With four votes in favor and three against, the Constitutional Court decided that the financial need to cover employees benefits justifies fuel price increases by the state oil refinery (RECOPE). The sentence invalidates a decision by the Public Services Regulatory Authority (ARESEP), which discounted 5 billion in personnel costs from estimation to justify a rise […]
Archives for June 13, 2016
Plan to surmount obstacles for 15 roadworks
If the Legislature approves a law to activate emergency mechanisms to implement roadworks in shorter terms, the obstacles tied to 15 major infrastructure projects will be removed immediately. The proposal by legislator Mario Redondo would authorize the Ministry of Public Works and Transport (MOPT) to resort to an emergency procedure referred to in Article 80 […]
Lowering lake levels in Rincón de la vieja
The increasing activity in Rincón de la Vieja volcano forced the experts to monitor the crater more frequently. Gino González, volcanologist from the Research Center in Geological Sciences (CICG), went to the top of the volcano for a new inspection, which revealed a five-meter decrease in the water levels of the lake in the crater, […]
Costa Rica rises emergency level due to African immigrants
On Friday, the Emergencies National Commission (CNE) declared yellow emergency in three regions of the country for providing assistance to hundreds of African migrants. Authorities are already assisting 800 African migrants. However, there are many more surviving with their own means. Poor sanitary conditions have already caused a migrant’s death for a breathing illness, and […]
Costa Rica pays extra to Paso Ancho viaduct’s contractor
Delays on expropriations of properties and public services relocation, have cost Costa Rica 324 million of colones, which will be credited to the contractor of Paso Ancho viaduct. The project’s original budget was $10 million (5.46 billion colones). The construction started in 2014 and the delivery date has been postponed for 9 months. The new […]
Economic activity slowed down for second month in a row
The economic activity index slowed down in April, registering a fall for the second consecutive month in 2016. However, it grew 4.7 percent compared to April 2015, according to a monthly report by Costa Rican Central Bank (BCCR). The slower growth pace was partly caused by a lesser commercial activity that has been decreasing for […]