Governments Do Not Create WealthThursday, June 28, 2012 "What makes a country prosperous is not its resources but how productive it is. A country is not rich because of what it has but because of what it does with it " - Javier Simán. An analysis by Claudio M. de Rosa in an article in Laprensagráfica.com, refers to the economical situation and the political circumstances in El Salvador, but most of the concepts and findings can be extrapolated to the entire Central American region. Agreement Between the U.S. and Vietnam Concerns Textile SectorTuesday, October 30, 2012 Within the framework of the Trans-Pacific Partnership Agreement, the Asian country requires preferential rules of origin to use raw materials from China. Central American textile businesses are worried that Vietnam receives more flexible terms than those of the FTA with the isthmus, a situation which they said could cause the loss of 200,000 jobs. Meeting of Central American Business LeadersFriday, February 21, 2014 The main issue of concern is the slow pace of intraregional trade, which in particularly is hindered by customs offices in the isthmus. The quarterly meeting of the executive directors and presidents of the Federation of Chambers and Industry Associations of Central America (Fecaica) showed the concern of the sector over measures such as the charging at offices in El Salvador of an $18 fee for the service of scanning the cargo passing through. Not the Way to Improve the Business ClimateFriday, October 13, 2017 Salvadoran industrialists claim that with the presidential veto of the administrative simplification law, the country has lost a valuable opportunity to improve the already deteriorated business climate. EDITORIAL Siman Stores expand in GuatemalaMonday, November 3, 2008 As a part of its expansion and growth strategy for Central America, the Siman chain of stores opens a new store employing 300 people. Despite the international economic crisis, the chain of department stores continues its expansion and growth and added the new Siman Oakland store to bring the total number of stores in Central to 10, with 6 in El Salvador, 3 in Guatemala and 1 in Nicaragua. Regional Energy Congress in El SalvadorFriday, May 9, 2014 The regional electricity market, renewable energy and energy efficiency will be the topics addressed at the event to be held on 27, 28 and 29 August in San Salvador. From a press release issued by the Salvadoran Association of Industrialists: 2011 ‘Feria Energetica’ BeginsTuesday, November 15, 2011 With the participation of 30 exhibitors, the fifth ‘Feria Energetica’ (Energy Fair) organized by Guatemala’s Ministry of Energy and Mines began on November 14. Javier Lopez said that among the activities planned, were 35 lectures by experts from the energy sector from Colombia, Mexico, Japan and India. Sieca Named New DirectorFriday, January 14, 2011 Following the resignation of Yolanda Mayor, Ernesto Torres Chico was appointed director of Comieco. The foreign ministers of El Salvador, Honduras, Nicaragua and Guatemala, and the ministers of Comieco, except Costa Rica, accepted the resignation of Mayora de Gavidia as director of the Central American Economic Integration Department (SIEC). Guatemala: Millions Lost Due to SmugglingThursday, June 2, 2011 Smuggling costs the Guatemalan economy close to $1,280 million a year. The Executive Director of the Chamber of Industry of Guatemala (CIG), said that besides the impact on the economy, it also has consequences for the health of the population. Regional Investments Office Will Establish HQ in NicaraguaTuesday, September 21, 2010 Managua will house the headquarters of the regional investment promotion office in early 2011. Javier Chamorro, executive director of Nicaragua’s investments promotion agency (Pro Nicaragua), pointed that this office aims to coordinate the different regional investment promotion efforts. Don't look for high profits this year...Tuesday, March 10, 2009 When times are tough, surviving in one piece should be the immediate target. The director of the Center for Entrepreneurship at INCAE (Central American Business Administration Institute), Luis Javier Sanz, spoke with El Periódico of Guatemala on key points to address the key economic crisis. Cinemark Invests $2.5 Million in GuatemalaTuesday, March 31, 2009 The American chain will open 6 movie theaters with 3D technology. The rooms will be located in the Eskala Roosevelt shopping center which will open in June. According as the Cinemark Guatemala manager, Javier Alfaro: "With 3D technology, the public will be able to feel as if the image is coming off the screen and it will make the moviegoer a part of the movie. Toshiba strengthens its regional team in Central AmericaWednesday, August 6, 2008 With a greater increase in sales, the company decided to strengthen its regional work team with the appointment of a Retail Manager for six Central American countries. Javier Garita, who resides in San Jose, Costa Rica, was officially named to take up the post last July. Group Cofiño Stahl to Market Audi in GuatemalaFriday, June 12, 2009 The business anticipates opening a new agency to assist clients in September. The manager of sales, Jorge Vallendor, announced that next month they will present the 5-passenger Audi Q5 vehicle. SIECA Director RelievedWednesday, January 5, 2011 At El Salvador´s request, Central American governments separated Yolanda de Gavidia from her post as Director of the Central American Economic Integration Department. Reasons for the dismissal of the former finance minister of El Salvador were not disclosed. |
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