Panama's Investments in Honduras Affected by InsecurityFriday, July 26, 2013 When choosing a destination for their investments, Panamanian businessmen see poor conditions for both physical and legal security in Honduras. This was explained by the Panamanian ambassador in Honduras, Mario Ruiz, adding that lately, trade between the two nations has had difficulties because of the issue of insecurity which "has affected business and has generated concerns about continuing to invest". Porfirio Lobo Promotes Investment in HondurasMonday, January 25, 2010 Honduras' president elect promised freedom and guarantees for investors, in a social market economy. At a meeting with Central American businessmen in Guatemala City, Lobo offered "clear and defined" rules, inviting them to invest in Honduras. Honduras: Multisectoral Business RoundtableThursday, August 20, 2015 On October 22 exporters and importers from Honduras and other Central American countries will be meeting in San Pedro Sula to explore business opportunities. The Chamber of Commerce and Industries of Cortés (CCIC) is organizing the 4th Multisectoral Business Roundtable on Thursday October 22, at the headquarters of the association. Millicom sees 78% increase in net profit in Q1Wednesday, April 23, 2008 Luxembourg-based mobile holding company Millicom Cellular International (Nasdaq: MICC), which operates in the Latin American region under the Tigo brand, continued to see strong growth in its traditional stronghold of Central America, with Honduras outstripping other countries in terms of subscriber growth, growing 88% and adding 515,000 subscribers. Millicom posted a 78% increase in net profit to US$158mn in the first quarter of 2008 compared to US$89mn in 1Q07, the company said in a statement. Trade and Business Overcome PoliticsMonday, November 23, 2009 The political crisis in Honduras didn't damage business as much as it was expected, evidencing that Central America is more integrated economically than politically. Two elements contributed to keeping borders open to trade: Honduras central location in the region, and the diversification and growth experienced by intra-regional commerce in the past few years. Cargill Plans More Investment in the RegionFriday, March 20, 2015 This year the food producer plans to invest $50 million in its operations in Nicaragua, $20 million in Honduras and between $10 and $15 million in Costa Rica. In Nicaragua the company will invest in building two plants and strengthening its distribution center, in Costa Rica it will be investing in improving logistics systems and in Honduras resources will be used for renewal of equipment. Drug Trafficking in the Isthmus Valued at $35 billionTuesday, March 13, 2012 U.S. authorities estimate that 80% of the drugs reaching the country pass through Central America and Mexico. The transfer of illegal drugs from South America to the United States, through Central America is worth about $35 billion dollars a year, which is twice the GDP of Honduras, estimates the foreign minister of Honduras, Arturo Corrales. WEF Global Competitiveness Index 2010-2011Thursday, September 9, 2010 The World Economic Forum rankings for Central America are: Panama 53, followed by Costa Rica 56, Guatemala 78, El Salvador 82, Honduras 91 and Nicaragua 112. Chile (30), Puerto Rico (41) and Barbados (43) are the only three economies from Latin American and the Caribbean with rankings in the top 50. The region's next most competitive economies according to the Global Competitiveness Report 2010-2011 released by the World Economic Forum (WEF) are Panama (53), Costa Rica (56) and Brazil (58). Guatemala's Pacific Oil Targets Central AmericaTuesday, October 30, 2012 The fuel company has announced a regional expansion process in El Salvador, Honduras and Panama. Juan Salazar, manager of the company, explained that in 2013 they plan to open 75 stations in these countries, with a total investment of $48 million and an average cost of $500,000 per facility. Economic Freedom Index 2010Friday, January 22, 2010 In Central America, El Salvador leads (32 in the world), followed by Costa Rica (54), Panama (60), Guatemala (83), Nicaragua (98) and Honduras (99). El Salvador and Guatemala climbed positions in the index when compared to 2009, while Costa Rica, Nicaragua, Panama and Honduras fell lower. Spain's Avánzit to build mobile networks in Honduras and PanamaTuesday, June 10, 2008 Calatel, a unit of the Spanish technology company Avánzit, has won a contract to build wireless telephony networks in Honduras and Panama. The company reckons that the contract will represent income of some US$10 million this year, Reuters news agency reports. The Link Between Economic Opportunity & ProsperityTuesday, November 10, 2009 The 2009 Index of Economic Freedom: El Salvador 33 in the world, Costa Rica 46, Panama 55, Nicaragua 84, Guatemala 87, Honduras 91. The 2009 Index of Economic Freedom, produced by The Wall Street Journal and The Heritage Foundation, covers 183 countries across 10 specific freedoms such as trade freedom, business freedom, investment freedom, and property rights. Reasons to invest in Central AmericaThursday, September 4, 2008 Countries in Central America have interesting tax systems that have converted the region into an attractive market for foreign investment. Rita María Silva, a partner at Deloitte Tax in Honduras, argued that countries in the region have created attractive environments for investors to come and do business. Global Enabling Trade Report 2010Wednesday, May 19, 2010 Costa Rica leads in Central America at #44 in the global rank, followed by El Salvador (57), Panama (61), Honduras (66), Guatemala (69) and Nicaragua (79). With the exception of Honduras, all Central American countries dropped spots in the ranking. Costa Rica and El Salvador lost one spot, Nicaragua two, Panama eight and Guatemala eleven. Wal-Mart Rules Out PanamaWednesday, June 17, 2009 The supermarket chain plans to expand its presence in the Central American countries where it already operates and not to expand itself to new markets. In the coming years, Wal-Mart Central America will open 50 locations distributed throughout Nicaragua, El Salvador, Honduras, Guatemala, and Costa Rica. The new supermarkets will create some 8,000 jobs in the region. |
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