Deteriorating Business Climate in Costa Rica

Political uncertainty, bureaucracy, corruption, poor access to credit and high energy costs are the factors which are adversely affecting investment decisions.

Friday, August 16, 2013

From a press release issued by the Costa Rican Union of Chambers and Associations of Private Enterprises (Uccaep):

Political uncertainty, excessive red tape, corruption, access to credit and the cost of electricity are the factors that influence 51% of those surveyed who feel that the current business climate is not favorable for investment in the country. These factors are reflected in the latest results of the Business Pulse survey by UCCAEP performed every three months.

The business perception index for the second quarter of 2013 was 4.5, which when compared to the previous year's indicator represents a reduction of 13%.This level is similar to that observed in September 2009 when we started to see a slow economic recovery from the crisis. With a level of 4.5, this is the first time the indicator has fallen below 5 since the 2008 crisis.



More on this topic

Costa Rica: Little Optimism for 2015

November 2014

Business confidence is still falling with complaints being made about the absence of an agenda which aims to improve the business climate in the country.

From a statement issued by the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP):

Business confidence falls at the end of the year

Costa Rica: Business Confidence Down 10%

May 2014

The business confidence index calculated by the "Business Pulse" survey reached its lowest level in the last two years, with negativity being felt in the services and construction sectors in particular.

From a press release issued by the Costa Rican Union of Chambers and Associations of Private Enterprises (Uccaep):

Little Optimism Among Entrepreneurs in Costa Rica

November 2013

They recommend promoting improvements in areas such as legal certainty, procedures and infrastructure, in order to increase competitiveness and regain business confidence.

From a press release issued by the Costa Rican Union of Chambers and Associations of Private Enterprises (Uccaep):

Experience Worth More Than Academic Qualifications

August 2013

Most employers in Costa Rica say the first thing they evaluate when choosing job candidates is experience.

56% of Costa Rican businessmen believe that experience is the most important when hiring new staff.

This was revealed by the Third Quarterly Survey on Business "Business Pulse" by the Union of Chambers of Private Enterprises (Uccaep), in which 492 entrepreneurs took part.

 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

(Oct 23)
Brent Crude Oil
41.99
Coffee "C"
108.05
Gold
1,901
Silver
24.69