Guatemala: State Money Capture Will Increase RatesThursday, December 5, 2013 Warnings are being issued of a possible rise in the cost of credit if the government finances its spending with bonds issued in the local market. Elperiodico.com.gt reports: "If Congress authorizes for the next fiscal period the issuance of $1.282 billion in bonds to finance public spending, as the executive branch plans, credit to the private sector could be affected ... ". Financial Sustainability of the State in GuatemalaThursday, October 2, 2014 "Net contributors are providing less and less taxes in relation to the services they receive, while net receivers are demanding more and more benefits compared to what they provide." Despite the relatively small size of government relative to the economy, a factor which some international analysts point to as a factor which undermines a country's development, "... Guatemala: State Spending and Taxes QuestionedWednesday, December 10, 2014 The Foundation for Development in Guatemala argues that there is a lack of technical justifications for new taxes and lack of transparency in approving the 2015 budget. From a statement issued by the Foundation for the Development of Guatemala (FUNDESA): $594 million Port in ColonWednesday, November 16, 2016 Panama Colon Container Port has submitted an Environmental Impact Study to build a port terminal in Isla Margarita, Cristobal, province of Colon. Panama Colon Container Port Inc. presented the Environmental Impact Assessment (EIA) for the construction of a container port in the area comprising the sector Margarita Bay in the village of Cristobal, district and province of Colon. The project is called "Panama Colon Container Port" and requires an estimated investment of nearly $600 million. Arnold & Porter to Structure Eurobond IssueFriday, September 28, 2012 The international legal consulting firm will be responsible for representing Costa Rica in the process of issuing Eurobonds. A press release from the Ministry of Finance of Costa Rica reads: New Port in ColonThursday, March 1, 2012 The government of Panama has granted in concession 27 acres in Isla Margarita to be used to build a container port that will cost $600 million. The Maritime Authority of Panama and the company Panamá Canal Colón Port Inc. have signed a contract for the construction, operation and management of a container terminal and general cargo area in Isla Margarita, Colon, at a cost of $593.9 million and for a period of 20 years. 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. Nicaragua: Improvements Planned at Port "El Rama"Monday, November 16, 2009 The Association of Producers and Exporters (APEN), together with the state's port company, are analyzing improving the services offered by the sea port. The project, submitted by Azucena Castillo, APEN Manager, will help producers by lowering shipping costs and reducing delays. El Salvador: $ 2,000 Million Investment FrozenWednesday, November 17, 2010 At least seven projects are stalled, waiting for the country's situation to improve. Newspaper elsalvador.com detailed major investment projects which are on stand-by in El Salvador: New Tool for the Salvadorian Importing SectorThursday, February 12, 2009 Through the portal of eSalPort, importers will have access to all the information related to the procedures and logistics of their cargo shipments. Laprensagrafica.com reports: "The importing sector can count on a new tool that will reduce the entry times for goods to the country that enter through the customs located at the port of Acajutla and the International Airport of El Salvador (AIES)." Conflict in Panama over port zone concessionWednesday, October 1, 2008 Four companies allege to have requested the concession of an area of land and sea to build a dock at La Roca in Balboa. Three weeks ago it was mentioned that three companies had requested the concession to develop the port infrastructure at the site; these were Trans Ibérica Terminal & Services, Talleres Industriales and Atlantic Pacific S.A. Guatemala: Companies Bid for Container Inspection ServiceMonday, December 21, 2009 Five companies have submitted bids for inspecting containers at Port Quetzal. They are "Prosersa", "Sertec", "Port Security Inter (PSI)", "S2 Global Screening Solutions" and "Desarrollos Circe". Consultant Hired for Tourism PromotionMonday, September 24, 2012 The Guatemalan Tourism Institute (Inguat) has directly hired the firm Arnold & Porter to promote the country in six countries and attract investors. The objective of the $575,000 contract is encourage countries to withdraw warnings issued to its citizens not to visit Guatemala. Contracts Signed for Solar Energy in El SalvadorMonday, July 28, 2014 Contracts have been formalized with the four companies awarded the supply of 94 MW for a period of 20 years. From a statement issued by the Ministry of Economy of El Salvador: Production ChainsFriday, October 26, 2012 An international conference is to be held with the title of “Getting the most out of Global Value Chains: Opportunities and Challenges for Latin America.” The Ministry of Foreign Trade (Comex), the Organization for Economic Cooperation and Development (OECD) and the Inter-American Development Bank (IDB) are inviting participants to the conference entitled: “Getting the most out of Global Value Chains: Opportunities and Challenges for Latin America.” |
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