same month in 2019, while the balance of term instruments fell, reported the Central Bank of Costa Rica (BCCR). International Business Roundtable PreparedWednesday, January 22, 2020 EXPOCOMER 2020 will take place in Panama City from March 25 to 28. Businessmen from 30 countries will participate in the event, exhibiting food products, beverages, textiles, clothing and accessories, technological and electronic equipment. Jorge Garcia Icaza, president of the EXPOCOMER 2020 Organizing Committee, reported that the exhibition area of the fair to be held at the Atlapa Convention Center has sold out 90% to date and this year's edition is expected to attract the participation of some 30 countries from the Americas, the Caribbean, Europe and Asia, who will attend this event to take advantage of opportunities to present everything from food and textile lines to technology and home appliances, among others. Telecommuting is Here to StayMonday, June 8, 2020 A study carried out among companies in Guatemala concludes that eight out of ten companies consider continuing with the work-from-home modality once the crisis generated by covid-19 is over. Higher levels of productivity, better balance between personal life and work, added to savings in travel time and expenses, are part of the benefits of implementing the modality of working from home or another place other than the traditional office. In the unfortunate context in which the Central American region lives due to the spread of the Covid-19 virus and the impact it has had at the economic level, the positive results that have been achieved with the possibility of working from home show that, from every crisis, something good always comes out.
MARKET STUDY
Vehicle Batteries: More Business with MexicoTuesday, July 7, 2020 From January to April 2020, Central American companies imported from Mexico $28 million in electric batteries, 4% more than in the same period in 2019. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"] Economic Activity: Historic Decline in PanamaMonday, July 6, 2020 During April 2020 the Monthly Index of Economic Activity in the country reported a 35% year-on-year variation, a fall that is explained by the restrictions imposed following the outbreak of covid-19. The most affected activities were: Construction, Hotels and Restaurants, Commerce, Manufacturing Industry, Other community, social and personal service activities, among others. "New" Market for Cleaning ProductsMonday, June 22, 2020 Increasing demand, new competitors of all kinds and the manufacture of uncertified products are some of the changes that this business is bringing to the pandemic scenario in Costa Rica. According to CentralAmericaData reports, in Costa Rica since January 5, 2020 the interactions on the Internet associated with cleaning products show a clear upturn.
MARKET STUDY
E-Commerce: What do Consumers Want to Buy?Monday, June 22, 2020 Among the people who look for products and services available online in Central America, 20% try to buy electronic devices such as cell phones, video game consoles or cameras, 17% home and garden items, and 10% vehicles. The interactive information system developed by CentralAmericaData monitors in real time the changes in consumer habits in all markets in the region, with fundamental information to understand the new commercial environment that has emerged in an accelerated manner. Banana Sector: Operating ProtocolsTuesday, July 7, 2020 In this context of sanitary crisis, banana companies in Costa Rica must ensure the cleaning and disinfection, at least twice a day, of all surfaces and spaces that are considered critical. The Ministry of Agriculture and Livestock (MAG) recently approved the protocol for the prevention of covid-19 in the banana sector, which contemplates the preventive and mitigation actions that producers of this fruit for export must comply with to avoid the spread of the disease.
MARKET STUDY
Potential Market for Educational ServicesMonday, July 6, 2020 In Central America, more than 17 million people are looking to purchase educational services online, and 9% of these consumers are exploring options to purchase language courses. The interactive information system developed by CentralAmericaData, monitors in real time the changes in consumer habits in all markets of the region, with fundamental information to understand the new commercial environment that has emerged in an accelerated manner. Brands and the New Market RulesMonday, June 1, 2020 Assessing the company's value proposition and conveying it properly, as well as adapting quickly to the current business environment to create bonds of trust with customers, are part of the challenges that brands must face to survive. According to experts on issues related to marketing and branding, the severe home quarantines decreed by the Central American governments due to the outbreak of covid-19, has imposed new habits to consumers. Companies and Businesses: How to Deal with the Pandemic?Wednesday, April 1, 2020 Analyzing the economic and financial situation of the company, implementing a resistance plan, identifying what products customers need and what opportunities can be exploited in this context, are some of the tips for businesses in the new and complex reality. In response to the arrival of the covid-19 virus in the region, Central American economies have taken different measures, in scenarios ranging from severe mobility restrictions, as in Guatemala or Honduras, to others that are less strict but equally negative for economic activity, as in Costa Rica. World Business Forum in GuatemalaThursday, April 10, 2014 The fourth edition of the Latin America World Business Forum AILA 2014 will be held in Guatemala City on September 10th 2014. From a statement issued by World Business Forum Latin America: Credits: Maximum Rates in Costa RicaFriday, July 3, 2020 Following the entry into force of the Usury Law, the Central Bank published the maximum annual interest rates, which for credit operations in colons amount to 37.69% and 30.36% in dollars. The law that was published on June 20, 2020 establishes the methodology to be used to set the maximum interest rate, and stipulates that the Central Bank of Costa Rica must publish on its website and on The Gazette, the maximum usury rates in the first week of January and July each year. |
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Friday, August 7, 2020 - last update: 5:04 pm
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