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Showing posts from May, 2017

Venezuela, a mixed economy with amazing business and touristic opportunities

Beyond a set of challenges related to streamlined access to basic necessities, the Venezuela is a great land of global business and touristic opportunities. Venezuela has a mixed economy dominated by the petroleum sector. Venezuela has the least expensive petrol in the world because the consumer price of petrol is heavily subsidized. Venezuela has the largest oil reserves, and the eighth largest natural gas reserves in the world, and consistently ranks among the top ten world crude oil producers. The country's main petroleum deposits are located around and beneath Lake Maracaibo, the Gulf of Venezuela (both in Zulia), and in the Orinoco River basin (eastern Venezuela), where the country's largest reserve is located.  Venezuela manufactures and exports heavy industry products such as steel, aluminium and cement, with production concentrated around Ciudad Guayana, near the Guri Dam , one of the largest in the world and the provider of about three-quar

Uruguay, a land of software, soybeans, greasy wool, meat and sheep farming, quinces, and tourism attractions

In 2005, Uruguay , a country where + 3 million potential consumers live, was the first exporter of software in South America. Uruguay's exports markets have been diversified in order to reduce dependency on Argentina and Brazil. The growing, use, and sale of cannabis was legalized on 11 December 2013, making Uruguay the first country in the world to fully legalize marijuana. Official statistics from Uruguay's Agriculture and Livestock Ministry indicate that meat and sheep farming in Uruguay occupies 59.6% of the land. The percentage further increases to 82.4% when cattle breeding is linked to other farm activities such as dairy, forage, and rotation with crops such as rice.  According to FAOSTAT , Uruguay is one of the world's largest producers of soybeans (9th), greasy wool (12th), horse meat (14th), beeswax (14th), and quinces (17th). The tourism industry in Uruguay is a stable component of their economy. One of the main natural attraction

El Salvador, a destination for coffee, tourists and free trade zones

Beyond challenges related to heavy administration, and natural disasters such as earthquakes and hurricanes, El Salvador is a destination where you can succeed. The service sector, the industrial sector and Agriculture is at the ore of stakes. The newly created modern state turned to coffee as the main export. Tourism is the fastest-growing sector of the Salvadoran economy. + 6 million potential consumers live in El Salvador.   With the adoption of the US dollar as its currency in 2001, El Salvador lost control over monetary policy. Remittances from Salvadorans living and working in the United States, sent to family members in El Salvador, are a major source of foreign income and offset the substantial trade deficit of $4.12 billion.  In 2006, El Salvador was the first country to ratify the Central America-Dominican Republic Free Trade Agreement. CAFTA has bolstered exports of processed foods, sugar, and ethanol, and supported investment in the apparel sect

Croatia, an exciting destination for services and tourism

Trends evolve quickly in this country where, economic output remains dominated by the service sector, followed by the industrial sector, and agriculture. The industrial sector is dominated by shipbuilding, food processing, pharmaceuticals, information technology, biochemical and timber industry. The largest trading partner is rest of the European Union. Croatia represents a market of + 4 million potential consumers. Tourism dominates the Croatian service sector. The industry is considered an export business; because it significantly reduces the country's external trade imbalance. The bulk of the tourist industry is concentrated along the Adriatic Sea coast. Zagreb Airport is the largest and busiest international airport in Croatia. The busiest cargo seaport in Croatia is the Port of Rijeka and the busiest passenger ports are Split and Zadar. Croatian production of energy sources covers 85% of nationwide natural gas demand and 19% of oil demand.

Bulgaria, a land of coal, metals and minerals, perfumery essential oils, research and development and more

Beyond challenges related to corruption , Bulgaria is a market + 7 million potential consumers. New business dynamics are moving forward with a private sector accounts for more than 80 per cent of GDP. Bulgaria is steadily becoming an industrial economy with scientific and technological research at the top of its budgetary expenditure priorities. Economic activities are fostered by the lowest personal and corporate income tax rates in the EU. Sofia and the surroundings Yugozapaden planning area are the most developed region of the country. Extraction of metals and minerals, production of chemicals, machinery and vehicle components, petroleum refining and steel are among the major industrial activities. Bulgaria is Europe's sixth-largest coal producer. Local deposits of coal, iron, copper and lead are vital for the manufacturing and energy sectors. Top export items of Bulgaria are industrial commodities such as oil products, copper products and phar

Bosnia, a mixed economy with great destination for tourist attractions

Business opportunities in Bosnia are endless . The country of + 3 million potential consumers faces the dual-problem of rebuilding a war-torn country and introducing transitional liberal market reforms to its formerly mixed economy. Bosnia has a strong industry with large scale exports worth millions of US$. Agriculture remains conducted on privately owned farms. The United States Embassy in Sarajevo , Bosnia and Herzegovina produces the Country Commercial Guide; an annual report that delivers a comprehensive look at Bosnia and Herzegovina's commercial and economic environment, using economic, political, and market analysis. It can be viewed on Embassy Sarajevo’s website . Sarajevo International Airport (IATA: SJJ , ICAO: LQSA ), also known as Butmir Airport , is the main international airport in Bosnia and Herzegovina. Railway operations in Bosnia and Herzegovina are successors of the Yugoslav Railways within the country boundaries following independence fr

Albania, a land of Gas, Oil, minerals and of agriculture with amazing landscapes to visit

+ 2 million people live in Albania , who transition from a socialist centrally planned economy to a capitalist mixed economy. Albania's largest trading partners are Italy, Greece, China, Spain, Kosovo and the United States. Tirana and Durrës build both the financial and business heart of the country. The Foreign direct investment has increased significantly in recent years as the government has embarked on an ambitious program to improve the business climate through fiscal and legislative reforms. The Government is focused on the simplification of licensing requirements and tax codes, and it entered into a new arrangement with the International Monetary Fund for additional financial and technical support. Due to the Mediterranean climate , wine, olives and citrus fruits are mostly produced in southern Albania. Agriculture in the country is based on small to medium-sized family-owned dispersed units. As part of the pre-accession process of Albania to the

Today’s current unlimited data plans are not meeting the needs or interests of mobile users

A new survey from MATRIXX Software seems eloquent on the idea that, U.S. Mobile Carriers are missing the mark with Unlimited Offerings. According to the recent national (U.S.) survey , 58 percent of all mobile users, including those on unlimited plans, would change their mobile service today if they had more choice and control over how they used their data. In fact , if they could choose the best plan to meet their needs in the moment, over 50 percent would change their data plan at least once a month - some as frequently as every day. These findings are in stark contrast to the current trends from U.S. wireless carriers, who have each rolled out new, unlimited offerings in 2017.   “Despite the recent unlimited plan wars, consumer preferences are trending towards individualization, where the customer can choose products and services they most want at the time and location they most need. Mobile data is now a necessity and consumers are demonstrating they are willi

Nicaragua, primarily an agricultural country with amazing tourism and business opportunities

With + 6 million potential consumers living in Nicaragua, this country is on an exciting economic growth. The upper-class is growing. Coffee is one of the most important exports of Nicaragua. Agriculture represents 17% of GDP, the highest percentage in Central America. Close to one billion dollars are sent to the country by Nicaraguans living abroad. Nicaragua is primarily an agricultural country; agriculture constitutes 60% of its total exports which annually yield approximately US $300 million. Soil erosion and pollution from the heavy use of pesticides have become serious concerns in the cotton district. Nicaragua's bananas are grown in the northwestern part of the country near the port of Corinto; sugarcane is also grown in the same district. Nicaragua's agricultural sector has benefited because of the country's strong ties to Venezuela. Some of the new export-oriented crops: peanuts, sesame, melons, and onions. Mining is becoming a ma