Looking for Legislative Seat in Costa Rica

Banco de Costa Rica analyzes possible options for moving the seat of the Legislative National Assembly.

Tuesday, February 15, 2011

Originally the institution would be placed in a building located in the Zapote area, near the presidential home, but the operation was unsuccessful.

Legislative representatives said they considered a 23.5 million property, also near the presidential home, but the owner desisted in selling the property and the Bank is evaluating 8 other options.

"On December 10 Banco de Costa Rica signed a trust agreement with the Legislature to find a new building. The Bank undertook the mission to locate a property and find also a temporary home for Congress, while building the new seat. The current offices were declared uninhabitable by the Ministry of Health" explains Nacion.com.

More on this topic

Costa Rica's INS Seeks Land for $3.5 million

June 2012

The National Insurance Institute is inviting bids for the purchase of land to be used as parking for its headquarters building in San Jose.

The land purchase is for the purpose of accommodating parking for the headquarters building of the National Insurance Institute in San Jose.

Costa Rica: Trusts to Manage Properties

September 2011

Greater knowledge of these financial tools is driving their use in the country.

Equity and Guarantee Trust funds are the most popular of these types of instruments in Costa Rica, where more and more companies and individuals are choosing to manage their properties using this alternative.

Biodiesel Company Acquires More Land in Costa Rica

November 2010

Alternative Fuels Americas announced the purchase of additional 200 ha in the province of Guanacaste.

The company now has access to more than 5,000 hectares (12,000 acres) of land, with potential to produce more than 9.6 million gallons of biodiesel a year - expected to generate more than $ 22 million in annual revenues, based on current oil prices.

Bulgarian join race for real estate in Panama and Costa Rica

May 2008

Erna, a Bulgarian real-estate agency, is now offering properties in Costa Rica and Panama to potential Bulgarian buyers. Erna says interest is growing because the weakness of the US dollar is pushing down prices for Europeans.

In an interview with Efe news agency, Erna's director, Petronia Staykova, said the company had already received 10 requests for properties in Central America and the Caribbean and was lining up more clients.

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