The Central Bank (BCCR) on Thursday intervened to curb the rise in the exchange rate to sell $16.5 million in the foreign exchange market (Monex). This is the fourth time that the bank has intervened in currency markets to stop the appreciation in the value of the dollar. In total, the bank has injected $104.1 […]
Archives for February 28, 2014
Johnny Araya receives blessing from anti abortion evangelicals
Johnny Araya, candidate (PLN) for the National Liberation Party has received the blessing from leaders of the National Evangelical Alliance, after making a speech on Thursday against abortion and same-sex marriage at the Hotel Real Intercontinental in Escazú. The position sets him apart from his opponent, Luis Guillermo Solís who favors abortion in cases of […]
Immigration arrested one of its own officers for irregular entry of foreigners
The Directorate General of Immigration has arrested one of its own officials, who allegedly allowed a Dominican woman to enter the country illegally. According to investigators, the official stamped a tourist visa into a false United States passport, which the woman presented upon arrival at Juan Santamaria airport. Citizens of the Dominican Republic do not […]
President warns against flight of investments
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 […]
Construction for hotel industry slows
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, […]