Archive for December 2nd, 2006

Country to Invest $8 million in Extending International Airports

Saturday, December 2nd, 2006

The Department of Civil Aviation will invest $8 million in designing an integral development plan for Costa Rica’s international airports. The master plans and indication of priority projects will be completed by the International Civil Aviation Organization (ICAO).
According to Bernal Mesén, director of Civil Aviation, the priorities are master plans for the Liberia Airport and […]

Deposits and Credits in Colones Rise

Saturday, December 2nd, 2006

Deposits in checking, savings and time deposits rose more in colones than in dollars during September and October.
However, dollar deposits still represent more than 50% of the total.  Low inflation has stimulated deposits in colones, according to economista Alberto Franco. Inflation currently is at 10%, the lowest rate since 2003.
The lower devaluation rate of the […]

New Hotel Project for Plaza de la Cultura Generates Controversy

Saturday, December 2nd, 2006

A group of US investors who are buying the Las Arcadas shopping center have run into opposition for their plans to build a nine-story “smart” hotel on this land.  The land is adjacent to the Hotel Gran Costa Rica, Plaza de la Cultura and National Theater.
The Ministry of Culture received a letter of protest from […]