Nicaragua Loses Competitiveness Because of Energy Rates

Photo José Adán Aguerri
President of the Consejo Superior de la Empresa Privada (Cosep), José Adán Aguerri

TODAY NICARAGUA – Employers say the country is losing competitiveness compared to the rest of the region as it has not seen downward adjustments in electricity rates.

Already there have been several talks with government on reducing energy prices, but still no response has been received from the requests of the Superior Council of Private Enterprise (COSEP).

Cosep’s President Jose Adan Aguerri told that “… Among the arguments that will be presented to President Daniel Ortega is not to just use funds to pay Caruna, but using the example Costa Rica, which being productive, took the decision to reduce tariffs in order to favor industry and the population general. ”

“… Costa Rica saw that it is not investments that are deserting the country, but companies that are leaving, that is why the Government took the decision to lower rates. We do not have to wait for this sort of thing to happen in the country. The president should make a proper decision in time. ”