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Entries Tagged as 'Honduran Business & Economics'

CA Borders Reopen

July 2nd, 2009 · 1 Comment

The Executive Director of COHEP, Benjamin Bogran, explained that according to the results of a legal analysis, the conclusion was that the countries of Central America who accepted the blockade against Honduras were in violation of the Agreement of Central American Economic Integration.

The Federation of Farming and Agro-industrial Cameras “Federación de Cámaras Agropecuarias y Agroindustriales (Fecagro) rejected the decision of Guatemala, El Salvador and Nicaragua to close the borders of commerce with Honduras, as it was detrimental to the economies of El Salvador, Guatemala, Nicaragua and Honduras.

The borders have reopened as a result.

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Tags: General Honduras News · Honduran Business & Economics · Politics in Honduras

Hondutel’s People Accused

July 1st, 2009 · No Comments

Five Ex-civil servants of the Honduran Company of Telecommunications (Hondutel), are the first to be accused in the millionaire bribe of the transnational company LatiNode. Inc. and are as follows:

Ex-manager of Hondutel, Marcelo Chimirri, Jacobo Lagos and Jorge Pink Alberto, as well as their ex-legal advisers involved in the case: Danilo Santos and Daniel Flowers.

See entire article here (Spanish)

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Tags: Honduran Business & Economics · Politics in Honduras

Nunez Responds to CNN

June 30th, 2009 · 14 Comments

CNN has just asked the new Minister of Finance of Honduras, “What is plan B”? Taking into account that only Taiwan has supported the current Government of Honduras. Minister of Finance, Nunez, stated Honduras will be just fine.

The World Bank has frozen funds earmarked for Honduras, until this crisis is solved. The organization in charge of business in the country, The Honduran National Business Council (COHEP) is 100% behind Micheletti.

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Tags: Honduran Business & Economics

World Bank Strong-Arms Honduras

June 30th, 2009 · No Comments

“It’s a situation that is in flux and fluid, and in this case we’re trying to play a supportive role with the region and it’s overall goals to restore democracy,” Zoellick said. “We’ve basically put a pause on our lending.”

The World Bank’s fiscal year starts July 1st, and Honduras was to receive roughly $80 million from bank’s International Development Association (IDA), in the upcoming year.

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Tags: Honduran Business & Economics