Archive for October 27th, 2008
Monday, October 27th, 2008
Costa Rican president, Oscar Arias, and his Panamanian counterpart, Martís Torrijos, met Friday to sign the Tratado de Libre Comercio (TLC) – free trade agreement – between both countries.
The meeting was held in San José and signing the document were also the ministro de Comercio (trade ministers) of both countries, Costa Rica’s Marco Vinicio Ruiz, and Panama’s Severo Souza Gómez.
With the signing of the trade deal, 91% of Costa Rican goods can now enter Panama duty free. Panama is Costa Rica’s fifth export destination. (more…)
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Monday, October 27th, 2008
The increase in construction costs, the uncertainty of the international real estate market and the collapse of US bank Lehman Brothers has put the construction of St Regis Costa Rica to be put on hold.
The St Regis Costa Rica project was being financed by the now collapsed US bank Lehman Brothers. The decision to put the St. Regis project on hold was made this week.
St. Regis® is a chain of luxury full-service hotels, resorts and residences, developed by the Starwood Real Estate Group. Starwood is one of the world’s largest hotel and leisure companies. Starwood brand names include luxury and upscale hotels, resorts and residences such as the Sheraton, Westin and FourPoints — to name a few.
News of another prominent Costa Rica real estate development put on hold comes just days after AOL Founder announced that his Costa Rica-based real estate project is now on hold.
We expect other Costa Rica real estate developers that are financed by US banks to make similar announcements, very soon.
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Monday, October 27th, 2008
CHARLOTTE, N.C. — Police are looking for two men who are breaking into apartments and shipping the items they steal to Costa Rica.
Detectives said they think the men have broken into about 50 apartments, primarily in south Charlotte.
“Anywhere from 4 until 9, 10, 11 at night, which, yeah, was unusual. I guess you’d say they had to be casing the houses because most people are home during those time periods,” said Detective Ole Swinson.
Investigators worked with customs officials to retrieve some of the items that were on the way to Costa Rica. They said flat-screen TVs, jewelry and guns are worth a lot more down there. (more…)
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Monday, October 27th, 2008
The turtle has always been a symbol of longevity, knowledge and peace to many. To our Pre-Colombian ancestors, the turtle was believed to have healing powers and represented deity.
Today, a small group of Costa Rican specialist and environmental supporters have called to public attention the dark future of the turtle’s already fragile existence. The growing residential and commercial development taking place in Costa Rica’s coast has indirectly affected the survival of the species.
In a recent environmental and wildlife study, researchers have released alarming figures in which they basically show the reality of the disappearing sea turtle. The most shocking statistic was for the province of Guanacaste where tourism has flourished in a dizzying manner. (more…)
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