Thursday, September 4th, 2008
The purchase by China of 300 million dollars in Costa Rican bonds and the involvement in the transaction of a Costa Rican bank with ties to the Central American country’s current ambassador to China spurred a great controversy.
The opposition were demanding the resignation of Ambassador Antonio Burgues on Wednesday.
Following several months of silence on the matter, Finance Minister Guillermo Zuniga told the legislature Tuesday that a local bank is holding half the funds – 150 million dollars – sent by China. The other half is not yet in Costa Rican hands.
The bank, BCT, said it receives between 6,000 dollars and 9,000 dollars a month for its work on the matter. (more…)
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Thursday, September 4th, 2008
If you want high quality and affordable plastic surgery, Costa Rica is the place to go. Plastic surgery in Costa stands behind its repute at all times, providing cost effective solutions for over priced plastic surgery cost in the US, Canada and Europe. In recent years Costa Rica has developed their medical care services by conducting social programs involving health and education, as well as improving health clinics and hospitals, acquiring state of the art equipments and facilities that resembles that of highly developed western nations. (more…)
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Thursday, September 4th, 2008
Costa Rica’s inflation rate rose to 15.4 percent in the last 12 months through August, the government statistics agency said on Tuesday, driven by a rise in global food and fuel prices.
The 12-month increase in the consumer price index compares to a 8.56 percent rise for the same September to August period a year earlier.
Prices rose 1.79 percent year-on-year in August, more than twice the 0.70 percent rise recorded in August 2007.
“This 15.4 percent is very alarming, it’s so high,” said Antonio Mora, a spokesman at the national statistics institute, which releases monthly inflation figures.
Rice prices, a major staple in the Central American country, rose as the cost of the grain reached record levels on international markets. Costa Rica only produces about half the rice it consumes.
Transport costs also went up as oil prices reached historic peaks in recent months, Mora said.
The Costa Rican Central Bank raised its 2008 inflation goal from 8 percent to 14 percent at the end of July.
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