During the last session of the year, national legislators approved three bills in the second reading. As of Thursday, they will go on vacations, after seven months of work. They approved bills 20.0997 and 20.096 on extradition and judicial assistance in criminal matters between Costa Rica and Italy, as well as 20.460 that reforms the […]
Industries oppose increase in CNFL rates
The Chamber of Industries rejected the rate increase requested by the National Power and Light Company (CNFL) for generation and distribution. The cost per kWh generated by the CNFL is ¢117, while the ICE can sell it at ¢52.6. According to the representatives of the industries, this difference is due to investments in which the […]
Exports grew despite adversities in 2018
At the end of November, Costa Rican exports increased by 7%, reaching $10.47 billion, and estimates show that 2018 will end with an approximate figure of $11 billion; thus maintaining the growth trend in exports in recent years. However, the performance of the definitive regime where most export companies are located causes concern in the […]
Government will ask a loan for drinking water projects in touristic areas
The Executive Branch will send ask the Legislative Assembly to approve a loan for $90.4 million to promote water sanitation in Jacó, Quepos, Golfito and Puntarenas. The loan was granted by the German bank KFW. The contract states that the cancellation period will be 20 years. The contract was signed on Thursday in the Presidency […]
Exchange rate goes up for the fourth consecutive day
Thursday marked the fourth consecutive day of increased exchange rate in the Foreign Currency Market (Monex), where wholesale transactions are traded. The price of a dollar rose ¢1.95, for a total ¢7.81 throughout the week. Last Tuesday and Wednesday the Central Bank also intervened in the exchange market with stabilization operations. In the banks, the […]
Poás Volcano shows constant activity
Poás volcano, located in Alajuela, erupted four times between Wednesday and Thursday. According to the Volcanological and Seismological Observatory of Costa Rica (OVSICORI), the first event was occurred at 1:20 p.m. on Wednesday, followed by another eruption at 7:30 p.m. On Thursday, the first eruption occurred at 1:26 a.m. and the second at 8:23 a.m. […]