Gonzalo Delgado decided to resign the presidency of the UCCAEP, after several days charged with much controversy and divisions within the largest business union Costa Rica.
In accordance with the decision taken by the Chambers of Commerce and Industry, the banana growers' union in Costa Rica decided to leave UCCAEP, after having been affiliated for more than 30 years.
Although Costa Rica's fiscal reform has already been approved, the IMF proposes raising some taxes as part of an "additional adjustment" to reduce debt and ease financial pressure in the short term.
"... “We are negatively surprised by the simplistic position of the International Monetary Fund that in the absence of money, taxes should be raised, we consider those words unacceptable, because it has been demonstrated in this country that a large part of the deficit is because of the inefficient use of public funds and an issue of state efficiency that does not allow people to become businessmen," said UCCAEP President Gonzalo Delgado."
Because of doubts that have arisen in the business sector, in Costa Rica it was reported that the start of shareholder registration was postponed six months and will enter into force on September 1 of this year.
The aim of this process is to facilitate compliance with the obligation that companies must inform the Treasury on the composition of its share capital, as well as the identification of final beneficiaries, under the provisions of the Law to Improve the Fight against Tax Fraud, a statement from the Central Bank of Costa Rica (BCCR).
The Central Bank estimates that Costa Rica's economy will increase by 3.2%, mainly because of private consumption and a rebound in public investment.
According to the Central Bank's 2019-2020 Macroeconomic Program, the Costa Rican economy will increase by 3.2% in 2019 and by 3% in 2020.
The authorities consider that economic growth in 2019 will be boosted by private consumption, reflecting the increase in confidence after the approval of the fiscal reform and the impact of the improvement in the terms of trade on disposable income, and by government consumption (recovery effect after the strike).
Businessmen in Costa Rica ask the government to complete projects that promote the reactivation of the economy next year, where construction and agriculture are the highest priority activities.
In addition to the economic rebound, the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP) expects the country not to focus on single-issue discussions, as happened in 2018 with the fiscal plan.
In the Central American region, the average unemployment rate for those aged between 15 and 24 is estimated to be around 11%, with lack of work experience being the main barrier to accessing the first job.
According to figures from the Central American Observatory of Social Development, Costa Rica and Panama are the countries in the region with the highest rates of youth unemployment, with 27% and 15%, respectively.
The business sector welcomes the progress achieved with the tax reform approval in the first debate, but notes that it does not fully solve the financial problems facing the government.
In the debate last Friday, the representatives approved the file number 20.580, known as the tax reform law. The approval was optimistically received by the Costa Rican Union of Chambers and Associations of Private Business Sector (Uccaep).
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.
In the first months of the year, the pace of economic activity, employment and bank credit have been slowing down, complicating Costa Rica's economic outlook in the coming months.
During the fourth month of the year, economic activity reported an interannual growth of 2.8%, an increase that is below the average growth rate of 3% reported in the last eight years. On top of this awards of bank loans went up 6% with respect to February 2017, half the rate it was growing at a year ago.
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.
The Comptroller confirmed the contract for the construction, under the turnkey format, of a medical center in Pérez Zeledón, San José province.
The contract between the National Institute of Insurance (INS) and the companies Consorcio Constructora Gonzalo Delgado, Consultancy and Design and Industrial Medical Electronics is for $5 million comprises "...
High rise condominiums are becoming consolidated as the favoured choice for housing and business opportunities throughout the greater metropolitan area.
Santa Ana is the county with the most properties, having seven vertical and six horizontal condominiums, followed by the central canton of San José, which has seven new buildings.
While prices of vertical construction start at $108,000, there are apartments that can cost up to $679,000.
Keeping pace with demand, condo building in Costa Rica in 2012 grew by 130% compared to 2011.
Among the factors accounting for the increased demand for housing in Costa Rican condos, the most important is the search for greater security against crime and the high cost of land.
An article in Radioreloj.co.cr reports that "According to the Costa Rican Chamber of Construction, the development of condominiums increased by almost 130 percent in the last year. During 2012, it handled 870,000 square meters of condos. A year earlier the figure was 378 thousand square meters. "
Businesses have a positive outlook for 2012 and hope that more jobs will be generated.
More direct jobs, more square meters built and growth around 5%. These are the expectations for 2012 by the construction sector, according to website elfinanciero.com.cr.
Gonzalo Delgado, president of the Costa Rican Chamber of Construction (CCC), said that despite a sensitive or even turbulent economy as cited by some experts, the outlook is positive.
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