HONDURAS – Production: is it measured by hours or results?
Prior to the approval of the Labor Code and the current labor legislation in Honduras through Decree 189-59, Honduras was the only country in Central America without a legal framework…
Free trade zones account for 14% of Costa Rica’s GDP and 40% of foreign investment
In terms of investments, companies in free trade zones represented $1.542 billion in 2023, 40% of the total foreign investment that entered Costa Rica that year, which amounted to $3.788…
Costa Rica Signs Pioneering Agreement on Trade and Sustainability: The ACCTS
Introduction In a significant advancement towards environmental sustainability, Costa Rica, alongside New Zealand, Switzerland, and Iceland, has finalized negotiations on the Agreement on Climate Change, Trade, and Sustainability (ACCTS). This…
Honduras Unveils Its New Country Brand: “Honduras, Naturally Yours”
The Government of the Republic of Honduras has officially launched its new Country Brand, "Honduras, Naturally Yours," through the Honduran Institute of Tourism (IHT). This initiative aims not only to…
5G in Central America: Opportunities to Boost the Economy
Central America is at a critical juncture on its path to digitalization, where the adoption of 5G plays a fundamental role. According to the "5G Americas Usage" report, the Latin…
Costa Rica – Retention Bonuses for Key Employees
Retention bonuses, also known as "stay bonuses" or "ERBs," are utilized in Costa Rica as an incentive to retain key personnel, typically during times of change (such as mergers and…
Safe Practices to Consider When Posting Photos on Social Media
Posting online is a valuable way to connect with others, and sharing photos on our social media helps maintain bonds with family and friends. However, it is essential to find…
Cross-Border Banking: The Key to Expansion and Competitiveness for Companies in Latin America
Cross-border banking is revolutionizing international financial operations, enabling Latin American companies to reduce costs, enhance efficiency, and overcome barriers to accessing new markets more swiftly and securely. Geographical barriers are…
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