NewsWhore
04-07-2009, 01:30 PM
The president of the National Business Council (CONEP), Lisandro Macarrulla, is warning that government initiatives aimed at attracting investments are being undermined by some ministries that place obstacles in the way of new projects. He gave the example of when a company decides to create a residential development, it takes two or three years to get the permits it needs to begin the project. "CONEP receives a huge number of complaints from our members who are worried because some ministries are real obstacles to development," according to Macarrulla. The business leader said that this has to be stopped, and he deplored the fact that while the government makes efforts to attract international investment capital, local as well as foreign investors are affected by the number of obstacles that are created to stall the start-up of a new project. He said: "Therefore we have to revise the way we are structured, and what do we have to do to make ourselves more efficient." Macarrulla says that what is now needed are clear signals that the conditions that make private capital flow will be created.
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