Thursday 2 April 2020

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Will the dollar exchange rate be volatile at the end of the year?

If you have been following the dollar exchange rate, you will have noticed a sharp increase in the last couple of days. Eurobonds, government loan and the aguinaldo (annual bonus) would influence could make the exchange volatile at the end of the year, depending...

Where and when is Costa Rica going to build its new airport?

The government of Costa Rica lacks a roadmap for its plan to build a new international airport at Orotina in the province of Alajuela. After 18 months in office, President Carlos Alvarado assured La Republica that he will hire a study to have a firm...

Intermodality in public transport begins to take shape

Can you imagine taking the train in Cartago, getting off in San Jose center and traveling the last kilometers to work on a rented bicycle, or use a bus and transfer in a mega terminal where you will have several options to end the...

70% of traffic accidents could be solved with simple agreements between the parties

Although there is a regulation that allows the parties involved in a minor accident to mediate at the scene and move the vehicles, or even require a transito (traffic) official to be on the scene, few do so according to the head of the...

It’s Marchamo Time!

The mandatory Marchamo - annual vehicular circulation permit - for 2020 for the 1,560,343 registered vehicles in the country is now available for purchase. And keeping with tradition, the cost is higher over last year. The Superintendencia General de Seguros (Sugese) - General Superintendence of Insurance...

Only In Costa Rica … For Now

Costa Rica is the first country for Uber's launch of its carbon footprint reduction product now available to its customers. UberEco is an ecological modality that will help reduce the carbon footprint, as part of the profits will be invested in the Orosí wind project,...

Financed Appliances And Telephones Would Be Part of New Credit History

Purchases of appliances and electronics, among others, financed by a retailer would be included in the credit database compiled by the Superintendencia General de Entidades Financieras (Sugef) - General Superintendence of Financial Institutions (Sugef), under a proposal by President Carlos Alvarado. Currently, direct financing by...

Goodbye to Strikes!

An automatic wage reduction for those on strike, as well as the prohibition of protest for all essential services - such as health and safety - deprive traditional trade unionism in Costa Rica of their main weapons. The country's workers' unions are obliged to rethink...

Chronicle: The Morning When An Ak-47 Woke San Jose

No one knows what to do. A hail of bullets breaks the morning early morning air in Sagrada Familia, in San Jose. A man searches for the safest place in the room he rents and hides under the bed. An entire family also runs...

The One Ingredient You Should STOP Putting In Your Coffee

For most of us, our day cannot get started without our routine cup of coffee. In Costa Rica, that would be Costa Rican coffee, though lately coffee from Colombia has been making its way on supermarket shelves. The good news (no, not the Colombian arrival)...

Costa Rica Picks Citi and HSBC to Issue US$1.5 Billion in Eurobonds

Costa Rica had chosen Citi Global Markets and HSBC Global Banking for the placement banks and financial advisors that will accompany the country in the process of issuance of securities and management of liabilities in the international market. The issue for up to US$1.5 billion...

Dollar Exchange Increases

After the dollar exchange rate closed on August 23 at ¢565.88 per U.S. dollar in the MONEX wholesale market, an upward trend has been reported since then, the bigged changes occurring in the past several days, reaching ¢581.33 on Friday. Figures from the Banco Central...

Not Even Funerals Are Safe Any More In Costa Rica

In what was to have been a quiet and solemn event, a drive-by shooting in the early hours of Friday morning at mourners inside a La Sabana funeraria (funeral home), leaving 8 people injured. The shooting occurred at the Funeraria Vida, across the La Sabana...

Figueres Calls On President Alvarado To Convene TIAR To Combat Amazon Fire

Former president José María Figueres (1994-1998) on his Facebook page has called on the current president of Costa Rica, Carlos Alavardo, to convene the Inter-American Treaty of Reciprocal Assistance or by the Spanish-language acronym TIAR from Tratado Interamericano de Asistencia Recíproca), of which Costa...

Keylor Navas Uncle arrested for alleged scams with trips and soccer matches to Spain

Costa Rica's immigration police on Thursday arrested, a man identified by his last name Gamboa Guzmán, at the San Jose (SJO) minutes after he arrived on a flight from Spain. Gamboa, who happens to be the maternal uncle of Keylor Navas, was detained as he...

Travelers Will Have Direct More Routes To And From Costa Rica

More flights to North America and Europe will be available to travelers at the end of the year due to the increase in both frequencies and routes. Meanwhile, there will be fewer flights with connections in the region due to the reorganization of Avianca, while...

In Costa Rica, 7% of total purchases correspond to illegal trade

The Cámara de Comercio de Costa Rica (CCCR) - Chamber of Commerce of Costa Rica - reported on August 21 that the volume of illegal trade in Costa Rica reaches ¢7 billion colones, equivalent to 6.8% of total household consumption.   This implies that, of every...

Dollar In A Tailspin! Drops To May 2018 Exchange

The dollar exchange continues to drop, the official exchange rate this morning by the Central Bank set at ¢561.75 for the buy and ¢568.45 for the sell. The rate is the lowest since May 2018, according to data from the Central Bank. “The downward adjustment that...

Airbnb fears blow to Costa Rican hosts for permit charges

Airbnb fears that the initiative that is making its way through the legislative process to regulate its operation in the country will hit its hosts and discourage them from using the platform in renting out rooms, apartment, villas and houses, that has become, for...

How The U.S. Created The Central American Migration Crisis

THE NATIONAL MEMO -- It’s hard to believe that more than four years have passed since the police shot Amílcar Pérez-López a few blocks from my house in San Francisco’s Mission District. He was an immigrant, 20 years old, and his remittances were the...

He married as a man, had three children and now identifies as a lesbian transsexual

In Coyol de Alajuela lives the Tico version of Caitlyn Jenner. For those who don't know, Caitlyn Marie Jenner is an American television personality, retired Olympic gold medal-winning decathlete and the stepfather of the famous Kardashian.  Caitlyn was born William Bruce Jenner, a man...

Avianca cancels 25 unprofitable routes

The cancellation of 25 unprofitable routes and the sale of 24 aircraft are part of Avianca's transformation plan, with which it intends to optimize resources and be more competitive. The airline's parent company efforts are focused on re-profiling its debt and consolidating the capital structure...

However beautiful they are, it is forbidden to have pet pigs in Costa Rica

Rico's TICO BULL - Thinking of getting a pet? A dog? A cat? A pig? The last one may be a problem as Doña Ivannia Coto, a resident of Carrizal de Alajuela, learned, when on returning from a Mother's Day celebration last week found...

Costa Rica Medical Tourism Facing Weak Economic Situation and Increased Competition

The economic uncertainty, the loss of competitiveness vis-à-vis other countries and incidents of malpractice challenge the growth of cosmetic surgeries in Costa Rica. Although in the cosmetic surgery business the Costa Rican market maintains its attractiveness for foreign clients, in other countries procedures of...

Sikorsky UH-60 Black Hawk In Costa Rica

Sikorsky Uh-60 Black Hawk of the U.S. Army in Cchacarita, Puntarenas picking up a load last Sunday. The helicopters were giving support to the visit of the U.S. Navy hospital ship USNS Comfort (T-AH-20).   The USNS Comfort is on a five-month deployment to Central and...

La Iglesia de San Blas: The Oldest Church in Costa Rica Opened Its Doors Again

Originally built in 1644, the church of San Blas, in Nicoya, is Costa Rica’s last remaining colonial landmark. This impressive, whitewashed, mission-style rebuilt church (in 1831) has opened its doors again. The church is considered one of the oldest in Costa Rica. Simple but beautiful...

Boooomba! Happy July 25th or Guanacaste Day in Costa Rica

Every July 25 Costa Rica celebrates Guanacaste Day, a holiday celebrating Costa Rica's annexation of the Guanacaste province in 1824. The official name of the holiday is “La Anexión del Partido de Nicoya”. The Partido de Nicoya was an area that today encompasses almost the entirety...

Training in Handling of Emergencies (Photos)

The photos are from a training exercise by Cruzrojistas (Red Cross workers) on Saturday, July 20, 2019, in adverse road and terrain conditions common during emergencies. The exercise is for strengthening the capabilities of its first responders with the implementation of the Curso de Manejo...

1999: The Concorde Arrives In Costa Rica

The arrival of the Air France Concorde to the Juan Santamaria International Airport (SJO) in Costa Rica in January 1999. The date was Sunday, January 24, 1999, at 1:00 pm. The plane carried 90 passengers who each paid (at the time) US$52,500 for the 20 day...

A Beginning That Dates Back 85 Years

85 years ago, Don Francisco Llobet Matalonga and his sons, Juan y José, founded the Tienda Llobet, a textile store serving both retail and wholesale customers. It was on July 13, 1934, when Don Francisco and his sons opened the doors to the Almacén y...

How Costa Rica Got Its Name

Every name of every country has a story behind it, but if you look closely, those stories begin to resemble each other. Most country names fall into one of four categories: a directional description of the country a feature of the land a tribe name ...

300 volunteers will clean up Playa Tamarindo

A group of some 300 volunteers who will celebrate the second anniversary of The Clean Wave Foundation will develop an environmental effort in Playa Tamarindo and Playa Langosta, in Guanacaste. The initiative will take place on July 13 and 14 when that group - made...

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