Inflation, estimated with the Consumer Price Index (CPI), will close 2016 below 1.3%; a figure that is far from the goal of the Central Bank (3%). This is the forecast given by the Institute for Research in Economics (ICSI) at the University of Costa Rica on Tuesday. The Central Bank has reiterated that the set […]
Costa Rica News, Summarized in English and Linked to the Source
Government allocates 375 million to eradicate child labor
With the clear aim of integrating minors within the educational system and eliminating child labor, the government increased the budget for education in 375 million colones for 2017. This money, to be disbursed by the Fund for Social Development and Family Allowances (FODESAF) will be delivered through subsidies for those under 18 who are in […]
Business expectations are low
Business expectations for the fourth quarter of 2016 show a slight improvement, but they are located at the lowest level in the last 7 years. According to estimation from the Institute for Research in Economics (ICSI) from the University of Costa Rica, index rose 1 percentual point but it is the lowest figure since 2010. […]
Vehicle restrictions will apply normally on Wednesday
The vehicle restrictions for the ones with plate numbers ending in 5 and 6 will apply normally on Wednesday October 12th. The change of the Day of Cultures from October 12th to Monday 17th, implies that the restriction will also move to that day. The plate number restriction applies in San José, taking into account […]
Alleged terrorist wanted to smuggle drugs from Costa Rica
Two men were arrested last week in Miami, United States, under the suspicion of money laundering for a Colombian cartel. In addition, it is presumed that they are linked to the terrorist group Hezbollah in the Middle East, according to a publication in the New Herald. During the investigation, the agents realized that one of […]
Drug ring’s contacts were managed from La Reforma
The group of drug traffickers dismantled on October 11th by the Drug Control Police (PCD) used to make their contacts through an inmate who is in La Reforma prison. This was confirmed by Gustavo Mata, Minister of Security, who explained that a man known as “Cali” was responsible for creating connections with other criminal groups […]