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Regulator Proposes Limitations on Bank Loans

Regulator Proposes Limitations on Bank Loans

Q COSTA RICA – The General Superintendency of Financial Institutions (SUGEF) is proposing banks have additional capital requirements to discourage consumer and vehicle loans, and mortgages with excessive repayment terms. Over the years, financial institutions in Costa Rica have been setting longer terms on loans with the objective of reducing the monthly payment. The SUGEF […]

Implications of Costa Rica’s Money Laundering Law Reform

Implications of Costa Rica’s Money Laundering Law Reform

Q COSTA RICA – Lawyers, notaries, accountants, real estate agents, casinos, and non-profit organizations and others will be required to report suspicious transactions made by their clients that may be used as a tool for money laundering or for financing terrorism. Bill 19.951 approved in first reading in the Legislative Assembly last Thursday, April 21, […]

Ministry of Environment Assures “The Discovery Project” Will Not affect Guanacaste’s Water

Ministry of Environment Assures “The Discovery Project” Will Not affect Guanacaste’s Water

Q COSTA RICA by Roberto Acuña Ávalos, Vozdeguanacaste.com – “This project does not put any community’s water at risk. It is supplied by wells that had already been drilled on the property, with the proper permits and the AyA and Senara’s consent, and without harming other sources for human consumption.” With these words Edgar Gutiérrez, […]

Marino Protti: “Nicoya is a worldwide tectonic attraction”

Marino Protti: “Nicoya is a worldwide tectonic attraction”

(Q COSTA RICA) by María Fernanda Cruz, Vozdeguanacaste.com – In April of 1997, the Nicoya Peninsula became one of the most important places in the world to study plate subduction. That year, the Costa Rican seismologist Marino Protti attended a forum in Hawaii where participants defined places around the world that showed the best characteristics. […]

Downtown San Jose Hotel Encouraging People To Return To Live In The City

Downtown San Jose Hotel Encouraging People To Return To Live In The City

Q COSTA RICA  – How much does it cost to live in downtown San Jose? One downtown hotel says at least US$2,000 monthly for a micro-apartment right on Avenida Central, also known as the ‘Bulevar”. The newly renovated spaces at the Balmoral Hotel are from 32 m2 (345 square feet) to 86 m2 (925 square […]

Justin Bieber Sets Costa Rica Afire!

Justin Bieber Sets Costa Rica Afire!

Q EXTRA – Worries that the Monday afternoon rains would damper the mood at the National Stadium in La Sabana dried up, as the rains let up and “the Bieb” took the stage, before an audience so varied in ages, with totally different perspectives in life, gathered in one place and willing to surrender their […]

Justin Bieber Prankster Causes Madness In Multiplaza Escazu

Justin Bieber Prankster Causes Madness In Multiplaza Escazu

Q COSTA RICA – Multiplaza Escazu became a madhouse Sunday night when mall shoppers noticed that “Justin Bieber” was among them. A young woman in sweater, hat and sunglasses accompanied by two burly bodyguards ignited the madness. However, what seemed like a dream fulfilled for many Tico fans, turned out to be a prank. The […]

Venezuelan Legislator Denounces Tanks Threaten Her Home, While in Costa Rica

Venezuelan Legislator Denounces Tanks Threaten Her Home, While in Costa Rica

Q COSTA RICA – While in Costa Rica to protest against the humanitarian and health crisis in her country, Venezuelan opposition legislator, Dinorah Figuera, denounced that while she was here, the Bolivarian National Guard stationed two tanks in front of her house in Caracas, as a way of intimidating her. Figuera, of the progressive party […]

Poas Volcano Keeps On Ticking!

Poas Volcano Keeps On Ticking!

Q COSTA RICA – As of 9:00am this morning (Saturday, April 22) the Poas volcano has accumulated 35 hours of uninterrupted eruptive activity, that began at 11:00pm Thursday. Since the start of its eruptive activity at the beginning of the month, the last few days has seen an increase in the evaporation and degassing of […]

FIFA Suspends For Life Costa Rica’s Eduardo Li

FIFA Suspends For Life Costa Rica’s Eduardo Li

Eduardo Li, once the darling of Costa Rica soccer, has earned himself a lifetime ban from the FIFA’s ethics committee for taking bribes, The FIFA decision was announced Friday. “As a consequence the official is banned for life from all football-related activities (administrative, sports or any other) at both national and international level,” a statement […]

Can Users Refuse To Have Their Customer Service Call Recorded?

Can Users Refuse To Have Their Customer Service Call Recorded?

Q COSTA RICA – A call to customer service should be a private matter. At least that is the reasonable expectations of clients calling to make a complaint or obtaining assistance about a service there are paying for. However, a recent conversation between an irate customer and a Tigo customer service center agent that went […]

Poas Eruptions Triggered GAM Air Pollution

Poas Eruptions Triggered GAM Air Pollution

Q COSTA RICA -The Poas volcano eruptions are triggering air pollution in the Greater Metropolitan Area (GAM) of San Jose at levels that exceed the maximum values ​​allowed by the World Health Organization (WHO). This means that the residents of GAM that includes the capital city (San Jose) and the cities of Alajuela, Cartago and […]

Two Costa Ricans Among The Arrested In Child Pornography Network

Two Costa Ricans Among The Arrested In Child Pornography Network

Q COSTA RICA – Two Costa Ricans are among 39 arrested, members of an”interconnected criminal network” that spanned 18 countries in Europe and Latin America. The men distributed child pornography via the instant messaging service WhatsApp, according to a report by the Spanish National Police on April 18. The others arrested were, 17 people in […]

7 Things Donald Trump Gets Wrong about MS13

7 Things Donald Trump Gets Wrong about MS13

Q24N (Insightcrime.org) US President Donald Trump and Attorney General Jeff Sessions launched a rhetorical campaign this week against the MS13, one of the most violent gangs in Central America. But the verbal offensive by the president and the attorney general, as well as their statements on the origins and evolution of the gang, are for […]

KLM Making Its Way Back To Costa Rica

KLM Making Its Way Back To Costa Rica

Q COSTA RICA TRAVEL – KLM is coming back to Costa Rica. On Monday, the Dutch flag carrier KLM Royal Dutch Airlines announced that, starting October 31, 2017 a planned twice weekly Amsterdam – San Jose flight. The airline previously served San Jose until March 1998. The airline has opened reservations for flights flown on […]

Costa Rica Beer Imports Up 67%

Costa Rica Beer Imports Up 67%

Q COSTA RICA – Beer imports to Costa Rica in the last four years went from us$8.8 million in 2012 to us$14 million in 2016, which is an increase of 67%. According tothe Promotora de Comercio Exterior (Procomer ) – Foreign Trade Promotion Office – the main import market is the United States with US$7 […]

Passion in Paradise! Heidi Klum On Romantic Vacation in Costa Rica

Passion in Paradise! Heidi Klum On Romantic Vacation in Costa Rica

Q EXTRA – Despite their 13 year age difference, Heidi Klum and Vito Schabel have sizzling chemistry. The 43-year-old model could barely keep her hands off her boyfriend, 30, Monday during their romantic Costa Rican getaway. The couple arrived at the Liberia airport on April 9 and left on the 15th. Heidi looked amazing, showing […]

Poas Volcano: Experts Confirm Lava Has Been Rising To The Surface

Poas Volcano: Experts Confirm Lava Has Been Rising To The Surface

Q COSTA RICA – Some of the ash released by the Poas Volcano in the past week included ‘juvenile magma”. This was confirmed by independent volcanologists Gino Gonzalez and Raul Mora, after analyzing samples of the material in the National Nanotechnology Laboratory (Lanotec), of the National High Technology Center (CeNAT). The analyzed samples correspond to […]

Airline Apologizes For Bumping 10-year-old Boy From Flight to Costa Rica

Airline Apologizes For Bumping 10-year-old Boy From Flight to Costa Rica

The contentious practice by airlines of over booking flights has found a new target in Canada. A report in the Montreal Gazette says a  10-year-old Prince Edward Island (Atlantic Canada) boy was bumped from an Air Canada flight that was taking his family to their Costa Rica vacation during March break. The report says the […]

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