The Public Services Regulatory Authority (Aresep) rejected the request of the Costa Rican Petroleum Refinery (Recope) to set a price for the mixture of ethanol with super gasoline (called ECO95). In the presentation of its ordinary study, the refiner requested to establish a price of 613 colones per liter for the product. Recope’s initial intention […]
Archives for July 11, 2019
Rate in Dollars also decreased on Wednesday
This Wednesday, the Effective Rate in Dollars (TED) showed a decrease of 0.45 points, reaching one of the lowest levels of the year. Now it stands at 2.71%, while last week it was at 3.16%. This rate is used as a benchmark in the domestic market for foreign currency transactions. Like the Basic Rate in […]
Attention debtors! Basic passive rate in colones reduced in 0.65%
If you have debts in colones, pay attention, because the Central Bank reduced the Basic Passive Rate (TBP) in colones from 6.65% to 6%. The TBP is a weighted average of the rates used by financial entities to pay for deposits or savings in colones. The TBP is used by financial institutions to set the […]
Port services would generate 5,500 jobs
A study by the UCR revealed that promoting an increase in demand for port services could create more than 5,500 new jobs for the country and increase revenues by up to 1.86% of GDP. In evaluating the current and future capacity of ports to respond to the needs of economic development, it is obvious that […]
Exporting fruits is an opportunity for national growth
According to the Organization for Economic Cooperation and Development (OECD), exporting tropical fruits is an opportunity for growth in Costa Rica. The OECD report states that the country is using this potential through a link in export markets and the internal promotion of fruit trade, through farmer’s fairs, among other markets. In Costa Rica, exports […]