The dynamism of the export sector made it possible to cushion the economic impact of the pandemic, which led to a projected fall of 4.5% in GDP in 2020.
RECOPE's ongoing fuel-setting requests led citizen group “Ya no más RECOPE" (No more RECOPE) to call for a public demonstration to request for the opening of the fuel distribution market in Costa Rica.
The first fuel price adjustment should have been approved by Oct. 28, while the one filed last week should have been ready within the next two weeks; however, there's no telling how long the process will now take.
Prices of premium and regular unleaded gasoline will drop by ₡24 and ₡22 per liter respectively this week, thanks to a new fuel price setting approved by the Public Services Regulatory Authority (ARESEP).
Business chambers, citizens and lawmakers asked the Supreme Court to overturn a ruling allowing RECOPE to include costs of non-salary perks in fuel prices.
RECOPE President Sara Salazar told reporters that the Chinese-Costa Rican joint-venture cost the Costa Rican government ₡33 billion — more than $61 million — with nothing to show for the effort.
