Fire sale: Banco Popular lists 200 properties at up to 60 percent off, up to 100 percent financing
Costa Rica’s Banco Popular announced on Thursday the listing of 195 bank-owned properties at prices up to 60 percent off from their appraised value.…
Despite controversy, Costa Rica’s women’s-only bank, Banca Kristal gained thousands of customers in first month
Costa Rica’s controversial women’s-only bank, Banca Kristal, says it attracted nearly 10,000 new customers in December, its first month in operation.…
Luxury home tax deadline is Friday; new penalty of up to 150 percent imposed
The annual tax on “luxury” homes, known as the Solidarity Tax, must be paid by Friday, January 15th to avoid penalties and interest, including a new penalty this year for…
Canal consortium faces criminal complaint in Panama for allegedly inflating costs
The consortium responsible for the main Panama Canal expansion project is the subject of a criminal complaint in the Central American country for allegedly inflating its cost overrun claims.…
Costa Rica’s “base salary,” used for calculating everything from court fines to child support, increases to ¢424,200
What is known in Costa Rica as a “base salary” and is used as a benchmark in determining everything from court fines to child support has been set at ¢424,200…
Panamanian president urges Canal consortium to stop waging media battle
President Juan Carlos Varela said Saturday that the inauguration of a newly expanded Panama Canal would take place in May in the presence of several heads of state and government,…
Spain’s Gamesa and Iberdrola to build 4 wind farms in Costa Rica
Spain's Gamesa, a manufacturer of wind turbines, said it and Iberdrola Ingenieria signed a contract to build four wind farms with 80 MW of generating capacity in Costa Rica.…
AyA asks to increase water rates 49.5 percent for conservation, protection of water resources
The Costa Rican Institute of Aqueducts and Sewers (AyA) has requested permission from the Regulatory Authority for Public Services (ARESEP) to increase customers’ water bills by 49.5 percent between 2016…
