On June, 23th, the UK will decide whether or not to leave the European Union. This process is known as Brexit (British Exit). Although it may seem somewhat distant, this decision may have direct consequences on Costa Rica. According to the economist Thelmo Vargas, if the UK left the EU, dynamism will be lost and […]
Archives for June 2016
Business closures will drain $140 million from banks
According to Francisco Ovares, president of the Institute of Chartered Accountants, the red figures in the financial statements of some companies could lower banks’ profits in $ 140 million. Ovares said the issue has been analyzed by the Superintendent of Financial Institutions (SUGEF) and used Yanber and Coopeaserrí as examples of companies that face financial […]
Rising trend of raw materials’ prices threatens Costa Rica
The rising trend of raw materials’ international prices threatens the production costs for Costa Rican companies that produce chicken, eggs, pork and milk. These markets are facing volatility. Some of the prices fell last week, but the first half of 2016 has seen a generally upward trend: the cost of corn production rose 13%, and […]
Abelino Esquivel criticized reactions to Orlando shooting
Abelino Esquivel, legislator for the party Renovación Costarricense, criticized the fact that groups and activists have not condemned other terrorist attacks in the world as they did with last week’s Orlando shooting. It is strange that some groups and individuals who ask for a cease of violence have not reacted the same way with other […]
ESPH will implement electronic invoice system
Empresa de Servicios Públicos de Heredia (ESPH) was selected by the Ministry of Finance for the development, implementation and operation of an electronic invoice system, to begin in January 2017. ESPH and another specialized company will develop the software and will use a technology platform to generate an electronic voucher per every purchase made in […]
The CCSS will have specialists by 2020
A special plan to increase the number of specialists in the medical centers of the Costa Rican Department of Social Security (CCSS) would be developed in a week and a half, but the results won’t be seen until 2020. According to Mario Devandas, member of CCSS’ board, anesthetists, cardiologists, orthopedic specialists and radiologists are the […]