Setting up Internet access in Costa Rica can be frustrating, and more so for those who fall into often repeated mistakes that are unique to this country and rarely encountered in other countries. Fixing these problems are pretty easy, but most consumers who lack a background in technology will fail to identify the issues. Technicians […]
Archives for February 11, 2014
Bad business cited as cause for murder of American citizen
A bad business deal is believed to be the motive for the murder in Costa Rica of U.S. citizen, Kurt Hergis. His body was found along a gravel road, 4 miles from La Fortuna on Sunday. According to a female companion who survived the attack, Hergis was ambushed when he stopped his vehicle to assist […]
Mining company files suit against Costa Rica
After issuing warnings of impending litigation for 10 months, Canadian firm Industrias Infinito has filed a case against Costa Rica before the International Centre for Settlement of Investment Disputes (ICSID). The firm argues that Costa Rica violated the terms of a trade agreement with Canada when it stopped a mining operation in Crucitas. Work had […]
Congress approves in first debate plan to discourage inflow of speculative foreign capital
The legislature approved on Monday a bill to discourage the entry of speculative foreign capital, also known as “capitales golondrinas”. The bill passed with 36 of 44 legislators in favor, and will need to pass one more time before becoming law. The law would give the board of the Central Bank (BCCR) the power to […]
Five large U.S. firms in Costa Rica recover their stock values
Stock values for five large companies that have brought foreign direct investment and jobs to Costa Rica are trading at their highest levels since declines between 2011 and 2012. According to information from the Costa Rican Coalition for Development Initiatives (Cinde), the quintet is formed by: Hewlett-Packard (HP), 6,500; Sykes, 3,600, Boston Scientific Corporation, 2750, Hospira, […]
14 victims identified in case of organ trafficking at Calderon Guardia Hospital
Prosecutors have identified a total of 14 victims in the case of organ trafficking at Calderon Guardia Hospital. In June of 2013, investigators arrested the head of Nephrology at Calderon Guardia and a police officer on charges of recruiting victims. In October of 2013, investigators arrested two additional doctors and an owner of a pizzeria […]