The National Council of Supervision of the Financial System (CONASSIF), unanimously appointed the lawyer and administrator Rocío Aguilar Montoya as General Superintendent of Financial Institutions, for a period of five years, starting on March 1st, 2018. Aguilar was Comptroller General of the Republic from 2005 to 2012. Prior to that, she was Technical Secretary of […]
BCR profits decreased 30% in 2017
The profits of Banco de Costa Rica (BCR) amounted to ¢ 37,354 million at the end of 2017, 30% less than in 2016. The figure for earnings before estimates, contributions, and taxes was ¢73,509 million, also lower than the ¢85,535 million from the previous year. This was announced on Wednesday by the bank through a […]
Country receives approval from the OECD in insurance and complementary pensions
The Committee of Insurance and Private Pensions of the Organization for Economic Cooperation and Development (OECD) issued a favorable opinion for the accession of Costa Rica to said Organization. The decision was made after a technical review of the regulations in the insurance and private pension sectors (obligatory and voluntary supplementary regimes, both individually funded). […]
ICJ will issue sentence on Nicaragua this Friday
On Friday, the International Court of Justice (ICJ), based in The Hague, Netherlands, will read the sentences of three lawsuits filed by Costa Rica against Nicaragua. This was announced by Foreign Minister Manuel González, who said that these are three complex issues. The ICJ will have to define the amount of compensation that Nicaragua must […]
Piza’s subway would cost $950 million in initial phase
On Wednesday, Rodolfo Piza, his candidate for vice president Max Umaña, and his campaign team showed their proposals for the country’s infrastructure. The subway, the electric train, eliminating traffic jams and prioritizing the construction and expansion of some of the main roads in the country such as Route 27 or Florencio del Castillo are already […]
Camp trained junior rangers for the first time
A camp brought together children from three Osa schools to teach them about forest fire prevention, mammal monitoring, bird watching, and the importance of wetlands. The so-called Junior Park Ranger program seeks to encourage love and a sense of environmental protection in children. Through workshops, games and lectures, children were taught how to properly handle […]