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Don’t Get Ripped Off Using the Buck in Costa Rica

Don’t Get Ripped Off Using the Buck in Costa Rica

The exchange rate in Costa Rica has remained a steady ₵500 colones to every US dollar for years, until recently. Over the last few months, the rate has jumped to… Read more »

Your ATM is Required if You are Leaving Costa Rica via Panamanian Border

Your ATM is Required if You are Leaving Costa Rica via Panamanian Border

I just wanted to provide a quick heads up to those who live or are traveling through Costa Rica. Most Costa Rican expats have heard of the $7 exit tax… Read more »

How to Avoid Personal Banking Disasters in Costa Rica

How to Avoid Personal Banking Disasters in Costa Rica

Personal banking at the large state-sponsored institutions in Costa Rica is not for the squeamish. There are many horror stories among expatriates about frozen funds, incorrect account information, blocked debit… Read more »

Domestic Tourism Fuels Industry in Costa Rica

Domestic Tourism Fuels Industry in Costa Rica

Ever since the collapse of the financial markets in 2008 gave way to a period of economic crisis and recession in many developed countries, tourism industry analysts in Costa Rica… Read more »

Panama – Costa Rica Border Now Checking Validity of Outgoing Plane Tickets

Panama – Costa Rica Border Now Checking Validity of Outgoing Plane Tickets

The Panamanian / Costa Rican border is in constant flux. The most recent change occurred quietly over the last few weeks. Panamanian border officials are now entering your ticket details into… Read more »

Costa Rica is Getting More and More Expensive. Here’s Why:

Costa Rica is Getting More and More Expensive. Here’s Why:

Is it more expensive to live in Costa Rica than in Mexico, Peru or Venezuela? A recent report by national TV network Teletica interviewed three well-traveled expats who are certainly… Read more »

Why Are So Many Foreign Companies Leaving Costa Rica?

Why Are So Many Foreign Companies Leaving Costa Rica?

April 2014 was not a good month for the business process outsourcing (BPO) sector in Costa Rica. Two big companies, Bank of America and Intel, shut down a major chunk… Read more »

Exit Costa Rica: The Beginning of the End for Intel?

Exit Costa Rica: The Beginning of the End for Intel?

Although Wall Street responded positively to Intel’s recent announcement of its decision to close its chip manufacturing, encapsulation and testing plant in Costa Rica, observers and some analysts who have… Read more »

Three Forthright Ways to Invest in Costa Rica

Three Forthright Ways to Invest in Costa Rica

When it comes to investing in Costa Rica, foreigners are usually at a disadvantage: They are often targeted by dubious investment schemes involving real estate, precious metals, agricultural commodities, wagers,… Read more »

Fighting “Hot Money” and Capital Flight in Costa Rica

Fighting “Hot Money” and Capital Flight in Costa Rica

At the Legislative Assembly this week, a proposal to empower the Central Bank to prevent speculative investments, hot money and capital flight in Costa Rica became law with 32 votes… Read more »

Professional Career Fields Become Saturated in Costa Rica

Professional Career Fields Become Saturated in Costa Rica

Biology, journalism and physical therapy are the three least-promising fields of study in Costa Rica. According to a report by daily tabloid La Teja, hundreds of biologists, reporters and physical… Read more »

Dangerous Curves: Sexism at ExpoMovil in Costa Rica

Dangerous Curves: Sexism at ExpoMovil in Costa Rica

ExpoMovil is the most prominent consumer trade show in Costa Rica, and its 2014 iteration was a massive success in terms of attendance and exposure. There were plenty of interesting… Read more »

Tourism Sector in Costa Rica Poised to Grow 5.5% in 2014

Tourism Sector in Costa Rica Poised to Grow 5.5% in 2014

The World Travel and Tourism Travel Council (WTTC), a forum for business leaders in this important global sector, recently released its 2014 economic impact report. Among the highlights of the… Read more »

Watch the Throne: BYD Battles Hyundai in Costa Rica

Watch the Throne: BYD Battles Hyundai in Costa Rica

Among the highlights of the 2014 ExpoMovil vehicle fair in Costa Rica, hybrid and plug-in electric cars are creating interest on prospective buyers. The Toyota Prius hybrid taxi has gotten… Read more »

Costa Rica’s 3rd Annual Craft Beer Festival at Avenida Escazu April 5th

Costa Rica’s 3rd Annual Craft Beer Festival at Avenida Escazu April 5th

Locally crafted beer will surprise palates at the Costa Rican Craft Brewers Association’s 3rd Annual Craft Beer Festival. -The Festival will take place at Avenida Escazu Saturday, April 5th beginning… Read more »

Hotel Tropico Latino in Santa Teresa Renews its Image

Hotel Tropico Latino in Santa Teresa Renews its Image

Reinventing a business is like soul-searching. Who are we? What are we about? What are we doing and why? It is a process not every business takes the time to… Read more »

Learn More About COOPENAE and Investing in Costa Rica

Learn More About COOPENAE and Investing in Costa Rica

Author’s Note: This article was submitted by Asdrubal Zamora Corrales as a response to Bank Interest Rates for Term Deposits in Costa Rica, published on March 10th, 2014. Mr. Zamora… Read more »

4th Annual Ruta la Paz Race to Benefit Nonprofit Alliance APEGUA

4th Annual Ruta la Paz Race to Benefit Nonprofit Alliance APEGUA

Flamingo, Guanacaste, Costa Rica: APEGUA (the Alliance for Progress of Education in Guanacaste) will be hosting a 5k/10k race on Saturday, May 3rd along the beautiful Guanacaste coastline. This popular… Read more »

Paradizio in Guanacaste: Affordable Condos in Costa Rica

Paradizio in Guanacaste: Affordable Condos in Costa Rica

Playas del Coco, Costa Rica. March 17, 2014 – The Paradizio condominium developers are excited to announce the debut of their new website and virtual sales office for prospective buyers… Read more »

Cheap Coffee in Costa Rica: Great Taste at Low Prices

Cheap Coffee in Costa Rica: Great Taste at Low Prices

In late 2012, Starbucks proudly introduced to the world its most expensive cup of coffee: $7 for a “grande” (tall cup) of Geisha grown at Finca Palmillera in the Tarrazu… Read more »

New Financial News Media Outlets in Costa Rica

New Financial News Media Outlets in Costa Rica

Two of the biggest global names in financial news media have recently expanded to Costa Rica and the rest of the Central American Isthmus. Bloomberg TV has teamed up with… Read more »

Costa Rica Seeks to Join OECD Anti-Corruption Working Group

Costa Rica Seeks to Join OECD Anti-Corruption Working Group

At a recent meeting of the Organization for Economic Co-operation and Development (OECD), Costa Rica’s Minister of Justice and Peace presented a formal request to join the working group dedicated… Read more »

Hotels in San Jose, Costa Rica See Lower Occupancy Rates

Hotels in San Jose, Costa Rica See Lower Occupancy Rates

Hoteliers in Guanacaste and other tourist hotspots in Costa Rica have been doing brisk business and are enjoying the high season thus far in 2014, but their counterparts in San… Read more »

Bank Interest Rates for Term Deposits in Costa Rica

Bank Interest Rates for Term Deposits in Costa Rica

UPDATE: please click here for more information about Coopenae in Costa Rica. Thank you to Asdrubal Zamora Corrales for the additional insights and information. Last week, the banking interest rate… Read more »

How Drugs and Virtual Currencies Intersect in Costa Rica

How Drugs and Virtual Currencies Intersect in Costa Rica

Silk Road. Bitcoin. Liberty Reserve. Ross Ulbricht. Arthur Budovsky. These are the respective names of an alleged online drug marketplace, two virtual currencies and two individuals accused by the United… Read more »

FATCA Puts Canada and Costa Rica in the IRS Pockets

FATCA Puts Canada and Costa Rica in the IRS Pockets

As Canadian snowbirds and visitors in Costa Rica were following the performance of their compatriot athletes at the 2014 Winter Olympics in Sochi, their Finance and National Revenue Ministers announced… Read more »

Energy at the Heart of Costa Rica – Nicaragua Border Conflict

Energy at the Heart of Costa Rica – Nicaragua Border Conflict

A petition by Costa Rica before the International Court of Justice (ICJ) to determine clear maritime boundaries on the issue of international borders with Nicaragua goes beyond the intentions of… Read more »

Clear for Takeoff: New Airport in Southern Costa Rica

Clear for Takeoff: New Airport in Southern Costa Rica

Over the next few years, the sublime and mysterious stone spheres at the Palmar Sur park indigenous park in Costa Rica will witness the construction of the Brunca Region International… Read more »

Inside Costa Rica: Broke, Bitter, and Venting?

Inside Costa Rica: Broke, Bitter, and Venting?

The following (below) is a “reader survey” sent out by Inside Costa Rica to their email list recently soliciting feedback from readers. It explains that Inside Costa Rica is not… Read more »

TEDx Pura Vida! Happening Today in Costa Rica

TEDx Pura Vida! Happening Today in Costa Rica

The TEDx Pura Vida 2014 event, with 25 local and foreign exhibitors presenting their innovative ideas, will take place today, February 27th, at the Auditorio Nacional del Museo de los… Read more »