New York Times urges US congress to end Cuban embargo, tourism ban
The New York Times on Monday published an editorial urging Congress to help put an end to the U.S. embargo on Cuba, after the two nations recently re-established diplomatic relations…
‘El Niño’ currently affecting Central America could worsen, produce worst drought in 18 years, experts warn
The current ‘El Niño’ weather phenomenon could continue to worsen to produce the worst drought since 1997 along the Pacific coasts of Central America while simultaneously producing excessive rains in…
“Costa Rica economy cannot take another year” without new taxes, president says
Costa Rican president, Luis Guillermo Solis warned on Thursday that the country’s economy cannot survive another year without new tax revenue. …
Costa Rica’s Central Bank revises down 2015 growth forecast
Costa Rica’s Central Bank revised down its growth forecast for the country’s economy on Wednesday, projecting real GDP growth of 2.8% for 2015, down from its January projection of 3.4%.…
Stable exchange rate drives more Costa Ricans to seek credit in dollars
Stability in the exchange rate between Costa Rica’s colon and the U.S. dollar is driving more Costa Ricans to seek dollar-denominated loans, according to the most recent data from Costa…
Hillary Clinton to ask for lifting of embargo on Cuba
U.S. Democratic presidential hopeful Hillary Clinton this week will ask Congress to lift the embargo on Cuba during a scheduled visit to South Florida, where she will participate in two…
Fed sees improving US economy, leaves door open for rate hike
U.S. central bank officials concluded a two-day policy meeting on Wednesday saying the U.S. economy continues to expand at a moderate pace despite a slowdown in the energy sector and…
ICE says current phone rates are not enough to cover costs
The Costa Rican Electricity Institute (ICE), which until 2009 also held a monopoly on both landline and cellular telephone service in the country, says that current rates for telephony…
