[dailyarchive/2005_10/exchange_rates.htm]

Daily Edition: San José, Costa Rica, October 25, 2005

STRINGS from the Low Country : Ronald Hoogeveen (violin), Evelien Prakke (cello), Francien Schatborn (viola) and Rami Koch (violin) will give a concert Oct. 28 at 7:30 p.m. at the Costa Rican-North American Cultural Center's Eugene O'Neill Theater in Barrio Dent, east of downtown San José. The string quartet from the Netherlands is here as part of a cultural exchange sponsored by the Royal Netherlands Embassy and the University of Costa Rica 's School of Music. Admission is free.
Photo courtesy of the Royal Netherlands Embassy


Get The Tico Times Daily News Updates automatically every morning (Monday-Friday) in your e-mail.
Just give us your e-mail address below.

 

Rains Make Already
Bad Roads Worse

The heavy rains that have pounded Costa Rica for the last two months have caused approximately $33 million in damages to the country's roadways, according to Minister of Public Works and Transport Randall Quirós.

(Click for more)

Alliance Brings Improved Electricity
to International Businesses

More than 70 manufacturing companies in Costa Rica's free zones will be the beneficiaries of a new strategy to improve electricity coverage to businesses.
(Click for more)

Gas Prices to Increase by ¢20
The Public Services Regulatory Authority (ARESEP) yesterday approved a 5.7% increase – approximately ¢20 ($0.04) – in gas prices.
(Click for more)

 



October 25

B'nai Israel Jewish
High Holiday Services
Today, features the celebration of Simjat Torah, in the evening. Info: 231-5243, congbnei@racsa.co.cr.

Carlos Gardel's Corner
Tango show including dances and music, tonight at 7 and 9 p.m., National Auditorium, Children's Museum. Tickets at Servimás offices in Hipermás supermarkets or at www.mundoticket.com. Info: 207-2025.

Festival Arte Mayor
Celebrating senior citizens with dances, workshops, storytelling and more, Oct. 25-28, Costa Rican Art Museum. Info: 222-7155.

National Choir Festival
With the participation of choirs from different Costa Rican provinces, Oct. 25-26, at 7 p.m., at the National Theater, Av. 2, Ca. 3/5. Info: 221-9417.

 

Edited By Rebecca Kimitch
Tico Times Staff
rkimitch@ticotimes.net

 


Return To Top Of Page

Click here to subscribe



Rains Make Already Bad Roads Worse

The heavy rains that have pounded Costa Rica for the last two months have caused approximately $33 million in damages to the country's roadways, according to Minister of Public Works and Transport Randall Quirós.

“We are passing through the worst highway crisis this country has had to suffer in the last 30 years,” Quirós told Radio Monumental yesterday. “We have 173 national highways and 749 local roads affected by the excess of rain in the last two months from Hurricanes Katrina, Stan, Rita and Wilma.”

The minister said that, according to preliminary calculations, the losses amount to ¢16 billion ($33 million); the government only has a third of that amount available at present.

Quirós said that the government is studying “how we will enter into this rehabilitation” and hopes to start repairs this week.

For its part, the National Emergency Commission (CNE) released a statement yesterday saying that this week will bring an improvement in the weather. The constant rains registered over the past weekend because of the indirect influence of Hurricane Wilma provoked the preventative evacuation of 767 people.

According to the statement, during the weekend CNE attended to “close to 80 incidents of problems with sewers, mudslides and rivers overflowing in the greater metropolitan area and the length of the Pacific slope.”

Because of the rains, several people remain out of communication due to the fact that sections of the highway are obstructed.

The CNE is still on red alert (maximum) in Bagaces, Carrillo, Santa Cruz and Nicoya in the northwest province of Guanacaste, as well as the municipality of Aguirre in the central Pacific province of Puntarenas.

They also issued a yellow alert (signaling preventative action with activation of emergency committees) in the country's Northern Zone and a green alert (preventative action) for the Caribbean slope, parts of the Northern Zone and the Central Valley, although an improvement of the weather is expected starting today.

– ACAN-EFE


Return To Top Of Page

Click here to subscribe



Alliance Brings Improved Electricity
to International Businesses

By Rebecca Kimitch
Tico Times Staff
rkimitch@ticotimes.net

More than 70 manufacturing companies in Costa Rica's free zones will be the beneficiaries of a new strategy to improve electricity coverage to businesses.

The improved electricity, in theory free of costly outages, comes via a new alliance made official yesterday between the National Power and Light Company (CNFL), the Costa Rican Electricity Institute (ICE) and the Public Service Company of Heredia. The alliance will improve the quality of electricity by reducing the number of outages in the free zones, home to dozens of multinational manufacturing firms.

Electricity outages, even short ones, cost these companies enormous amounts in lost labor, products destroyed in the middle of production and damage to machinery, according to Emmanuel Hess, director of support services for the Costa Rican Investment Promotion Agency (CINDE). CINDE has lobbied since last year for improved electricity services for free zones, where companies such as Boston Scientific, Bridgestone Firestone, Sykes and Hospira are located.

The improved service will make Costa Rica more attractive to foreign direct investment, President Abel Pacheco said yesterday at the signing of the letter of understanding between the three participating institutions. Quality public services have made Costa Rica attractive in the past to foreign investment, and will continue to do so in the future, he said.

“Through this understanding, these 70 industries that represent more than 15,000 direct jobs will receive electricity with a quality comparable to (the high-tech company) Intel,” Pacheco said.

The project began with a $1 million investment in a new transformer. Next year, CNFL will invest an additional $3 million to make industrial circuits independent of residential circuits so they are not as susceptible to electricity cuts caused by downed branches and other problems.


Return To Top Of Page

Click here to subscribe



Gas Prices to Increase by ¢20

The Public Services Regulatory Authority (ARESEP) yesterday approved a 5.7% increase – approximately ¢20 ($0.04) – in gas prices.

The increase will raise prices to ¢504 ($1.03) for a liter of super gasoline (a 5.22% increase), ¢463 ($0.95) for a liter of regular gasoline (a 3.81% increase), and ¢337 ($0.69) for a liter of diesel gasoline (a 5.97% increase). Prices include tax.

ARESEP attributed the raise in prices at the pump to the increase in international oil prices last month and the devaluation of the colón against the dollar. Prices will also increase for airplane fuel and gas used in cooking.

The increase will go into effect once it is published in the official government daily La Gaceta.

The National Oil Refinery (RECOPE) announced last week that national gasoline consumption fell from August to September, from 292,970 barrels to 281,785 barrels. The institution credited the drop to higher prices at the pump and to government initiatives to reduce consumption.

In August, officials took steps to reduce gasoline use by reducing traffic – changing public employee work schedules and restricting driving in downtown San José (TT, July 29).


Return To Top Of Page

Click here to subscribe


Daily NewsHome | Top Story | Business News | Central American News
  Editorial Cartoon | Weekend | Exchange Rates | Fishing | Culture | Classified Ads
Display Ads | Subscribe! | Travel Guide | Archives | Links | About Us | Newsstand Locations
Contact Us