Wednesday marked the third consecutive day of a decreased exchange rate in the Foreign Currency Market (MONEX), where the wholesale operations are quoted. At noon, the average exchange rate was around ¢ 600.05, which means the price of the currency dropped ¢9 that it had accumulated the previous week. According to economists consulted by CRHoy, […]
Archives for November 2018
Government guarantees budget for 2019
With 48 votes in favor, the legislators approved in second reading the ordinary budget of the Republic for the fiscal year 2019, for 10.9 billion colones. This spending plan was processed under the file 20,964 of the ordinary and extraordinary budget. Last week, the first reading was held, with the support of 40 legislators and […]
Two legislators delay the final report of the Attorney General’s office on the case against Solís
Two legislators delay the final report of the Special Legislative Commission that investigated the case of the report of the Public Ethics Office (PEP) where the then president of the Republic, Luis Guillermo Solís, was exempted from lack of integrity in the case of Chinese cement and that arrived at the wrong time for legislators […]
Public employees will go on vacation on December 21st and return on January 7th
The employees of the public sector will go on vacation from December 21st and won’t go back to work until January 7th, 2019, according to the Presidential House. On Tuesday, the Council approved the directive that establishes the closing of the institutions of the central government and attached organs, autonomous institutions and public companies of […]
Deficit of the trade balance increased in 2017
According to the National Institute of Statistics and Census (INEC), in 2017 the commercial balance was $10.9 billion in exports and $16.7 billion in imports, for a deficit result of $5.8 billion, compared to the $240 million of deficit in 2016. In one year exports grew by 3.8% and 3.9%, respectively, according to the final […]
Legislators ask Campbell’s resignation after resolution of the Attorney General’s Office
Four legislators from different parties are calling for the resignation or dismissal of Epsy Campbell as chancellor of the Republic, after the resolution of the Attorney General’s Office (PGR) on the appointments made by Campbell in various positions. This Tuesday, CRHoy announced that through resolution OJ-115-2018 the PGR determined that the appointments made by Campbell […]