Archives for June 2016

The credit dollar rate has increased consecutively in the last two weeks, due to a shortage of dollar liquidity, according to the Central Bank of Costa Rica (BCCR). The cash rate in dollars rose 2.06 percent on June 2, the highest increase so far. In total, it has grown 0.13 percentage points since five weeks […]

The Costa Rican Oil Refinery (RECOPE) has reported an operating loss of 6 billion of colones in 2015. The negative result was due to a decrease in oil sales by 2 pecent, while labor have increased, according to financial reports. RECOPE attributed the loss to an extraordinary benefit for a group of workers who retired last year. The company […]

Costa Rican authorities have requested the extradition of two Nicaraguan brothers allegedly responsible for killing a 12 year-old boy. The brothers Carmona Solis allegedly tied up the boy by the neck to a motorcycle and dragged him for about 1,970 feet. According to an autopsy the boy died of strangulation. When the attack happened, the boy was […]

With only 14 years old, Maria Jose Calderón managed to make Costa Rica proud by winning the Chicago Open Taekwondo Championship. Calderón won four bouts in the category -46 kg and took the gold medal home. As a mother, you always worry because she doesn’t know who she will be facing. But when she triumphs, […]

President Luis Guillermo Solis asked to his neighbors in the Caribbean basin to be “more conscious and supportive” to the migration of Asians and Africans who travel across Central American countries on their route to the United States. In the seventh summit of the Association of Caribbean States (AEC for its acronym in Spanish), Solis […]

Justice Minister, Cecilia Sanchez, warned that parole benefits would be overruled if there are more repeat offenders. Sanchez sent a letter to inmates in which she calls them to live peacefully and meet responsibly the opportunity provided to them. The officer wrote on the letter that it is unfair to cancel a successful program by […]