Archives for August 2016

The Central Bank of Costa Rica (BCCR) will intervene the exchange rate due to “market imperfections” and they are using all the available methods to keep a low inflation. We have been able to choose the exchange-rate regime for 10 years and we have to consider the learning curve that the process entails, said President […]

An earthquake of 3 degrees on the Richter scale was felt in Valle Central on Thursday night. According to OVSICORI, the quake had a depth of 72 km and the epicenter was 0.6 km northwest of Guadalupe, Goicoechea. It was reported in San Vicente de Moravia and San Pedro de Montes de Oca. Currently, there […]

The fire that took place in Barrio San Cayetano on Thursday morning was classified as arson, due to the evidence on a video that recorded the event. Although so far authorities have received no complaint, the video recorded by a nearby security camera shows two men walking from the corner about 50 meters at 3:46 […]

Costa Rica has been alert to the constant migration of Africans, Cubans and Haitians who want to enter the country illegally. According to government data, 150 people arrive in the country every day. The Ministry of the Interior and Police informed that just in August, the Department of Immigration has rejected the entry of 239 […]

Within a week, the Ministry of Finance will present to the Commission on Financial Affairs of the Legislative Assembly the budget 2017, which must be approved by 30 November. In recent weeks, President Luis Guillermo Solís and the director of the Public Force, Juan José Andrade asked the legislators to accelerate the approval of Companies […]

The Regulatory Authority for Public Services (ARESEP) updated taxi rates based on the operating costs of that service. The new prices involve an increase of 5 colones on the amount of service startup, 30 colones for waiting for the person and 45 colones for delays. Each six months, ARESEP checks wage costs, fuel costs, exchange […]