The Central Bank of Costa Rica intervened in the exchange market on Wednesday by selling $31.15 million to stabilize the exchange rate in the face of an increase in the demand for foreign exchange. According to data from the Foreign Currency Market (MONEX) said amount is equivalent to 95% of the traded total, and the […]
Unions await news about possible meeting with legislators
Frente Amplio legislator José María Villalta talked with his colleagues in the Plenary while representatives of the Union waited for him in his office, located on the second floor of the Sion building. As indicated by the trade union representatives, they wanted Villalta to give them news about a possible meeting with the heads of […]
Strike in the Social Protection Board is illegal
The Social Protection Board (JPS) is the sixth public institution in which the strike called by the unions against the tax reform was declared illegal. This was resolved by the judge of the Labor Court of the First Judicial Circuit of San José, Siany Barboza. On September 26th, the judge determined the strike violates two […]
CNP will reduce salary of workers who joined the strike
The executive president of the National Production Council (CNP), Rogis Bermúdez, requested the prompt reduction of salaries for the officials of the institution who joined the strike that began on September 10th. The petition was filed this Wednesday by Bermúdez to the director of Human Resources, Boris Fletcher, after the Labor Court of the First […]
Central Bank gave ¢498 billion to the Treasury
On Tuesday night, Rodrigo Cubero, President of the Central Bank of Costa Rica (BCCR), and Minister of Finance Rocío Aguilar announced they will issue Treasury Bills for ¢498 billion to bring resources to the government. This is a controversial measure that has a direct impact on inflation. The Treasury Bills are a debt instrument consisting […]
Legislator denounces cooperatives were paid to lobby on tax plan
Maria Inés Solís, from the Christian Social Unity Party (PUSC), expressed her discomfort when she learned about a letter sent by Rodolfo Navas, general manager of Cenecoop to Erick Salazar, manager of Conelecicas, where he requested a contribution of ₡5 million to fight the bill to strengthen public finances, specifically a motion for cooperatives to […]