The Central Bank and its Maximum De-concentration Entities warned that, regarding to the use of digital assets or currencies known as crypto-coins and the like, participants in the financial, securities, insurance and pension markets, as well as exchange houses, remittance agents, economic sectors and the general public must be aware of the risks associated with […]
Archives for October 11, 2017
UN calls for work on behalf of Costa Rican children
In the framework of the International Girls’ Day, the United Nations System in Costa Rica calls for the protection and empowerment of girls, especially in the face of emergency situations. With the theme “Empowering Girls: Planning Response and Resilience to Emergencies,” the organization seeks to raise awareness of the situation faced by 1.1 billion girls […]
New British Commercial Attaché for Costa Rica
British Prime Minister Theresa May appointed parliamentarian Simon Hart as her country’s new trade envoy for the territories of Costa Rica, Panama and the Dominican Republic. UK trade envoys are a network of parliamentarians from across the political spectrum and these representatives relate to one or more emerging markets where the UK government has identified […]
World Bank: Latin America grows again
The countries of Latin America and the Caribbean will end the year with growing economies, after suffering a significant GDP contraction of -1.3 percent in 2016, according to the World Bank’s forecast in its latest bi-annual report. In its latest bi-annual report, “Between a rock and a hard place: The Crossroads of Monetary Policy in […]
Salvadoran gang member who had asked for refuge was deported
A man identified as an active member of the Central American maras was deported from Costa Rican soil to El Salvador, where he has two arrest warrants for homicides. The Intelligence Unit of the Office of Plans and Operations (OPO) of the Judicial Investigation Agency (OIJ) followed the 22-year-old man named Paz Padilla. This individual […]
Committee asks for Juan Carlos Bolaños’ bank secrecy to be lifted
On Wednesday afternoon, the committee investigating the cement loan approved a motion to ask Chinese cement importer Juan Carlos Bolaños to lift the bank secrecy of his accounts. The motion would determine the fate of the funds granted to Bolaños by the Bank of Costa Rica. A recent report from the General Superintendence of Financial […]