Voluntary placement of vehicle insurance policies grew by 9% during the first 4 months of the year, reaching ¢ 60 billion, according to the latest statistics of the Superintendent of Insurance. This translates into increased car insurance portfolio by five billion colones compared to the same period of 2015. In the vehicle segment, most insurers […]
Archives for July 12, 2016
2 important works of sports infrastructure
On Monday, President Luis Guillermo Solís and the Minister of Sports, Carolina Mauri, announced the construction of two sports infrastructures for 40 million dollars. The first project is a sports pavilion on Parque de La Paz which has a cost of 13.5 million dollars and will include 36,000 meters and a construction area of 17,000 […]
African accumulation in Peñas Blancas
On Monday morning several Africans who are in Peñas Blancas, allegedly sought to evade immigration authorities and cross the border to Nicaragua. The authorities and Immigration press confirmed the situation, but they said it is just an “accumulation” of people in that area. Although the number of individuals was not specified, the immigration press added […]
8% of GDP for education
Despite the high fiscal deficit, Costa Rican president Luis Guillermo Solís wishes to fulfill his promise: to allocate 8% of the gross domestic product (GDP) to education during 2017. I, as a teacher, won’t lower the education budget. I will always fight for education resources, stated Solís. However, the fiscal situation continues to deteriorate and, […]
180 Costa Rican companies in Europe
Three years ago, Costa Rica decided to sign the Association Agreement with the European Union (EU). 180 new, Costa Rican companies took the chance and now, they are in many European countries. However, even though new companies entered to compete, the country’s exports did not grow: they went from $ 2,034 million dollars to $ […]
Ferry between Costa Rica and El Salvador began operating half a year later than planned
The ferry between Puerto La Unión in El Salvador and Puerto Caldera in Costa Rica is expected to arrive for the first time on July, 28th. Initially, it was reported that the ferry would come into operation in January this year. The shipping “Bajamar”, responsible for putting the ferry into operation, will start the first […]