The national debt would reach its maximum limit in 2023 when it reaches 68% of GDP, and from there it would stabilize. This was confirmed by Melvin Quirós, director of public credit, during the presentation of the country’s Debt Plan for the second half of the year. Quirós commented that from that year on, the […]
Archives for July 2019
The story of the Italian captain who might be missing in the country
An Italian captain is wanted by the Judicial Investigation Agency (OIJ) because it is believed that he might have arrived in Costa Rican territory. The 32-year-old man named Rocco Acocella went missing on June 17th, 2019 at sea. Acocella is a professional sailor and departed from the pier of San Martin Island, in sailboat named […]
New minimum for dollar price!
The dollar price started the week with the lowest price of the year in the wholesale Monex market: it closed the transfer at ¢ 574.7 per dollar. This price was last seen at the end of August last year, prior to the national strike against the fiscal plan. In banks, the price averages ¢581 in […]
Students announce more protests for this week
After a week of demonstrations in schools mainly in the North Zone of the country, student movements announced more protests that will not involve closures, but possible blockades. According to Eduard Miranda, founder of the National Student Resistance (RNE) and member of the Secondary Student Movement (MEDSE), from July 22nd to 29th, regionalized demonstrations will […]
Entrepreneurs: VAT would cause an increase of up to ₡8 per liter of fuel
The Chamber of Fuel Entrepreneurs reported on the scope of the application of Value Added Tax (VAT), after the Ministry of Finance notified about the obligation to tax the products distributed in the tax the 315 service stations in the national territory. Despite this, the business sector questioned that even the Public Services Regulatory Authority […]
President of the BCCR: “Economic growth is likely to be revised downwards”
This Monday afternoon, the Central Bank (BCCR) will review the main projections on the economy that it made in January for the 2019-2020 period. At that time, the economic growth projection was 3.2% for this year and 3% for the next. Throughout this year, most of the activities have not had the expected performance and […]