Banana and pineapple plantations companies are considering leaving Costa Rica to produce in cheaper destinations such as Colombia, according to their statements in a forum on competitiveness conducted by the Chamber of Exporters (CADEXCO). The transnational companies feel that the country has become very expensive relative to other economies. The Colombian government, on the other […]
Archives for July 1, 2016
Agriculture takes stance against Pacific Alliance
The agricultural sector grouped in the National Agricultural Alliance (ANA) sent a letter to President Luis Guillermo Solís expressing its opposition to the inclusion of Costa Rica in the Pacific Alliance. ANA also stated its separation from the Business Council of the Pacific Alliance (CEAP), a group made up of nine chamber sectors: industrial, export, […]
New schedule to buy dollars in Monex
The Central Bank of Costa Rica (BCCR) decided to gradually reduce trading hours in the wholesale market known as Monex. The reduction is from seven and a half hours to three hours per day. This procedure will be completed before the end of this year. The first reduction of an hour and a half, will […]
Drug traffickers sentenced to 8 years in prison
On June 30th, Limón’s Criminal Court condemned six men and three women for drug trafficking. All of them were sentenced to eight years in prison. They were under extreme security measures. These people were members of a gang known as La Luisa, which sold marijuana and cocaine in a house and a bunker in Quinto […]
Accountants, lawyers and doctors caught on tax evasion
The tax returns from accountants, lawyers, doctors, exporters, bars and producers had many inconsistencies and the Ministry of Finance found differences between the declared tax amount and the actual amount. At the end, the recovery reached ¢ 304 million between unpaid taxes, interest and penalties. This is the result of the first 300 analyzed cases […]
Medical devices’ Company returns to Costa Rica
US capital company Edwards Lifesciences, heart valves producer, will invest $ 10 million to resume its operations in Costa Rica. The California-based company plans to hire 150 people in the country to begin the production of heart valves, but they expect that number to double by the end 2017. Their operations will start in La […]