Thursday 25 February 2021
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Tag: monopoly

Trade Unions Falsely Accuse Government Considering Breaking ICE Monopoly

Is the government of Carlos Alvarado considering breaking the ICE monopoly on the electricity sector? Two ICE worker unions seem to think so and for that, they have called for a strike for Monday, July 15. According to the government, the unions are basing their...

Nature Air Admits US$1.6 million Debt After Fatal Crash and Suspension

Nature Air, the troubled airline that this week was officially grounded by aviation authorities, blames the same body, the Dirección General de Aviación Civil (DGAC), for the difficulties it faces to refinance its operations and attract new investors. The company estimates that the inability to...

Court Annuls Fine Against ICE

Costa Rica's contentious-administrative court (Tribunal Contencioso Administrativo) has annulled a fine of ¢2.18 billion (2.157.826.200) colones (around US$4 million dollars) imposed by the Superintendency of Telecommunications (Sutel) against ICE. The telecom regulator fined the state-owned company, the Instituto Costarricense de Electricidad (ICE) for monopolistic and...

Costa Rica Insurance Spending Growing, Reaches Average of Latin America

Annual average per capita expenditure on compulsory and voluntary insurance policies grew from US$140 in 2009 to US$246 in 2016, approaching the Latin American average, which stands at US$250. In addition to an increase in the supply of insurance that came after the end of...

Milk and Dairy War Heats Up In Costa Rica

Q BUSINESS - The largest dairy in Latin America, in a strategic agreement (alliance) with Florida Ice and Farm (Fifco), aims to break Costa Rica's diary monopoly held by Dos Pinos. Mexico's Grupo Lala and Costa Rica's Fifco, who entered the milk market with the...

ICE Fined ¢2.157 Billion For Being “Monopolistic” and “Anti-Competitive”

(QCOSTARICA) The state company Instituto Costarricense de Electricidad (ICE) has been fined ¢2.157 billion colones (US$4 million dollars) for "anti-competitive and monopolistic" practices between 2011 and 2012. The fine was levied by the board of Superintendencia de Telecomunicaciones (Superintendencia de Telecomunicaciones - SUTEL), the government...

ICE Encounters Roadblock In Solar Power Genertaion

QCOSTARICA - The pilot program for solar generation has run into a roadblock that may seal the fate of solar panel electrical generated electricity -- it would have injected 10 megawatts of energy into the grid but it appears that no regulations exist to...


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