Quo Vadis Costa Rica?

The productive private sector is signalling a lack of dialogue and clarity as well as conflicting messages from the authorities of the new Costa Rican government, which is also proposing laws that discourage investment.

Tuesday, August 12, 2014

An increase of more than 4% in the salaries of public officials, lack of action over lowering the cost of energy, lifting barriers which generate legal uncertainty, and initiatives to increase the tax burden on the formal productive sectors are the issues concerning entrepreneurs in Costa Rica.

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

Mixed signals from the government concern the business sector

• Projects convened in special sessions discourage investment
• Union of Chambers calls attention to lack of dialogue, clarity and conflicting messages from the authorities.

The Costa Rican Union of Chambers and Associations of Private Enterprises (UCCAEP), expressed its concern about the confusing signals it has received in recent days from government authorities.

Issues related to legal security, employment, energy and public expenditure are generating alarm among Costa Rican entrepreneurs.

"When the Citizen Action Party won the elections, there was good communication between Luis Guillermo and the sectors, but today we are not perceiving the same arrangement, but rather that signals are being sent which are generating uncertainty and insecurity in the sector," said Ronald Jimenez, president of UCCAEP.

More on this topic

Costa Rica: Step Backwards for Legal Certainty

December 2014

Despite widespread opposition from all productive sectors in the country, President Solis has lifted the ban on reforms to the law on labor procedures imposed by the previous administration.

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

Business Confidence in Costa Rica Still Falling

September 2014

The results of the Quarterly Business Survey highlighted that 78% of companies are ruling out making new hires this year.

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

78% of companies rule out new hires this year

Costa Rica: More of the Same

August 2014

The initiative for a National Strategy for Employment and Production created by the new Solís administration shows that there is still a belief that public officials know how to produce wealth.


The Costa Rica entrepreneurs' opinion is convincing: the Union of Chambers states that "employment is not generated by decree, but through policies which improve the business climate" ...

Costa Rica: Businessmen Ask For Concrete Actions From Government

August 2014

There are concerns related to lack of definition in key areas and the Solis administration's true implementation capacity is being questioned.

The guild of private companies has also criticized the fact that they were not included in the development of the employment strategy to be presented in the next few days by President Solis.

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