Bank Collateral Sales in Costa Rica Up 42%At the Banco de Costa Rica the volume of assets received in lie of payment increased by 70% compared to 2011.Tuesday, March 26, 2013
A survey by Elfinancierocr.com between 6 financial institutions, including the four public banks in the country, revealed that in February of this year, there were 1259 properties in their possession, in contrast to the 884 properties that were reported in the same period 2012, ie there was a 42% increase. Source: elfinancierocr.com ¿Busca soluciones de inteligencia comercial para su empresa?Costa Rica: Embargo Eliminated from Law on Tax EvasionJune 2015 The new draft law on tax fraud prepared by the opposition and which must be reviewed by the Ministry of Finance excludes the concept of collection and seizure by administrative authorities. Banks or Real Estate Agents?August 2013 State Banks in Costa Rica have a portfolio of over 2,300 properties from the repossessions made because of mortgage defaults. Embargo on McDonalds MesoamericaAugust 2012 Failure to pay $24 million in compensation to Servipronto has led to an embargo of the brands McDonald's, Quarter Pounder, Big Mac and Ronald McDonald's. Embargoes to Salvadoran Farmers SuspendedSeptember 2009 The Legislative Assembly passed a series of measures favoring the agriculture sector.
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