Showing category "Economy" (Show all posts)

Haitian Government is expected to soon raise gas prices

Posted by hougansydney.com on Sunday, April 8, 2018, In : Economy 
Related imageThe Haitian government is planning on raising gas prices in around the country in the coming days. The decision to increase the prices of petroleum products was discussed between the Minister of Finance and members of the Finance Committee of the Chamber of deputies.

Officials argue that the raising of gas prices would help reduce the 14 billion gourdes budget deficit for this fiscal year. The government, earlier in the year, had already considered making an adjustment in gas prices, but withh...

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The European Union will disburse 120 million euros in support of the Haitian government's budget

Posted by LeNouvelliste on Tuesday, March 20, 2018, In : Economy 
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The Republic of Haiti is preparing to receive a budget support of 120 million euros from the European Union (EU) for a three-year period soon, said EU Ambassador to Haiti Vincent Degert, in an interview with the editor last week.

This budget support, which is divided into two parts, will be accompanied by an incentive for the good performance of the Haitian public administration concerned, immediately warned Ambassador Degert. A part - which could be broadly called "injection", he continued, w...

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Haitian President held work meeting with representatives of IDB, IMF and World Bank

Posted by hougansydney.com on Tuesday, March 20, 2018, In : Economy 


Haitian President, Jovenel Moïse, met Monday, March 19, 2018, Haiti's international partners, including representatives of the Inter-American Development Bank, the World Bank, the International Monetary Fund and Canada , to discuss the need to boost social programs in Haiti to improve the lives of the most vulnerable.

This high-level meeting was an opportunity for President Jovenel Moïse to return to the major programmatic axes of his five-year term, which will ultimately enable the country ...

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Haiti will soon increase Its minimum wage, will the workers get what they're asking for?

Posted by hougansydney.com on Monday, March 19, 2018, In : Economy 
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The Haitian government is slated, in the coming weeks, to publish a new minimum wage. According to Haitian legislation the adjustment of the minimum wage must be realized before May 1st.

The raising of the minimum wage in Haiti has always been a contentious affair, as economic  actors fear violence, since the minimum wage increase has never been to the full satisfaction of workers. President Moise warned last week, during his visit to one of the largest industrial parks in the country, that th...

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Major strike which paralyzed Haiti's customs is lifted following agreement with government

Posted by Sydney Noel on Tuesday, March 13, 2018, In : Economy 
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Port of Miragoane


The Association of Haitian Customs (ADH) announced Tuesday the lifting of the strike that has paralyzed all activities in the country’s customs since Monday, March 5th. This decision follows an agreement with the government to publish the law regarding the status of customs workers, informs the spokesman of ADH, Michel Nelson.

Haiti loses nearly 1 billion gourdes in 5 days, due to major strike across all post and custom offices


The Minister of Economy and Finance, Jud...

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Crippling strike in Haiti rages on for second week after failure of government to reach agreement with strikers

Posted by hougansydney.com on Monday, March 12, 2018, In : Economy 
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Since Monday, March 5th, the employees of post and customs offices across Haiti, have been on strike, demanding that the government publish the agreement they signed back in January 2017, which guaranteed customs workers a raise, and was suppose to take effect 90 days after its signing.

The Haitian government seems to have changed its mind, because more than year later, the agreement is still not published, and has initiated new rounds of negotiations which have degenerated after the Minister ...

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Haiti loses nearly 1 billion gourdes in 5 days, due to major strike across all post and custom offices

Posted by hougansydney.com on Sunday, March 11, 2018, In : Economy 
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The persisting strike across all post and customs offices in Haiti, has costed the treasury more than 700 million gourdes since it started Monday, according to the Haitian Minister of Finance, Jude Alix Patrick Salomon, who also predicts that it will have a negative impact on the government’s budget for the fiscal year 2017-2018.

Mr Salomon said that his ministry was still in negotiations with the Association of Haitian Customs before the damages become “irreparable.”

Major strike paralyz...


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Major strike paralyzes Haiti's post and customs offices, costing the country nearly 200 million gourdes daily

Posted by hougansydney.com on Tuesday, March 6, 2018, In : Economy 
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As expected, the employees of post offices and customs observed Monday, a work strike around the country, to encourage the government to sign the law on the particular status of the post offices and customs employees, as agreed during the negotiations between workers syndicates and the Haitian government back in 2017. The Ministry of Economy and Finance , Jude Alix Patrick Salomon, had promised during the signing of the agreement, which took place January 21, 2017 that the special status woul...

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NTTRA announces new carrier servicing Miami to Port-Au-Prince, Cap-Haïtien as well as between Dominican Republic and Haiti

Posted by hougansydney.com on Monday, March 5, 2018, In : Economy 
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NTTRA, a neutral electronic transaction platform, software and information provider at the center of the ocean shipping industry, today announced significant growth in its carrier network with the recent addition of four new carriers, including Evergreen Marine Corporation, one of the largest container fleets in the world.
 
 
"2017 was a tremendous year for INTTRA, with container orders growing by 12%, and the company processing 45 million container orders on its platform," said John Fay, CEO o...

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Haiti's private sector is unhappy about President Moise's decision to require all financial transactions be done in gourde

Posted by hougansydney.com on Sunday, March 4, 2018, In : Economy 
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The recent decision of Haitian President Jovenel Moise, to sign an executive order requiring all financial transactions in the country be conducted in the local currency, the gourde, has stunned and upset many of the biggest merchants operating in the country.

Following the publication of the decree relating to this new change, the powerful Private Sector Economic Forum, which is made up of Haiti’s largest businesses, sent a public letter to the Minister of Economy and Finance, expressing th...

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Haiti and the IMF reached agreement on a Staff-Monitored Program

Posted by hougansydney.com on Sunday, March 4, 2018, In : Economy 
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The recent flow of breaking news coming out of Haiti recently in regards to the Oxfam sex abuses scandals and the latest relating to the statements made by the United Nations Special Representative in Haiti, Susan Page, has somewhat buried the news of Haiti’s signing a financing agreement with IMF.


An International Monetary Fund staff team led by Chris Walker, IMF Mission Chief for Haiti, visited Port-au-Prince from February 20-25, to carry out discussions with the Haitian authorities on a S...

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Haitian President signed executive order requiring all financial transactions in the country to be done in Gourde

Posted by hougansydney.com on Friday, March 2, 2018, In : Economy 
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Haitian President Jovenel Moise, on Thursday March, 1, 2018, signed an executive order requiring all financial transactions in Haiti to be conducted with the local denomination Haitian gourde.

Anyone contravening the provisions of the decree will be prosecuted in accordance with the laws of the Republic, threatened the government.




"Given the Constitution, especially Articles 6 and 136;

Having regard to the Decree of 27 March 1985 amending Articles 9 and 17 of the Law of 17 August 1979 establishi...

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"The Bahamas will not see an increase in imports from Haiti" assured Bahamian Minister of Agriculture, contradicting Haitian President

Posted by NassauGuardian on Wednesday, February 28, 2018, In : Economy 
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Responding to backlash in some circles over the government’s agreement to strengthen trade links for the purchase and sale of agricultural products and seafood and exportable fisheries from Haiti, Minister of Agriculture Renward Wells insisted yesterday that the agreement will not see an increase in imports for the country. Haitian President Jovenel Moise and Prime Minister Dr. Hubert Minnis discussed the agreement ahead of the 29th Intersessional Meeting of the Conference of Heads of Gover...

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Merchants affected by Iron Market fire received the first financial support from Haitian government

Posted by hougansydney.com on Sunday, February 25, 2018, In : Economy 
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A few days after the fire that broke out at the Iron Market, the Inter-ministerial Commission responsible for assisting the victims of this tragedy, granted Thursday, February 22, 2018, in the gardens of the Primature, more than two hundred merchants, food kits and a financial allowance of 20.000 gourdes (U$2.000).

This ceremony was held in an atmosphere of solidarity, allowing the victims to benefit from a first intervention of the Government, just as President Moise promised a day after the ...

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Senator wants to form a commission to monitor the spending of President Moise on his "Caravan of Change" initiative

Posted by AlterPresse on Wednesday, February 21, 2018, In : Economy 
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Senate Justice and Security Commission President Jean Renel Sénatus asks Upper House Speaker Joseph Lambert to form a commission to monitor funds committed to the "caravan of change" program in a dated letter of 19 February 2018, which has become known online agency AlterPresse.

Sénatus calls for the immediate creation of a special commission of inquiry into the funds used in this infrastructure program, deployed in parallel with the intervention of the ministries.

This would allow, according...

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A new major livestock feed production plant with 6.5 tons daily output opened in Haiti

Posted by LeNouvelliste on Tuesday, February 20, 2018, In : Economy 


Just three months ago, on November 16, 2017, a new feed production plant opened in Carrefour's Abraham terminal. In this plant, 14 varieties of food are produced taking into account the three stages of the animal's life. The aim is to boost the livestock market in the country, which, according to more than one, is a prime economic activity for a sizable segment of the population.


The Haitian Livestock Feed Company (SHAB) is the name of the factory that has just established itself in the Haitia...

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Haiti is listed among 16 countries with chronic food insecurity in latest UN report

Posted by hougansydney.com on Tuesday, January 30, 2018, In : Economy 
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According to the latest report sent to the United Nations Security Council this month by two agencies of that organization, Haiti was among 16 countries with serious food insecurity, and among the eight where more than a quarter of Its population suffer from chronic access to food.

The UN Food and Agriculture Organization (FAO) and the World Food Program (WFP) said in a joint statement that food insecurity in countries mired in conflict continues to deteriorate, so humanitarian aid is  of " ex...

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Diaspora remittances represented 34% of Haiti's GDP in 2017

Posted by AP on Saturday, January 27, 2018, In : Economy 
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Family remittances to 17 Latin American and the Caribbean countries grew over eight percent from 2016 to 2017, reaching US$75 billion and, in the case of Haiti, represent 34 percent of gross domestic product (GDP), according to a report published on Wednesday by the Inter-American Dialogue.

This increase is substantial and far exceeds the World Bank’s forecast 1.2 percent economic growth for the entire region. In terms of scale, remittance growth has been nearly as large as export growth (ni...

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Urbanisation in Haiti is on the rise, but not wealth

Posted by AFP on Wednesday, January 24, 2018, In : Economy 
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Urbanisation is on the rise in Haiti, the third most urbanised country in Latin America and the Caribbean, but economic growth is still lagging behind, the World Bank said on Tuesday, warning of the increased threat of natural disasters on cities growing unabated.

More than six million people, or 64 per cent of the population, now live in cities in the poorest country in the Americas, compared to just a third of residents in 1996, the global financial institution said in a report.

But, unlike t...

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Haiti is the newest member of the World Council of Credit Union

Posted by hougansydney.com on Tuesday, January 9, 2018, In : Economy 
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The World Council of Credit Unions's board (WOCCU) unanimously approved the membership application for the National Association of Haitian Credit Union (ANACAPH), a 100 percent credit union-owned organization from Haiti, in the final quarter of 2017.

ANACAPH was formed in 1998 to provide representation, advocacy, governance, IT support, education, technical assistance and training to its affiliates. The group serves 49 credit union affiliates with 763,000 members and total assets of $96 millio...

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Breaking News: Haiti has stopped buying oil products from Venezuela, due to US sanctions

Posted by Lenouvelliste on Tuesday, January 9, 2018, In : Economy 
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The last import of oil products from Venezuela dates back at least October 2017. Since then, it is on the spot market that Haiti is feeding. The financial sanctions imposed on Venezuela make financial transactions difficult, if not impossible, told the newspaper the Minister of Economy and Finance, Jude Alix Patrick Solomon, Monday, January 8, 2018. "We can not pay because the BRH(Bank of the Republic of Haiti) can not complete the transactions, "he continued, stressing "the constraints of tr...

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Shortage of gasoline in Port-in-Prince due to tanker delay

Posted by MetropoleHaiti on Saturday, January 6, 2018, In : Economy 
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The National Association of Petroleum Distributors (Anadipp) confirms a scarcity of fuel since the beginning of the year.

Anadipp President David Turnier says the tanker's delay is the cause of fuel scarcity at several service stations across the country. He understands that the oil order placed by the Office for Monetization of Official Development Assistance (BMPAD) could be delivered Friday, January 6, 2018.

The shortage is likely to increase during this day, he insists. The president of Ana...

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Incoming chairman of the CARICOM, Haitian President Jovenel Moise, promises to make the Caribbean, the first climate-resilient region in the world

Posted by hougansydney.com on Wednesday, January 3, 2018, In : Economy 
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President Jovenel Moise is promising to make the Caribbean the first region in the world to become climate-resilient, during Haiti's 6 months presidency of the regional organisation, which begun the 1st of January, 2018.

“2018 dawns for the Caribbean Community with the prospect of seizing an opportunity out of a crisis,” said Moïse in his New Year's message.

“As we begin the rebuilding process after the devastating hurricanes of last September, as well as Hurricane Matthew, which pounded...

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How the Haitian government is cracking down on egg smuggling from Dominican republic

Posted by USAToday on Sunday, December 31, 2017, In : Economy 


It’s dusk on market day at the Haitian-Dominican border. Throngs of Haitians have cleared Dominican trucks of their wares, stuffing diapers, brooms and food-flavoring mixes into buses, and strapping the overflow to roofs for the return trip to Port-au-Prince.

But off the main drag here, a smuggling operation is underway.

Men and women empty a couple of trucks, tying boxes with colored string and setting them in piles on the ground. Purchasers stack them on wheelbarrows and rush them to nearby...

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The Haitian Economy only grew by 1.2% in 2017

Posted by France24 on Friday, December 29, 2017, In : Economy 
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The Haitian economy has experienced a limited growth of 1.2% in 2017, which does not allow the Caribbean country, very vulnerable to climate hazards, to get out of the vicious circle of poverty.


Far behind the performance of the neighboring Dominican Republic (5.3% in 2017), the very weak growth of Haiti worries because it still remains below the demographic growth rate, stable at 1.5%.

"It is a factory of poverty" summarizes the Haitian economist Kesner Pharel. "There are serious structural pr...

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Spirit Airlines to launch non stop flights between Fort Lauderdale and Cap-Haitian in 2018

Posted by hougansydney.com on Saturday, December 23, 2017, In : Economy 
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Beginning April 12, 2018, the Florida based, Spirit Airlines, will begin Its three-time weekly nonstop flights between Fort Lauderdale (FLL) and Haiti’s Cap-Haïtien International Airport (CAP) complementing the airline’s existing service to the Caribbean nation’s capital, Port-au-Prince.

Cap Haitian is Haiti's second largest city and home of the country's most famous landmarks.  


In addition, Spirit plans to launch a new year-round international route to Ecuador, Its first service to tha...

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Timberland is getting ready to harvest its first cotton crops in Haiti

Posted by hougansydney.com on Monday, December 18, 2017, In : Economy 
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Last August, Haiti’s Smallholder Farmers Alliance and global outdoor lifestyle brand, Timberland, planted cotton seeds at a trial site near Gonaives, with the intention to bring cotton growing back to Haiti after a 30 year hiatus. Four months later, the cotton plants are thriving and at various stages of maturing. All 15 varieties being tested will be harvested by late January.

Once Haiti’s fourth largest agricultural export, cotton farming faded from fields and from view by the late 1980�...

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The Caribbean Development Bank announces $100 million country strategy for Haiti

Posted by hougansydney.com on Friday, December 15, 2017, In : Economy 
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The Caribbean Development Bank (CDB) is supporting the Government of Haiti in reducing poverty, building resilience, and achieving sustained economic growth for all. A new Country Strategy, approved by CDB’s Board of Directors today, proposes a programme of assistance of USD100 million for the period 2017 to 2021 to help Haiti meet its development priorities. This total includes USD45 million in grant resources.

“The Government of Haiti has set an ambitious development agenda to unlock the...

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President Moise held business meeting with Belgian businessmen

Posted by hougansydney.com on Wednesday, December 13, 2017, In : Economy 


As part of his European tour, President Jovenel Moïse, was received, as well as the members of his delegation, by a second group of Belgian businessmen and women this Wednesday, December 13 2017.

After the introductory remarks of Mr. Olivier Willock, Managing Director of BECI, who presented for the Haitian delegation the environment of the Business of Belgium, the Haitian Head of State shared with the audience the vision of change of his administration. He took the opportunity to outline his ...

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President Moise invites french companies to come invest in Haiti

Posted by hougansydney.com on Tuesday, December 12, 2017, In : Economy 
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Haitian President Jovenel Moise, heading a sizable delegation made up of the Ministers of Economy and Finance; Foreign Affairs and Minister of Environment, as well as some heavy weights from the Haitian private sectors, such as Bernard Craan, Gregory Brandt, Jean-Marc Apollon, 
Joël Bonnefil and Allan Zuraik among others, Monday night held an important work meeting with the Board of Directors of France-Central America Caribbean, co-chaired by Mr. Jean Philippe Thenoz, Board representative at ...
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An important beekeeping project is being developed in southern Haiti

Posted by hougansydney.com on Sunday, December 3, 2017, In : Economy 


The Organization for Integral Development and Artisanal Fisheries (PADI) is promoting an important project in the beekeeping sector of Haiti to reduce mangrove felling in the Southern Department of the country.

Building houses and making coal to survive are the main causes that lead the population of St Jean du Sud / Abacou, economically precarious, to destroy the mangrove ecosystem. 

In this sense, the PADI initiative offers inhabitants an alternative activity that generates income. 

The techni...

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President Moise laid first stone for the construction of micro-industrial parc

Posted by hougansydney.com on Sunday, December 3, 2017, In : Economy 
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President Jovenel Moïse, in the presence of the head of the delegation of the European Union in Haiti, Vincent Dégert, and several members of the ministerial cabinet, proceeded on Friday, December 1, 2017, to pose the first stone for the construction of the Moreau / Camp-Perrin micro industrial park, which is part of his vision of supporting local businesses and creating more jobs in order to boost the country's economy.

In his speech, Moise paid tribute to the partnership between the Republ...

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Sunrise Airways celebrates first Haiti-Curaçao nonstop flight

Posted by hougansydney.com on Wednesday, November 29, 2017, In : Economy 
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The first nonstop inaugural flight of Sunrise Airways between Haiti and Curacao was celebrated at the Curaçao airport by a speech by the Minister of Economic Development, Dr. Steven Martina, the President of Sunrise Airways, Mr. Phillippe Bayard, Director General of the Curaçao Airport (CAP), Mr. Ralph Blanchard and CEO of the Hospitality & Tourism Association of Curaçao (CHATA), Mr. Miles Mercera.

The team that has worked hard to implement this great achievement, expressed satisfaction wit...

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President Jovenel Moise met with public transport unions

Posted by hougansydney.com on Friday, November 24, 2017, In : Economy 
President Jovenel Moise received last Wednesday, at the National Palace a group of public transport unions. During this meeting, the President outlined the main orientations of his five-year term and his vision of modernization of the transport sector in the country.

Moise listened  attentively to the legitimate demands of representatives of trade unions present at the meeting. He also took the opportunity to congratulate them for choosing the path of dialogue and wisdom rather "than the road ...

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Henkel to build new plastic collection centers in Haiti

Posted by hougansydney.com on Friday, November 24, 2017, In : Economy 
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Henkel has partnered with Plastic Bank, a social enterprise that aims to stop the plastic spill into the ocean and provide opportunities for people living in poverty. Currently, new plastic collection centers are being built in Haiti, where communities will have the opportunity to earn money or obtain services by removing plastic waste from their local environment.

Henkel  is the first large global consumer goods company that is associated with Plastic Bank, researching ways to incorporate the...

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Haiti-Based Sunrise Airways Announces New Flights to Curacao

Posted by hougansydney.com on Tuesday, November 14, 2017, In : Economy 

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Haiti-based Sunrise Airways (IATA: S6, ICAO: KSZ) announced today its intent to launch new nonstop service between its hub at Toussaint Louverture International Airport in Port-au-Prince (PAP) and Hato International Airport in Curacao (CUR) beginning November 28, 2017.


The new twice-weekly service, the carrier’s first-ever flights to/from Curacao, will operate as follows:


Port-au-Prince (PAP) – Curacao (CUR)

Frequency Flight No. Departure Arrival
Thurs., Sun.. S6 404 9:10 am

10:30 am

Curacao (CUR) �...


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Six major textile employers threaten to leave Haiti over wage increase demand

Posted by Lenouvelliste on Monday, June 26, 2017, In : Economy 
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Because they find that their companies face a loss of production valued at several million dollars since the beginning of protests by unions demanding 800 gourdes of minimum wage per day,($12.47) six employers of the textile sector solicit the intervention of the Prime Minister . If nothing is done, they threaten to settle elsewhere.

The Willbes Haitian S.A; MGA Haiti S.A; Astro Carton d'Haiti S.A; Haiti Cheung Won S.A; Textile Youm Kwang S.A and Pacific Sports Haïti S.A, all companies in th...

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Where will the Haitian President find the money to finance all the major projects he keeps on promising?

Posted by houganydney.com on Wednesday, June 21, 2017, In : Economy 
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Haitian President Jovenel Moise has big dreams for his country and the Haitian people. Dreams which he has not not stopped sharing with those willing to listen whenever he gets an opportunity to be in front of a camera or a microphone.

During his visit to Miami last weekend, President Moise again shared some of his best dreams for Haiti with the Haitian diaspora; These dreams that captivated his audience, Moise promised to transform them into realities during his presidency.

- An 80 kilometers ...

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World Bank approved $20 million grant to Haiti

Posted by MetropoleHaiti on Thursday, June 15, 2017, In : Economy 
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On June 8, 2017, the World Bank's Board of Executive Directors approved a US $ 20 million grant for the rehabilitation of roads and bridges in southern Haiti and the strengthening of Civil protection in the event of a disaster. This is the first operation approved under the $ 100 million envelope mobilized by the International Development Association's (IDA) Crisis Response Mechanism  to support the post-devastating reconstruction process Of Hurricane Matthew, according to a statement from th...

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Haiti welcomes Facebook, Google, Uber and others at Fist Tech Summit

Posted by hougansydney.com on Wednesday, June 7, 2017, In : Economy 
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Haitian President Jovenel Moïse, accompanied by the First Lady, Martine Moïse, on Tuesday, June 6, at the Royal Decameron Hotel, kicked off the official opening of the summit on technology "Haiti Tech Summit ", which is held until June 7th.

In front of a panel of Haitian and foreign guests, organizing members, about 100 speakers representing heavy weights such as Google, Facebook, Uber and Airbnb Haitians from the diaspora, entrepreneurs from various backgrounds, including government officia...

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Textile workers in Haiti continue their protest for wage increases

Posted by AP on Tuesday, May 30, 2017, In : Economy 
Textile workers in Haiti on Monday, took the streets of the Capital a second time in two weeks, demanding wage increases. Workers at sweatshop, trousers and other garment factories also protested the dismissal of some 40 trade unionists in an Industrial park in Port-au-Prince.

Reginald Lanfontant, a union coordinator who was one of the laid-off workers, said the actions were "abusive" and that the marches would continue.

Demonstrators demand a pay of 800 gourdes ($ 12.47) for eight hours. They ...

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Haitian Police dispersed with tear gas, textile workers demanding wage increase

Posted by AlterPresse on Tuesday, May 23, 2017, In : Economy 

Image Credit: Le Nouvelliste

Working men and women will remain mobilized until their demands are met, despite a call by the government to resume operations at the National Park of Industrial Parks (SONAPI).

The protests that paralyzed the activities at Sonapi since Friday May 19th continued, Monday 22 of May 2017, observes AlterPresse.

After the protest on Friday May 19 in Port-au-Prince, several thousands of workers, early this morning, still gained the streets of the capital, demanding a daily...

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Haitian President receives delegation from European Investment Bank

Posted by hougansydney.com on Tuesday, May 23, 2017, In : Economy 
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A delegation from the European Investment Bank (EIB), led by Pim van Ballekom, EIB Vice-President responsible for Caribbean lending, is visiting Haiti following the appointment of the new government to explore Financing for investment projects in that country.

On his first visit to the country, Vice President Pim van Ballekom and his colleagues discussed funding opportunities with the Haitian authorities, including Haiti President Jovenel Moïse, Central Bank Governor Jean Baden Dubois, and mi...

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Haitian Customs authorities have reinstated the ban on some Dominican products

Posted by hougansydney.com on Tuesday, May 23, 2017, In : Economy 
Haití vuelve a impedir la entrada de productos dominicanos a su territorio
Image Credit: Almomento



Haitian Customs and Immigration authorities reversed a provision implemented by the previous administration of Jocelerme Privert, allowing Dominican products to enter the country, and on Monday morning they returned to seize the products that were already purchased by Haitian customers.


Among the products that Haitian customs inspectors and police agents seized and destroyed in the presence of buyers were eggs, raw and frozen chicken meat, potatoes, yuca, pasta, onions, ...

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Haitian government to increase gas prices by more than 60% to keep up with Dominican Rep.

Posted by hougansydney.com on Thursday, May 11, 2017, In : Economy 
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The Haitian government is looking at different ways to increase its annual fiscal, as international funds are becoming more scarce as the United Nations Peacekeepers are beginning to leave the country. 

The new government of Moise/Lafontant, just like its predecessors', have turned to one source of revenue that has proven to be very reliable over the years, to make up for the difference. Petroleum products.

Earlier this week, the Haitian Prime Minister Jack Guy Lafontant, at the meeting with le...

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Haitian Government held working session with UN delegation of Economic and Social Council

Posted by hougansydney.com on Wednesday, May 10, 2017, In : Economy 


On Tuesday, May 9, 2017, the President of the Republic, Jovenel Moïse, received the delegation of the Economic and Social Council of the United Nations (ECOSOC) at the National Palace, whose mission in Haiti is , After extensive consultations with the Haitian authorities, the private business sector and donors, to make recommendations on the long-term economic development of the country.

During the visit, a work meeting was held at the National Palace, in the presence of, among others, the Pr...

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Haitian President met with Nobel Prize Laureate for Economics, Vernon Smith

Posted by hougansydney.com on Thursday, May 4, 2017, In : Economy 
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President Jovenel Moïse, accompanied by the First Lady, Martine Moïse, the Prime Minister, Dr. Jack Guy Lafontant, received Tuesday, at the National Palace, Mr Vernon Smith winner of 
the 2002 Nobel Prize for Economics.

 Below's a portion of the President's welcoming speech.

"I would first like to congratulate the Copenhagen Consensus Center for its participatory approach in the preparation of the "Haiti Prioritized" report. My congratulations extend to Nobel laureate Vernon Smith for his clea...

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"Caravan of Change" Haitian President's latest push to revive dormant agricultural sector

Posted by hougansydney.com on Thursday, May 4, 2017, In : Economy 
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On the occasion of the National Agriculture and Labor Day on May 1, President Jovenel Moïse, accompanied by the Prime Minister, Dr. Jack Guy Lafontant, the President and Vice-President of the National Assembly, Youri Latortue, and Cholzer Chancy, officially launched the Caravan of Change in the locality of Lagrange, in the city of Saint-Marc.

 The Caravan of Change is the president's latest efforts in the reviving of the long dormant agricultural sector of the country. 
"The Caravan is a commi...

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Haitian President wants the "hypocrisy to cease", so Haitian diaspora can fully be integrated

Posted by hougansydney.com on Saturday, April 22, 2017, In : Economy 
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Haiti's President Jovenel Moïse, accompanied by First Lady Martine Moïse and Prime Minister Dr. Jack Guy Lafontant participated on Wednesday, April 19, 2017, at the Karibe Convention Center, Launch of the National Diaspora Day, which took place this year on the theme: "Advocacy for a better integration of the Diaspora".


In the presence of the Minister of Foreign Affairs and Worship (MAEC), Mr. Antonio Rodrigue, the Minister of the Interior and Territorial Communities (MICT), the Minister of ...

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Haitian President visits the country's largest cereal production company

Posted by hougansydney.com on Friday, April 21, 2017, In : Economy 
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(President Jovenel Moise wearing red tie)

Haitian President Jovenel Moise, visited this Thursday, the cereal production company, Caribbean Food Manufacturing, located in Santo 17.
These series of visits to agro-industries are part of the Executive's efforts to encourage local production and express solidarity with entrepreneurs who are fighting to revive the sector.

"We will work to encourage corn production across the country, including the South, a major corn producer, and other departments. W...

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Brussels announces additional €63.5 million to support Haiti's reconstruction following hurricane Matthew

Posted by hougansydney.com on Friday, April 21, 2017, In : Economy 
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During his official visit to the country following the appointment of the new Caribbean Executive, 
European Development Commissioner Neven Mimica has announced an additional € 63.5 million package to support the reconstruction of Haiti following Hurricane Matthew, which had ravaged the southern peninsula of the country and risk plunging what used to be called the "bread basket of Haiti" into famine, more than six months after the storms.

 
Of the package, $ 18.5 million is a "special" allocat...

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Haitian President takes steps to rebuild National Palace, destroyed during 2010 earthquake

Posted by Le Nouvelliste on Thursday, April 20, 2017, In : Economy 
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Great, imposing and grandiose! A national palace identical architecturally to the one destroyed by the earthquake of January 12, 2010. At the same time, a National Palace adapted to the reality of the country and that respects modern building standards. This is the palace that Jovenel Moise expects from the commission of seven members to work and reflect on the reconstruction of the official residence of Haitian heads of state. At the National Palace on Wednesday morning, in the presence of r...

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President Jovenel Moise visited Industrial Park to highlight investment opportunities in the textile industry

Posted by hougansydney.com on Wednesday, April 12, 2017, In : Economy 
Image may contain: 2 people, people sittingPresident Jovenel Moïse, accompanied by the Minister of Trade and Industry, Mr. Pierre Marie Du Meny, visited on Tuesday, April 11, 2017, the Société National des Parcs Industries (SONAPI) The framework for strengthening the field of subcontracting, investment opportunities and the creation of new jobs in the sector.

During a ceremony organized in this occasion, in the presence of the National Authorizing Officer, Charles Jean-Jacques, the Director General of SONAPI, Mr. Bernard Chettini, t...

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President Jovenel Moise paid visit to the Headquarters of the National Center of Equipments

Posted by hougansydney.com on Tuesday, April 11, 2017, In : Economy 
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President Jovenel Moise on Monday, following his presentation of the 2017 legislative agenda at the BRH, visited the headquarters of the National Center of Equipments (CNE), to personally inquire about the conditions of one of the most important state institutions of the country.
The Government in partnership with mayors of many cities such as Port-au-Prince and Cap Haitian, has made the tackling ...

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President Jovenel Moise at the State Bank Convention Center, presented the 2017 legislative agenda

Posted by hougansydney.com on Tuesday, April 11, 2017, In : Economy 
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Haitian President Jovenel Moïse, accompanied by the Prime Minister, Mr. Jack Guy Lafontant, of the Presidents of the two Houses of Parliament, Senator Youri Latortue and Deputy Cholzer Chancy took part Monday in the Center Of the State Bank of the Republic of Haiti (BRH) convention, at the presentation ceremony of the Legislative Agenda for the year 2017.

Speaking before his audience, the President said that throughout the campaign, "I keep reminding myself that my mandate would be:
- that of...

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Haitian President Jovenel Moise, visited tomato processing plant in support of local production

Posted by hougansydney.com on Friday, April 7, 2017, In : Economy 
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The President of the Republic, His Excellency Jovenel Moïse, accompanied by Jean Jean Willer Jean and Léogane, Deputy of the Croix-des-Bouquets, Jean Wilson Hippolyte, visited on Thursday 6 April 2017 the factory Processing of tomatoes SHAISA, Santo 25, to evaluate the state of the structure and production capacity of the company on the one hand and to support efforts to revive domestic production, on the other hand .

President Jovenel Moses was initially entitled to a guided tour of the pre...

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Haitian President declares war on wasteful spending for new vehicles

Posted by Lenouvelliste on Thursday, April 6, 2017, In : Economy 


The President of the Republic Jovenel Moise declared war on waste. He wants to implement a rational management of the meager resources of the State. In a decree on the state's lifestyle published on Monday, the Moïse-Lafontant administration sets limits on the amounts for the acquisition of new vehicles for the rest of the fiscal year and the conditions for their use, control of parts and accessories to vehicles, management of registrations and establishes the liability of drivers of rolling...

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President Moise held working sessions with lawmakers from regions affected by Hurricanne Matthew last October

Posted by MetropoleHaiti on Tuesday, April 4, 2017, In : Economy 
The head of the Haitian state, Jovenel Moise, had a working session yesterday at the National Palace with the parliamentarians of the south. The Presidency indicated that the he wants an open and constructive dialogue with a view to adopting the best recovery strategies for the benefit of the populations of the far south.

Over the last few days parliamentarians had reported the deterioration of the living conditions of the population.

The ex-deputy of Dame Marie, Acluche Louis Jeune, had in a l...

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Haitian Sunrise Airways inaugurated flights to Havana, with larger planes

Posted by hougansydney.com on Saturday, February 25, 2017, In : Economy 
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Haitian airline Sunrise Airways inaugurated flights to Havana on Thursday with the arrival of Airbus 320 from Port-au-Prince to José Martí International Airport.
Speaking to reporters at the Havana hotel Saratoga, company president Philippe Louis Bayard confirmed that travel frequency will be twice a week, on Thursdays and Sundays, according to ACN information.

There is a friendship of two more centuries between Cuba and Haiti, and the exchanges can be extended, for which it is fundamental th...

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Venezuela overcomes Haiti as poorest country in the Americas

Posted by hougansydney.com on Saturday, February 18, 2017, In : Economy 
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Plunged into political chaos, violent crimes at an all time high, institutionally wrecked and the separation of powers inexistent, 
the rich in natural resources Venezuela continues to fall freely into a bottomless pit as it has become one of the poorest countries in the world, falling behind even Haiti which until last year led the Americas' list. 

The latest report of the National Survey of Living conditions revealed that 82%  of Venezuelan households live in a decadent condition that is bord...

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President Jovenel Moise is drafting a rectified budget

Posted by hougansydney.com on Thursday, February 16, 2017, In : Economy 
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Haitian President Jovenel Moise said that his administration is currently drafting a rectified budget. The new budget according the new President, is to orientate the spending of the State towards the priorities of the new administration. Jovenel Moise promised that the rectified budget will take into account all the Territorial Collectivities, and called on all the mayors to submit their demand to the presidency as he drafts the new budget so that every part of the country could benefit.

Mois...

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Haitian President-elect hopes to have a good business relationship with Donald Trump

Posted by hougansydney.com on Monday, January 30, 2017, In : Economy 
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Haiti's President-elect, Jovenel Moise, said yesterday during an interview, that he thinks his business background will be an asset for dealing with the new American President, Donald Trump, also a known businessman.


Moise, who won the November 20th presidential election and is due to take office February 7, 2017, is a successful banana exporting businessman; he ran on a platform of job creation and plans to open Haiti to foreign investment, create new business opportunities and, "use the land...

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Dominican Republic wants explications for new measures taken by Haiti against exported goods

Posted by diariolibre on Saturday, July 16, 2016, In : Economy 
La harina es uno de los tantos productos que RD vende a Haití.



The Association of Industries of the Dominican Republic (AIRD) reported yesterday that it is working with the authorities to know what actions to take against the new measures proposed by Haiti to receive on its territory wheat flour and soups, which represent part of the varied products that the Dominican Republic exports to Haiti.

"Well, clearly it constitutes a trade barrier. There is no justification for imposing these procedures and barriers to products selectively without justification, ...

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Haiti raises the minimum wage by 25 percent

Posted by AFP/Hougansydney.com on Tuesday, May 24, 2016, In : Economy 



Port-au-Prince: Haiti raised the minimum wage by 25 percent on Tuesday, raising it from the equivalent of $3.87 a day to $4.84 to offset surging inflation.

Acting president Jocelerme Privert ordered the raise after labor unions last month demanded a hike to 500 gourdes, or $8.05, a day.

"In setting the minimum wage, the state has a duty to take into account sectoral realities and dynamics," said an official statement.

Already weak, Haiti's economy has slowed further because of a political crisis...

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Domincans are smuggling banned products into Haiti via lake Azuei, shared by both countries

Posted by Le Nouvelliste on Saturday, December 5, 2015, In : Economy 



If with the prohibition of entry by land of 23 Dominican products on  Haitian soil, smuggling is decreasing, for cons, smuggling will increase by sea. Lake Azuei, which covers both countries, became the preferred route for fraudsters to cross some of these products from the Dominican Republic to Haiti. 

This Friday, the activities are stalled on the malpasse/Jimani border.


This is no longer the times when Dominican trailers landed tons of goods of all kinds at the Malpasse border point....


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Hollande encourage french business to invest in Haiti

Posted by hougansydney.com on Wednesday, May 13, 2015, In : Economy 

French President Francois Hollande promised to support Haiti's efforts to build a better future. He encouraged French economic players to increase investment in Haiti. If you can not change history we can change the future, said Mr Hollande wishing that a joint commission evaluates opportunities in all sectors including tourism and education.

The France will support the modernization of the Haitian education system, launched Hollande promised a special effort in teacher training. He promises t...

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Francois Hollande called for better collaboration between the French overseas departments and Haiti.

Posted by hougansydney.com on Wednesday, May 13, 2015, In : Economy 

The French head of state François Hollande yesterday defined the basis for new exchanges between France and Haiti.

In his speech Mr Hollande called for better collaboration between the French overseas departments and Haiti. These communities are more supportive than others of Haiti, he said.

He recalled that the French, coming from the same origins as the Haitians, are animated by a great brotherhood towards Haiti.

Several officials of French departments, including Victorin Lurel Guadeloupe, we...

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Four important agreements signed between Haiti and France, during Hollande visit

Posted by hougansydney.com on Wednesday, May 13, 2015, In : Economy 

Following a head to head meeting between the presidents of Haiti, Michel Martelly and French Francois Hollande, members of the two governments had yesterday a working meeting at the National Palace. After this meeting 4 agreements were initialed in important sectors such as energy, aviation safety and education.

In the energy sector, an agreement was signed between Electricité de France (EDF) International Networks and Electricity of Haiti (ED'H). The French experts will help to develop a fin...

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Ndaba Mandela wants Africans to invest in Haiti

Posted by hougansydney.com on Friday, May 8, 2015, In : Economy 

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The little son of Nelson Mandela, Ndaba, considers himself an ambassador of Haiti. After a 4-day visit in late April, the Unicef ​​ambassador promised to work to break down barriers between Haiti and Africa.

During his visit Mr Mandela held talks with Haitian officials, including the Minister of Sports, Jimmy Albert and Minister of Culture, Stéphanie Balmir Villedrouin. One of the first fruits of the visit of Mr. Mandela will be the organization in September o...

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Trinidadian businessmen interested in business opportunities that Haiti offers

Posted by hougansydney.com on Thursday, May 7, 2015, In : Economy 

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The Haitian and Trinidadian's  chambers of trade  jointly conducted a working session on the business opportunities in Haiti. The session "Doing Business in Haiti" is performed as a prelude to a trade mission of 5 days in Port-au-Prince in June 2015.

The president of the American Chamber of Commerce of Trinidad and Tobago, Nirad Tewarie, urges companies to take advantage of the huge market potential that Haiti offers. He stressed that Haiti enjoys the advantages of ...

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Haiti Economy: US lawmakers will soon passed the HOPE bill into law

Posted by hougansydney.com on Thursday, May 7, 2015, In : Economy 

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The House of Representatives and the US Senate must analyze in second reading before the end of this month the new version of HOPE / HELP (Haitian hemispheric Opportunity through Partnership for Encouragement).

The document was approved on April 22 by the Ways and Means of the House of Representatives and April 23 by the Finance of the US Senate Committee Commission. The new version of the text was submitted to the two branches of the US Parliament by members of the Dem...

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Should Haitian government liquidate national electric company EDH?

Posted by hougansydney.com on Thursday, March 26, 2015, In : Economy 



One of the biggest not so breaking news in Haiti lately has been the headlines about EDH , the national electricity company being bankrupt, to a point of not being able to even send invoice to its customers.

EDH has been a bankrupt institution for years with annual deficit nearing $500 million; nearly half of the country's GDP.
What most people don't know about EDH however, is that it is the largest Haitian institution in terms of financial transactions and facilities.
Besides being the main dis...

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EDH bankrupt, IMF threatens to withdraw support if Haitian government doesn't act

Posted by hougansydney.com on Wednesday, March 25, 2015, In : Economy 


The International Monetary Fund, IMF threatens not to sign an agreement with Haiti if the country continues to subsidize electricity for the equivalent of almost a third of its national budget.

This information was relayed by the Civil Society Initiative, SAI, who has just published an alarming diagnosis of the situation of the ED'H in his fourth report in the SOCAPP project.

According Rony Desroches, the ED'H knows an annual deficit of $ 300 million due to poor management of the institution bu...

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Dominican market too reliant on US and Haiti

Posted by Dominican Today on Tuesday, March 24, 2015, In : Economy 


 The head of the Roundtable of Commonwealth Countries in Dominican Republic urged the country to focus on exploring new international markets for exports, noting that the US and Haiti's bans on Dominican fruits and vegetables send a clear signal and a reminder that ‘all eggs cannot be placed in one basket.”

Fernando Gonzalez Nicolas said it’s not healthy for Dominican Republic to concentrate 64 percent of its exports on the US, Puerto Rico and Haiti markets. “The total Dominican export...

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Haiti bans imports of fruits and vegetables from Dominican Republic

Posted by hougansydney.com on Tuesday, March 24, 2015, In : Economy 



Technical considerations are being discussed in relation to the ban on imports of fruits and vegetables from the Dominican Republic, said the Secretary of State for Animal Production, Michel Chancy, AlterPresse this Monday, March 23 .

The public will be informed of the final decision in due course, informed Chancy, indicating that up to now, a report of the experts is expected.

A temporary ban on imports of fruit and vegetables from the Dominican Republic was announced by the Ministry of Agricu...

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PetroCaribe: Haiti and Nicaragua most affected by oil prices drop

Posted by hougansydney.com on Monday, March 23, 2015, In : Economy 



The continued drop in oil prices on the international market continues to mortgage the future of Petrocaribe and some members of this agreement are found more vulnerable than others. The revised budget for the 2014-2015 fiscal informs Haiti, just for the first quarter of this year, recorded a shortfall of more than 10 billion gourdes, or less than 49% of expected revenues.

The signals announcing the death knell for PetroCaribe are becoming more louder. The results are beginning to be known, th...

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Haitian government announces second gas prices reduction in less than one week

Posted by le nouvelliste on Wednesday, February 4, 2015, In : Economy 
After hours of negotiations, the Haitian government and members of public transport have found a new agreement on the price of gasoline at the pump. The price of gasoline has declined from 200 gourdes to 195 gourdes, diesel 167 gourdes to 157 gourdes and Kerosene 161-156 gourdes.

It is the Minister of Communication, Rothchild Francis Junior, accompanied by representatives of the unions, who announced the news of the Prime Minister at 0:05 in the morning to an audience of journalists. The two s...

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Reduction of gas prices in Haiti in a couple of hours

Posted by hougansydney.com on Saturday, January 31, 2015, In : Economy 


The communications minister and spokesman of the government, Rothchild François Junior, confirmed Friday that the prices of petroleum products will experience a relative decline in the coming hours. 

Haiti purchases its oil from Venezuela through the Petrocaribe agreement, which allows Haiti to buy oil from Venezuela at a preferential price, and pay only half of the total sales up front while carrying the balance for 25 years. But as the price of oil continues to decline globally due to over ...

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Is Haiti still open for business?

Posted by le nouvelliste on Thursday, January 22, 2015, In : Economy 


The flag marked "Haiti is open for business" is at half mast.The pro deal slogan did not take, and the Haitian businessmen do not want it.
"Haiti is open for buisiness" nobody speaks in these last days. Neither the president nor the prime minister nor the new Minister of Economy and Finance have mentioned this mantra in their last public speeches.

No new slogan is emphasized either.

Wednesday, while the Davos economic forum opens in  Switzerland, Prime Minister Paul Evans participated in the fes...

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