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Closure of Intel manufacturing slowed export growth, latest report shows

August 21st, 2014 (InsideCostaRica.com) Costa Rican exports for the first seven months of 2014 grew just 1.4%, according to the latest report by foreign trade promoter, Procomer.   According to…

Guanacaste water shortage has hotels threatening to close their doors, layoff staff

August 21st, 2014 (InsideCostaRica.com) PLN lawmaker, Juan Marin said this week that the chronic water shortage in Guanacaste is so bad that nine hotels in Tamarindo and Langosta are threatening…

BCR, Banco Nacional introduce 40-year mortgages

BCR, Banco Nacional introduce 40-year mortgages

August 21st, 2014 (InsideCostaRica.com) The State-owned banks, Banco de Costa Rica (BCR) and Banco Nacional have introduced 40-year mortgages in colones, the longest term offered to date in the country.…

At least 23 new hotels coming in the near future; will add nearly 2,500 rooms

At least 23 new hotels coming in the near future; will add nearly 2,500 rooms

August 19th, 2014 (InsideCostaRica.com) Another 23 new hotels that are under construction or with approved construction permits will add an additional 2,444 rooms to the country’s inventory, according to the…

Costa Rican Oil Refinery in long battle with tax authorities

Costa Rican Oil Refinery in long battle with tax authorities

August 19th, 2014 (InsideCostaRica.com) The Costa Rican Oil Refinery (RECOPE) has been charged more than $180 million (¢96.6 billion) in penalties and interest by the Treasury as the result of…

Panama Canal turns 100 years old today amid growing pains

Panama Canal turns 100 years old today amid growing pains

August 15th, 2014 (VOA) The Panama Canal turns 100 years old today. Officially opened on August 15th, 1914, the 77-kilometer channel joins the Atlantic and Pacific Ocean at the isthmus of…

Drought in Guanacaste has already caused losses of nearly $38 million

August 13th, 2014 (InsideCostaRica.com) Costa Rica’s Guanacaste province, which has been especially hard hit by the worst drought the country has seen in 75 years, has already experienced nearly $38…

Tax authorities scouring Internet, social networks for vacation rentals

Tax authorities scouring Internet, social networks for vacation rentals

August 13th, 2014 (InsideCostaRica.com) Costa Rican tax authorities said in recent days that they have begun scouring the Internet and social networking sites such as Facebook for those advertising vacation…

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