UNA report indicates that these destinations feature exclusive tourist enclaves separated from local communities.A report from the Observatory of Tourism, Migrations, and Sustainability of the Chorotega Region (Obtur) identified a tourism development model in Guanacaste characterized by the creation of exclusive enclaves that coexist with local communities without integrating. The analysis, focused on...
"It is a major setback for protecting the coasts, ecosystems, and the rights of the communities," they said.A total of 70 social organizations and more than 170 people said they did not support the comprehensive reform project to the Law on the Maritime Terrestrial Zone (File No. 22,553). This project was proposed in the previous Legislative Assembly by the social Christian and current Costa Rican...
For the first time this year, the US Federal Reserve (Fed) reduced interest rates by a quarter of a point on Wednesday, resulting in a range of 4% to 4.25%. The Fed's decision is made in the context of a tense climate, which is exacerbated by President Donald Trump's pressure to reduce interest rates and the uncertain economic prognosis for the United States. Fed Chairman Jerome Powell stated that...
Millionaires are drawn to Costa Rica. According to projections, 350 foreign millionaires will have relocated to the nation by the conclusion of 2025. This makes it the Latin American country that attracts the most economic aristocracy, according to the Millionaire Migration Report, which is published annually by the investment firm Henley & Partners and the intelligence company New World...
Since its inception in 1966, Costa Rica's condominium property regime has undergone substantial change and developed into a crucial pillar for housing and urban development. But like every system that develops and changes, it has problems that call for modern fixes. Bill 24,640, recently introduced by Deputy Daniela Rojas and other deputies, intends to strengthen condominium governance and update it to...
Despite ongoing geopolitical tensions, a robust desire to travel, particularly in Europe and Asia, saw global tourism return to its 2019 record level last year after four years of challenges brought on by the COVID pandemic. Around 1.4 billion tourists visited other countries in 2024, up 11% from 2023, according to a UN Tourism forecast released Monday. The number is the same as it was in 2019, the...
Sellers who participate in "relevant activities" on digital platforms will have their information gathered. Beginning January 1, 2025, digital platforms that make money for a portion of Costa Ricans will be required to start gathering data, including the names of service providers, the amounts deposited, and the account numbers to which the payments are made. This is the case with Airbnb, an...
Costa Rica, celebrated for its biodiverse rainforests, distinctive sandy beaches, and reputation as a year-round surfing destination, is also a vibrant center for global manufacturing, life sciences, and technology enterprises. The nation is renowned for its renewable energy inventions and is currently drawing billions of dollars in foreign investment, with these industries expanding at an unprecedented...
Costa Rica's gentrification phenomena has been harshly attacked by Camilo Flores, Osa's general attorney, who has called it a type of "neo-colonization." Foreigners are displacing entire villages and purchasing land that is inaccessible to Costa Ricans, as Flores pointed out.Living in a seaside location of Quepos gives me intimate knowledge with it. Flores told the local news outlet Nuestra Voz that...
A law known as distributed generation, which was put into effect in Costa Rica in December 2021, intends to encourage the use of renewable energy generated locally, in businesses, or at home. Generally speaking, installing solar panels is the most popular method of producing renewable energy on this scale—at least in the nation. Nevertheless, since the law went into effect, hardly many new contracts...
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