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Excess crude worries oil producers

November 12, 2018 by Staff News Writer

On Sunday, the main oil producing countries called to adopt a “new strategy” based on an adjustment of production to deal with the imbalance between supply and demand in the market. At the end of a meeting in Abu Dhabi, oil producers indicated that they noted that in 2019 the production growth will be higher […]

Filed Under: News Reports

550 kilos of cocaine were seized after boat persecution

November 12, 2018 by Staff News Writer

In a joint effort, the Coast Guard of Costa Rica and the United States seized 550 kilos of cocaine in a boat that traveled nine miles from Moín, in Limón. On Saturday night and thanks to a work of police intelligence between both bodies of the Coast Guard, we began the pursuit of a boat […]

Filed Under: News Reports

National Development Plan will be presented on December 11th

November 12, 2018 by Staff News Writer

The government of Carlos Alvarado will present the National Development Plan (PND) on December 11th at the National Theater, according to Planning Minister, Pilar Garrido. The PND is the guiding framework for government action, its current validity extends from January 2015 to December 2018, when Alvarado will present the new document. The elaboration process is […]

Filed Under: News Reports

OIJ and Prosecutor’s Office condemn project that protects corruption assets

November 9, 2018 by Staff News Writer

The director of the Judicial Investigation Agency (OIJ), Walter Espinoza, and the Attorney General of the Republic, Emilia Navas, criticized the draft law of extinction of domain ruled by the Security and Drug Trafficking Commission. Some of the strongest objections were against the exclusion of corruption offenses within the new regulation, so there would be […]

Filed Under: News Reports

Drought will affect the country in the coming weeks

November 9, 2018 by Staff News Writer

The last weeks of the year, and until March 2019, will be marked by water shortages in Puntarenas and Guanacaste as a result of the El Niño phenomenon. The government authorities presented the Interinstitutional Contingency Plan, with a budget of ₡ 5.2 billion, to mitigate the effects of El Niño Southern Oscillation phenomenon that will […]

Filed Under: News Reports

Central Bank confirms that increase in exchange rate puts pressure on inflation

November 9, 2018 by Staff News Writer

Rodrigo Cubero, president of the Central Bank, confirmed the strong pressure exerted by the exchange rate in recent weeks that already affects the inflation goals of the Central Bank. The head of the entity confessed on Thursday that the expectations for a year term have been accelerating as a result of a more expensive dollar. […]

Filed Under: News Reports

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News Summary

U.S. President Orders Navy Task Force to Caribbean to Counter Venezuela Threat

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News Summary

Legislators approve moratorium for registration of shareholders

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Farmers will march to the Ministry of Agriculture

IMN warns of dangerous UV radiation this Friday

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