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Are We Talking the Same Language President Ortega?

Article Summary:

Members of Nicaragua’s Superior Council of Private Enterprise and President Daniel Ortega met privately this week to express their concerns about growth of the country’s economy. There is growing concern amongst these businessmen over maintaining a competitive position on four key topics: future tax reforms, Social Security, minimum wage increase and electrical rates. These topics are critical, they say, if Nicaragua wants to attract investment, sustain growth and retain employment.

Photo Credit: La Prensa Nicaragua

Original Article Text From La Prensa Nicaragua via Google Translate :

Businessmen Call for Caution to Ortega

By Lucia Navas
In a private meeting said the president, Daniel Ortega, with a select group of entrepreneurs, among whom is mentioned Pellas Group chairman, Carlos Pellas-, he expressed concern about several issues that may hinder the advancement country’s economy.

The meeting was the last weekend in the Secretariat of the Sandinista Front, which is also the office of President Ortega, who was accompanied by his economic cabinet.

The president of the Superior Council of Private Enterprise (COSEP), Joseph Adam Aguerri, it is important to the stability inside the Cabinet, especially economically. But he says that if the president, Daniel Ortega, decided to change several of its officials, hoping to get along with those names.

Both political and business circles is handled that will change to those at the Ministry of Finance, MTI, MAGFOR, Foreign Ministry, the Central Bank and the Attorney General’s Office.

Among the topics discussed was the need to maintain consensus on future tax reforms, the Social Security and the negotiation of the minimum wage increase and the price of electricity expected in 2012. “That position has been explained to the Government of the Republic,” said Jose Adan Aguerri, president of the Superior Council of Private Enterprise (COSEP), who participated in the meeting.

According Aguerri, which seeks to avoid affecting the projected economic growth targets for next year (3.3 percent). He stressed that as a sign of consensus reached in 2011 between the private sector and government, is the growth of gross domestic product (GDP) of Nicaragua that will be 4.5 percent. He claims that the private sector expectations is to maintain dialogue on these four topics as “challenges.”

“The government has shown interest to follow that path of consensus, hopefully effectively in the coming days it will be,” said Aguerri. Employers expect that the Government consider priority “to keep competitive Nicaragua,” which goes by stipulating that tax reform and Social Security be given gradually.

“If we want to maintain employment, if we want to sustain growth and attract investment we work very cautious in discussing these issues,” he says.

Another concern is the possibility COSEP United States will not renew the “waiver” or exemptions from application of the statutory provision for financial transparency and ownership, that Nicaragua continues to receive support from organizations like the Inter-American Development Bank (IDB).

In 2012 the country must issue two extensions, one in March and June and July. An issue that prevented Aguerri confirm whether Ortega played with the demand to reform the electoral system, which includes changing all the judges of the Supreme Electoral Council (CSE).

Link to Original Article:

From La Prensa Nicaragua

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