• Costa Rica Coffee Guide

Costa Rican lawmakers approve Euro bonds bill in first-round voting

July 31, 2012

Tuesday’s session in the Legislative Assembly resulted in first-round passage of a bill that would allow the government to sell up to $4 billion in Euro bonds. Also, prompted by a large demonstration by farmers outside the assembly, lawmakers also agreed to prioritize a bill that would assign a lower property tax to land dedicated to farming and agriculture.

The Euro bonds bill was the last of a three-bill legislative package submitted by the administration of President Laura Chinchilla following the recent failure of a plan for fiscal reform, which had been central to the administration’s efforts to reign in the deficit. Two other bills, one on fiscal transparency and another that called for more efficient tax management, were approved Monday night in a first round of voting.

Earlier on Tuesday, thousands of Costa Rican farmers marched in the capital to demand reform of “a disproportionate property tax” they said would bring the sector to financial ruin. Farmers said property used for agriculture and located near areas of high tourism or real estate development would be overvalued under a new property tax system.

You may be interested

Costa Rica seeks to accelerate vaccination rate with AstraZeneca
Costa Rica
1 views
Costa Rica
1 views

Costa Rica seeks to accelerate vaccination rate with AstraZeneca

AFP - April 20, 2021

Costa Rica on Monday began to apply the AstraZeneca vaccine by first inoculating its Minister of Health, at a time…

Bello Horizonte retirement home gives the elderly a new lease on life
Sponsored content
29 views
Sponsored content
29 views

Bello Horizonte retirement home gives the elderly a new lease on life

Karl Kahler - April 20, 2021

Setting a new standard for retirement homes in Costa Rica, the brand-new Bello Horizonte Hotel & Apartments in downtown San…

Costa Rica begins AstraZeneca vaccine injections
Costa Rica
20 views
Costa Rica
20 views

Costa Rica begins AstraZeneca vaccine injections

Alejandro Zúñiga - April 19, 2021

Costa Rica on Monday began inoculating citizens and residents against Covid-19 using the AstraZeneca vaccine. At a ceremony, several Costa…