Browse Honduras Daily Stories

Anabel Gallardo, president of Honduras's business council (Cohep), warned that chronic electricity shortages and lack of legal certainty continue to discourage foreign investment and job creation in the country.

Diesel prices have surged 69.8% since January to L141.67 per gallon and premium gasoline 49.6%, with another increase taking effect August 3 that economists warn will drive up transport and food costs.

An economist at Honduras's national university says the state power utility's financial crisis, unresolved across multiple administrations, risks becoming unsalvageable if deterioration continues.

Frequent blackouts across Honduras are causing daily losses to small and medium-sized businesses, with some municipalities reporting up to 14 outages daily and Congress stalled on energy reforms.

President Nasry Asfura declared the state power company's financial losses and accumulated debt the country's chief economic concern, pledging to stabilize operations while keeping it publicly owned and freeing resources for health, education, and infrastructure.

Frequent blackouts are crippling Honduras's micro, small, and medium-sized enterprises, with the sector reporting estimated daily losses of 15 million lempiras (about $600,000) as outages lasting up to six hours halt production and sales.

Business leaders warn that persistent inflation and rising energy costs remain the top concerns for Honduras's economy, with April's year-over-year inflation reaching 5.56% and Middle East instability driving up fuel prices.

The vice president of the Tegucigalpa Chamber of Commerce warned that while Honduras has made macroeconomic progress, inflation, insecurity, unemployment, and extortion continue to prevent those gains from improving living standards for ordinary Hondurans.