Costa Rica News - Aug 01, 2005

NO To Increase in Telephone Rates

The Autoridad Reguladora de los Servicios Públicos (Aresep) said no to a request by the Instituto Costarricense de Electricidad (ICE) for an increase in telephone rates. ICE has made a request for a 14% increase for fixed as well as cellular telephone lines. The Aresep said that it denied the request because ICE has yet to compensate its customers for the interruption of services of the strike in May and June of 2003.

Retiring Abroad Could Make Good Economic Sense
By HILLARY CHURA The New York Times

These days, some Americans heading for retirement are as concerned with pesos as with pensions, and with foreign-language classes as with Medicare. They are part of an emerging population expecting to spend their retirement abroad.

In 2006, baby boomers will start hitting 60 at a rate of more than 4 million a year. More mobile, active and adventuresome than prior generations, these 78 million Americans are rethinking retirement. Many will be lured overseas by a more affordable cost of living and temperate weather. Some will want to return to their native countries or to places where they once worked or studied.

Though out-of-country retirement is not the norm, it is likely to become less of an anomaly, experts say. Many baby boomers have been relocating their entire careers. An estimated 4 million Americans live abroad, but there is no data on how many are retired, according to the State Department.

It's tough for Americans on a fixed pension to stay put, so they're looking elsewhere.

Mexico, Costa Rica and Panama are common retirement havens, but Nicaragua, Honduras, Ecuador and English-speaking Belize are making a push to attract retirees. Various countries in Europe are also viable alternatives, but current exchange rates make them less attractive for those with limited resources.

Sotheby’s International Realty Expands to Costa Rica

Exclusive master franchise rights for the Sotheby’s International Realty brand in Costa Rica, the Dominican Republic, the Bahamas and Anguilla. The master franchisees will develop a system of real estate offices in each respective country that will operate as part of the Sotheby’s International Realty network of luxury residential real estate brokerages.

Retirement in Costa Rica

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