Saturday, 28 November 2020

Costa Rica: Little Optimism for 2015

COSTA RICA NEWS — Business confidence is still falling with complaints being made about the absence of an agenda which aims to improve the business climate in the country.

unskilled-labourFrom a statement issued by the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP):

  • 6 out of 10 companies have faced significant increases in production costs over the last year.
  • Over 60% have ruled out generating jobs and new investment.

Increases in production costs and the absence of an agenda which aims to improve the business climate of the country, is causing the business sector to close the year with a drop in confidence. This was revealed by the latest measurements in the “Pulso Empresarial(Business Pulse) by the UCCAEP, for the fourth quarter of 2014.

- Advertisement -

The Índice Empresarial de Confianza (IEC) – Business Confidence Index – which measures expectations for the fourth quarter of the year compared with the same period last year, fell from 6.2% to 5.9%; equivalent to a contraction of 5%. 61% of respondents agreed that in the last 12 months there were factors which increased production costs significantly. Of these, 31% said that the factor which has raised production costs the most is the price of electricity, even more than the price of fuel or wage increases.

The Pulso Empresarial survey included questions on special topics.

The results include:

  • 52% of respondents believe that there is the absence of an articulated agenda between the Government and the Legislative Assembly in an attempt to improve the climate for doing business in Costa Rica.
  • 64% of employers think that the country’s authorities are not taking appropriate measures to revive the national economy.

Labour market
The survey revealed that 28% of employers were forced to lay off employees during the year ending, mainly the unskilled and semi skilled.

- Advertisement -

For next year, employment generation has no positive outlook, because 61% of entrepreneurs rule out new hires. Of employers planning to hire will be look ing mainly semi-skilled and technical workers, which does not favour the objective of reducing poverty.


Source: UCCAEP: Confianza empresarial cae al finalizar el año

- Advertisement -
"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

Mexico received a request for the sanitary registration of the vaccine from BioNtech / Pfizer

Q24N - The alliance of Germany's BioTech, which developed the vaccine...

Nicaragua still the country with the greatest mobility in Central America in times of pandemic

TODAY NICARAGUA – Eight months after the first case of Covid-19...


U.S. Embassy San Jose closed Thursday and Monday

QCOSTARICA - This note in from the United States Embassy in San Jose, that they will be on Thursday, November 26, 2020, to commemorate...

Covid-19 in Costa Rica: 1,187 new cases for Friday; concern for rise in hospitalizations

QCOSTARICA - Alone at the conference table from Casa Presidencial, the Minister of Health, Daniel Salas, made the rare appearance lately to provide us...

We understand why older people like them more now

QCOSTARICA - Costa Rica's new twenty rojos* bill was rolled out, circulating in the country on Thursday. And though they may be flashier, made...

Patient whose penis was amputated sent a loving message to his girlfriend

QCOSTARICA - A man named García, a resident of Osa, in the southern zone, underwent a penis amputation on Wednesday in an attempt to...

Low-cost airline Wingo resumes flights between Bogotá and San José de Costa Rica

QCOSTARICA TRAVEL - Wingo, the Colombian-flag low-cost airline, announced that it will resume its direct flights between Bogotá (BOG) and San José (SJO), with...

Puntarenas reaches the highest number of homicides in the last five years

QCOSTARICA - With the homicide of a 61-year-old man this Sunday, in Puntarenas, the province reaches 77 murders, the highest number in the last...

Let's Keep This Going!

To be updated with all the latest news and information about Costa Rica and Latin America.

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.