After the approval in second legislative debate of the law authorizing employers to suspend, from the first day of demonstration, the payment of wages to public servants who go on strike, the file will go to the President, Carlos Alvarado.
The Plenary Session of the Legislative Assembly approved, with 35 deputies in favor and 13 against, in its second and final debate, Bill 21,049, which will regulate strikes by establishing new rules so that workers can exercise this right, the Legislative Assembly reported.
After listening to the observations made by Chamber IV, the deputies approved in first debate the law authorizing employers to suspend, from the first day of demonstration, the payment of wages to civil servants who go on strike.
Reducing trade barriers and procedures, increasing legal security and improving productive infrastructure are part of the changes required by the business sector for the region's economic development.
In Guatemala, the 12th Ibero-American Business Meeting is held, in which the private sector presents proposals to face the current challenges and generate opportunities for the countries of the region.
Adverse court decisions against companies, social and political conflicts and fiscal issues are some of the factors that are impeding the development of productive projects in Central American countries.
One of the latest court decisions affecting companies with investments in the region was that of Minera Petaquilla, in Panama.
The Attorney General has denounced the existence of barriers that prevent white-collar crime and in particular corruption within the state from being pursued effectively.
The authorization from a judge for a case of public documents to be opened as part of an investigation, and the adoption of appeals even when the law states that they are not appropriate, are some of the legal obstacles that delay the processing of cases of white collar crime.
If Central America does not strengthen the institutions that ensure a stable legal framework and full respect for contracts, foreign investment will not come and national investment will go to other countries, no matter how many incentives and tax exemptions are offered.
For 50% of the properties that make up the country there are no exact measurements and boundaries are not validated by the national cadastre system.
Out of 478 districts in the country, only 32 have catastral plans and 35 are still being published, ie around 800,000 properties do not have validation of their boundaries. Among the missing cadastral areas are urban areas and land sea areas.
Employers in the region are complaining about a lack of long-term development policies, and are asking for Government transparency, effectiveness and legal certainty, so that they can continue investing in the region.
During a meeting between businessmen and government called 'Expanding opportunities: promoting the private sector and job creation', entrepreneurs from different sectors shared their concerns and views on the investment climate in the region.
If successful, the bill being discussed in the Legislative Assembly of Costa Rica, will make shareholders of corporations liable in cases of fraud.
The Legal Affairs Committee has endorsed a bill entitled Lifting the Veil of the Legal Personality, to be discussed in the plenary of the Legislative Assembly. The initiative aims to reform the Code of Commerce so that shareholders of corporations will be held accountable for the acts of the company in the event of any breach or violation of rights.
The productive private sector is signalling a lack of dialogue and clarity as well as conflicting messages from the authorities of the new Costa Rican government, which is also proposing laws that discourage investment.
An increase of more than 4% in the salaries of public officials, lack of action over lowering the cost of energy, lifting barriers which generate legal uncertainty, and initiatives to increase the tax burden on the formal productive sectors are the issues concerning entrepreneurs in Costa Rica.
While on his U.S. tour the new president Solis is looking to dispel uncertainties about the economic direction of the country and the treatment to be given to foreign investment.
An article on Estrategiaynegocios.net reports that President Luis Guillermo Solis said "...
The container terminal project in Costa Rica by the Dutch company APM Terminals is being delayed because of poor management and lack of coordination between the public institutions involved.
From the executive summary of a Special Audit Report on the Observance of Character of Contractual Obligations in Preliminary Phase of the Project for Concession of Moin Container Terminal (Tcm):
Lack of clear leadership, internal chaos in the main political parties and parliamentary fragmentation are threatening Costa Rica's business climate.
Contradictory statements over the legal certainty of the project for a mega containerport in Moin ($1 billion), made by the very probable next president of Costa Rica, Luis Guillermo Solis, and the founder of his party (Citizen Action) and deputy chief of the legislative group, Otton Solis have generated understandable alarm in the business community.
The money that the State of Costa Rica will lose in the dispute over the failed concession of the Crucitas mine will come from taxpayer's pockets.
Editorial
During the 20 year period of the soap opera that is Crucitas gold mine, none of the individuals who are involved in one way or another have suffered any financial loss and many, on the contrary, have seen an increase in their income and their bank accounts. They include presidents, former presidents, ministers, former ministers, judges and other public officials, who, regardless of the nature of their involvement in the matter, carried on receiving their salaries on time and carried on collecting their juicy pensions.
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