Saturday 25 September 2021

CNP Hedging Future Growth on Exports

Paying the bills


Today’s Vehicle Restriction September 25: “EVEN” ending plates CANNOT circulate

QCOSTARICA - For today, Saturday, September 25, vehicles with...

Legislators to begin discussion on reducing the 2022 Marchamo this Monday

QCOSTARICA - The political fractions, except that of the...

No National Census in 2022!

QCOSTARICA - The Instituto Nacional de Estadística y Censos...

Seven drivers a day go to the Prosecutor’s Office for driving drunk

QCOSTARICA - Every day, seven drunk drivers are referred...

Costa Rica has the lowest inflation in the region

QCOSTARICA - Costa Rica registered the lowest inflation in...

11 benefits of e-learning

Whether you struggle to learn in a traditional educational...

Will Paul Chaplet ever fly the flag for Costa Rica on the PGA Tour?

Life comes at you fast when you’re a teen...
Paying the bills


The Fábrica Nacional de Licores (FANAL) is gearing up to export its products to Central America. This is not the first attempt, but one with a different strategy, under a management contract.

fotos-torre-destileria-21In 2011, the Consejo Nacional de Producción (CNP), tested the sale of its Cacique brand of guaro in Panama. William Barrantes, president of the CNP, admits the failure when its products re-entered Costa Rica a contraband.

Barrantes says the CNP does not have the internal staff to boost exports, for which it proposes transferring the administration of the CNP, thus it would no loner be under the shadow of the budgetary authority.

- Advertisement -

Under the plan, the CNP will be taking in bid from management companies through an international tender that closed in December.

Barrantes emphasized that the CNP will not be giving up control of the factory, just the administration of the FANAL, insisting that it is not a concession.

“This would give us greater possibility that the manager may invest unlike the way we can to generate profits and share them with the Costa Rican government. The best thing is that assets will not be sold, ” said Barrantes.

Recently, the Contraloría General de la República (General Accounting Office) issued a report on the financial projections of the CNP that shows a 20% to 25% increase in profits for the years 2014 and 2015. The Contraloría, in its report, felt that projections should be based on actual production.

Barrantes said that the financial growth of Costa Rican liquor factory will come, in part, from exports.

- Advertisement -
Paying the bills
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

[BLOG] Costa Rican Electric Company – General Maintenance Procedures

During my fifteen plus years of living in Costa Rica, I...

Heliport, Money and Weapons in Costa Rica

Following reports by residents of Las Asturias de Pococí about flyovers...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.