After the Legislative Assembly ratified the country's accession to the Organization for Economic Cooperation and Development, the business sector is of the opinion that this will help consolidate the institutional reforms needed to make the State more efficient.
The Assembly informed that by approving in the second debate the bill 22.187, which contains the agreement on the terms of accession, the deputies gave the green light to Costa Rica's accession to the Organization for Economic Cooperation and Development (OECD).
Facing the proposal of the authorities to abolish the banking secrecy in the country, businessmen of the industrial sector are opposed, because they argue that there are already legal procedures in the country to do it through a judge.
At a press conference on February 11, Finance Minister Rodrigo Chaves defended the proposal to access sensitive information from taxpayers and said that by lifting banking secrecy they were seeking to tackle tax evasion.
In Costa Rica, businessmen and authorities signed a protocol defining concrete actions to implement and promote dual education in the country.
The protocol enables concrete actions to be formalized for the implementation and promotion of Presential-Dual Training among companies associated with the Chamber of Industries of Costa Rica (CICR) and other organizations, as well as to increase training opportunities and job opportunities for social mobility, informed the industrial sector guild.
The representatives of the Supreme Court of Justice of Costa Rica are more concerned with defending their unacceptable privileges than with performing impartially and morally the work for which they were appointed.
EDITORIAL
Arguing that the Tax Reform approved in the first debate in the Congress imposes spending containment measures on the salaries of the Judiciary, the judges of the Supreme Court of Justice announced that they will oppose the reform if the points that affect the operation of the institutions of the Judiciary, in their opinion, are not abolished from it.
Businessmen in the industrial sector are warning that "expanding the reach of the RECOPE and authorizing it to charge fuel rates is like giving them a blank check on which to write the numbers they want to spend."
Industriales gave reasons for their opposition to the draft Fuels Law, that are related to the law, cost, technical reasons and the country's competitiveness, in a note sent to the Environment Commission of the Legislative Assembly.
Improving performance using new sources of renewable energy and the manufacturing, food and agroindustry sectors is one of the objectives of the strategic plan put forward by industrial entrepreneurs in the region.
The Board of Directors of the Federation of Chambers and Industrial Associations of Central America and the Dominican Republic (Fecaica), presented its strategic plan for the 2018-2023 quinquennium, which considers the issues which the region should focus on in order for the industrial sector to grow.
Industrialists in Costa Rica are opposed to the appeal lodged by deputies against the presidential decree that prevented the rise of 72% in the price of LP gas and 35% in bunker fuel.
From a statement issued by the Chamber of Industries of Costa Rica:
The Chamber of Industries of Costa Rica said that nullifying the presidential decree on Sector Policy, as several Deputies want to do, will affect employment.Last week, deputy Luis Alberto Vasquez Castro and other lawmakers presented an appeal to the Constitutional Court against the decree by President Luis Guillermo Solis of January, a decree that prevented the ARESEP from changing the methodology of fuel prices.This presidential decree, put an end to the disproportionate increase in the price of Liquefied Petroleum Gas (LPG), 72%, and bunker fuel, 35%, which are key materials for the industrial sector.
Despite the impact that the high cost of energy and social security contributions have had on their competitiveness, medium and large companies anticipate a slight improvement in results this year.
From a statement issued by the Chamber of Industries of Costa Rica:h
Tuesday May 17, 2016. Industrialists expect a year with better performance in investment and increased production compared to last year.
Lower utility rates, a change in the exchange rate policy and starting the process to join the Pacific Alliance are in the view of the union the most urgent challenges facing the Solis administration.
From a statement issued by the Chamber of Industries of Costa Rica:h
The ICRC highlighted five challenges and 5 successes of the Solis Rivera administration in its first two years.
Costa Rican industrialists warn that increasing the minimum wage in the private sector by 34% will cause more unemployment and encourage more companies to operate unofficially.
The bill concerning the minimum wage will endanger plans for new hires in the private sector, and its passage into law could cause more informality and more unemployment. The proposal aims to increase the minimum wage by 34% for unskilled employees in the private sector.
They argue that joining the bloc offers growth potential for commercial partners who to date represent only 4% of total exports.
Enrique Egloff, president of the Chamber of Industries of Costa Rica provided support for this with figures which show that in 2015 Costa Rica's exports to the countries in the Pacific Alliance totaled $377 million and imports $1.786 billion.
An invitation has been extended for industrial companies in the country to attend the Industrial Trade IN 16 to be held from 28th to 29th July at the Convention Center Hotel Wyndham Herradura.
From a statement issued by the Chamber of Industries of Costa Rica:
Thursday February 18, 2016. The Chamber of Industries of Costa Rica will today present its new industrial trade fair called Industrial Trade In .16.
Concern over the serious impact on the productive sector of a 72% increase in gas prices has faded, while accusations of inefficiency and a monopolistic state oil company still persist.
Although the ARESEP is expecting to submit to a public hearing the new pricing methodology which would eliminate the subsidy from the cost of Liquefied Petroleum Gas (LPG), asphalt and bunker fuel, and increase the cost of a 25 pound cylinder from ¢ 6,410 to ¢8,470, the Government of the Republic has decreed a new sector policy for prices, in order to avoid the increases proposed by the regulator.
Increases up to 72% are expected in the price of gas and 35% in bunker fuel if a proposal put forward by ARESEP to reduce the price of gasoline and diesel by 2% is successful.
From a statement issued by the Chamber of Industries of Costa Rica:
Monday December 7, 2015. While industrial companies are making significant efforts to increase production and create jobs, the ARESEP has announced that in order to reduce gasoline and diesel by 2% it will increase the cost of bunker fuel by 35% and by the cost of Petroleum liquid gas 72%.
The State fuel distributor wants to include the cost of refining carried out in the country in fuel prices, even though it has not refined anything since 2011.
From a statement issued by the Chamber of Industries of Costa Rica:
• RECOPE wants to include the cost of refining carried out in the country in with fuel prices, even though it has not refined anything since 2011.
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