Little Optimism Among Entrepreneurs in Costa Rica

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

Friday, November 8, 2013

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

Confidence in the business sector fell 2% in the fourth quarter compared to the same period in 2012. This was revealed by the latest survey entitled "Pulso Empresarial" (Business Pulse) by the Costa Rican Union of Chambers and Associations of Private Enterprises (UCCAEP).

It states that the Business Confidence Index (IEC), stood at 6.2 points out of a maximum of 10. The indicator closed a full year of declines, demonstrating confidence has been stagnant since mid-2012 (The decrease is within the margin of error).

More on this topic

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For the business sector, it is urgent for the Costa Rican government to start setting deadlines in the economic reactivation agenda, and in the changes that will be made to overcome competitiveness deficiencies.

According to the II Quarterly Business Survey, there are multiple deficiencies in the topic of competitiveness.

Bad Score for the Solís Administration

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Business leaders in Costa Rica disapprove of the management of outgoing President Luis Guillermo Solís, who in four years was not able to propose convincing solutions to serious problems such as the fiscal deficit.

From a statement issued by the UCCAEP:

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

Historical low in the business confidence index in Costa Rica

November 2008

The business confidence index dropped 17% withing the last year, according to the “Pulso Empresarial” survey by the Union of Chambers (Uccaep).

During the fourth quarter of 2007, the confidence index was at 7.27 out of a maximum of 10, while in the last quarter of this year, it fell to 6.04.

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