Archives for June 2016

Costa Rica’s oil refinery (RECOPE) requested authorization to increase gas and diesel prices, for what would be the third rise of 2016. If the request is approved, a super gas liter would go up from ¢518 to ¢602; regular gas would increase from ¢498 to ¢568/l; and diesel cost would rise from ¢380 to ¢450/l. […]

Since last week, there have been 28 more Zika cases for a total of 98 people infected in Costa Rica. According to an official report updated on June, 8th, there were 63 cases located in Garabito district, in Puntarenas province. The health ministry has sent 50 sanitary workers to contain the disease in this area. […]

The price of vehicular technical revisions (RITEVE) will increase by 1,000 colones, in order to finance a new kind of vehicle emissions test. The cost for a technical revision for a standard vehicle on average will reach to 10,390 colones. According to deputy minister of transportation, Sebastián Urbina the revision fee for standard vehicles will […]

Costa Rica adds $2 more into its departure tax . The contribution will go to the Animal Health National Service (SENASA). The new fee was approved on May, 25th and will come into effect within two months. The departure tax from Costa Rica already includes a $27 exit fee and a $2 contribution for plants […]

The higher dollar demand to import raw materials, specially oil, is one of the main reasons to understand recent dollar exchange rate increases, according to officials and analysts. Since May, 30th, the dollar exchange value has risen 4,91 colones reaching 545,48 colones per dollar on Thursday. The public sector has had to spend more dollars […]

Finance minister, Helio Fallas, said that if the Congress approves the Value-Added Tax (VAT) in August, the government would receive two loans for a total of $1 billion. The VAT approval would be a condition set by the World Bank and Inter-American Development Bank to lend funds on conditions of low-interest rates and long-term payment. […]