The agricultural sector grouped in the National Agricultural Alliance (ANA) sent a letter to President Luis Guillermo Solís expressing its opposition to the inclusion of Costa Rica in the Pacific Alliance. ANA also stated its separation from the Business Council of the Pacific Alliance (CEAP), a group made up of nine chamber sectors: industrial, export, […]

The Central Bank of Costa Rica (BCCR) decided to gradually reduce trading hours in the wholesale market known as Monex. The reduction is from seven and a half hours to three hours per day. This procedure will be completed before the end of this year. The first reduction of an hour and a half, will […]

The tax returns from accountants, lawyers, doctors, exporters, bars and producers had many inconsistencies and the Ministry of Finance found differences between the declared tax amount and the actual amount. At the end, the recovery reached ¢ 304 million between unpaid taxes, interest and penalties. This is the result of the first 300 analyzed cases […]

US capital company Edwards Lifesciences, heart valves producer, will invest $ 10 million to resume its operations in Costa Rica. The California-based company plans to hire 150 people in the country to begin the production of heart valves, but they expect that number to double by the end 2017. Their operations will start in La […]

The Government of Costa Rica announced its return to the Central American Integration System (SICA), after member countries committed to work on strengthening a “serious, robust and transparent” integration system. One of the conditions of the return was a report with staff salaries and income from all SICA units. Costa Rica stepped away from the […]

February 2016 marked one year since the Legislature approved the loan with the Bank of Exports and Imports of China (Eximbank) to extend route 32. But the roadworks have not started and the funds have not been allocated. This impasse could become a new obstacle for the government, since the loan agreement between the Treasury […]