According to the Central Bank of Costa Rica, the 2016-2017 Macroeconomic Program Review shows an accumulated depreciation of 2.1% (colon against USD). In addition, private banks increased their foreign currency position in July, which has influenced the exchange rate. September is usually a month with a greater abundance of USD; however, according to analysts at […]
Archives for August 23, 2016
The government seems to ignore transport and business sectors’ problems
The transport and business situation is worrying. However, Luis Guillermo Solis’ government seems to be unaware. The transport sector is going through its biggest crisis in years, not only for the constant traffic jams, but because the administration hasn’t been able to solve problems on that matter and Costa Rica seems to be a big […]
Boost for sustainable cocoa farming in the South
On Friday, farmers from the southern area received a boost for sustainable cocoa production, thanks to an alliance between the Agriculture and Livestock Ministry (MAG) and some private organizations. This will strengthen sustainable cocoa production by 300%. The plan is to train and provide support to those who grow the fruit in Corredores, Golfito and […]
Drugs online? Better be cautious…
Dozens of emails are designed to provide products such as birth control pills and medications for erectile dysfunction, but buying them online could turn people into the victims of a scam. We always recommend that people buy drugs in authorized establishments because 50% of these drugs are fake and the location of the alleged foreign […]
International drug trade: a family business settled in costa Rica
In August, 1995, five members of a family were arrested. They were sentenced for international drug trafficking. 21 years later, they were captured again, this time in Pérez Zeledón. Five out of the 7 detainees are surnamed Vargas Hidalgo. They are part of the biggest drug trafficking gang of Pérez Zeledón. The subjects counted on […]
IACHR president will visit Costa Rica
Today, president of the Inter-American Commission on Human Rights (IACHR) James Cavallaro, will visit Costa Rica on a business trip. The chairman’s goal is to hold conversations with national authorities as well as participate in some forums. Cavallaro will meet Ombudswoman Monserrat Solano to address the issue of human rights in the country. He will […]