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    Costa Rica Imports Slowed Slightly in Last Half 2012

    During the first half of the year there was big growth in imports, while for the second half growth slowed, this is reflected in...

    Costa Rica leads the Latin American Democratic Development Index

    Costa Rica tops the list for the first time in the last Latin American Democratic Development Index in 2012, prepared by the consulting Polilat...

    Public Service Tax Hikes for 2013

    2013 will bring public service tax hikes to Costa Rica. Electricity, buses, and municipal services and one cut in fuel prices. The Regulatory Authority...

    Financial Institutions Pressing Back on Foreign Account Tax Compliance Act

    US Tax Payers with accounts get compliance date pushed ahead to 2014 The Law on Foreign Account Tax Compliance (FATCA, Foreign Account Tax Compliance Act),...

    Social Security Fund asks for 2.5 Billion for 2013 Budget

    The Social Security Fund (CCSS) asked the Comptroller General of the Republic for a total of 2.5 billion colones to deal with the 2013...

    State of the Union: A Society and Political System Struggling with Management Problems

    Costa Rica must overcome a number of challenges such as moderate economic growth, society issues, environmental management problems and a political system charged at...

    Costa Rica Public Bank Interest Rates Go Up

    Banco de Costa Rica, Banco Popular, National Bank weigh in on rising interest rates and demand for more Colones Public banks say competitive reasons causing...

    Costa Rica Exports Continue to Grow even with Global Slowdown

    Costa Rica exports continue to grow: The PROCOMER Export Report (January 2012 to September 2012) which is the number of exported goods from Costa...

    Costa Rica – Deutsche Bank and Citigroup to Place Eurobonds

    Costa Rica's government announced today that Deutsche Bank and chose to Citigroup as banks responsible for the placement of foreign bonds known as "Eurobonds"...

    Bridgestone Shared Services Generates 120 New Job Positions

    Costa Rica employment opportunities continue to rise as Bridgestone continues to expand its footprint in Costa Rica. After long and careful analysis Costa Rica...

    Costa Rica Economy Winning but Still Struggling with Public Debt

    Costa Rica economy and GDP growth rate are seeing better management as government struggles to navigate the Global Economic Crisis. Costa Rica’s domestic and foreign...

    National Budget Reflects Concerns

    Ayales Edgar, Minister of Finance and the Legislature recognized that during the preparation of the national budget with Roberto Gallardo, planning was minimal and...

    China Donates $ 8 million for Costa Rica Police Academy

    After the last trip to China, the President of Costa Rica, Laura Chinchilla, announced a series of agreements with the Asian nation, including a...

    Costa Rica Property Sales Decline 5th Consecutive Month Means Buyers Market

    House and property Sales drop again for the 5th consecutive month, which means a buyers market for investors. Property sales in Costa Rica fell by...

    Investing In Latin American Growth Markets

    Investors and big multinationals are tuning into the largest and fastest emerging market on the planet. Latin America has always been an exciting region to...

    Costa Rica: Exports grow 16%

    Costa Rica exports grew 16.1% in the first three months of 2012, by comparison with the same period of last year, according to the...

    Canada, Costa Rica To Expand FTA

    Canada and Costa Rica have concluded a third round of talks on the expansion and modernization of their existing free trade agreement (FTA). The latest...

    Costa Rica to Start Trade Talks With Korea, Colombia in 2012

    (Bloomberg) - Costa Rica plans to start negotiating free trade agreements with South Korea and Colombia this year and complete an accord with members...

    Costa Rica Announces New Fiscal Measures to Contain Deficit

    SAN JOSE, COSTA RICA, April 18 (Reuters) - Costa Rican president Laura Chinchilla announced a new set of measures to contain the country's growing...

    New Tax Compliance Procedures Improve Costa Rica’s Ranking in Doing Business Index

    Fernando Sánchez, managing partner of Russell Bedford Costa Rica, comments on World Bank Paying Taxes survey  Recent reforms to its tax administration have seen Costa...

    Pollo Tropical Opens First of Five International Franchise Locations in Costa Rica

    First San Jose Location Opening Just Five Months after Signing Agreement MIAMI, Mar 22, 2012 (BUSINESS WIRE) -- Miami-based Pollo Tropical® announces the opening of...

    Coffee Growers Forge a Futures Recovery

    NARANJO, Costa Rica—Coffee producers in the heart of this region that grows top-notch beans learned a tough lesson in 2001, the last time prices...

    Costa Rica Tax Changes Pass to Supreme Court After Congress Vote

    Costa Rica’s Congress last night gave initial approval to an overhaul of the tax system aimed at paring a fiscal deficit equal to more...

    Costa Rica Enjoys Economic Stability

    In Latin America, many regard the United States as somewhat of a colossus to the North. Symbols of red, white and blue have long...

    Costa Rica for Retirement: A Stable Democracy

    When North Americans face the realities of a reduced income after retirement, many of them look abroad for places to move that offer a...

    Costa Rica Stability – Economic, Political, and Social

    Amidst the political and social turbulence that plagues many of the Latin America countries, Costa Rica has been able to sidestep that. The economic,...

    Costa Rica: Prototype for the Future?

    Most of us would have to get a map to know where Costa Rica is located. It is not a country that has been...
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    Foreign investment in Latin America up 40% in 2010 – U.N.

    The Latin American and Caribbean region showed great resilience to the international financial crisis according to a newly released U.N. report on foreign direct investment (FDI) in 2010. Costa Rica was the second largest recipient in Central America.
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    Costa Rica receives positive economic ratings

    Fitch Ratings, an international economic ratings service, has given Costa Rica a thumbs up for its financial climate.

    Costa Rica’s government cuts public spending to reduce economic imbalance

    The government of Costa Rica has announced certain measures to deal with the increase in government spending in order to improve the public financial state.

    Costa Rica exports to the U.S. increased 24.1% in 2010

    Exports to the United States rose 24.1% in 2010, according to figures provided by the Promotora del Comercio Exterior de Costa Rica (PROCOMER).
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    Tax reform raises the cost of buying and owning a car

    A tax bill was presented by the government last Monday that proposes an increase of 10 percentage points in the selective consumption tax and a rise of 2.5% to 3% transfer tax on vehicles.

    Government proposes sales tax of 14% in fiscal reform

    On Tuesday, the Costa Rican government presented to Congress a fiscal reform plan that proposes to transform the sales tax on a value added tax (VAT) and increase its rate from 13% to 14%.

    Costa Rica rated higher in 2011 Index of Economic Freedom

    This year, Costa Rica improved in the Index of Economic Freedom, which is published in January of each year by the Heritage Foundation and The...

    Banco Nacional will offer loans of ¢850,000 million in 2011

    For the coming year, the state agency intends to place ¢850,000 million, nearly 10 times the figure given in 2010, which amounted to ¢88,300 million.

    A lull in tourism brings national income down: Hope for change on the horizon

    The percentage of tourists entering Costa Rica has increased 13%, and working tourists, 7%. However, the national earnings from foreign workers failed to cover...

    Costa Rican exports predicted to increase in early 2011

    National exports are predicted to show real growth in the first third of this year. So expects the Ministry of Foreign Trade (COMEX) and industrialists, alleging that in 2010 they almost made it out of the hole caused by the crisis of 2009.

    Gold Mining in Costa Rica still drawing growth

    TCRN STAFF: The gold mining industry in Costa Rica has always been in the hands of foreign investors who have taken advantage of sizeable tax...

    Real Estate Continues Upward Trend

    TCRN Staff: Costa Rica's recovery continues gaining ground. Costa Rican's are taking advantage of low price points. Surveyed realtors in Costa Rica the market continues 2010...
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    Costa Rican Company is selected in Top 25 Energy Entrepreneurs

    UBA is a biofuel development and advisory organization based in Costa Rica. While it has numerous biofuel initiatives in outreach and planning, commercialization and deployment, and research and development, these initiatives are part of the Million Gallon Challenge, a goal to produce 1 million gallons of green diesel per day.
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