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Latin America Can Create Millions of Jobs With a Zero Emission Economy
The transition to a zero net carbon emissions economy by 2030 may allow the creation of millions of jobs in Latin America and the Caribbean, according to a new report by the Inter-American Development Bank (IDB) and the International...
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Value Added Tax for the Tourism Sector is suspended Until June 2021
Tourist services will not have to pay the 4% of Value Added Tax (VAT), after the approval in the second legislative debate of bill 21,934. Once it becomes effective, tax collection will be suspended until June 30, 2021. This...
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Costa Rica Declares Coffee as a National Symbol
The President of the Republic, Carlos Alvarado and the Ministers of Agriculture and Livestock, Renato Alvarado; of Education, Guiselle Cruz and of Culture and Youth, Sylvie Durán, sanctioned this past Tuesday at the Presidential Palace, Law No. 9815 that...
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Government Intends to Establish a “Coordinated Route Towards a Green Urban Economy”
In an alliance with local governments, the national administration will seek to promote a bill that aims to achieve an economic reactivation in the Greater Metropolitan Area, through a fiscal and policy reform that allows sustainable integral urban planning.The...
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With an Innovative Social Approach, a Tica Company Seeks to Positively Influence Nutrition in Central America
A social company with Costa Rican seal seeks to eradicate malnutrition in the country and transcend borders to bring its products to the Central American region and Haiti. This is "Nutrivida", which was born six years ago thanks to...
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The Central Bank of Costa Rica will put into Circulation New Banknotes of ₡ 20,000, ₡ 5,000 and ₡ 2,000 Printed on Polymer Substrate
The Central Bank of Costa Rica (BCCR) informed the National Financial System, commerce and the general public that, as agreed by the Board of Directors of the institution, during the next few months it will begin putting in to...
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Costa Rican Coffee Continues to Reach Three Continents Even in Times of Pandemic
America, Asia and Europe are the continents to which 5,000 Costa Rican coffee growers manage to export quality coffee, even in times of crisis as a result of the COVID-19 Pandemic. Practically between 50 to 60% is exported to...
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COVID-19 Questions the Benefits of a Globalized Economy
Since the fall of the Soviet Union in 1991, the concept of a global economy began to take hold, driven mainly by the United States. Markets were opened and brands expanded throughout the world, which increased consumption and exports
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The Central American Bank for Economic Integration Approves $ 300 Million to Costa Rica to Mitigate the Effects Caused by the Pandemic
In order to support the Republic of Costa Rica in mitigating the economic effects caused by COVID-19, strengthen its fiscal sustainability, maintain low-carbon its development plan and strengthen its macroeconomic stability, the Central American Bank for Economic Integration (CABEI...
Government Seeks to Cut Spending on Building Rentals and Software Licenses
The Executive Branch is working on an initiative that would imply the cut in administrative items for the rental of buildings and software licenses by the State, at least for the remainder of 2020
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Costa Rican Hotels Project 66% Occupancy for this July Vacations
Hotels in Costa Rica project an average occupancy rate of 66% during the mid-season holidays. This period is between...