Costa Rica information, activities and news
Costa Rica is one step closer to entering a free-trade agreement with the United States after lawmakers passed a measure yesterday to crack down on intellectual property violations.
The bill, which would punish copyright, trademark and patent law violations with fines or jail sentences, will become law after it is approved in a second debate and signed by the president. (more…)
Even though it is still one of the safest countries in Central America, residents of Costa Rica are starting to call for stricter law enforcement as crime rates have skyrocketed over the years.
Recent opinion polls said that crime is now the top concern of Costa Rican citizens and tourists. If this continues, Costa Rica may lose some of its prospective tourists.
Costa Rica’s central bank sold $600 million in international reserves between April and mid-June to boost the colon currency, the bank said on Wednesday.
The bank set a trading band for the colon in 2006, and widened the range in November with a floor of 498.39 colones per dollar and a ceiling at 562.83.
The central bank pumped $47 million into exchange markets in April, $373 million in May and $180 million in the first two weeks of June, the bank said the statement.
The currency fetched 522.81 per dollar on Wednesday, the central bank said.
Costa Rica is saying goodbye to its 84-year-old insurance monopoly as it opens the industry to national and international competition.
Lawmakers late Tuesday approved legislation to end the government-run Insurance Institute. President Oscar Arias is expected to sign it into law.
Last month, Costa Rica broke up its state-run telecommunications monopoly.
Washington demanded Costa Rica break up its monopolies before Oct. 1 for the implementation of the Central American Free Trade Agreement.
The rest of Central America and the Dominican Republic joined CAFTA in 2006.
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Farmacia Alvarez
150 mts east of the Courthouse Heredia, Costa Rica
Spanish: +506 237-5425 English: +506 840-9585
