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Construction of Nicaragua Canal to begin on December 22nd, officials say

Construction of Nicaragua Canal to begin on December 22nd, officials say

November 21st, 2014 (InsideCostaRica.com) The construction of a $50 billion USD interoceanic canal through Nicaragua which would dwarf the Panama Canal is set to begin on December 22nd, Nicaragua officials…

Interest payments on government debt grew 177% in October

November 21st, 2014 (InsideCostaRica.com) Interest payments on the government’s foreign and domestic debts grew 177% in October versus the same month last year, according to information released by the Ministry…

Hotel Europa agrees to pay former employees, blames Costa Rica business climate for closure

November 20th, 2014 (InsideCostaRica.com) The Hotel Europa will pay the outstanding payrolls today of 300 former employees left jobless after the sudden closure of the hotel on Tuesday, Minister of…

Hotel Europa closes its doors after more than 100 years

November 19th, 2014 (InsideCostaRica.com) San Jose’s Hotel Europa, owned by accused high-yield investment fraudster, Luis Milanes closed its doors yesterday, leaving some 300 employees suddenly out of work.   The…

Reducing extreme poverty will depend on tax revenue: President Solis

Reducing extreme poverty will depend on tax revenue: President Solis

November 19th, 2014 (InsideCostaRica.com) The government’s promise to cut in half the number of households living in extreme poverty will depend upon improved tax collection and tax reforms next year,…

Riteve wants to triple the price of vehicle inspections

Riteve wants to triple the price of vehicle inspections

November 19th, 2014 (InsideCostaRica.com) Riteve (RTV), which is in charge of annual mandatory motor vehicle inspections, submitted a request on Monday to regulator ARESEP to more than triple its inspection…

President Solis to discuss immigration, trade, security on official visit to Panama

November 18th, 2014 (InsideCostaRica.com) President Luis Guillermo Solis will pay an official visit Wednesday to Panamanian president, Juan Carlos Varela.   The leaders and several ministers are expected to discuss…

Accused fraudster, Luis Milanes shutters Europa, Radisson casinos; fires 220 workers

Accused fraudster, Luis Milanes shutters Europa, Radisson casinos; fires 220 workers

November 18th, 2014 (InsideCostaRica.com) Accused high-yield investment fraudster, Luis Milanes shuttered his casinos at the Europa and Radisson hotels in downtown San Jose, firing all 220 staff members.   Milanes,…

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