The rise and fall of oil and fuel prices do not hit inflation in Central America as soon as in other countries. It takes about three months for this to affect the economies in Costa Rica and the Dominican Republic. This is one of the conclusions of a study by the consulting firm EY, based […]
Archives for May 2016
Web site to predict ash fall in Costa Rica
Costa Rican physicists created a Web site that, among other things, has an ash meter that uses a supercomputer to forecast the places where volcanic debris will fall. José Brenes, a physicist from the University of Costa Rica, guarantees that the meter works with the wind direction, obtained through satellites of the National Oceanic and […]
Brexit or not, Solís would strengthen relations with the UK
The Costa Rican president, Luis Guillermo Solís, explained in London his desire of strengthening commercial relations with the United Kingdom and he seemed confident to overcome any impact Great Britain leaving the European Union might cause, an outcome labeled as Brexit. Costa Rica has a free trade agreement with the European Union but it doesn’t […]
Report on GMOs causes debate in Costa Rica
Recent analysis of genetically modified organisms (GMOs) has attracted attention in Costa Rica. Almost all Costa Rican municipalities have banned GMOs, mainly because they are considered hazardous to health. However, the National Academy of Sciences of the United States argues that GM crops are similar to regular crops. Environmentalists argue that large companies producing GMOs […]
Agency proposes new method to calculate profits of gas stations
The Regulatory Authority of Public Services (Aresep for its acronym in Spanish) is proposing a new method to calculate profit margins for gas stations that sell different blends of gas, diesel, and liquefied petroleum gas. What it is intended is that procedures to calculate prices become more transparent, understandable and verifiable. The current price methodology […]
Costa Rican firefighters help extinguish fire in Panama
Two Costa Rican firefighter units helped their Panamanian colleagues extinguish a fire. The emergency came from a paint warehouse, located near a gas station in Los Conejos, Paso Canoas. crhoy.com