españolCosta Rica Close to Joining the OECDTuesday, March 31, 2020 After the country has completed the 22 required assessments called for in the roadmap, in the coming months the organization's Council should take the decision to invite the country to formally become a member. The Organization for Economic Cooperation and Development (OECD) issued its formal opinion favorable to the work that the country has been doing to address the recommendations provided by this committee since 2016, in areas such as macroeconomic and fiscal stability, inclusive economic growth, increased productivity and promotion of competition, among others. Fusades El Salvador Launches Initiative for CompetitivenessFriday, January 27, 2012 The initiative seeks to build a national agenda based on agreements and actions to be implemented to solve problems that have driven back the country's global competitiveness. A press release from the Salvadoran Federation for Social and Economic Development(Fusades) reads: What are Businessmen Expecting in 2020?Monday, December 23, 2019 Taking measures to reactivate the productive sectors, make better use of public-private partnerships and boost tourism is part of what the private sector expects from the Panamanian government in the coming year. Six months before the Cortizo administration takes office, Panama's business sector is asking it to make the decisions the economy needs to be able to continue on the path of development, and above all, not to lose competitiveness both domestically and in relation to its peers in the region, and to be able to continue to attract foreign investment. More Control over the Energy MarketWednesday, February 12, 2020 Through the creation of four new state-owned companies, President Ortega seeks to control the exploration and exploitation of oil in Nicaragua, as well as the import, storage, distribution and marketing of gas and fuels. With the approval of the law initiatives, the government seeks to transfer the control that Alba de Nicaragua S.A. used to have in this market. (Albanisa), which was sanctioned by the U.S. because of its links with Petróleos de Venezuela, and Distribuidora Nicaragüense de Petróleo (DNP), which was also sanctioned by the same country, in this case for benefiting the Ortega family with non-competitive contracts. Central America Loses CompetitivenessWednesday, October 9, 2019 In the 2019 Global Competitiveness Index, Costa Rica, Panama, Guatemala, El Salvador, and Nicaragua fell back in the ranking, while Honduras registered no changes and the Dominican Republic was the only country that improved. According to the report by the World Economic Forum, during 2019 Costa Rica ranked 62 out of 141 countries. It was followed by Panama at box 66, the Dominican Republic at 78, Guatemala at 98, Honduras at 101, El Salvador at 103 and Nicaragua at 109. Global Competitiveness Report 2013 - 2014Thursday, September 5, 2013 The stagnation of competitiveness in Latin America demonstrates a need for structural reforms and investments which increase productivity. • The Global Competitiveness Report 2013-14 indicates that competitiveness is stagnating in Latin America and reforms and investments to ensure future economic growth are long overdue. Global Competitiveness Index 2011-2012Thursday, September 8, 2011 Panama leads in Central America (49th in the global list), followed by Costa Rica (61), Guatemala (84), Honduras (86), El Salvador (91), and Nicaragua (115). Chile (position 31), Puerto Rico (position 35), Barbados (position 42) and Panama (position 49) are the only four economies in Latin America and the Caribbean ranked among the top 50 in the World Economic Forum’s Global Competitiveness Report 2010 - 2011 Energy: Dumping in NicaraguaFriday, February 14, 2020 The private sector believes that Ortega's creation of new state-owned companies to exploit oil and import and market gas and fuel will generate dumping in the country. f="https://centralamericadata.com/en/article/home/Ms_control_sobre_el_mercado_energtico" target="_blank">On February 11, the Law creating the Nicaraguan Gas Company (Enigas), the Law creating the Nicaraguan Company for hydrocarbon storage and distribution facilities (Eniplanh), the Law creating the national company for the exploration and exploitation of hydrocarbons (ENIH) and the Law creating the Nicaraguan company for the import, transportation and commercialization of hydrocarbons (Enicom) were approved as a matter of national urgency. Incentives to Improve CompetitionWednesday, September 18, 2019 In Costa Rica, a bill is in progress that contemplates eliminating fines for the first member of a cartel that recognizes and denounces to the authorities that has engaged in monopolistic practices. As part of the bills for Costa Rica's entry into the OECD, deputies voted in second debate file No. First Observatory of Electric PowerFriday, July 24, 2015 AGEXPORT creates the Observatory of Electric Power, to ensure the competitiveness of the sector in Guatemala. The purpose of the Observatory is to monitor regulatory changes affecting the operation of the electricity market, monitor their impact on electricity costs and generate opinion on important decisions. Coronavirus Event CancellationWednesday, March 11, 2020 In Costa Rica, the authorities reported that following the outbreak of covid-19 in the country, the measure prohibiting any activity of massive concentration of people remains in force and that companies organizing public shows have the obligation to return the money to consumers. The ticketing companies or platforms for selling tickets must provide the entities that act as acquirers in transactions or purchases made by credit or debit cards, all the information required for the effective identification of the transactions corresponding to the cancelled event, immediately, explains an official statement. NO to Privileges for Companies With Mixed CaptialTuesday, December 17, 2013 Under discussion in the Salvadoran Congress is the application of equal fiscal controls and management for private companies and those made up of mixed capital. Public-private companies should be subject to the same controls and audits as those consisting of 100% private capital, because lack of transparency in controls of some of them and excess controls in others affects competitiveness and economic development. Free Trade: ClustersFriday, September 5, 2008 Lately the trend has been to talk of the formation of clusters and competitiveness. However, it seems that at the same time some people are tricking themselves, speaking of "building clusters." If we start with the premise that competitiveness from the sum of the comparative advantages of a country and placing added value to these (competitive advantage), the essence of the matter are the comparative advantages; these tell us if the company or sector can really develop on their own or if they will have to seek the help of the state (State privileges) to sustain themselves in the long term. Comparative advantages are those abilities or characteristics that make us stand out from the rest. If we use the example of the biblical parable of the talents, comparative advantages are the "various talents" that the country or sector has in comparison to others. Children's Hospital: Has the Story Ended?Monday, March 9, 2020 After the claims were solved, the Panamanian Ministry of Health awarded the contract to build and equip the new Children's Hospital to the consortium Acciona Construccion S.A. The last claims of this work, which has been trying to be awarded for years, arose after the results of the competition were known, since the report of the Evaluation Commission details that the proposal of Consorcio CAMCE, worth $613 million, obtained a score of 72 and that of Consorcio Acciona Construcción, S.A., valued at $614 million, had a score of 87.92. See details of the evaluations (in Spanish). Challenges in the Panamanian Logistics SectorWednesday, January 29, 2020 Investment in more sophisticated equipment, preparing human capital for knowledge generation and coordinated decision making between government and business, are some of the areas that Panama has to work on in order to continue competing globally. The country depends largely on the economic activities of the logistics sector, as it contributes about 33% of the Gross Domestic Product. However, the intense competition at a global level has forced Panama to face multiple challenges. |
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Thursday, April 9, 2020 - last update: 5:38 pm
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