Archives for June 21, 2019

With the reduction made by the Central Bank to the Monetary Policy Rate (MPR), this indicator reached levels not seen since November 2017. It went from 4.75% to 4.50% and became the third reduction to this indicator so far this year. In fact, in January, the indicator was at 5.25%. The measure responds to low […]

The cooperatives affiliated to the Chamber of Energy Distribution and Telecommunications Companies (Cedet) will increase electricity rates by 4% to families that are exempt from VAT, that is, those that consume less than 280 kw/h. About 73% of the families with the lowest incomes would suffer this surcharge , which would be charged after the […]

A power outage affected operations at APM Terminals in Limón on Thursday. Yesterday, at approximately 9:00 p.m., the Costa Rican Electricity Institute suffered a power outage in Limón that affected the operations of the TCM for about four hours. This has impacted the inflow of containers to the terminal,” said Kenneth Waugh, CEO of the […]

The Bank of Costa Rica (BCR) announced a 60-basis-point reduction in its interest rates for small or medium-sized businesses and from 50 to 80 basis points for housing. We are incorporating an attractive package for the different sectors, in support of the process of economic reactivation in the country, thanks to the recent measure promoted […]

In Costa Rica, it is necessary to have at least a bachelor’s degree to apply for 38% of the jobs that are available in the service sector. This includes university bachelors, graduates, masters or those who have a PhD. It is also necessary to have completed high school to opt for one of the available […]

According to the Ministry of Public Education (MEP), between 31% and 26% of officials were absent during June 18th and 19th due to strikes. The data reported by the 27 Regional Directoratess shows that on Tuesday there were reports of absences in 1,892 schools, which represents 35% of the total number of educational centers. These […]