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Passport and money Say Hello to the Floating US Dollar in Costa Rica

The Greenback Starting this Monday, February 2nd, the strongest international currency in the world will no longer be subject to the caps and limits imposed by the Central Bank of Costa Rica over the last eight years. Since October 2006, the value of the United States dollar (USD) against the colón (CRC) was controlled by “bandas cambiarias” (exchange bands), which established a floor and ceil...

Source: Johnny Rockets There’s No Stopping Johnny Rockets in Costa Rica

Source: Johnny Rockets A new Johnny Rockets restaurant opened in Costa Rica during January, and the California fast-food chain is not planning to slow down its expansion in our country. The new franchise location is situated in the heart of Downtown San Jose, precisely in the Plaza Universal food court on the Avenida Central pedestrian boulevard. According to a news report filed by Nancy Al...

Source: Pure Booking Engine from Costa Rica Plans Expansion

Source: Pure LAS VEGAS, Jan. 27, 2015 /PRNewswire/ -- Pure Hospitality Solutions, Inc., (OTC: PNOW) announced today, that the Company has moved to engage the services of the Sabre Travel Network, potentially adding 125,000 base hotels to the Oveedia platform. Aside from Pure's Central American-Caribbean niche, Sabre brings an affiliate network of over 400 airlines, 16 cruise lines and more tha...

Boeing 737 engine Air Costa Rica May Soon Start Flying

Boeing 737 engine Ever since the esteemed airline LACSA ceased operations, air travelers and the aviation community have been anxiously waiting for the day Costa Rica will once again have its very own international airline. That day may come later this year as the General Directorate of Civil Aviation (Spanish initials: DGAC) is preparing to officially certify Air Costa Rica in the next few mo...

Source: Wikimedia Commons Sovereign Credit Rating of Costa Rica Remains Negative

Source: Banco Central NEW YORK--(BUSINESS WIRE)--Fitch Ratings has revised the Rating Outlook on Costa Rica's Long-term foreign and local currency Issuer Default Ratings (IDRs) to Negative from Stable and affirmed the IDRs at 'BB+'. The issue ratings on Costa Rica's senior unsecured foreign and local currency bonds have been affirmed at 'BB+'. The Short-term foreign currency IDR has been affir...

Source: Wikimedia Commons When “VIP” Means Bad Customer Service in Costa Rica

Source: Wikimedia Commons In the world of commerce, the term VIP (Very Important Person) is often attached to products and services that conform to a premium level and thus command a much higher price. The VIP label can be attached to just about any situation, and it does not really mean that the person acquiring premium goods or services is more or less important than anyone else; however, it...

Source: Pure Luxury Properties in Costa Rica Get a Tech Boost

The luxury real estate market in Costa Rica is growing at a gradual, reserve pace. Until there is a significant surge in demand for luxury properties, homeowners who are looking to earn income from their lavish dwellings should look towards capturing the growing market of travelers looking for upscale accommodations in Costa Rica. To this end, Pure Hospitality Solutions is a firm dedicated to deve...

Source: Wikimedia Commons Growing Vegetables for Asian Markets in Costa Rica

Source: Wikimedia Commons Farmers and grocers in Costa Rica sometimes lament certain facts of free trade and globalization; to with: A significant portion of garlic, rice and even black beans, all staples of traditional cuisine in this country, are actually imported from China. Due to the agricultural economic background of Costa Rica, some may consider this to be a trade imbalance; however, s...

Source: Flickr Commons Annual Tax on Corporations Costs Nearly $400 in Costa Rica

Source: Flickr Commons The cost of doing business in Costa Rica is getting a bit more expensive as the national economy adjusts to inflation. For the year 2015, the corporate tax (fee) on active domestic and foreign business entities such as sociedades anonimas (S.A.) and the simpler responsabilidad limitada (S.R.L) has been set at 201,700 colones (about $375 at today’s currency exchange rate)...

Source: DrinkBai.com Costa Rica-Themed Drink Showcased by Amazon Prime

Source: DrinkBai.com In recent years, e-commerce giant Amazon has become the most efficient of Santa’s helpers. To wit: the company recently released amazing facts about its membership-based Amazon Prime service, which allows online shoppers to get lightning-fast deliveries, expedited service and enticing deals just in time for Christmas. It so happens that the last present delivered by Amazon...

Source: Flickr Commons Grinch Bosses Refuse to Pay Holiday Bonus in Costa Rica

Source: Flickr Commons Since Monday, the number of complaints by workers who have not received their mandatory holiday bonus, known as Aguinaldo, has climbed to 70. According to a report filed by Jarmon Noguera of daily newspaper La Prensa Libre, the Ministry of Labor has entered 24 judicial actions against employers who have not yet paid the 13th month of pay as dictated by law in Costa Rica....

Source: Tigo CR Cable Operator Tigo Acquires Telecable in Costa Rica

Source: Tigo CR Tigo Star, one of the largest providers of cable television, broadband Internet and virtual telephony services in Costa Rica, has tendered an application before the Superintendence of Telecommunications (Spanish acronym: SUTEL), to acquire the assets and subscribers of Telecable, a residential and business provider that has a significant presence in the provinces of Alajuela, S...

Source: Flickr Commons Priceline.com Mentions Costa Rica as Top Travel Destination

As the United States continues to climb out of the Great American Recession, tourists are busy planning their 2015 vacation. Latin America is emerging as a favorite region for U.S. tourists to visit, and Costa Rica is returning to the annual list compiled by online travel site Priceline.com.   According to Priceline, Costa Rica is the fifth nation on the Top Ten list of international tr...

inflation Stiff Penalties for Tax Dodgers in Costa Rica

Failure to report income from business operations or from professional services rendered through self-employment activities in Costa Rica could result in up to $80K in penalties. Not all business owners or self-employed professionals are potentially affected by this fine; only those who acquired goods up to $5K in value or who rendered a professional service worth more than $100 throughout the tax...

Cosi Fast-Food Sector Continues Expansion in Costa Rica

Quick-service restaurants (QSR) make up one of the most active and potentially lucrative business sectors in Costa Rica. As previously reported by The Costa Rica Star, Tico consumers have an ongoing love affair with fast food, particularly when some level of novelty is involved. Enter Cosi, a United States-based restaurant chain specializing in the fast-casual dining segment. This company has gott...

cell phone and tablet Mobile Subscriber Growth Predicted in Costa Rica

When it comes to mobile communications and paid television markets, Costa Rica is poised to grow and foster a solid landscape for business competition. Such is the determination of a new report being offered by Research and Markets. This new report is titled Costa Rica: Pending LTE Auction Will Help Balance Mobile Operators' Spectrum Holdings, Boosting Competition, and it was produced by Pyramid R...

mosquito Fighting Dengue and Malaria with Blankets in Costa Rica

Although Costa Rica has the lowest regional mortality rate for vector-borne diseases such as dengue and malaria, the fact remains that children from low-income families are the most affected by mosquito bites. As recently reported by The Costa Rica Star: The most dangerous organism in Costa Rica is not even a vertebrate, but it kills approximately three quarters of a million humans each year. ...

Precision Wire Irish Medical Device Firm Could Bring Jobs to Costa Rica

A medical device outsourcing firm based in Galway, province of Connacht, has acquired the assets of a foreign firm operating in Costa Rica that could result in additional jobs for their manufacturing facility in Heredia, a municipality where outsourcing is a major industry. According to a recent news article by Gavin Daly of the Sunday Times of London, Creganna, a Galway-based medtech group, is li...

Source: Spirit Spirit Will Fly 4 Times a Week to Costa Rica in 2015

Source: Spirit One of the most successful discount airlines in the United States recently announced an increase in the frequency of its flights between Houston and Costa Rica starting on May 28, 2015. Earlier this year, Spirit Airlines made news when it repainted many of its aircraft in a bold and bright yellow pattern that makes their passenger jets look like big New York City taxis in the sk...

Al Dia Costa Rica: 2 News Dailies and 1 Magazine Stop Circulating

Grupo Nacion, the most powerful media group in Costa Rica, is restructuring its operations by shutting down two daily newspapers and a monthly magazine. Sports daily Al Dia will cease publishing in late November and home design magazine Su Casa will circulate for the last time in December. The other news daily being axed is Ahora, which was a trial newspaper that aimed to reach younger middle clas...