Costa Rica has learned to recycle and it has also learned that those materials are an excellent business for the country. According PROCOMER (Promotora de Comercio Exterior), in 2015 the country exported $77 million worth of recyclables. $ 2.2 billion in plastic were sold to Hong Kong (37%) and China (14%). These two countries bought […]
Archives for May 25, 2016
Private bank pays higher interest rates in dollars
According to data from Banco Central, the rates paid by private banks in dollars are significantly higher than those of public banks. The difference could be due to a perception of lower risk in public banks, which reduces the cost of increasing the rates. This situation is reflected in the movements of the Effective Rate […]
Government changes rule that limited budgets
The administration of Luis Guillermo Solís wiped out a fiscal provision that subjected public institutions to justify increases in expenditures with a study of financial sustainability and solvency. The same government created this rule on March 2015. On last December, Solís signed an act that got rid of the provision that would have limited public […]