Electricity Generator Agrees With New Terms

Juan Orlando Hernandez stated that he would not negotiate contract renewals with electricity generators in Honduras that have abused their position and charged exorbitant amounts of money for electricity. These charges are even made if the power plant is running or not. The government threats have worked and Lufussa (Luz y Fuerza de San Lorenzo) […]
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Aid Finally Released for Earthquake Victims

It took more than 20 days for the Honduran government headed by Manuel Zelaya (Mel Zelaya) to declare and emergency due to the damages caused by the 7.3 earthquake that affected the northern part of Honduras on May 28. Damages have been officialy estimated at 1,800 million lempiras. The damage includes government buildings, schools, road […]
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Heavy Damages After 7.3 Honduras Earthquake

During the first hours of Thursday morning and just a  few hours after the strongest earthquake in history to affect Honduras, reports began flowing stating that there was little damage and that it was a miracle that the country was not greatly affected. After 3 days have passed it has become evident that those assumptions […]
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Corruption Running Rampant in Honduras Under Mel Zelaya

Honduras has always been catalogued as a country affected by corruption, but during the past 3 years of president Manuel Zelaya in office, the corruption levels have exponentially increased. It is not uncommon to open the daily newspapers and read about five or six new cases of corruption each day committed by public servants that […]
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$80 million in Tilapia Exports Expected in 2009

Exports of Tilapia to Europe will begin in June. The first shipments will be sent by air to a Spanish company involved in seafood distribution. These exports are in addition to those already being sent to the US market. Both markets combined should generate more than $80 million in 2009. Exports of Tilapia have risen steadily. $40 […]
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More than $800 Million Lost To Corruption in Honduras During Mel Zelayas Government

According to independent newspaper El Heraldo published in Tegucigalpa, Honduras. More than US$800 million have been lost to corruption during Manuel Zelaya Rosales 3 years in office. There is at least one corruption scandal per week. Some of the most outstanding cases are: 1. Gray Phone traffic 2. Illegal Cubans 3. Dirty Energy You can […]
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Cell Phone Operators to Invest $300 million in 2009

The three private cell phone operators in Honduras (Tigo, Claro and Digicel) will invest more than $300 million in 2009 as they expand their coverage and invest in new technology. Competition in 2009 will be fierce with the entry of Digicel which will force aggressive pricing, new and attractive promotions as well as new services. […]
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Fuel Prices to Increase As Oil Drops Worldwide

As world oil prices continue to drop, fuel prices in Honduras will increase for the second week in a row next Monday Jan 19. The CAP (Petroleum Administration Committee) announced today that prices for all fuels will increase. Regular and Premium gasoline will increase by 99 cents each, diesel will increase by 57 cents, kerosene 80 cents […]
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Tourism Industry Will Maintain Investment Levels

Even though there is an international financial crisis, the tourism industry in Honduras is confident that tourism will increase in 2009. In order to be able to sustain this growth in 2009, more than $600 million will be invested in hotels, convention centers and other infrastructure in la Ceiba, Copan, Roatan, Tela, San Pedro Sula and […]
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Government Confronts Private Business

The Honduran government held a press conference today with the participation of the Director of Executive Revenue Office (equivalent to the US’ IRS). During his participation he gave the revenues earned by the different sector of the economy such as hotels, food services, manufacturing and retail. All of these revenues where in two digit million lempira […]
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