Except for construction, bank loans in Costa Rica increased across the board in 2014
Business
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Business
76 views2

Except for construction, bank loans in Costa Rica increased across the board in 2014

L. Arias - February 5, 2015

Costa Rican banks last year registered positive numbers for all but one of their credit options available to both personal and commercial loan portfolios. Loans for the construction sector registered a decrease, the Costa Rican…

Government postpones project to expand Circunvalación beltway
Environment and Wildlife
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Environment and Wildlife
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Government postpones project to expand Circunvalación beltway

L. Arias - December 17, 2014

The National Roadway Council (CONAVI) on Wednesday confirmed the decision to postpone the first stage of expansion of the Circunvalación, a belt route bordering the capital’s central canton, until Housing Ministry…

Regulatory agency rejects increase in vehicle inspection rates
Business
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Business
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Regulatory agency rejects increase in vehicle inspection rates

L. Arias - November 26, 2014

The cost of mandatory technical vehicle inspections in Costa Rica will remain unchanged for the next 12 months, as the Public Services Regulatory Authority (ARESEP) on Tuesday…

Mandatory vehicle inspection agency seeks up to 200 percent increase in prices
Business
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Business
101 views4

Mandatory vehicle inspection agency seeks up to 200 percent increase in prices

L. Arias - November 21, 2014

The Public Services Regulatory Authority (ARESEP) announced Tuesday that RITEVE SyC, the private company responsible for certifying mandatory technical vehicle inspections, submitted rate hike requests of up to…

Costa Rica struggles to manage $1.7 billion in development loans
Business
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Business
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Costa Rica struggles to manage $1.7 billion in development loans

Zach Dyer - November 8, 2014

The Finance Ministry and the Inter-American Development Bank (IDB) have been trying to speed up the implementation of more than $1.7 billion worth of development loans in…

Costa Rican authorities investigate alleged payments to known criminals to stage violent protests in Caribbean port city
Business
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Business
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Costa Rican authorities investigate alleged payments to known criminals to stage violent protests in Caribbean port city

David Boddiger - October 29, 2014

Authorities in Costa Rica have opened active criminal investigations to determine who organized the ongoing acts of violence and vandalism that began last week and continued through Monday during…

More than 85 percent of Limón residents support new port terminal, poll claims
Business
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Business
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More than 85 percent of Limón residents support new port terminal, poll claims

Zach Dyer - October 29, 2014

A solid majority of Limón residents say that a $1 billion APM Terminals port project will be a positive thing for the impoverished region, according to a survey from…

Limonenses weigh in on Moín Port expansion and the ongoing dockworkers strike
Business
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Business
115 views2

Limonenses weigh in on Moín Port expansion and the ongoing dockworkers strike

Lindsay Fendt - October 28, 2014

Sometimes it seems that those who yell the loudest receive the most attention. All of Costa Rica is watching as striking dockworkers march through the streets of…

Why Waze is so incredibly popular in Costa Rica
Expat Living
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Expat Living
180 views2

Why Waze is so incredibly popular in Costa Rica

Matt McFarland | The Washington Post - October 28, 2014

See also: Waze partners with San José to improve city traffic "It's a nightmare." That's how Eduardo Carvajal describes the Costa Rican way to give an address. "If…

Middle-income families still struggle to buy a home in Costa Rica despite more lending
Business
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Business
139 views1

Middle-income families still struggle to buy a home in Costa Rica despite more lending

L. Arias - September 10, 2014

During President Laura Chinchilla's term from 2010-2014, administration officials and lawmakers passed nine pieces of legislation and one executive decree aimed at helping middle-income Ticos buy homes. Yet despite the effort,…