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Archives for December 22, 2016

Central Bank foresees lower trade deficit

December 22, 2016 by Staff News Writer

According to data published by the Central Bank, the trade balance of goods accumulated a deficit equivalent to 6.8% of Gross Domestic Product (GDP) in the third quarter of 2016. This figure is lower than a year earlier, when in the same period the difference between imports and exports recorded an internal deficit equivalent to […]

Filed Under: News Reports

Probel RM, S.A. is not related to the hair dyes smuggling

December 22, 2016 by Staff News Writer

The official importer of Probel RM, S.A. products is not related to the subject who tried to illegally enter hair dyes last weekend. The man, who was arrested by the Fronetras Police in La Cruz, was carrying a package of hair dye valued at ¢ 4 million. The man, who had neither permits to enter […]

Filed Under: News Reports

Costa Rican, credit-card debt amounts to 1 trillion colones

December 22, 2016 by Staff News Writer

According to data provided by the Ministry of Economy, until October 31st, Costa Rican, credit-card debt amounted to 1 trillion colones. This figure is equivalent to 3.34% of GDP and it is 21% higher than the figure shown last year. The average balance per card is 430,500 colones. Welmer Ramos, minister of Economy, believes that […]

Filed Under: News Reports

Central Bank announces macroeconomic program

December 22, 2016 by Staff News Writer

Despite having until the last day of January to present the macroeconomic program for the period 2017-2018, the Central Bank announced it on Wednesday afternoon. The document includes forecasts on the behavior of the main variables of the country, as inflation and output growth. It also specifies targets in monetary policy, and estimates on the […]

Filed Under: News Reports

Comptroller requests cancelling credentials of Matina’s Mayor

December 22, 2016 by Staff News Writer

On Wednesday, the Comptroller General of the Republic (CGR) decided to ask the Supreme Electoral Tribunal (TSE) to cancel the credentials of Matina’s Mayor, Elvis Lawson Villafuerte, and restrict him from holding public office for two years. The sanctioning body made the decision after holding him responsible for failing to file on time the municipal […]

Filed Under: News Reports

Basic rate rises in the last week of 2016

December 22, 2016 by Staff News Writer

The basic passive rate (TBP) rose for a second week and just one week before the end of 2016. The increase published yesterday by the Central Bank corresponds to 5 basis points compared to the figure from last week. At the current level, the rate is still at the lowest level in the last 8 […]

Filed Under: News Reports

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News Summary

U.S. President Orders Navy Task Force to Caribbean to Counter Venezuela Threat

Costa Rica Government Silent on Travel Ban with Just 13 Days Left

News Summary

Legislators approve moratorium for registration of shareholders

President confirms gasoline give away for ethanol pilot project

Chinese company sells low cost smart phones in Costa Rica

Search continues for small plane missing in Drake

Farmers will march to the Ministry of Agriculture

IMN warns of dangerous UV radiation this Friday

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