Costa Rica threatened by Politics

Lack of clear leadership, internal chaos in the main political parties and parliamentary fragmentation are threatening Costa Rica's business climate.

Tuesday, March 18, 2014

Contradictory statements over the legal certainty of the project for a mega container port in Moin ($1 billion), made by the very probable next president of Costa Rica, Luis Guillermo Solis, and the founder of his party (Citizen Action) and deputy chief of the legislative group, Otton Solis have generated understandable alarm in the business community.

The Costa Rican-North American Chamber of Commerce (AmCham) expressed its concerns, and its leader, Humberto Pacheco, said: "We believe that the candidate (Luis Guillermo Solís) is very good, but we have concerns especially over the extreme wing that exists in the Party, which is still at this point contradicting their candidate with public demonstrations such as those you heard. "

While the presidential candidate had come down on the side of respecting the concession contract with the Dutch company APM Terminals, specifically noting that there would not be a review of that concession, the elected deputy Oton Solis expressed his intention to scrutinise it, ie "spy , inquire, search with diligence and care, and go through something in order to find something hidden. " (Definition by the Royal Spanish Academy).



More on this topic

Caribbean Ports of Costa Rica On Strike

October 2014

Union members went on strike indefinitely in the port terminals of Moin and Limon, through which pass 80% of international trade by the country and the region.

Business leaders from various productive sectors reported losses caused by the strike, while managers of port administration are looking for alternative labour in order to restart the loading and unloading.

Contradictions in Costa Rica Over Mega Port Project

June 2014

Despite the new president having reaffirmed his government's commitment to the project at Moin to be run by the Dutch company APM Terminal, his own lawmakers are supporting the formation of a committee to re-analyze the concession contract.

While President Luis Guillermo Solis is touring the United States looking for investors and providing legal certainty to foreign companies, inside the country space is still being given to obviously bias obstructionism on the part of port official unions. Now it is the sphere of the Legislature where a petition will be filed in an attempt to halt the project.

Costa Rica: Port Concession Not Under Political Threat

March 2014

The Presidential candidate Luis Guillermo Solis has promised to respect the contract with the Dutch company APM for the construction of a new container dock at Moin.

The likely winner of the presidential election has backtracked on his campaign ads which stated he would "review the ports concession contracts."

Costa Rica: Center-Left Candidate Moderates Speech

February 2014

In a speech given to business leaders the presidential candidate Luis Guillermo Solis delivered a message of reassurance about economic development policies.

The presidential candidate for the Citizen Action Party met with a union of private companies in Costa Rica in order to send a message of peace and openness, should he obtain the votes needed in the April 6th election to assume the presidency.

 close (x)

Receive more news about Business and Investment

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Gluten-free food business for sale

Operating Company dedicated to the manufacture of gluten-free and sugar-free products, OHNE brand.
The OHNE brand has 8 product lines: square bread, sweet...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Nov 30)
Brent Crude Oil
47.9
Coffee "C"
122.45
Gold
1,770
Silver
22.210