Archives for May 2016

The delay to complete a construction, makes the Judicial Power to spend ¢325 million more to update the construction plans. This money adds to the ¢222 millones already paid to make the blueprints in 1999. The design consists in three buildings of 114,829.4 square feet, which would rise at a plot in Hatillo 1. The […]

On May, 24th, at 21:45 a strong eruption on Turrialba volcano was reported. According to Blas Sanchez, there was an immense output of ash, and the seismic activity in the crater was quite high”. The Seismology Volcano Observatory (OVSICORI) of the National University (UNA) estimated that the ash cloud reached 3,500 meters above the volcano’s […]

The Ministry of Finance will have a tool to “absorb” all idle resources that institutions do not run within two years, and use them for the payment of the public debt. The Efficient Administration of Public Resources Bill is about to be approved by the legislature. This is one of the eight projects the executive […]

Walmart announced that will change contract conditions for 500 outsourced positions and will open up 1,000 new vacancies for its 185 stores and selling stations Palí and Maxipalí. Until now, Walmart would hire contracting agencies that provided outsourced workers. These employees would do a few hours work shifts at Walmart and afterwards would go to […]

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 […]

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 […]