Despite the complaint filed a year ago against the Superintendence of Telecommunications (SUTEL) by the Costa Rican Electricity Institute (ICE), because since the market opening in 2009 the institution has failed to define relevant markets and designate other major operators, this process remains unfinished. In the current scenario, ICE is the only dominant operator, which […]
Costa Rica News, Summarized in English and Linked to the Source
Orchid Expo is finally here!
The best exhibitors will be at the fourth edition of the Orchid Expo that will take place from September 2nd to 4th on the sixth floor of the parking lot tower of Clinica Biblica hospital in San José. One of the big attractions this time will be the famous and multiple award-winning “Black Orchid” (Fredclarkeara […]
Illegal drug trade punishment will remain the same
In the Supreme Court there are internal differences related to penalties for drug dealing and the application of alternative measures. Zarela Villanueva, president of the Supreme Court, declared that there are discrepancies about the possible change of penalties for these crimes and confirmed that there isn’t an institutionalized position so far. However, Legislators such as […]
Liquor retailers are asking for a change in the patent payment methodology
The Chamber of Retailers of Costa Rica along with other related Chambers, sent a missive to local governments asking for a new way to collect patents. They are backed up by the approval of the reform of article 10 of the 9047 Act, signed by the President of the Republic. This initiative will benefit them […]
Economists: “exchange rate will remain near 565 colones per day by the end of 2016″
Economists from Acobo Financial Group, anticipate that the exchange rate will remain near 565 colones per day by the end of 2016. Among the main factors are a lower dollar surplus and the increase in the demand for foreign exchange to meet the requirements of the non-bank public sector and the private sector (credits and imports). The […]
National Bank thieves are barricaded in Río Frío
Several of the men who attacked the National Bank branch located at Finca 6 Río Frío on Monday morning, are now barricaded in a house in the area. Carlos Hidalgo, a spokesman for the Ministry of Public Security, confirmed that some of the subjects who stormed in the bank branch and left two men injured, […]