The reform proposal submitted by the Government does not have the full backing of the Legislative Assembly.
The way that resources obtained from the banking system are to be used is the main point that could further delay the implementation of the system of development banking (SBD in Spanish), which aims to provide financing to small and medium enterprises who do not have access today to traditional bank loans.
Following the purchase of the Costa Rican company Atlas, the Mexican group Mabe has near total monopoly of the household appliances sector.
The Commission to Promote Competition in Costa Rican’s Ministry of Economy, found that after the acquisition of Atlas, there was a 'prohibited concentration", according to the law to promote competition and consumer protection.
From 2012 the government will be offering a Digital Home Business System, which will reduce the time it takes to start a business to 20 days.
Currently it takes up to 60 days to complete the various formalities required for starting a business, which places the country among the slowest in the region, according to a global Doing Business report.
Costa Rican companies from the south will hold meetings with their counterparts in Panama.
Companies from the agribusiness in Costa Rica, and from the tourism sector, services, food and agriculture sectors in Panama, will participate in the event organized by the Foreign Trade Promoter (Procomer) and the Joint Development of Competitiveness for the Brunca Region (FODM).
The new digital system will allow online registration for exporters and packers of products of vegetable origin.
As of June 13, the State Phytosanitary Service (SFE) will make the Digital Registry of Exporters System (SIDEX by its Spanish initials) available to users.
Facing pressure from political parties and productive sectors, the government decided to change the project.
Modifications include a new set of basic products extent from value added taxes and changes to the "social economic" sector, which includes solidarity associations, cooperatives and the "Banco Popular".
The Economy Ministry presented the quarterly survey on credit and debit cards, through October 2010.
Regarding credit cards during for this period, there were 29 issuers with 403 types of plastic.
If debt was distributed equally among the economically active population, it would represent a per capita debt of $ 837, which is almost double the minimum wage.
Another initiative by the corporation of state officials to justify their salaries, at the expense of the over-used “support the SMEs” motto.
"The Costa Rican Ministry of Economy, Industry and Trade (MEIC) together with the President's Competitiveness Council, the Economic Commission for Latin America (ECLAC) and the Banking System for Development are driving the creation of a “seed money” funding system in order to support Small and Medium Enterprises (SMEs)."
Producers reported pork imports from Chile with prices up to 50% lower than national prices.
The National Chamber of Pork Producers stated this situation has been going on for a couple of years and was reported to the Ministry of Economy, Trade and Industry and the Ministry of Foreign Trade.
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