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CURACAO | Regulated industries

The most relevant regulated industries of Curacao are:

Banking

The monetary system of Curacao is regulated by the Central Bank of Curacao and St. Maarten. The Bank’s most important objectives are to maintain the external stability of the Netherlands Antillean Guilder and to promote the efficient functioning of the financial system in the Countries Curacao and St. Maarten. To achieve these objectives the Bank has frequently recurred to credit control measures and/or to changing the discount rate.

Education

Curacao’s educational system is patterned after the Dutch system of education and besides the public schools, private and parochial schools are also available. The main institute of higher learning is the University of Curacao mr. dr. Moises Frumencio da Costa Gomez, the former University of the Netherlands Antilles. It is a public university, graduating approximately one hundred students per year.

Energy

Currently there is a monopolistic market model in the electricity and water sector. Aqualectra is Curacao’s utility company. They are responsible for the production, distribution and transport of electricity and water. On February 16th, 2011 the government of Curacao determined the Bill on Regulation Electricity Provision Curacao 2011-2015. This Bill describes the vision and policy intentions of the government on the electricity supply on Curacao. The government wants to stimulate the use of natural resource which the island has been blessed with, like sun and wind.   

Healthcare

There are a number of medical centers on the island, one of those is the St. Elizabeth Hospital (Sehos). The planning is to replace the Sehos with a whole new hospital which should be operational in 2015. In addition Curacao also has two private clinics named the Taams Clinic and the Antillean Adventist Hospital. For minor complaints, over the counter medicines are found at a local pharmacy, the so called “Botika”.  

Infrastructure
Curacao International Airport or Hato International Airport is the airport of Curacao. The airport is strategically located between North and South America has good air travel links with Europe, South America and North America and other Caribbean islands. Various airlines maintain facilities, both for passengers and airfreight. Furthermore Curacao has two cruise-ships terminals that are both located in the Otrobanda section of Willemstad. Several major U.S. and European cruise lines stop at Curacao. The best way to travel on Curacao is by car. The public transportation is fairly limited. Curacao offers two kinds of public transportation: the large yellow or blue busses, go for a longer distance, and the collective cars for more urban routes.

Telecom
Bureau Telecommunications and Post is the semi-autonomous regulatory authority for Curacao communications industries, with responsibilities across television, radio, telecommunications and wireless communications services. International roaming is available in Curacao.