The Daniel Oduber International Airport, located in Liberia, could have operational problems as of June 24th, warned the Air Traffic Controllers Union (Sitecna). Delays are expected in the attention of flights and temporary suspension of operation. Randall Vega, president of Sitecna, told CRHoy.com that since Friday the airport is only operating with six of the […]
Costa Rica News, Summarized in English and Linked to the Source
Monetary Policy Rate reaches levels not seen since 2017
With the reduction made by the Central Bank to the Monetary Policy Rate (MPR), this indicator reached levels not seen since November 2017. It went from 4.75% to 4.50% and became the third reduction to this indicator so far this year. In fact, in January, the indicator was at 5.25%. The measure responds to low […]
Cooperatives to raise 4% in electricity costs to families that will not pay VAT
The cooperatives affiliated to the Chamber of Energy Distribution and Telecommunications Companies (Cedet) will increase electricity rates by 4% to families that are exempt from VAT, that is, those that consume less than 280 kw/h. About 73% of the families with the lowest incomes would suffer this surcharge , which would be charged after the […]
Power outage affected operations at APM Terminals
A power outage affected operations at APM Terminals in Limón on Thursday. Yesterday, at approximately 9:00 p.m., the Costa Rican Electricity Institute suffered a power outage in Limón that affected the operations of the TCM for about four hours. This has impacted the inflow of containers to the terminal,” said Kenneth Waugh, CEO of the […]
BCR lowers interest rates for SMEs and housing
The Bank of Costa Rica (BCR) announced a 60-basis-point reduction in its interest rates for small or medium-sized businesses and from 50 to 80 basis points for housing. We are incorporating an attractive package for the different sectors, in support of the process of economic reactivation in the country, thanks to the recent measure promoted […]
38% of jobs require at least a bachelor’s degree
In Costa Rica, it is necessary to have at least a bachelor’s degree to apply for 38% of the jobs that are available in the service sector. This includes university bachelors, graduates, masters or those who have a PhD. It is also necessary to have completed high school to opt for one of the available […]