españolEconomy and Outlook for 2021Wednesday, March 31, 2021 The World Bank predicts that by the end of this year Panama and the Dominican Republic will be the economies of the region that will grow the most, and the countries that will report the lowest increases in their production will be Costa Rica and Nicaragua. After the region's economies were considerably affected in 2020 by the sanitary crisis generated by the Covid-19 outbreak, the outlook of international organizations for 2021 is encouraging. Protests and Vandalism in HondurasMonday, June 3, 2019 The business sector is concerned about the way in which the demonstrations have developed in recent days, generating "an unsustainable cost to the Honduran economy.” After the Honduran government approved decrees PCM-026-2018 and PCM-027-2019, the country's doctors and teachers began demonstrations with the aim of repealing them, because they argue that they will be able to fire government employees and privatize public services.
BUSINESS OPPORTUNITY
Tender for Railway Transportation in El SalvadorMonday, March 29, 2021 A tender was announced to execute the studies that will be used to determine the feasibility of the development of the railroad network for cargo and passengers, included in the Pacific Train Project. In a press conference, the Autonomous Executive Port Commission (Cepa) informed that through the technical cooperation in the bidding process, an analysis of the demand for rail service for cargo and passengers within the country will be carried out, and recommendations will be provided regarding the use of technologies and optimal alternatives for an efficient rail network and the appropriate systems to connect identified segments within the country. Credits: NO to Moratorium ExtensionMonday, March 8, 2021 A few months before the expiration of the law that establishes a moratorium on loans granted by banks, cooperatives and public and private financial institutions in Panama, the banking sector expects that these benefits will not be extended. In October 2020, President Laurentino Cortizo announced that the authorities had decided to extend until June 30, 2021, the validity of the law that establishes a moratorium on loans granted by public and private banks, cooperatives and finance companies. President's Council on Competitiveness and Innovation ActivatedFriday, October 10, 2014 The government of Costa Rica and the main business union have agreed to create a formal setting to discuss topics related to Competitiveness, Innovation and Talent. From a statement issued by the Union of Chambers and Associations of Private Business Sector (UCCAEP): Panama: Economic Activity Still DownTuesday, March 23, 2021 In January of this year, the Monthly Index of Economic Activity reported a 15% year-on-year drop, which is similar to the behavior recorded from March to December 2020, a period in which the pandemic severely affected productive activities. This index contracted considerably, due to the effects of the Covid-19 health emergency. Among the economic sectors that were affected were: Hotels and restaurants, other community, social and personal service activities, construction, commerce, financial intermediation, manufacturing industries, electricity and water, real estate, business and rental activities, and transportation, storage and communications, among others, according to the Comptroller General's Office of the Republic. Honduras: Foreign Debt Increases 5%.Tuesday, January 21, 2020 As of November 2019, the external debt of the private sector reached Ch$1,722 million, which is 5% higher than that reported at the end of 2018. Governments Do Not Create WealthThursday, June 28, 2012 "What makes a country prosperous is not its resources but how productive it is. A country is not rich because of what it has but because of what it does with it " - Javier Simán. An analysis by Claudio M. Maritime Terminal Improvements: Award SuspendedTuesday, March 9, 2021 Arguing that three inconsistencies were detected, the General Comptroller's Office of Guatemala ordered to temporarily suspend the bidding of the contract for the improvement of the breakwaters of Port Quetzal. This is the public tender called "Improvement of Port Infrastructure East and West Breakwaters", which on March 3 was awarded to the company Supervision, Construccion y Mantenimiento, S.A., for $62 million. Guatemala: Businessmen Protest Against State BudgetWednesday, September 23, 2015 In the view of the private sector it does not make sense to pass a budget that contains vices of the past which encourage theft of public resources, nonexistent jobs, inefficient spending and corruption. From a statement issued by the Coordinating Committee of Agricultural, Commercial, Industrial and Financial Associations (CACIF): State Comercial Enterprises: To Privatize or Not To Privatize?Tuesday, May 14, 2013 Why is it that in general public enterprises register losses while private ones normally earn profits? An analysis of the issue by Rogelio Arce Barrantes in Prensalibre.cr summarizes the situation with the words of the popular [Spanish] saying "If its free, let's party." Public-Private Partnerships Needed in Costa RicaMonday, February 11, 2013 The Costa Rican government currently lacks the ability to solve, by itself, the problem of public infrastructure that has been neglected for many years. An opinion piece by Carlos Camacho, published in Elfinancierocr.com highlights the delay in addressing problems in Costa Rica public infrastructure, a problem that directly affects the country's competitiveness, and gives the example that in the Competitiveness Report by the World Economic Forum 2012-2013, Costa Rica in infrastructure "received a score of 3.8 out of 7, and on the same subject in the overall ranking was ranked 74 out of 144, however, in the category of ‘Road Quality', Costa Rica was ranked 131 out of 144, and in 'Port Infrastructure ', 140 out of 144. Infrastructure is the second most problematic factor for doing business in the country, just ahead of the problem of state bureaucracy. " Employers Oppose Gender Equality StandardsWednesday, January 26, 2011 The Union of Chambers filed an appeal against the law which requires a minimum percentage of women on boards of directors. "We believe in the importance and need for women to participate actively in the various productive activities, but not in the way the law imposes," said Manuel H. Rodriguez, president of UCCAEP, adding that the contested legislation limits freedom of association, enshrined in the Constitution, because it requires organizations formed exclusively by women or men to find people to fill their boards of directors. Private Sector Salaries in Costa Rica up 2.35%Wednesday, July 2, 2014 Opposed by employers, the government approved the salary adjustment which will be effective in the first half of July 2014. With the backing of the government and the unions approval as given to the pay adjustment for the second half of the year, which according to the Ministry of Labour, was a "... midway point between the 1.33% proposed by employers and the 3.15 % requested by the National Union of Workers (UNT). Differentiated Salary Increase in Costa Rica: 2.55% and 3.50%Tuesday, June 21, 2011 The National Wages Council has finally approved the proposal submitted by the government to set wage increases in the private sector. From 1 July private sector workers will receive an increase of 2.55% and for those employed within the lower income categories, the increase is 3.5%. |
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Wednesday, April 14, 2021 - last update: 4:29 pm
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