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President warns against flight of investments

February 28, 2014 by Staff News Writer

President Chinchilla is worried that presidential hopefuls will reverse policy on the Pacific Alliance trade pact, which would remove trade barriers between Costa Rica and Chile, Colombia, Mexico and Peru. Chinchilla signed the country onto a roadmap for the Pacific Alliance just 18 days ago. Now, both candidates in the runoff election are signaling they […]

Filed Under: News Reports

Construction for hotel industry slows

February 28, 2014 by Staff News Writer

The number of square meters for building permits in the hotel industry, fell 62 percent last year, according to data from the Costa Rican Chamber of Construction (CCC). Figures provided by the Association of Engineers and Architects (CFIA) show that the total area of ​​permits dropped from 126,036 m² between February 2012 and January 2013, […]

Filed Under: News Reports

Strange appearance of Sea Snakes cause terror on Playa Flamingo in Guanacaste

February 27, 2014 by Staff News Writer

Residents and visitors are troubled by the appearance of the yellow bellied sea snake on Playa Flamingo. The snake, “Pelamis platura”, measures up to five feet in length and carries an extremely poisonous, Neurotoxin for which there is no anti-venom in Costa Rica. The snake is a new visitor to Costa Rica, and the lack […]

Filed Under: News Reports

For each 100 colones levied by sales tax, 28 colones are evaded

February 27, 2014 by Staff News Writer

A report published by the Central American Institute for Fiscal Studies (Icefi) showed that for every ¢100 collected in Costa Rica for sales tax, ¢28 colones are evaded. According to Jonathan Menkos Zeissig, executive director of the Central American Institute for Fiscal Studies (Icefi), all countries in the region, with the exception of Costa Rica, […]

Filed Under: News Reports

ICE begins marketing 4G mobile service

February 27, 2014 by Staff News Writer

The Instituto Costarricense de Electricidad on Wednesday, announced the release of its 4G LTE mobile network under its trademark Kölbi. The service provides Internet accesss, with up to 10 Mbps of bandwidth. This month users who have the 4G LTE capability on their smart phones will be able to use the service for free. Subsequently, […]

Filed Under: News Reports

Attorney general files 270 cases with Family Court 270 to annul marriages

February 27, 2014 by Staff News Writer

Of a total of 444 suspected sham marriages, the attorney general has brought cases to have 270 annulled. The remaining cases still require additional investigation or notification before they can go forward. High profile sham marriages include Arthur Budovsky, who laundered $6 billion in transactions for Liberty Reserve. He is reported as having paid 300,000 […]

Filed Under: News Reports

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News Summary

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News Summary

Legislators approve moratorium for registration of shareholders

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Farmers will march to the Ministry of Agriculture

IMN warns of dangerous UV radiation this Friday

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