On Wednesday, the National Ombudsman (Defensoría de los Habitantes) wrote a letter to judiciary, calling for the suspension of Francisco Segura, as director of the Judicial Investigation Organization (OIJ). The move comes as part of the review into a judicial investigation of a journalist and resulted in the warrentless search of cell phone records. In […]
Archives for January 2014
Central Bank has $7.2 billion in reserves to prevent steep rise in dollar
The Central Bank (BCCR) made it clear on Thursday that it has enough dollar reserves to keep the price of foreign exchange in check. BCCR announced that on Wednesday it had injected $5 million into the currency market and that total reserves exceed $7.2 billion. Asked about the impact of this intervention, economist Norberto Zúñiga […]
Broadcasters prepare for race to declare president on Sunday
Repretel, Teletica, Channel 9 and Channel 13 Sinart will begin broadcasting coverage of the 2014 Presidential Election in Costa Rica, starting in the early morning on Sunday and continuing until polls indicate which candidate is first to capture the required 40 percent of the popular vote. Source La Nacion
Bishop prays that candidates stay away from temptation
San Jose Archbishop Jose Rafael Quiros, prayed yesterday at a 3pm Mass, at the Metropolitan Cathedral, asking that those who aspire to the Presidency stay away from temptations. The bishop prayed that the faithful seek God’s guidance and candidates avoid corruption in public office. More specifically the Bishop prepared a “beatitudes of politicians”, which set […]
National franchises want to enter or expand their presence on Isthmus
Local franchises that want to expand their presence or venture into other Central American countries will attend Expofranquicias 2014 in Panama City, on the 11th and 12th of September. Costa Rica has 233 franchises, of which 189 are international and 44 are national, representing sectors that include restaurants, education, and veterinary services. The legal framework […]
Central Bank intervened with $4.9 million to stabilize dollar market
Authorities of the Central Bank of Costa Rica (BCCR) injected $4.9 million in the local currency market in order to curb the sudden rise in exchange rate for the U.S. dollar. On Thursday, the rate to sell colones reached ¢519 in the local market and ¢526 on the international Monex market. The daily average sell […]