Archives for February 2014

AyA (Aqueducts and Sewers) has announced that it will retain exclusive control over a water well in Playa Portero, after a judge in an administrative court ordered that police assist the state agency in taking possession of the well. Representatives for the agency have said they will begin making improvements, and hope to provide quality […]

A total of 260 police officers and emergency workers will be on the street this morning to deal with a protest of public employees, planned to start between 9am and 10am. According to information provided by the unions, the march will start at Parque La Merced and continue to the Ministry of Finance. A total […]

Authorities of the Central Bank of Costa Rica (BCCR) injected $31 million in U.S. dollars into the currency market on Monday as the cost of buying dollars (relative to colones) on the Monex market rose from 537.87 to 542.12 colones. The move comes after the Central Bank injected $4.9 million on January 29th. According to […]

In an effort to ease the collection of a $5 land border tax, four ATMs have bee placed at Peñas Blancas, Paso Canoas, Sixaola and Sabalito. The machines are equipped with a system for paying the tax electronically. The Banco Credito Agricola de Cartago is responsible for the collection of tax, which went into effect […]

An increase to the value of the dollar will favor the creation of new jobs, and improves the economic situation of many companies. However, it hurts companies that import goods, which will have to increase prices in order to replenish their inventories. Those in the tourism sector are happy to see higher dollar prices as […]

The Costa Rican government hopes that the International Court of Justice (ICJ) will set the maritime border between Costa Rica and Nicaragua. The announcement came on Monday from Foreign Minister Enrique Castillo, who was accompanied by president, Laura Chinchilla as the country prepares to file the case with the ICJ. At issue is an area […]