Economic Reactivation: Proposals from Businessmen

Reducing social security contributions, lowering the price of electricity and simplifying procedures in the country are part of the changes proposed by Costa Rica's private sector to reactivate the economy.

Monday, May 20, 2019

Representatives of different productive sectors agree that immediate actions focused on improving the performance of the Costa Rican economy should be implemented. According to the latest report of the Central Bank's Economic Activity, in March 2019 most of the economic activities moderated their growth with respect to the same month of 2018. See full report.

For the Costa Rican Chamber of Commerce (CCCR), the reduction of minimum social security contributions and better access to credit could improve the country's economic situation.

Also see "Businessmen Call for a Fast-Economic Recovery"

In the case of the Chamber of Industries (ICRC), lowering the price of electricity, allowing and promoting distributed generation, taking advantage of alternative sources such as geothermal and solar, as well as allowing the import of natural gas and refusing to block the possibility of its future exploitation in the country, would help reactivate the economy.

Francisco Gamboa, Executive Director of the ICRC, said to Elobservadorcr.com that "... the issue of energy must be addressed to reactivate the national economy. But there is also a need to simplify procedures and implement the laws of real estate guarantees and consortiums and take advantage of free trade agreements and the promotion of foreign trade. Exports outside the free trade zone are falling."

Businessmen in the agricultural sector also have proposals. Rigoberto Vega, vice-president of the National Chamber of Agriculture and Agro-industry (CNAA), explained that "... it is necessary to provide farmers with productive technologies and speed up the procedures for the registration of agrochemicals."

Do you need more information about your business sector?

Request more information:








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Commercial Sector Suggests Resumption of Activities

April 2020

Applying cleaning and prevention protocols in workplaces and shops, such as those stipulated by the health authorities, are the proposals of Costa Rican businessmen to resume the commercial activity that has been restricted since mid-March.

Following the spread of covid-19, in Costa Rica and the other Central American countries, governments have decreed mandatory quarantines and have also restricted the movement of consumers at certain times.

What do Businessmen Ask to the Government?

January 2020

Raising the quality of education, eliminating excessive paperwork and generating opportunities, not threats, for people to formalize their economic activities are the main demands of the Costa Rican business sector in the run-up to 2020.

Generating more employment and strengthening the business sector while the actions of the Executive, Legislative Assembly and the Judiciary are being implemented are some of the projects outlined for the first quarter of the year, according to the Costa Rican Union of Chambers and Associations of the Private Business Sector (UCCAEP).

Boosting the Economy is Urgent

December 2018

Businessmen in Costa Rica ask the government to complete projects that promote the reactivation of the economy next year, where construction and agriculture are the highest priority activities.

In addition to the economic rebound, the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP) expects the country not to focus on single-issue discussions, as happened in 2018 with the fiscal plan.

Panama: Actions Proposed for Economic Reactivation

January 2018

Speeding ​​up the execution of public projects and creating a public-private entity that enhances exports, are some of the proposals put forward by the business association to reactivate different economic sectors.

From a statement issued by the Chamber of Commerce, Industries and Agriculture of Panama:

 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


Tailor made software for construction companies

O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...

Stock Indexes

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

Commodities

(Aug 13)
Brent Crude Oil
45.83
Coffee "C"
114.00
Gold
1,932
Silver
25.900