Guatemala: Economic Recovery and ForecastsWednesday, May 5, 2021 According to the IMF, the local economy is well positioned to support the recovery and overcome the deterioration of social indicators, which worsened due to the pandemic caused by the Covid-19 outbreak. Strong remittances, pandemic-resilient productive specialization, and unprecedented economic policy support limited economic contraction in 2020, while the outlook for 2021 benefits from additional U.S. Flights between Costa Rica and Holland ReactivatedMonday, April 19, 2021 In the context of the economic reactivation, the airline KLM announced that as of June 29 they will resume three weekly flights on the usual Amsterdam-San José-Liberia-Amsterdam route. KLM will fly on Tuesdays, Thursdays and Saturdays arriving at the Juan Santamaria International Airport at 1:05 p.m. and departing for Liberia at 2:45 p.m. From Liberia it will leave for Dutch soil at 4:40 p.m., according to a press release from the Costa Rican Tourism Board (ICT). Travel: Request to Lift Restrictions in PanamaMonday, April 5, 2021 The business sector requests the country's authorities to repeal Executive Decree 260, which establishes measures to enter the national territory to people coming from South America. The Chamber of Commerce, Industries and Agriculture of Panama (CCIAP) requests the National Government to discuss and support the measures to be implemented in a balanced manner, stressing the message that we are facing a health and socioeconomic crisis that must be addressed in a comprehensive manner, where decisions cannot be made exclusively by the Ministry of Health (MINSA). Nicaragua: Air Connectivity Remains in CrisisTuesday, February 23, 2021 Since American Airlines, Aeromexico, United Airlines and Spirit announced that they will delay their return to the country until April, local businessmen have given up hope that air connectivity will improve in the coming weeks. Six international airlines operate in Nicaragua, but currently only Copa and Avianca are flying. The remaining four have postponed their return and according to their latest announcements, they would return until April. Consumer Behavior: Trends for 2021Thursday, January 28, 2021 In this context of changing behaviors and new commercial realities, consumers are expected to increase their preference for open spaces, green areas, contactless payment systems, and stores where there are no queues. The covid-19 outbreak caused far-reaching changes in the way people behave. These changes brought about a new business normal, a reality to which companies have had to adapt rapidly. Economy: Honduras Imposes RestrictionsMonday, January 11, 2021 In order to mitigate the spread of the coronavirus in the country, from January 10 to 17, a curfew will be applied between 9:00 p.m. and 5:00 a.m. the following day, and children will also be prevented from entering stores. The exception in the circulation in not allowed schedules is subject to institutions described in the current PCM, transport of heavy load and person with safe-conduct authorized by the Secretary of Security, details an official document. Price Management: Lessons from 2020Wednesday, December 23, 2020 Taking advantage of shortages to sell at high prices and visualizing the benefits to companies of strategies that demonstrate social empathy in difficult times are some of the lessons learned during 2020, which was highlighted by the health and economic crisis. The spread of covid-19 suddenly transformed the global business landscape. Ariel Banos, founder of Fijaciondeprecios.com, has identified five lessons that companies learned in terms of price management, in this context of changing commercial reality. Business Strategies for 2021Friday, November 27, 2020 Promoting a risk management culture, defining possible scenarios by turning uncertainty into a variable and preparing to safeguard the company's operational continuity are some of the most important strategies for facing the coming year. The pandemic that generated the spread of covid-19, caused changes in all business sectors and also generated an environment of uncertainty regarding the future of the economy. Panama to Export Chicken Meat to ChinaWednesday, November 18, 2020 Authorities from both countries signed a protocol that will allow Panamanian producers to export poultry meat to the Asian nation. The agreement that was signed on November 17, 2020 by Panama's ambassador to China, Leonardo Kam, representing the Ministries of Health and Agricultural Development, and by the Director General of the General Administration of Customs of China, Ni Yuefeng, includes an annex with the list of ten eligible chicken edible by-products that would integrate the agreement. Costa Rica: Hotels Reopen Their DoorsTuesday, November 3, 2020 Following the reactivation of air transportation and the easing of restrictions on foreign visitors, the Marriott chain announced the reopening of four hotels operating in the country and the Four Seasons will also reopen its resort in Guanacaste. The year 2020 has been a complex one for the tourism sector in general, since due to the outbreak of covid-19 since March the hotels began a period in which they did not receive income. Events in Costa Rica: Capacity Increase AllowedFriday, October 30, 2020 As of November 1st, meeting centers and event halls, including hotels, will be able to accommodate business and academic activities for up to 150 people. In addition, in the specific case of social activities such as tea baskets or weddings, the maximum allowed capacity will be 30 people, also without the inclusion of those in charge of attending the event, reported the Costa Rican Tourism Institute. Consumers, Mobility and Sales TrendsThursday, October 29, 2020 In Costa Rica, the number of people visiting commercial establishments, restaurants and entertainment venues has been rising in recent months, but consumption levels are still low, due to unemployment and limited income. Because of the quarantine caused by the covid-19 outbreak, April was when people stayed longer in residential areas; however, according to Google mobility reports, as of June mobility patterns began to change. Agriculture: Challenges in Times of PandemicTuesday, October 27, 2020 Scheduling medical checkups for the staff, preparing the housing modules to maintain social distance and adapting the logistics of transporting people are challenges that the sugar mills will face during the 2020-2021 harvest. The sugar cane harvest that is about to begin represents a source of employment for thousands of people in the region and in this context of the propagation of covid-19, the companies will have to face multiple challenges to get the harvest going. Economic Reopening: Sanctions in GuatemalaFriday, October 16, 2020 Arguing that this is misleading advertising, the Directorate of Consumer Services has sanctioned businesses that offer "covid-19 free zones" in the country's capital. According to Guatemalan authorities, five establishments have already been sanctioned, since these businesses have offered free covid-19 tests or masks that ensure total protection against infection, which is classified as misleading advertising.
BUSINESS OPPORTUNITY
Panama: $19 Million in Building RehabilitationThursday, October 15, 2020 Tenders are invited for the rehabilitation, maintenance and improvement works of 64 multi-family housing buildings, located in El Chorrillo, Barraza, Santa Ana and Calidonia, in the district of Panama. Panama Government Purchase 2020-0-03-0-08-LV-040082: |
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