Although the Alvarado administration reversed the initial proposal to ask the IMF for $1.75 billion in financing and called for an inter-sectoral dialogue, Costa Rica is semi-paralyzed by the blockades that are taking place on various roads in the country.
At the height of the pandemic and economic crisis, the Costa Rican president announced, on a national chain, an economic recovery plan with no clear direction, no assigned leaders and no concrete actions.
In the message broadcast on the night of July 12, President Carlos Alvarado vaguely explained part of the plan to be adopted to overcome the health and economic crisis generated by the spread of covid-19.
In the context of the protests and blockades that have been affecting Costa Rica for several days, the businessmen denounce that there are millions of losses, mainly in tourism, exports, and agricultural, industrial and commercial activities.
Because of "the lack of the necessary laws or regulations to supervise airlines in accordance with minimum international standards," new services from companies licensed from Costa Rica to the U.S. will not be allowed to be established.
In 1996, Costa Rica was assigned an initial Category 1 rating when the Federal Aviation Administration (FAA) determined that the country's Directorate General of Civil Aviation (DGAC) complied with International Civil Aviation Organization (ICAO) standards for aviation safety oversight.
The court's pronouncement that declared legal the strike of the state fuel refiner and distributor in Costa Rica "has not been competent and introduces us into a very dangerous legal insecurity for national investment and the attraction of foreign investment."
From the statement of the Chamber of Industries of Costa Rica:
Fuels are critical and Costa Rica must be defended as well
The road infrastructure investment plan announced by the Alvarado administration includes, among other things, the allocation of $350 million for the San José-San Ramón, San José-Cartago, and San Carlos road routes.
From a statement issued by the Ministry of Public Works:
"These projects will be financed with existing resources of unutilised credit and with the public-private partnership scheme, so they will not put pressure on public finances.
Businessmen in Costa Rica recognize the importance of the fiscal reform needed by the country, but they are calling on the Alvarado administration to pay attention to equally complex problems, such as unemployment and high production costs.
The business sector has taken stock of the first 100 days of the government of Carlos Alvarado, and in a discussion outlined the urgent challenges facing the country, such as how to achieve economic reactivation, advancing a proposed teleworking law, promoting dual training and investing in improving road infrastructure.
From January to April 2019 the company Apple Vacations will be running a weekly charter flight between the airport of Liberia, Guanacaste, and Rockford in Illinois, United States.
The Costa Rican Tourism Institute (ICT) reported that the route which will bring 2,340 tourists to the country will have a weekly frequency.
In Costa Rica, the brand-new Alvarado administration faces the challenge of solving complex problems such as the growing fiscal deficit, deteriorated infrastructure and high production costs which are affecting the competitiveness of companies.
The Costa Rican - North American Chamber of Commerce (AmCham) shared criteria of "...
According to Fitch Ratings, the fiscal outlook still faces considerable uncertainty in Costa Rica, despite the promise of President-elect Carlos Alvarado to carry out comprehensive reforms to reduce the deficit significantly.
In the view of the ratings agency, "... President-elect Carlos Alvarado's strategy for the future is not yet clear. Pressing the smaller 'fast track' bill might be politically easier, but it could reduce the urgency around additional reforms; Supporting a larger package could be more politically difficult."
While one candidate is willing to review the limits on private electricity cogeneration, and raise them from 15% to 30%, the other rejects the possibility of extracting natural gas due to its environmental implications.
In a meeting with companies in the Chamber of Industries of Costa Rica (ICRC), the two candidates who will go head to head in a second round of voting on April 1, shared their proposals to deal with issues of great importance to the industrial sector, such as electricity rates and the opening up of the electricity market, as well as the management of procedures in State institutions.
During 2014 800 building permits were granted in the Honduran city, 30% more than in the previous year.
Of the total number of permits issued in 2014, 267 correspond to works carried out in the north-western sector of the capital. It is expected that the 2015 figures will exceed those reported in previous years.
Carlos Alvarado, director of Municipal Planning, told Laprensa.hn that "...
Development Groups are preparing to build four new high rise luxury apartment buildings in the northwest area of San Pedro Sula.
Private developers announced the launch, in the coming months, of the implementation of high rise construction projects, which will mean an investment of more than $42 million .
"A businessman in construction and infrastructure and advisor to the Mayor of San Pedro Sula, Ernesto Lazarus reported that the minimum investment is $8 million for the construction which is a strong investment in an average of two years during the construction."
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