Archive for October 23rd, 2008
Thursday, October 23rd, 2008
Mexico and Costa Rica have operated under a North American Free Trade agreement for thirteen years, and their bilateral trade has almost doubled each and every year in those years. Mexico’s trade with Costa Rica is now eleven times more than it was in 1995.
Mexico has now announced that it is investing more than US$400 million in Costa Rica building further on this well stabilized trade agreement.
The emphasis is on finance, food communications and construction industries.
More monetary support for Costa Rica’s construction efforts will inevitably lead to enhanced telecommunications, roads, and an overall improvement to Costa Rica’s transportation systems.
This added boost to the economy has to be good for Costa Rica’s real estate market
since an increased construction budget means Costa Rica real estate will become even more desirable.
Posted in Costa Rica News | No Comments »
Thursday, October 23rd, 2008
Summer 2009 Could Mean Lights Out for Parts of Costa Rica.
It is hard for me to understand how anyone could support monopolies or even think of them to be anything but big bullies. I grew up in a city where they were considered The Bad Guy – the local power and gas monopoly was hated by all for its unfair and unregulated prices, and was eventually eliminated in my teens – and consumers reveled in their right to choose service providers.
With serial rate increases and continually poor service, the Costa Rican Electricity Institute (ICE) is the biggest offender here in Costa Rica. Ostensibly, the Public Services Regulatory Authority (Aresep) governs ICE’s actions, but in practice, ICE does what it pleases. If ICE wants a rate increase, it demands that Aresep approve it. If Aresep disagrees with the percentage increase or refuses to approve any increase at all, ICE simply shuts off the power. (more…)
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Thursday, October 23rd, 2008
The announcement that former Costa Rican Vice President Laura Chinchilla will seek election to the presidency in 2010 indicates that the country “has matured and is ready” to have a woman as head of state, according to some analysts.
Chinchilla, who has the support of President Óscar Arias, stepped down as vice president and justice minister on Oct. 8 to compete in the governing National Liberation Party’s (PLN) primary elections. By law, she had to give up public office by January 2009 in order to be eligible to become a presidential nominee.
Political observers say that her likely opponents within the PLN are San José Mayor Johnny Araya, and former security minister Fernando Berrocal, who has also resigned.
But Arias has already said that he would prefer to hand over his presidential sash to a woman. (more…)
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Thursday, October 23rd, 2008
Costa Rica is Spanish for rich coast. With that said a person can expect this place to be the ideal tropical paradise.A Costa Rica vacation shows you nature at its purest and finest. The simple and humble country has emerged as one of the top vacation destinations in the world because it does not rely on manufactured entertainment and goodness to keep tourists preoccupied. In other words, a Costa Rica in your itinerary. (more…)
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Thursday, October 23rd, 2008
Costa Rica has to improve its ports to meet international standards of security by 2012 if it wants to continue exporting to the United States.
The security measures are for all ports in the region, that must include x-ray equipment to guarantee “safe cargo”.
Otto Noak, executive director of the Comisión Centroamericana de Transporte Marítimo, explained that region is obligated to comply with the security measures. (more…)
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