The northern sector of Los Chiles will receive a basic customs, immigration and agriculture check point near the Santa Fe bridge, which is expected to reach completion in April. According to Mario Zamora, Minister of Security the check point would strengthen security in a sector were it is now limited. Currently, the bulk of people […]
Archives for January 2014
State will allocate 250 million for Crucitas reforestation
During the next five years, the Ministry of Environment and Energy (Minae) has allocated about ¢50 million ($101,010) annually for reforestation and conservation of 800 hectares of forest in the community of Cutris Crucitas in San Carlos. Meanwhile, Canadian firm Industrias Infinito is expected for file an international arbitration claim against the Costa Rican government, […]
Central Bank has little room to vary interest rates and bands
Later his month the Central Bank will announce economic projections and fiscal policy for 2014. However, experts agree that the country’s fiscal situation, international markets and the pending election live little room for margin in setting interest and exchange rates. At present the economy is seen as having slow growth with inflation under control. Ideally […]
This year, send money to a phone number
By the second quarter of 2014, officials with the central bank hope to put into place a system where customers can send money using telephone numbers. The system would allow a person to send the funds from a bank account using a mobile app on a cell phone, ATM or Internet banking. Payments would be […]
Cost of living and infrastructure: stone in the shoe of tourism
Poor road infrastructure and an increasing costs are making the tourism industry in Costa Rica less competitive. In particular Costa Rica is viewed as expensive in comparison to Panama and Ecuador. Increasing costs also make Costa Rica less attractive as a retirement destination. According to Tatiana Cascante, executive director of the National Chamber of Tourism […]
Every cop has own bulletproof vest
Each of the 14,000 officers with the Fuerza Publica in Costa Rica are equipped with their own bullet proof vest, according to Security Minister Mario Zamora. Equipping each officer with a vest, boots and replacing revolvers with 9mm pistols became a priority in 2007. All officers in San Jose now have 9mm pistols and the […]