On Thursday, the Public Expenditure and Income Commission approved the motion for the National Roadway Council (CONAVI) to render accounts regarding the audit results on paved roadways. The petition was presented eight days ago and it was approved unanimously. Yorleny León, from National Liberation, promoted this accountability because the report of the Comptroller General of […]
Archives for November 2018
Strike in MEP is illegal because it affected student’s nutrition
The Labor Court of the Second Judicial Circuit of San José declared that the 81-day strike in the Ministry of Public Education (MEP) is illegal. Since it is not a peaceful movement, because it affects essential services such as the nutrition of students who depend on these services and the principles of reasonableness and proportionality […]
Chancellor and First Lady will go to inauguration of new president of Mexico
The Vice President and chancellor, Epsy Campbell, and the First Lady of the Republic, Claudia Dobles, will be the representatives of the government at the inauguration ceremony of the new president of Mexico, Andrés Manuel López Obrador, on December 1st. Since last week, the Minister of Communication, Juan Carlos Mendoza, had ruled out the presence […]
UCR: Consumer confidence fell to its lowest level in 16 years
Uncertainty about the approval of the fiscal reform and the general strike called by the unions are two of the main elements that led consumer confidence to its lowest level, according to the Statistical School of the University of Costa Rica. In November 2018, the consumer confidence index reached 28.2 on a scale of 100, […]
Central Bank: Treasury bills won’t have an inflationary effect
The issue and repayment of the Treasury Bills issued by the Central Bank in favor of the Ministry of Finance will not have an inflationary effect, that is, it will not cause an increase in prices, explained Eduardo Prado, manager of the Central Bank of Costa Rica. According to the hierarch, the expectation of a […]
What to expect from the exchange rate in the coming weeks?
The position of the Constitutional Chamber regarding the bill to Strengthen Public Finances (file 20.580) gave the economy a respite, since it reduced the uncertainty in families and companies. However, pressures on the foreign exchange market and interest rates will continue in the coming months due to the high financing required by the Ministry of […]