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• News

The Week in Review - December 01 - 07  2002  · News Index

Sunday 08 December 2002

Milanés Manager Jailed
The manager of Savings Unlimited, Michael González Villalobos, is being held in preventive detention in the San Sebastian prison, on the south side of San José. · Complete Story

Man Brought to U.S. in Tax Evasion Case

The founder of a multinational organization that allegedly helped hundreds of people evade U.S. taxes through an offshore trust operation was extradited from Costa Rica to face federal charges, Justice Department officials said Thursday. · Complete Story


Client of Villalobos captured
Canadian Alvin Erwin Moss, an investor with Enrique Villalobos, known as the Brothers, was arrested in Santa Ana, San Jose, on a request by U.S. Authorities. · Complete Story

Record abstention
On Sunday, December 1, Costa Ricans for the first time cast their ballot for the direct election of mayors and the members of district councils, but the event became the one that registered the largest abstention in the history of the country, close to 80 percent. The record abstention so far had been registered last April 7, in the second round of the presidential election, when it was 39.78 percent. Analysts blame the fact that most Costa Ricans were not aware of the meaning of electing their community representatives, because so far they had been used to their being imposed by the national party that had the most councilmen. Of the 81 cantons into which Costa Rica is divided, 10 were not able to hold their elections because of floods and heavy rains. The Supreme Election Tribunal has not announced yet when the election in those communities is to be held.

Drop in wealth ranking
Costa Rica dropped five places in the Wealth Index of the Nations, a survey by the Money Matters Institute and World Paper, both from the US. The study evaluates the ability for sustainable economic growth in 70 developing countries, and Costa Rica dropped from the 12th position last March to the 17th now. In Latin America, the best position belongs to Chile -which is 9th in the overall ranking-, while Uruguay (13th) took the second place from Costa Rica.

Promising outlook in tourism
The coming high tourist season is most likely to be good news for Costa Rica, according to sector sources. Hotels with high occupancy rates, car rentals facing high demand, international flights almost full, and other signs seem to confirm the expectations. Last year, 1,002,356 visitors arrived by plane, and the estimates for this year set the figure at 1.1 million, according to the Costa Rican Board of Tourism (ICT in Spanish). An official source at Juan Santamaria International Airport reported the expected arrival of 200,000 tourists from December 15 through January 15, a marked increase as compared to the 165,000 regular monthly average.

Delta flies to Liberia
Foreign visitors to the beach and mountain resorts in the northwestern province of Guanacaste no longer need to travel to the central part of Costa Rica before they reach their final destination. This is so thanks to the non-stop flights from Atlanta to Liberia that Delta Airlines is now operating. The presidents of Costa Rica and Nicaragua, Abel Pacheco and Enrique Bolaños, respectively, were aboard the Delta jet that made the inaugural flight. They agreed that the flights will benefit not only Costa Rica but also Nicaragua, because visitors will have the chance to visit the neighboring country, whose border is a short distance from the international airport in Liberia.

8.86 inflation
According to the National Statistics and Census Institute, the cumulate inflation for the first 11 months this year reached 8.86 percent. The figure was reached after prices to consumers increased 1.03 percent from October to November. According to analysts, the overall inflation for the year will be close to the 10 percent which authorities had forecast.

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