The president of the Asociación de Empresas de Herrera, Mr. César Nicolás Penson, says that contrary to the statements made by the governor of the Central Bank, 1995 has been a very bad year from the economic point of view. He added that he had read the report of Mr. Hector Valdez Albizu, governor of the Central Bank, in which he says that “the year 1995 was a very positive year for the country from the economic point of view.” Mr. Penson said that “in 1995, the level of employment was dramatically reduced, industrial activity was much lower while imports were much higher.”