$60 Million in Expenses for Elections in Costa RicaWednesday, June 10, 2009 The sum of the expenses of the four main political parties in Costa Rica for the elections of February 2010 reached $45 million. El Partido Liberación Nacional (PLN) spent $17 million and the Partido Unidad Social Cristiana (PUSC) reached $14 million while the Partido Acción Ciudadana (PAC) budget was almost $10 million. The election-related expenses for Alianza Patriótica was $5.6 million. Banking / Tax Secrecy and Political PartiesMonday, November 16, 2015 If there are doubts about the management of money of political parties in Costa Rica, the banking and tax secrecy of donors and suppliers will be lifted. An article on Nacion.com reports that "... The Supreme Electoral Tribunal (TSE) will lift banking and tax secrecy for donors to political parties in order to verify their economic solvency, in light of suspicions about the origin of their resources. Costa Rica: Tax Reform in Election SpeechesMonday, September 30, 2013 The main political parties running in the upcoming presidential and legislative election point to the need for tax reform. Johnny Araya, candidate for the Partido Liberación Nacional, believes what should be done is to "create a National Tax Agency (NTA), to improve collection, as a decentralized agency of the Treasury, with a special procurement regime. Costa Rica: $36 million Less for Political PartiesTuesday, October 1, 2013 A law has been ratified which reduces from $86 million to $50 million the amount that the State intends to use to finance campaign spending. Nacion.com reports: "The plan reduces from 0.19% to 0.11% of the gross domestic product (GDP) recorded two years before the election, the amount that the state will allocate to finance expenses incurred by the parties from Wednesday until February 2. " Labour Legislation in the Food IndustryFriday, January 18, 2013 The Costa Rican Chamber for the Food Industry has published a guide to compliance with labor laws in Costa Rica. A statement from the Costa Rican Chamber of Food Industry (CACIA) reads: Results of the Elections in Costa RicaMonday, February 8, 2010 Laura Chinchilla, from “Liberación Nacional”, the party in power, was elected as president for the 2010-2014 term. Chinchilla obtained 46.8% of the casted votes, followed by Ottón Solís with 25.1%. However, Costa Ricans didn’t favored Chinchilla so much in the Legislative Assembly, as her party obtained 23 seats out of a total 57. In her acceptance speech, Chinchilla anticipated that “her goal is now clear: negotiating with the rest of the participants”. Costa Rica adopts new law on intellectual property rightsTuesday, July 8, 2008 Costa Rica has passed a new intellectual property law, in keeping with its membership of Cafta, the free trade accord between Central America and the United States. The new law was passed by Congress on a second reading. It strengthens Costa Rican legislation on intellectual property rights. Costa Rica removes 35 percent tariff on chicken imports for processorsFriday, May 23, 2008 Costa Rica's government agreed with the food-processing industry to abolish its 35 percent tariff on imports of mechanically deboned chicken. Mario Montero, executive director of the Costa Rican Food Industry Chamber (Comex) described the measure as an important victory in Comex's campaign to improve access to raw materials on world markets. European Union hints at sweet deal on tradeFriday, April 18, 2008 The European Union might be willing to apply trade concessions to Central America under the enhanced Generalized System of Preferences (GSP-Plus), giving the region the equivalent of most-favored nation status. The possibility arose during talks between the two blocs. Rupert Schlegelmilch, the EU's chief trade negotiator, told reporters that he well understood Central America's wish to apply GSP-Plus, which is designed for the world's most vulnerable nations. Costa Rica: Public Salaries Under the SpotlightFriday, December 6, 2013 Entrepreneurs and ALL presidential candidates agree on the need to eliminate privileges and unfair wage abuses in the public sector. "On this point the five candidates that top the polls agreed during a debate organized by the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP)," reported an article in Ameliarueda.com. Channel Opened to Chinese Investment in Costa RicaWednesday, October 28, 2015 Approval of the investment protection agreement between the two countries would facilitate installation in the country of 18 Chinese companies who have shown interest in setting up here. The delay in approving the law approving the agreement for the promotion and protection of investments between China and Costa Rica was the main reason for the non-realization of the plans of six companies that intended to invest in the country, according to Minister of Foreign Trade Alexander Mora. These companies are part of an initial list of eighteen Chinese companies who have been in negotiations for more than a year. Limits on Funding of Political Parties with BondsFriday, November 22, 2013 In Costa Rica the Constitutional Court has limited the sale of debt bonds to the media and individuals. According to Judge Fernando Castillo, this statement will bring transparency to a means through which political parties are funded and allow control in the act of making donations and providing services during the electoral process. No More Fiscal Embargos Without A Court OrderWednesday, September 9, 2015 In Costa Rica the bill against tax fraud has removed the power of the tax authorities to collect and put in place embargoes through an administrative decision. Instead, members of the ruling party will support the proposal that tax debts be resolved in the courts, "... as the Ministry of Finance negotiated with representatives of the National Liberation Front party (PLN), Social Unit Cristian Party (PUSC) and the Libertarian Movement Party. Central American Integration is a Matter of Political WillTuesday, October 8, 2013 Political parties are not interested in the subject because it is not profitable electorally or because they believe their country will lose sovereignty. So says Richard Aitkenhead, president of Grupo Inversiones y Desarrollo de Centroamérica (IDC) during a meeting organized under the framework of the Second Support Program for Regional Integration (PAIRCA II).
BUSINESS OPPORTUNITY
Tender for $5 Million in Water Tanker Truck RentalsMonday, June 28, 2021 The Instituto Costarricense de Acueductos y Alcantarillados tenders potable water delivery services on demand via tanker truck rental, which will be distributed nationwide. Costa Rican Government Purchase 2021LN-000007-0021400001: |
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