Signing a contract or making a deal in Costa Rica can be the simplest thing, full of good faith and trust for all parties involved or it can be a nightmare experience in which, usually the weakest party, must suffer the loss of time, money and hope and in some […]
Monthly Archives: May 2024
400 posts
Costa Rica, long celebrated for its lush landscapes and commitment to clean energy, now faces a severe electricity crisis. The country’s reliance on hydroelectric power—constituting over 75% of its electricity generation—has become its Achilles’ heel as regional droughts shrink reservoirs to critical levels. The Dark Side of Dependency on Hydropower […]
QCOSTARICA — In less than a month in office, the new mayor of the Canton de Mora, Alfonso Jiménez Cascante, is formally accused by the Prosecutor’s Office, of the alleged crime of breach of duties. The prosecution maintains that Jiménez managed municipal matters related to his family, helping out an […]
QNOTICIAS – The Comptrolle’s Office – Contraloría General de la República (CGR) – imposed a 20-day suspension without pay on Gabriela Chacón Fernández, executive president of the Instituto Nacional de Seguros (INS), for the irregular hiring of lawyers outside the institution. Chacón was appointed on May 8 to replace Mónica […]
Q24N — “Who said that the flag doesn’t belong to us?” Abacaxi wrote in one of his Instagram posts. The photo shows models sporting the fashion designer’s Brazilian collection: Clad in flag-inspired yellow and green shirts, skirts and bikinis, they wave the Brazilian flag. The Rio de Janeiro-born designer released […]
QCOSTARICA — The dollar exchange saw a new high on Tuesday, reaching ¢524 colones to one US dollar in the Foreign Currency Market (Monex). This Wednesday morning, the Banco Central de Costa Rica (BCCR) – Central Bank – set the dollar exchange reference rate at ¢521.50 for the buy and […]
QCOSTARICA — Eight financial entities in Costa Rica announced Tuesday a plan to combat loansharking or extortionate (in Spanish “gota a gota”) lending. The plan also includes an education campaign to alert and raise awareness about the risks associated with high-interest informal lending, where interest rates are much higher than […]
Costa Rica has focused on becoming an inclusive destination where everyone can enjoy the natural wonders the country has to offer. However, the country still has a long way to go and must make many changes. Tori Hunter, a Canadian influencer, published a video recounting her ordeal upon landing at […]
QCOSTARICA — The Comisión Nacional de Emergencias (CNE) – National Emergency Commission – placed the entire country under “green alert” this Tuesday as tropical wave #4, currently located over the eastern part of Panama, is approaching Costa Rica. Besides the impact of tropical wave #4, the CNE decision for the […]
Dozens of countries, including Brazil, Bolivia, and Costa Rica, adopt common carbon accounting standards. A total of 21 countries, including Brazil, Bolivia, and Costa Rica, or jurisdictions covering many states, will adopt common extra-financial accounting standards on climate for their companies, the body that already manages the IFRS financial accounting […]