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Costa Rican Top Story

Settlement reached in the Alcatel bribery case

by TCRN Staff
The French company Alcatel is required to pay ¢5,600 million as a form of social redress to the community for the alleged payment of bribes to public officials.
The Attorney General’s Office said Friday that a Criminal Court judge for the Second Judicial Circuit of San JosĂ© endorsed, on 24 February, the settlement agreement [...]

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Traffic Cops refuse to apply the new penalties

by TCRN Staff

Although the new traffic fines are soon to be in effect, officials refuse to enforce them for fear of reprisals from the drivers and doubts raised about the implementation of sanctions.
That is the most drastic response adopted yesterday by the National Union of Professional and Technical Employees in Transit (Unateprot) after holding its [...]

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Chinchilla Attends Latin American Summit

by TCRN Staff

Playa del Carmen, Mexico – The president elect, Laura Chinchilla, will arrive this afternoon in the Mexican Caribbean area to begin her first contacts with American colleagues.
Chinchilla is expected to accompany the president, Óscar Arias, to the Summit of the unity of Latin America and the Caribbean, which will begin the first night [...]

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Interview with new US Ambassador to Costa Rica

You arrived during the election. What are your impressions of local politics now?
First, congratulations to Laura Chinchilla on her victory in the campaign. She is a very complete candidate and gave a very measured and successful campaign. In the campaign for me it was very interesting to see the levels of participation of the candidates [...]

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Newly available investment funds for Costa Rica

by TCRN Staff

The Superintendency of Securities (SUGEVAL) and is working on regulations that would permit the public offering of venture capital funds in the country.
This financial instrument that brings together investors savings is intended, together, to supply various projects or business ideas.
The venture capital funds are a financing alternative for small and medium enterprises (SMEs), [...]

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