Four presidential candidates in favor of breaking fuel monopoly
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Four presidential candidates in favor of breaking fuel monopoly

L. Arias - July 31, 2017

Four of five presidential candidates who took part in a debate late last week said they would support breaking up the fuel monopoly held by the Costa Rican Oil Refinery…

Costa Rica enforces new methodology for calculating dollar exchange rate
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Costa Rica enforces new methodology for calculating dollar exchange rate

L. Arias - July 6, 2017

The Central Bank of Costa Rica (BCCR) has enforced a new methodology to calculate the reference exchange rate of the US dollar, and it has already showed…

Ombudsman’s Office opposes hikes in electricity rates for CNFL
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Ombudsman’s Office opposes hikes in electricity rates for CNFL

L. Arias - June 13, 2017

Officials from the Ombudsman's Office attended a public hearing at the Public Services Regulatory Authority (ARESEP) to voice their rejection of two hikes in electricity rates requested by…

Caja moves forward with raise in social security rate, but in two phases
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Caja moves forward with raise in social security rate, but in two phases

L. Arias - June 2, 2017

The Board of Directors of Costa Rica's Social Security System, or Caja, voted in favor of enforcing a 1 percent raise in the monthly salary deduction of all workers. The measure aims…

Costa Rica’s new international airport expected to open in 2027
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Costa Rica’s new international airport expected to open in 2027

L. Arias - June 1, 2017

Public Works and Transport (MOPT) Minister Carlos Villalta announced Wednesday that the construction of Costa Rica’s new Metropolitan International Airport will begin next year and that a…

Travel Alert: Route 32 to Limón to close for two days this week
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Travel Alert: Route 32 to Limón to close for two days this week

L. Arias - May 31, 2017

Route 32, the main road connecting the capital, San José, with the Caribbean province of Limón, will close for six hours both on Thursday and Friday. The Public…

Dollar exchange rate down following Central Bank’s intervention announcement
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Dollar exchange rate down following Central Bank’s intervention announcement

L. Arias - May 26, 2017

The Central Bank of Costa Rica (BCCR) will intervene in the foreign exchange market in order to curb the sustained hike in the exchange rate of the…

Workers’ unions deliver petition to reverse raise in Social Security rate
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Workers’ unions deliver petition to reverse raise in Social Security rate

L. Arias - May 22, 2017

A group of just over 100 public employees and workers’ unions members blocked the capital’s Second Avenue on Monday morning to demand that officials from the Social Security System, or…

Dollar exchange rate reaches highest price in seven years
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Dollar exchange rate reaches highest price in seven years

L. Arias - May 19, 2017

The exchange rate of the Costa Rican colón against the dollar reached ₡581.90 (to sell) and ₡569.26 (to buy) on Thursday, the highest since January 2010. The…

Workers’ unions to demonstrate against raise in Social Security rate
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Workers’ unions to demonstrate against raise in Social Security rate

L. Arias - May 16, 2017

Workers' unions will demonstrate next Monday in downtown San José to protest against the 1 percent increase in the amount deducted from salaries by Costa Rica's Social Security…

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