More Flights Between Spain and GuatemalaMonday, November 19, 2018 Iberia increased the weekly number of flights from 4 to 7, implying an 80% increase in the supply of seats. According to the airline's representatives, the route between Europe and Central America has a high potential for growth, and the profile of passengers who demand flights do so for business or vacation. Fostering Regional DevelopmentThursday, November 15, 2018 Reducing trade barriers and procedures, increasing legal security and improving productive infrastructure are part of the changes required by the business sector for the region's economic development. In Guatemala, the 12th Ibero-American Business Meeting is held, in which the private sector presents proposals to face the current challenges and generate opportunities for the countries of the region. Costa Rican Exports Increase 6%Thursday, November 1, 2018 Due to the performance of the manufacturing sector, from January to September of this year the country reported $8.473 million in foreign sales, 6% more than that recorded in the same period of 2017. According to figures from the Foreign Trade Promoter of Costa Rica (Procomer), in the first nine months of the year exports of precision and medical equipment represented 28% of total sales, and registered an increase of 14% compared to what was reported in the same period in 2017. Guatemala: More Business with EuropeWednesday, October 24, 2018 During the first eight months of the year, the Central American country generated $600 million in sales to Eurozone countries, 4% more than reported in the same period of 2017. According to figures from the Bank of Guatemala, the Netherlands is the destination of Guatemalan exports that showed the greatest dynamism between January and August, with sales of $235 million, an increase of 14% over what was reported in 2017. Panama Issues Debt for $550 MillionFriday, October 19, 2018 The Panamanian government issued $550 million of sovereign debt in the international market, expiring in 2050 and with an average yield of 4.92%. According to information from the country's authorities, the resources collected will be used to partially finance the investment plan contemplated in the General State Budget for fiscal year 2018. Tourist Arrivals Keep IncreasingFriday, October 19, 2018 From January to September of this year, the Dominican Republic registered the arrival of 5 million tourists, 6% more than the figure reported in the same period in 2017. The Central Bank of the Dominican Republic reported that the influx of non-resident visitors in the period January-September 2018 registered the historic figure of 5,009,417 passengers, being the first time that this number of non-resident travelers is reached during the first nine months of the year, arriving 297,931 additional travelers compared to the same period of 2017, representing an accumulated year-on-year growth of 6.3%. Trade Mission to GermanyWednesday, October 10, 2018 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. More flights to Honduras and the U.S.Wednesday, October 3, 2018 American Airlines plans to begin operating flights from the Honduran cities of San Pedro Sula and Tegucigalpa to Dallas in the United States in June 2019. The airline has announced that next year it will begin operating four flights a week between the Dallas International Airport, Fort Worth and San Pedro Sula, and from the same U.S. air terminal in Tegucigalpa, three times a week. Spanish Commercial Office in Costa RicaMonday, October 1, 2018 From this year onwards, the Chamber of Foreign Trade of Costa Rica will be the representative in the Central American country of the Trade Promotion Agency Avante Extremadura. The Chamber of Foreign Trade of Costa Rica and Representatives of Foreign Houses (CRECEX), announced that from this year it will function as representative in Central America of the Trade Promotion Agency Avante Extremadura. Honduran Exports: 3% Decline Up to July 2018Monday, October 1, 2018 Between January and July of this year, sales abroad reached $2.846 million, recording a decrease of almost 3% with respect to the cumulative figure for the same period in 2017. From the report of the Central Bank of Honduras: Little Competition in the Region's Air MarketWednesday, September 26, 2018 Charges, taxes, high fuel prices and other costs at airport terminals can represent close to 30% of the value of air tickets in countries in the region. Airlines that operate in the Latin American region face an uncompetitive market, since in 2018 these companies are projected to earn $2.95 per passenger, a figure much lower than the $15.67 estimated in North America or $7.58 in Europe, according to representatives of the International Air Transport Association (IATA). Flights Announced Between Panama and MadridThursday, September 20, 2018 Air Europa reported that from February 26, 2019, it will be running five weekly flights between the Central American country and the capital of Spain. In a statement the Tourism Authority of Panama reported that the European airline will carry out flights next year using Boeing 787 Dreamliner and Boeing 787 aircraft, from the capital of Spain, where the company has connections with almost all European countries. Tourism Continues to Grow in GuatemalaWednesday, September 19, 2018 During the first seven months of the year, the entry of 1.4 million tourists was reported, 13% more than the 1.2 million reported in the same period in 2017. During the month of July, a total of 211,571 visitors passed through, of which 80% were tourists and 20% were day trippers, according to the Guatemalan Tourism Institute (Inguat). Tourist Spending Down 18%Tuesday, September 18, 2018 Between the first and second quarters of the year, the average daily per capita expenditure made by tourists who arrived in Nicaragua fell from $45.7 to $37.7. From a report by the Central Bank of Nicaragua: Guatemala's I.T. Industry FiguresThursday, September 13, 2018 In 2017, sales abroad made by companies dedicated to the development and promotion of software content totaled $400 million. According to the Digital Development Sector (Sofex) at the Guatemalan Association of Exporters (Agexport), the digital union has 42 associated companies in the country and serves 8 thousand local clients and more than 4 thousand international clients in Latin America, Canada, Europe, Asia and the United States. |
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