The credit dollar rate has increased consecutively in the last two weeks, due to a shortage of dollar liquidity, according to the Central Bank of Costa Rica (BCCR). The cash rate in dollars rose 2.06 percent on June 2, the highest increase so far. In total, it has grown 0.13 percentage points since five weeks […]

The Costa Rican Oil Refinery (RECOPE) has reported an operating loss of 6 billion of colones in 2015. The negative result was due to a decrease in oil sales by 2 pecent, while labor have increased, according to financial reports. RECOPE attributed the loss to an extraordinary benefit for a group of workers who retired last year. The company […]

Costa Rican authorities have requested the extradition of two Nicaraguan brothers allegedly responsible for killing a 12 year-old boy. The brothers Carmona Solis allegedly tied up the boy by the neck to a motorcycle and dragged him for about 1,970 feet. According to an autopsy the boy died of strangulation. When the attack happened, the boy was […]

President Luis Guillermo Solis asked to his neighbors in the Caribbean basin to be “more conscious and supportive” to the migration of Asians and Africans who travel across Central American countries on their route to the United States. In the seventh summit of the Association of Caribbean States (AEC for its acronym in Spanish), Solis […]

Justice Minister, Cecilia Sanchez, warned that parole benefits would be overruled if there are more repeat offenders. Sanchez sent a letter to inmates in which she calls them to live peacefully and meet responsibly the opportunity provided to them. The officer wrote on the letter that it is unfair to cancel a successful program by […]

The governments of Costa Rica and Panama agreed to exchange tax information during a bilateral meeting held in a summit of Caribbean countries, which took place over the weekend in La Havana. The president of Costa Rica, Luis Guillermo Solís and his counterpart from Panama, Juan Carlos Valera, also agreed to work together to address […]