El Observador Newspaper
An increase in the dollar? Exchange rate rises to ¢535 in Foreign Currency Market [in Spanish: Monex], and up to ¢543 in banks
Analysts are of the opinion that, although the exchange rate is increasing, they consider it unlikely that the exchange rate will exceed ¢600.
See:
https://observador.cr/dolar-al-alza-tipo-de-cambio-sube-a-535-en-monex-y-hasta-543-en-bancos/
CR Hoy Newspaper
An increase in gasoline prices accelerated inflation in May
According to the Consumer Price Index, (CPI), [in Spanish: el Índice de Precios al Consumidor], (IPC), the increase in gasoline prices fueled inflation. Consequently, it is the second consecutive month that the aforementioned indicator has risen. It also contributed to an increase in the price of new vehicles and airline tickets.
See:
https://www.crhoy.com/economia/alza-en-precio-de-la-gasolina-acelero-la-inflacion-en-mayo/
A return to the “Rice Road Plan”: What do producers and importers expect?
The Court of Appeals for Contentious Administrative Matters, [in Spanish: el Tribunal de Apelaciones de lo Contencioso Administrativo], ordered the reinstatement of the “Rice Road Plan”, which reinstates the suspended decree, and therefore, keeps in check a reduction in the tariff rate on rice imports. The National Rice Corporation, [in Spanish: la Corporación Arrocera Nacional], (Conarroz), warns that the reinstatement of the “Rice Road Plan” will negatively impact rice producers in terms of their productive activity and the employment that is created. Moreover, they doubt it will manage to reduce grain prices for consumers.
See:
https://www.crhoy.com/retorno-a-la-ruta-del-arroz-que-esperan-productores-e-importadores/
El Financiero Newspaper
Measures to process payment arrangements could extend to the Costa Rican Social Security Fund [in Spanish: Caja Costarricense de Seguro Social]
Delinquent employers or workers who benefit from a series of measures to perform their payment arrangements on a transitional basis are now about to become permanently integrated into the system, owing to a proposed reform which was approved by a Governing Committee, and is about to be published in the Official Gazette for public consultation. Meanwhile, the transitional measures have been extended until July 31.
See:
https://www.larepublica/medidas-para-tramitar-arreglos-de-pago-podrian-extenderse-en-la-caja
How complex is it to invest in Costa Rica? Update of global index puts the country in a better position
Costa Rica improved its rating in the 2024 Global Business Complexity Index [in Spanish: el Índice Global de Complejidad Corporativa]. The country fell six spots, closing in on the group of nations that are less complex. As attested by Adrián Owen, director of the TMF Group of Central America, with Costa Rica joining the OECD it have effectively opened its doors for working with many other countries and companies in a safer and more transparent manner.
See:
https://www.elfinancierocr.com/economia-y-politica/que-tan-complejo-es-invertir-en-costa-rica/
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