Although they are "often as dynamic and innovative as formal companies" enterprises in the informal sector say they see no benefit to regulate their situation.
A study by the World Bank concluded that "... 73% of informal firms have no interest in becoming regulated," not only because of tax payments, but simply because they say they receive no benefit from it.
A new tool allows private companies to independently assess the level of compliance with the Guatemalan Labor Law.
The purpose of this certification is for companies interested in attracting foreign partners to be able to prove they comply with labor laws in the country, as explained by representatives of the American Guatemalan Chamber of Commerce (Amcham), developer of the tool.
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.
For example, on the subject of electricity tariffs, Mario Montero, vice president of the Costa Rican Chamber of the Food Industry (Cacia), told Crhoy.com that "... 'there are now too many diagnoses and there are issues where political calculations should be left out of the picture, and the industry wants to participate in working groups' ... 'inaction is choking us and postponing decisions for 18 or 24 months is not acceptable.' "
Employers point to political instability, energy costs and lack of infrastructure as the main factors keeping out investment and reducing competitiveness.
A survey carried out with employers by the National Association of Private Enterprise (ANEP) showed as its first result the lack of competitiveness of the country in terms of attracting foreign investment, due to uncertainty created by political instability.
Five Costa Rican construction companies have submitted a joint proposal to take over the expansion to four lanes of 107 miles of kilometers to the Caribbean.
The companies, Codocsa, Desarrollos Mega, Pedregal, Productos de Concreto and Traesa submitted a joint proposal for the expansion to four lanes of the Rio Frio to Limón stretch on Route 32. They did not mention the cost or method of financing, but claim they are charging less than the amount proposed by China Harbour Engineering Company.
On March 20th-21st businessmen and representatives of the governments of the region will meet in Tela, Honduras.
Entrepreneurs and representatives of governments in the region will attend a meeting of the International-Latin American Business Council (CEAL) to be held in Honduras on 20 and 21 March.
"The will be exhibitors including the former President of Spain, José María Aznar, who will talk about the pursuit of equitable development in government-business relations."
The business sector is drawing attention to the fact that the Central Bank has not been clear in its explanations of the causes of the recent rise in the dollar.
Jaime Molina, president of the Costa Rican Union of Chambers and Associations of Private Enterprise at the Central Bank has complained about a lack of clarity in the explanations given for the causes of the recent rise in the exchange rate.
A survey has revealed that 73% of Nicaraguan entrepreneurs distrust the country's judicial system, and perceive the state as very corrupt.
Despite this result, the fourth survey on Trust and Corporate Intent, conducted by the Nicaraguan Foundation for Economic and Social Development (Funides), notes a slight improvement in the situation.
"In a survey conducted by Funides with 58 companies representing 30% of the gross value of production of the country, employers said that in addition to the distrust in the application of justice, they also perceive a lot of corruption in state institutions," reported nuevodiario.com.
The Development Bank of Latin America has provided a loan of $300 million to the Spanish Official Credit Institute for promoting business development between Spain and Latin America.
From a press release issued by the Development Bank of Latin America (CAF):
CAF (Development Bank of Latin America) and the Official Credit Institute (ICO) today signed the granting of a loan for $300 million for the financing and provision of guarantees for Spanish and Latin American companies.
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...