Using its corporate power and taking advantage of the power vacuum that is afflicting the State, a public university in Costa Rica is paying first world salaries, exacerbating the inequality that exists between Costa Ricans and severely distorting the labor market.
Entrepreneurs are used to having insomnia brought on by worrying about the taxes they have to pay, which go towards paying for the permanently unfinished adventures started by civil servants who get to sleep without any problem, because they never have to be responsible for what they do.
Like Puerto La Union in El Salvador, the alleged refinery to be built in a joint venture between China and Costa Rica is fast becoming another white elephant in Central America, as it generate huge expenses but produces nothing. At least the Puerto de la Union is already built, and maybe, just maybe, someday will be used for something. Instead, the Chinese-Costa Rican refinery is still just an idea, which so far has only served to feed the pockets of officials at Soresco, the company which is supposed to build and manage it.
Even though surplus energy generated by agribusiness using biomass could be sold, the lack of a tariff scheme and the low price of 0.08 per KW / h, in the case of bagasse, is making the business unattractive.
Currently electricity generated from biomass does not have its own rate, therefore it is adjusted to the prices of new hydroelectric plants, ranging from $0.09 to $0.12 per KW / h. The vast majority of power generation projects based on bagasse is used for subsistence production because this is more profitable than selling it.
President Solis has rejected the possibility of harnessing geothermal energy in national parks describing their exploitation as "unnecessary".
While discussions continue at the national roundtable on energy which will supposedly inform the government and the public of its findings in the month of March, President Solis has already ruled out the use of geothermal energy in protected areas. "... This is the second time that the Government has brought forward criterion; they did it in November, when burying the Power Contingency Act. That plan would have allowed greater private participation. "
Costa Rica has presented a bill that seeks to eliminate exclusivity in the importation and distribution of medicines.
The deputy leader of the Libertarian Movement has introduced a bill that aims to allow "... any person, natural or juridical to take advantage of medical registrations with the Ministry of Health and import medicines from anywhere in the world."
The Libertarian Movement Party has again presented an initiative to establish the dollar as the only currency, in order to avoid, among other problems, the negative effects of exchange rate fluctuations.
The bill to be submitted for discussion in the Legislature provides, among other things, that "... the legal tender will also be the dollar and that 'acts, contracts and obligations under any other legal currency, abroad, will be valid, effective and enforceable in the contracted currency, even if payment must be done through the courts. '"
Signatures are being collected to present a bill by popular initiative, to eliminate the state monopoly on oil refining and fuels marketing.
The deputy from Libertarian Movement, Otto Guevara, is starting this month the process of collecting signatures to present to the Legislature, via popular initiative, for a bill that aims to remove the monopoly of the state-owned Costa Rican Oil Refinery.
With the exception of the left wing party, most of the presidential candidates propose maintaining or strengthening the insurance market.
Strengthening, maintaining the legislation as it is and enhancing control over the market are the proposals of the candidates of the parties Unidad Social Cristina, Liberación Nacional and Movimiento Libertario, respectively .
The virtual tie in the polls of candidates from the left, center and right is causing concern among employers.
With less than three weeks to go before the elections for the Presidency and Members of the Legislative Assembly, a poll has shown there is a tie for the top position, according to voter intentions, out of the three parties with distinct government programs, generating uncertainty about the changes to the business environment which could occur during the next term of government in the country.
Latin America's first multinational integrated infocommunication services provider has invested $2.2 million in the development of its corporate presence in the Colombian market. The amount invested will increase to $5.2 million in...
Chicas Vilchez & Ruiz is a professional finance and accounting firm providing Auditing, Consulting, Outsourcing, and Tax services in El Salvador, Central America and the United States.
Operates in El Salvador, Costa Rica, Guatemala, Panama, Honduras and Nicaragua
Phone: (503) 2264 8069
Caribbean-Central American Action (CCAA) is a private, independent organization that promotes private sector-led economic development in the Caribbean Basin and throughout the Hemisphere.
Operates in Panama, Nicaragua, Honduras, Guatemala, El Salvador, Costa Rica and Caribbean Community
Phone: (202) 331-9467
London & Regional Panama is the master developer of the former Howard air base in Panama, now called PANAMA PACIFICO.
Panama Pacifico, a mixed-use, business, residential and recreational center, will be created over 40 years by renowned developer London & Regional Panama in conjunction with the government of Panama. For those expanding business overseas, retiring in Latin America or simply visiting this beautiful locale, our sustainable, mixed-use business center and residential hub provides a balance of world-class amenities, infrastructure and services.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (507) 316-3500