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COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

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Costa Rica to Sell Two State Banks to Cover Public Debt

Costa Rican President Rodrigo Chaves announced on Tuesday that his government plans to sell state-owned banks BICSA and BCR for the equivalent of almost...

Costa Rica Money Laundering Investigation Results in 35 Raids

The Organization of Judicial Investigations (OIJ) launched 35 simultaneous raids early this morning as a part of a case of an alleged large scale...

New Costa Rica Law Guarantees Bank Loans for Companies Affected by Pandemic

The President of Costa Rica signed, this Wednesday, the "Law for the creation of the National Guarantee Fund for the support of companies affected...

Costa Rica proposes reducing salaries of Central American Bank directors

CABEI, based in Honduras, has as regional partners Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama and the Dominican Republic.

Several institutions suspend operations due to Orange Alert

Several Costa Rican institutions have reduced or suspended operations this week due to the Orange Alert that comprises the Greater Metropolitan Area (among other cantons).

BCR confirms financial information has leaked after cybercrime group claims to publish private data [updated]

Banco de Costa Rica said it has not found evidence that sensitive information has been compromised.

Why escrow deposits make sense when purchasing a property

When you want to purchase a property in Costa Rica and the funds to pay for that property come from outside the country, your funds will be frozen for sure. The reason for the Costa Rican government’s control over arrival of new funds to bank accounts is to monitor money laundering and drug trafficking.

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