The Executive Branch will send ask the Legislative Assembly to approve a loan for $90.4 million to promote water sanitation in Jacó, Quepos, Golfito and Puntarenas. The loan was granted by the German bank KFW. The contract states that the cancellation period will be 20 years. The contract was signed on Thursday in the Presidency […]
Archives for December 2018
Exchange rate goes up for the fourth consecutive day
Thursday marked the fourth consecutive day of increased exchange rate in the Foreign Currency Market (Monex), where wholesale transactions are traded. The price of a dollar rose ¢1.95, for a total ¢7.81 throughout the week. Last Tuesday and Wednesday the Central Bank also intervened in the exchange market with stabilization operations. In the banks, the […]
Poás Volcano shows constant activity
Poás volcano, located in Alajuela, erupted four times between Wednesday and Thursday. According to the Volcanological and Seismological Observatory of Costa Rica (OVSICORI), the first event was occurred at 1:20 p.m. on Wednesday, followed by another eruption at 7:30 p.m. On Thursday, the first eruption occurred at 1:26 a.m. and the second at 8:23 a.m. […]
Costa Rican family sentenced to prison in the US for scams amounting to $3.5 million
Four Costa Ricans, including a mother and her two children, were sentenced to prison terms in the United States for participating in a criminal scheme to commit scams to the detriment of senior citizens for nearly $3.5 million. The sentence was handed down by the Northern District Court of the State of Georgia located in […]
Government denies cover-up of mercury contamination in Cutris
The Minister of Environment and Energy, Carlos Manuel Rodríguez, confirmed that he knew about the study of the National University (UNA) on the use of mercury in Crucitas de Cutris in San Carlos, released on Tuesday by the National Liberation Party (PLN). The authorities took a month analyzing everything that was revealed in that report. […]
Authorities confiscated more than 48,000 cosmetic products without health permits
This week the Police of Fiscal Control (PCF) and the Ministry of Health confiscated 48,203 units of cosmetic products from an importing company located in Zapote, for not having the permits. This is part of the actions of the Ministry of Finance to fight against tax evasion and improve tax collection. A citizen complaint prompted […]