More Productivity in Shrimp FarmingWednesday, April 18, 2012 The shrimp industry, which exported $52.8 billion in 2011, is seeking to improve infrastructure and implement improved farming technologies. The production of shrimp and fish farming generates more revenue than deep-sea fishing, as reports by Electronic Service for Export Authorization (SEADEX) and the Committee on Fisheries and Aquaculture of the Guatemalan Association of Exporters (Agexport) clearly show . Bureaucracy threatens loans worth $179 millionWednesday, April 25, 2012 In Guatemala, legislative barriers are delaying 3 loan approvals for infrastructure, competitiveness and development. Three loans totaling $179 million are in danger of being lost due to delays in Congress in approving the loans, despite having them on the agenda. Colon Establishes Itself as Home Port for CruisesMonday, April 9, 2012 Tens of thousands of tourists board cruise ships bound for the Caribbean, generating a strong hotel business, which during the 2012-2014 season should make about $75 million. About 90% of passengers taking cruises in the Colon 2000 port spend 3 to 4 days in the area before boarding in order to see the sights and shop. Electric Interconnection Between Panama and Colombia Moving ForwardMonday, June 28, 2010 The project has reached an important milestone: environmental studies may now tell the impact that the $600 million initiative will have over the jungles of Darién. Juan Manuel Urriola, Panama’s energy secretary, remarked that the investment will be shared in equal parts between companies ISA in Colombia and Etesa in Panama. Avianca + Taca = HoldcoFriday, October 9, 2009 Five years ago Avianca was on the brink of bankruptcy. After purchasing TACA, it is one of the largest airlines of Latin America. The merger of both companies is likely to trigger a process of airline concentration in Latin America. AeroMéxico has already announced it will seek alliances beyond commercial agreements. El Salvador on the Brink of RecessionFriday, November 9, 2012 The constant deceleration of the Volume Index of Economic Activity (IVAE in Spanish), is a clear sign that the country's economy could end 2012 in recession. Data reported by the Central Reserve Bank (BCR) up until August indicates that the IVAE that only grew by 0.7% compared to 3.4% reported in the same period of 2011. Electricity Shortage in PanamaTuesday, March 18, 2014 The growth in demand is constant and despite massive investments the current system is operating on the point of collapse. An article in Prensa.com reports that "... The explosion on the control panel belonging to the thermoelectric Pan Am Generating, recorded last week, reduced by 200 megawatts the operating margin between electricity generation and demand, which reached 400 thousand megawatts. " More Cruise Ships Arriving in Costa RicaWednesday, March 7, 2018 During the 2016-2017 season, 250 cruise ships arrived at the country's ports, representing an increase of 34% over the previous season, and the number of tourists on board increased by 16%. According to official figures, between the seasons 2015-2016 and 2016-2017, the number of tourists who arrived on board cruises grew by 16%, rising from 242,930 to 280,854. Panama: Investments for $100 million in Costa AbajoThursday, October 27, 2016 The construction of a 108 kilometer road, rural water supply and treatment plants are some of the investments announced for Costa Abajo, in the province of Colon. From a statement issued by the Presidency of Panama: Competition, Protectionism and MonopoliesFriday, December 4, 2020 After Grupo Lala decided to close the operations of its dairy production plant in Costa Rica, a debate began over whether Dos Pinos' dominance in the local market was due to protectionist policies or to the brand positioning, quality and price of its products. Although at the beginning of 2019 Lala announced that it had invested $14 million in the purchase of high technology machinery and in the expansion of its dairy plant in San Ramón, province of Alajuela, on December 1, 2020 it informed that they decided to close operations. Panama is Homeport for Pullmantur CruisesFriday, September 2, 2016 In the 2017 season the shipping company Pullmantur will have a permanent operation in the port of Colon. From a statement issued by the Tourism Authority of Panama: El Salvador: Reconstruction Plan for $21 millionTuesday, December 20, 2011 The government has presented a reconstruction plan for Bajo Lempa for $21 million and reiterated its commitment to the development of this area of El Salvador. A press release from the Presidency of the Republic of El Salvador reads: New Germany - Costa Rica Flight TimetableThursday, November 13, 2014 The airline Condor has increased to three the number of weekly flights it makes between Frankfurt and San Jose. From a statement issued by the Costa Rican Tourism Institute (ICT): New Guatemala - Chicago FlightThursday, May 17, 2018 Starting from October, Avianca plans to start operating a daily flight between Guatemala City and Chicago, in the United States. On October 29, the flight connecting La Aurora Airport to Terminal A of O'Hare Chicago International Airport will start operating on board an A320 aircraft with capacity for 150 passengers, 12 in business class and 138 in economy class. Guatemala and Cruise TourismTuesday, May 22, 2018 For the 2017-2018 season, the arrival of 165,000 tourists on board 120 cruise ships is expected, which will represent an increase of 33% over the previous period. The general director of the Guatemalan Tourism Institute (Inguat), Jorge Mario Chajon, stated that "... the current cruise season that began in September and will end next August, will be the best ever in Guatemala, both terms of the arrival of vessels, as well as the number of cruise passengers and the projected foreign exchange income. 'A total of 120 cruises will arrive during the season, which is 25% more than last year'." |
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