The Guatemalan economy points to greater pressure on the general price level due to the reactivation of the international geopolitical conflict, and monetary authorities foresee a “zigzag effect” due to the rise in the price of a barrel of oil. In the session held last Wednesday, July 22, the Monetary Board (JM) addressed the rise...
The Fogel company inaugurated a new industrial plant developed together with the Japanese corporation Hoshizaki. The project incorporates automated technology and will expand production capacity, given the potential of the manufacturing sector. With an investment of US$50 million, the Guatemalan company Fogel inaugurated this Thursday a mega industrial plant in Villa Canales, a project developed...
The construction of a new airport international in Guatemala began with the preliminary studies phase. The Government evaluates the viability of developing an air terminal in the South Coastwhich is designed to complement and, in the medium term, assume an important part of the operations currently concentrated by the La Aurora International Airport. Fernando SurianoDeputy...
The decision on the new tariffs includes the 60 economies that were investigated by the US decision in relation to the ban on importing products from other countries made with forced labor. This tariff would be replacing the temporary 10% tariff established in February for a period of 150 days and which expires on July...
Given the call for a day of protests over the rise in fuel prices, whose value exceeds Q40 per gallon of gasoline and diesel in the local market, the Executive refines a possible solution that is discussed by representatives of several institutions. Representatives of the Ministries of Energy and Mines, Finance and Economy, as well...
A request for a response the actions to be taken in the domestic market in the face of rising fuel prices The Finance Commission of the Congress of the Republic required the Ministry of Energy and Mines (MEM), which must inform, within a period of 72 hours, what extraordinary measures it will adopt to confront...
To the announcement by the head of the Office of the United States Trade Representative (USTR), Jamieson Greer, that President Donald Trump is preparing a new round of tariffs for dozens of countries, Added to this was the official’s confirmation before the Senate Finance Committee that the tariff policy will be maintained as part of...
This first shipment is part of the coordinated efforts to advance the incorporation of biofuels, contributing to diversifying the energy matrix, promoting sustainable practices and strengthening security of supply in the country. As part of this commitment, Chevron has made the required investments for logistical adaptations, infrastructure and operational preparation that allow it to responsibly...
Since its inception, the congress has been very open and important for the entire financial sector. This year we delved into topics on how artificial intelligence, the digitalization of financial services and the growth of cyber threats are redefining the future of banking around the world. The opening of the Congress was led by Diana...
The Government will announce in the coming days the measures it will adopt to confront the increase in fuel prices, President Bernardo Arévalo reported this Tuesday, July 22, who attributed the increase to the behavior of the international market derived from the conflict in the Middle East. The president explained that the Executive holds technical...