Archives for December 22, 2016

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]