Nicaraguan Exporters Reluctant Over SucreThursday, October 25, 2012 The industry is concerned about the currency that is defined by reference to trade with Venezuela through the Unitary System for Compensation of Regional Payments (known as SUCRE). The Superior Council of Private Enterprise (COSEP), warned that if Albalinisa, which concentrates all exports to Venezuela, decides to use the cordoba in parity with the the sucre, there would be an economic loss because of the need to change from dollars to cordobas. The Oil Route: Venezuela - Nicaragua - El SalvadorMonday, December 17, 2012 Up to November Nicaragua exported 56.7 million kilos of crude oil to El Salvador, at a price of $34.1 million. Writing about the topic in his article in Elsalvador.com, Ivan Olivares says: Meeting Between Venezuela and Panama Over CFZ DebtMonday, August 5, 2013 On August 12th talks will start on the debt held by Venezuelan companies with exporters from the Colon Free Zone. According to Germán Gómez, president of the Association of Users of the CFZ, the goal is to specify how much of that debt corresponds to the National Administration Committee (Cadivi), who provides currency in Venezuela under the exchange control which has been in force in this country for more than a decade. Verification of Billing to Venezuela by CFZTuesday, August 13, 2013 For two weeks the national commission will be examining the validity of the debt documented as owed by Venezuelan businessmen to Panama exporters. Prensa.com reports: "... the parties have agreed that Venezuela will send the records of more than 600 entrepreneurs who trade with the Colon Free Zone (CFZ), and then compare them with the data belonging to users of the Panamanian zone". Mercosur: Not a Trade Alliance But An Ideological OneFriday, June 7, 2013 The entry of Venezuela to the South American block has consolidated its character as being driven more by domestic political considerations that modern commercial criteria. "We need to get rid of this straight jacket, since we will not conclude any agreement while having Argentina and Venezuela as partners," said Roberto Giannetti, director of the Department of International Relations and Foreign Trade of the Federation of Industries of the State of Sao Paulo (Fiesp). Colon Free Zone Is Alert to Venezuelan CrisisFriday, February 21, 2014 The concern is that the economic situation in the South American country will make the recovery of outstanding debts even more difficult. The conflict currently facing Venezuela worries the Colon Free Zone (CFZ), as this may aggravate the collection of debts that are still owing. Venezuela Announces Massive Food ImportsThursday, October 24, 2013 In order to address the problems of scarcity and shortages, the government announced massive food imports, without having yet specified of which products. Under the framework of the II South American Congress of Oil and Gas, held in Margarita Island (northeast), the vice president of economy, Rafael Ramirez, said that "in order to solve two problems that are affecting us a lot, which is the matter of shortages and which causes significant inflationary pressure, we are preparing an offensive, massive food imports. " Colon Free Zone Facing Tough 2013Wednesday, July 10, 2013 According to the Association of the CFZ, if it were the end of 2013 now, the Zone would be recording losses of $1.5 billion. Surse Pierpoint, president of the Association, explained that the main causes are the protectionist measures implemented by Colombia and Venezuela, two of the main customers of the CFZ. Foreign Investment Up 16% in NicaraguaWednesday, July 10, 2013 With significant participation by Venezuela, levels of FDI reached $1.284 billion in 2012, $182 million more than in 2011. The main targets were industry, trade and services, energy, mining and free zones, which accounted for 77% of the total, according to data presented by the investment promotion agency ProNicaragua. Future of Petrocaribe at RiskFriday, April 25, 2014 Moody's is warning that countries with oil deals with Venezuela face risks if this country reduces or eliminates its financial support to the block. A report by the rating agency notes that "In the countries of Central America and the Caribbean, the "most vulnerable" are Nicaragua and Jamaica, while less exposed are Honduras and Guatemala." Distortions in Nicaraguan Livestock ExportsTuesday, March 26, 2013 Industrialists have denounced sub invoicing in the sale of live cattle in Guatemala, as a fraudulent method of getting subsidies. From an interview in Elnuevodiario.com by Leslie Nicholas Lacayo with Alfredo Marín, vice president of the Chamber of Industries of Nicaragua, who explains the causes of the decline in exports to Venezuela, a major beef market: Nicaragua Opens Power PlantThursday, November 3, 2011 With an investment of $52 million, the country's president Daniel Ortega has inaugurated the 30 MW power station. The 'Victorias del Alba' ("Alba's Victories" in English) plant, financed by Venezuela, is located in the community of Puerto Sandino in north west Nicaraguan coast, near León. Nicaragua: Sausage Exports to Venezuela UnderwayThursday, December 22, 2011 The company Delmor will begin exporting sausages to Venezuela next year through a contract with a Danish company. Zacharias Mondragón, Delmor’s manager, said that they will start with about 8 containers a month in the first three months of 2012, and in the long term send about 20 containers a month to the Venezuelan market. Venezuela Imposes New Rules for Imported MeatTuesday, February 2, 2010 Meat exporters are now required to ship specialized cuts, plus adding labels to specify type and weight of each item. Nicaragua, an important exporter of meat to Venezuela, has complained that these measures were not included in an agreement signed by Nicaraguan slaughterhouses and Venezuelan entrepreneurs. Panama Pacífico Sponsoring SIPA-Expo 2009Monday, September 14, 2009 The Business & Investment Summit Panama will be held in Pestana Hotel, Caracas, Venezuela, on September 30th. Project Panamá Pacífico will be present at the event, advising on the benefits of operating in it: tax, migratory and labor incentives, special customs regime and simplification of government procedures. |
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