Archives for June 22, 2016

In May fiscal deficit decreased 86 thousand million colones without a tax reform. The Ministry of Finance informed that the cumulative amount is 1,9% of the GDP, which is equal to 587 thousand million. diarioextra.com

Costa Rica’s inclusion in the Pacific Alliance (AP) divided the national productive sector. Industrials and exporters are in favor, whereas agricultural producers and exporters are against it. The AP is more than a trade agreement, because one of its ambitious goals is to build an area of deep integration towards the free movement of goods, […]

The government drafted a bill that aims to reduce future special scheme pensions of and raise the retirement age. The idea behind the proposal is to calculate the amount of the retirement pension based on 80% of the average of the top 12 salaries for the last two years. Currently, the calculation is made on […]

The Food and Agriculture Organization explained that an increase in the intensity and frequency of droughts in the Caribbean is expected due to climate change. Therefore, countries must improve their ability to cope with this and other problems related to climate, to ensure food and security for the population. The Caribbean faces significant challenges in […]

Costa Rica exports reached $4,124 million in the first quarter of the year, 7% higher compared to the same period last year. The analysis of this result show that free zone exports increased by 13%. The areas with the highest growth rate were industry, with 9% and agriculture with 3%. However, livestock and fishery fell […]