Monday 20 September 2021

Costa Rica Business Sector Calls For Kick-Start To Economy

In the next six months, it is crucial that the government focus its efforts on supporting areas that allow growth in the economy

Paying the bills


Today’s Vehicle Restriction September 20: Plates ending in “1 & 2” CANNOT circulate

QCOSTARICA - For today, Monday, September 20, despite being...

Athleta women’s brand opened its first store outside North America in Costa Rica

QCOSTARICA - Gap Inc.'s Athleta brand announced the opening...

Carlos Alvarado: Vaccine retention ‘delays global solution and increases risk of new virus variables’

QCOSTARICA - Costa Rica President Carlos Alvarado showed his...

Top 8 Ways To Make Money in 2021

There are many legal ways to make money in...

Otto Guevara compares Daniel Salas with a dictator for sanitary measures

QCOSTARICA - The vehicle restriction of odds and evens...

Today’s Vehicle Restriction September 19: “EVEN” ending plates CANNOT circulate

QCOSTARICA - For today, September 19, vehicles with EVEN...

What are we celebrating?

QCOSTARICA - From the gallows humor department is the...
Paying the bills


At the beginning of the second year of the administration of Carlos Alvarado, the low execution of the projects worries businessmen, who ask the government to prioritize, with the objective of achieving the economic reactivation that the country requires.

“In the next six months, it is crucial that the government focus its efforts on supporting areas that allow growth in the economy,” said Enrique Egloff, president of the Chamber of Industries. La Republica

The entry into force of the new taxes as of Monday, the historical unemployment – 275,000 people – and the distrust of the consumer, make necessary a change of rudder from Casa Presidencial (Government House).

- Advertisement -

It is that 58% of the initiatives raised by the government of Alvarado are in execution and only 5% have been completed, according to the analysis carried out by the Observatory of Compliance, a joint effort between the Costa Rican Chamber of Commerce (AmCham) and the Chamber of Industries of Costa Rica, with additional support from the Chamber of Information and Technology and the Association of Businesses of Free trade zones (Zonas Francas).

Reviewed were the actions undertaken by Alvarado in taxation, education, employment, infrastructure, decarbonization and energy, in addition to trade, free zones, among other areas, resulted in few positive results.

For the business sector, the implementation of alternative plans, presented in recent months, causes difficulty to clearly visualize the course of the country.

We seek to analyze the route that the Government has been developing, and from there focus on the changes that, as a sector, we should consider, raise our priority areas, in order to reactivate all sectors and the economy of the country,” said Elías Soley, president of AmCham.

Entrepreneurs recognize the progress the Government has made in some areas, although they are not in the plan.

However, they urge to accelerate the pace this second semester and reactivate sectors that are lagging behind and that are indispensable.

- Advertisement -

“In the next six months, it is crucial that the government focus its efforts on supporting areas that allow growth in the economy and solve key problems such as the fiscal deficit, economic stability and employment generation,” said Enrique Egloff, president of the Chamber of Industries.

Several actions must be prioritized, according to the business sector include:

  • Costa Rica’s entry process to the Pacific Alliance (Alianza del Pacífico)
  • Special work days
  • Reform to the minimum wage
  • Promote bilingualism
  • Opening of the electric market
  • Regulate well the Plan Fiscal
  • Contain spending
  • A fast passenger train and service sectorization
  • Construction of roads: San José- San Ramón, San José-Caldera and Route 32
  • A decrease in institutional barriers

Source: La Republica in Spanish


- Advertisement -

- Advertisement -
Paying the bills
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Unemployment would increase if there is no commercial opening and less vehicle restriction

QCOSTARICA - Modifying the hours of the sanitary vehicle restriction and...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.