Arguing that there are indications that businessmen have attempted against the Nicaraguan society and the rights of the people, local authorities ordered to lift the bank and tax secrecy of former Funides executives.
In recent weeks in Nicaragua a wave of arrests has been made against presidential pre-candidates, business leaders and people who oppose the government's actions.
The gradual abolition of price control, the creation of the PPP regulatory framework and greater flexibility in preferential interests in the housing market are the advances recognized by Panamanian businessmen in the first 100 days of the Cortizo era.
Generating a positive perception of the country, improving the relationship with the U.S. government and taking control of the penal centers are some of the actions highlighted by the business sector of El Salvador, regarding the first 100 days of the Bukele administration.
After more than 40 days of protests and looting, Honduran businessmen report that about 50 companies have been affected, and several stores have already been closed.
Preliminary reports from the Chamber of Commerce and Industry of Tegucigalpa (CCIT), establish that among the most affected businesses are supermarket chains, appliance stores, fast food restaurants and microenterprises dedicated to the marketing of clothing and footwear.
One of the decisions taken by Guatemalan businessmen with interests in Nicaragua is to suspend new investments until the situation in the country is normalized.
Due to the social and political situation that the country has been experiencing for more than three months, Guatemalan investors that operate companies in Nicaragua have been analyzing the situation closely, and are already taking measures to minimize the impact of the crisis on businesses. One of the decisions that some companies have taken is to reduce the cost of the operation to the lowest possible level, in order to maintain or reduce product inventories.
In order to facilitate the formalization of more companies, in Costa Rica the private sector has proposed to the government the implementation of a fiscal amnesty exclusively for the informal sector.
The Costa Rican Union of Chambers and Associations of Private Enterprise (Uccaep), proposes that the tax amnesty be carried out avoiding retroactivity and reprisals, and that it has a short period of duration.
After two consecutive years with falls in revenues, last year the Costa Rican Electricity Institute reported revenue of $1.028 billion, 3% more than in 2016.
The revenues of the telecommunications sector of the Costa Rican Institute of Electricity (ICE) registered an increase last year, which is explained by better performance in the telecommunications wholesalers segment, which corresponds to services coming from the relationship of the ICE with other operators.
Entrepreneurs feel that corruption in the public administration is the State's main problem, and they affirm that a high percentage of companies have been exposed to bribes.
The Coordinating Committee of Agricultural, Commercial, Industrial and Financial Associations of Guatemala carried out the "I Survey of Business Perception 2018", and among the main results that were obtained, were that "...38% of entrepreneurs said that corruption in public administration is the state's main problem which prevents development, while 43% say that their companies have been exposed to bribes."
Starting October the private sector and government will be working together to implement measures to improve the competitiveness and productivity of the economy.
From a statement issued by the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP):
The Costa Rican Union of Chambers and Associations of Private Enterprises (UCCAEP) and the Executive have agreed to the formation of a council to facilitate the coordination and monitoring of public policies on competitiveness, innovation and employment.
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.' "
The new website streamlines the process of business registration and complements the panamatramita.gob.pa site for completing paperwork with the government.
From a press release by the Ministry of Commerce and Industry of Panama:
The Minister of Trade and Industry, Ricardo Quijano, madeofficial the launch of the panama.eregulations.org information website, which allows people to see step by step from the user's perspective, the procedures for creating or operating a business in Panama in various sectors of economic activities.
Continued economic deterioration during the government of Porfirio Lobo has led businessmen to prefer the leftist opposition candidate over the ruling party man.
An article in Elnuevoherald.com reports that Adolfo Facussé, president of the National Association of Manufacturers, said that the current government "... is an economic disaster, giving out money in political campaigns, increasing public administration and making unnecessary tenders which are not very transparent".
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.
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