In June, the Government will have to explain to the Organization for Economic Co-operation and Development (OECD) the progress it has made in competition. Carlos Mora, deputy economy minister, said the government is still in time to deliver the text to the Congres, and explained that for the preparation of the bill, a working committee […]
Bilateral agreement with Germany will foster investments
The agreement to prevent double taxation between Costa Rica and Germany will help to improve businesses between the two countries and is expected to favor foreign investment. The document details the procedure tax authorities must follow to exchange information and the treatment of taxes in each country. The agreement follows the line established by the […]
Prolonged Turrialba eruption
Turrialba volcano erupted at around 11 in the morning of May, 18th and lasted for about 3 hours. Mauricio Mora, volcanologist of the National Seismological Network (RSN), reported the eruption lasted until 2:30 in the afternoon. A few hours later there was a significant decrease in the output of ash and steam from the volcano. […]
CICR estimates low inflation and stable exchange rate
The study “2016 Business Outlook and competitiveness factors for the industrial sector” indicates that the members of the Chamber of Industries of Costa Rica (CICR) expect a decline in inflation and an exchange rate without major variations. Regarding the Consumer Price Index (IPC), 45% of industrials did not want to issue estimates. According to Pedro […]
Men carried wild animals in their bags
Three youths who were in La Merced Park drew the attention of police officers due to their obvious nervousness. The officers believed they were carrying drugs. However, when checked, their bags contained a great variety of animals including 7 turtles, 2 iguanas, 3 black iguanas, 5 mice, 12 tarantulas and 1 boa. According to the […]
Thunderstorms will affect the country
Heavy rains and thunderstorms will be the order of the day across the country, this due to the influence of a low pressure system currently affecting the weather. The Pacific region will be one of the most affected, as heavy downpours are expected especially in the afternoon and extending into the night. diarioextra.com