Lawmakers approved a bill that imposes a moratorium on the destruction of thousands of homes and businesses located on the country’s protected coastlines. The government will have 24 months to come up with a permanent solution.
While the commercial generation of solar energy in Costa Rica is just getting started, experts foresee quick growth as the cost of generating solar energy drops.
The country sooner or later will be forced to open to much greater private participation in the generation of electricity in order to meet demand, simply because it probably cannot afford not to.
Finance Minister Edgar Ayales on Monday presented the Legislative Assembly with the administration’s 2013 budget, which cuts spending on infrastructure projects, but not the public payroll.
Costa Rica has had great success in attracting corporate foreign direct investment. FDI is projected by CINDE, the very successful nongovernmental organization in charge...
In the aftermath of Wednesday’s strong earthquake, residents and business owners in the beach town of Tamarindo report moderate structural damage to local buildings, but everyone is safe.
