President Laura Chinchilla This is not a border problem, it is the invasion of one nation to another.
After years of wondering if the day would ever come, today Costa Rican e-commerce got the boost it was looking for. Leading online payment processor, Paypal, today announced their alliance with Banco National (BN). What this means is that now, online sellers located in Costa Rica, can place a Paypal button on their online store [...]
Hundreds of people each year, pack up their bags, kids (if they have them), the family dog and fly off to Costa Rica to start their new lives. Trouble is…who can you trust to get an honest opinion on buying Costa Rica real estate? To be quite frank with you…there aren’t many. With a revolving [...]
According to the Central Bank, Costa Rica received in the first three quarters of 2011 over 1.500 million dollars in foreign direct investment. Compared to the same period of 2010, reflecting growth of approximately 52%, of which 27% corresponds to investment companies established in free zones. In terms of employment generation in 2011, 7,728 new [...]
HSBC operations in Costa Rica could be in the hands of the Colombian bank Davivienda, if carried out the transaction in coming days and receive formal approval by the Financial Superintendent of Colombia. The alert was given on Saturday by the magazine “Semana”, of that South American country, which said the deal would be around [...]
The first annual payment of the new tax to limited companies will be collected during the month of April, confirmed yesterday the Ministries of Finance and Justice. This year, the fee will be of ¢ 135,000 for legal persons that are active and those inactive will pay ¢ 68,000 (which have no commercial operations that [...]
The announced increase in interest rates is beginning to be felt, said Finance Minister Fernando Herrero. In the auction of titles that the Government made yesterday for the performance period of three months was 7% higher to 6.20% in December. Herrero said that the government has important bills to pay in the first half of [...]
2012 is looking positive for the Costa Rica real estate mega development project in Playa Matapalo in Costa Rica’s Southern Zone. After years of uncertain market conditions, permitting and a plethora of other hurdles, Hacienda Matapalo is set to go vertical in 2012. It was reported that the project sold over $60m in pre-sales of [...]
The average price of the dollar in the wholesale market (Monex) rose in the last two days by ¢ 10.37. The price of the currency ended yesterday at ¢ 515.88. Prices at the bank counters were also adjusted. The cost of buying and selling rose nearly ¢ 7 in the last two days. The average [...]
There is no doubt that the real estate market in Costa Rica has dwindled in part to declining worldwide economy. While Ticos have been quick to by property, a large part of the property sold is generally bought by the British and Americans who are currently seeking every way they can to hoard their money. [...]
Lately we’ve been witnessing a lot of talk about raising taxes, enforcing existing taxes and creating new ones – is Costa Rica trying to save a sinking ship? All over the world there are “Occupy Movements” however they tend to appear mostly, in countries fighting to keep their heads above water during the toughest economic [...]
