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Fitch Affirms Banco De Costa Rica's Idr At 'bb+'

The country's public safety ministry says the small plane was flying from Cali, Colombia, before it made an emergency landing Monday at a private airstrip on the Caribbean coast. The ministry says police detained a Guatemalan man and his adult son with 51 packages holding 44 pounds of cocaine each. The suspects are in the custody of prosecutors in the province of Limon. Authorities say police determined that the jet belongs to the owner of a chain of retail stores in Guatemala and are trying to locate him. Officers also suspect a criminal gang in the area helped the jet carry out the emergency landing.
More: http://abcnews.go.com/International/wireStory/costa-rica-seizes-jet-carrying-ton-cocaine-21241554

Cognizant Opens New Delivery Center in Costa Rica to Deliver Time-To-Market, Cost, and Transformational Value to Clients

The two nations again return to The Hague, where the world court issues preliminary rulings in favor of Costa Rica . Pastora claims innocence, conspiracy Pinned for the crime of usurpation of public property and violation of the countrys forestry law, Pastora, known during the Sandinista uprising as Comandante Cero, finds himself in the legal crosshairs of Interpol. He then claims that Costa Rica bribed Interpol to issue a red alert against him. Exit tax drives border-crossers crazy Ironically, none of these conflicts has much impact on everyday people. But a new $7 tax issued by the Costa Rican government causes new chaos at the border.
More: http://www.ticotimes.net/More-news/News-Briefs/Costa-Rica-vs.-Nicaragua-Feuding-between-neighbors-continues-through-2013_Monday-December-23-2013

Costa Rica Seizes Jet Carrying a Ton of Cocaine

30, 2013. Applicable Criteria and Related Research: Global Financial Institutions Rating Criteria http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=812751 ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS . IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE ' WWW.FITCHRATINGS.COM '. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES.
More: http://www.reuters.com/article/2013/12/20/ny-fitch-rating-banco-cr-idUSnBw206037a+100+BSW20131220

Hyatt's Andaz Debuts in Costa Rica

With the support of Costa Rica's strong business environment and education system, we look forward to growing our Costa Rican operations to deliver significant time-to-market, cost, and transformational value to clients through a broader array of technology and business process capabilities." About CognizantCognizant /quotes/zigman/70561/delayed/quotes/nls/ctsh CTSH +0.20% is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world's leading companies build stronger businesses. Headquartered in Teaneck, New Jersey (U.S.), Cognizant combines a passion for client satisfaction, technology innovation, deep industry and business process expertise, and a global, collaborative workforce that embodies the future of work. With over 50 delivery centers worldwide and approximately 166,400 employees as of September 30, 2013, Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing and fastest growing companies in the world. Visit us online at www.cognizant.com or follow us on Twitter: Cognizant. Forward-Looking StatementsThis press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Form 10-K and other filings with the Securities and Exchange Commission.
More: http://www.marketwatch.com/story/cognizant-opens-new-delivery-center-in-costa-rica-to-deliver-time-to-market-cost-and-transformational-value-to-clients-2013-12-19

Costa Rica vs. Nicaragua: Feuding between neighbors continues through 2013

Now dated to between 600 and 1000 AD, the balls are known locally as Las Bolas. Yet, there are no written records of the culture of the people who created them 9. THE GREAT BALLS OF COSTA RICA: Giant stone spheres whose purpose is unfathomable Why the people of pre-Spanish colonisation Costa Rica decided to carve hundreds of giant balls out of stone is as much a mystery today as it was when the balls were discovered. The Great Balls of Costa Rica were found by the United Fruit Company in the 1930s, when it was clearing land to turn into banana plantations. Some are as large as two metres in diameter. Now dated to between 600 and 1000 AD, the balls are known locally as Las Bolas. What makes solving the mystery particularly challenging El Informe is there are no written records of the culture of the people who created them.
More: http://www.dailymail.co.uk/sciencetech/article-2528351/From-Costa-Ricas-great-balls-wandering-rocks-Death-Valley-The-10-natural-phenomenon-modern-science-explain.html

What Are Costa Rica Christmas Traditions?

The Costa Rican Christmas is centered upon the Christ child, and therefore, both thePosadaandLa Portal( the manger) take a very important Panama position in their celebration. The familyportaloften occupies the majority of the living room. The children collect plants, mosses, grasses, twigs, and sawdust to decorate it. Portals are completed with crafted wood, statues of Mary, Joseph, The Three Kings,and the shepherds http://www.blogigo.de/antionedsed/hi-there/1/ and their sheep. OnNoche BuenaChristmas Eve, The Christ child is placed in the manger just before the family attends theMisa del GalloChristmas Midnight Mass. A few days before Christmas, the Christmas tree is placed in the home. It is painted white and may be a small Cyprus tree or dried branches from the coffee plant.
More: http://www.costaricantimes.com/what-are-costa-rica-christmas-traditions/23573

From Costa Rica's Great Balls to Death Valley's wandering rocks: The 10 bizarre phenomena that still have scientists baffled

Reputed for its scenic beauty and Chiriqui cultural heritage, Costa Rica is an attractive tourist destination. Travelers staying at Andaz Peninsula Papagayo will be view able to enjoy the view of the ocean as well as the forest. We expect the strategic position, wide range of amenities offered at the 127-room hotel and its contemporary ambience to create a strong guest base, going ahead. Hyatt has set a trend in hotel designs with the luxury boutique brand Andaz which has spread its operations globally with 11 hotels across four countries since its launch in 2007. It is currently on a high growth trajectory. With the rise of the affluent middle-class population in Latin America, the inclination to spend on travel and leisure has somewhat risen. Apart from tourism, the region is also successfully emerging as a business hub.
More: http://finance.yahoo.com/news/hyatts-andaz-debuts-costa-rica-174502573.html

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