Economic estimates and projections from the Central Bank do not expect the approval of a tax reform in 2017, as stated in the report of the Macroeconomic Program 2017-2018. In the absence of the reforms proposed for current sales and income taxes, the central government’s financial deficit would reach the equivalent to 6% of gross […]
Costa Rica News, Summarized in English and Linked to the Source
Inflation well below the target range at the end of 2016
According to estimates by the Consumer Price Index and the authorities of the Central Bank, the inflation at the end of 2016 will be 0.7%, well below the announced target for this year (between 2% and 4%). Olivier Castro, president of the Central Bank, believes that reducing the growth in prices has been a gradual […]
National Route 1856 works won’t be finished this year
National Route 1856, known as border shortcut didn’t have tangible progress in its restoration this year. Luis Guillermo Solís’ government promised to end the work that the administration of Laura Chinchilla Miranda (2010-2014) didn’t finish. However, to date, the state of the project makes it easy to predict that it will be impossible and the […]
Costa Rica underwent radiological safety assessment
Costa Rica became the fifth Latin American country to undergo a voluntary assessment of occupational radiation protection, made by the International Atomic Energy Agency (IAEA). The aim is to assess the security measures that protect those workers in the country who are exposed to radioactive sources. Following the results, Costa Rica was ratified as one […]
Groups linked to drug trafficking used subsidized fuel
Groups linked to drug trafficking and illegal fishing used, in recent years, fuel subsidized by the state to commit crimes. Given the legal complexity to suspend the supply in these cases, the Costa Rican Institute of Fishing and Aquaculture (INCOPESCA) is studying, along with the Public Ministry, mechanisms to suspend the subsidy to suspicious vessels. […]
Costa Rican helicopter confiscated in northern Guatemala
On Thursday, the Costa Rican Police reported that a Guatemalan antinarcotics agents seized a Costa Rican registered helicopter that was to be transported on the platform of a four wheel vehicle in the north of the country, an area affected by drug trafficking. The spokesman of the organization, Jorge Aguilar, told reporters that this is […]