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san jose, costa rica
Wednesday 18 October 2017

Costa Rica Tourism Big Business

Costa Rica tourism, foreign travel to the country,  generated US$4 billion dollars in income between July 2016 and June...

Costa Rica Cruise Season Expectations

  For the 2017-2018 cruise ship season, the Caribbean port town of Limon expects the arrival of 240,000 tourists...

ICE Seeking Electricity Rate Increase To Offset Lower Sales And Higher Financing Costs

When sales drop and financing costs go through the roof, in the real world this would mean financial...

Damages Over Nate Expected To Fuel New Increases In Food Prices

An expected lower supply of vegetables, some fruits, meats and dairy products due to damage caused by Tropical...

Costa Rica’s Central Bank Gets US$1 Billion Credit Line To Strengthen Foreign Reserves

Costa Rica's Central Bank (Banco Central de Costa Rica - BCCR) is getting a billion-dollar boost by way...

Doing Business in Costa Rica Is More Difficult, Study Reveals

Eight out of ten entrepreneurs claim that an excess of formalities and the high costs of formalization are...

Interest Payments Stifling Costa Rica’s Public Finances

In Costa Rica, interest payments rose from 1.5% to 1.7% of GDP, and this increase accounts for 32%...

Jobs, Jobs and More Jobs…As Established Companies Looking To Hire

Despite the general consensus of late among many that the business climate in Costa Rica has slowed down...

Costa Rica to strengthen ties with the UAE

Costa Rica is planning to use the United Arab Emirates (UAE) as a hub to look for investment...

Costa Rica’s Agroexports Keep Slight Advantage Over Medical Devices

QCR BUSINESS - The value of exports from the agricultural sector remains slightly as the main generator of...

Higher Dollar and Interest Rates Slowed Consumer Spending

The constant instability of the dollar exchange rate and the increase in interest rates, especially in colones, have...

Moody’s Questions Tax Benefit Of Plan To Handle Illiquidity in Costa Rica

  According to Moody's, the plan to reduce expenses announced by President Luis Guillermo Solís will not be enough...

Loans in Colones Get More Expensive

Interest rates on bank loans have increased by between 0.11% and 6.6% in the last year, and those...

“No Hay Plata” – No Free Lunch In Costa Rica!

After recognizing the serious liquidity problems, last week the government of Luis Guillermo Solis has announced it will...

ICE Reports 1st. Quarter Loss Of ¢33 Billion Due To Exchange Rate Fluctuations

Q COSTA RICA - Like many in Costa Rica whose income is in colones and debt in U.S....

‘Nobody Wants Costa Rica To Be Another Greece’, President Solis

  President Luis Guillermo Solis shakes off criticism following his Tuesday evening's television address to the nation that Costa...

Costa Rica Government Faces “Liquidity” Problems

President Luis Guillermo Solis announced Tuesday night that the government "faces liquidity difficulties to pay its obligations and...

Costa Rica Tourism Leads Service Exports

Of the US$8.792 billion generated from services exports in Costa Rica between April 2016 and March 2017, 45%...

Costa Rica Credit Card Debt Up 21%

Between April 2016 and April 2017, the balance of credit card debt in Costa Rica grew by 21%,...

Costa Rica YoY Inflation to June 2017 is 1.77%

Q COSTA RICA - In June the consumer price index (CPI) rose by 0.08%, with accumulated inflation in...

Bancredito Branches Will Cease To Operate On July 14; 500 Employees Being Laid Off

The State bank, Banco Crédito Agrícola de Cartago (Bancrédito) has literally only days of life of operating as...

New Measures to Control Rise In Dollar Exchange

The Banco Central de Costa Rica (BCCR) or Central Bank has raised the monetary policy rate, this time...

Dollar Exchange Rate Keeps Increasing in Costa Rica

Q COSTA RICA - In the last couple of weeks the Banco Central de Costa Rica (BCCR) -...

No Change in Unemployment in Costa Rica

The working-age population has increased, offsetting an increase in the employed population, with the national employment rate remaining...

Costa Rica Economic Outlook Up To May

THE Q - Although the gradual process of credit dedollarization continues, the Central Bank has warned that a...

Costa Rica Sustainable Model & Investment Opportunities

Q BUSINESS - The Business Year (TBY) gathered together three prominent businessmen in Costa Rica to discuss economic...

Nicaragua’s economy is growing, but the poor may be falling behind

TODAY NICARAGUA – The International Monetary Fund (IMF)’s recent assessment of Nicaragua reinforces the narrative that the country...

Nicaragua Annual Inflation up to March 2017 is 3.66%

TODAY NICARAGUA – The monthly variation in March was 0.12%, mainly explained by the behavior of prices of...

Prospects for Financial Companies in Costa Rica

Q COSTA RICA BUSINESS - After closing 2016 with a 37% drop in profits, financial companies expect to...

U.S. Companies May Be Forced To Shut Down Costa Rica Call Centers

Q COSTA RICA - A bill in the U.S. Congress aims to force call centers from nations like...

Costa Rica’s Inflation Rose In February

Q COSTA RICA - Costa Rica's annual inflation fo February 2017 was 1.09%, the consumer price index showingd...

Costa Rica Exonerates Millions of Dollars In Fuel Tax To Airlines

Q COSTA RICA - Costa Rica exonerated US$226 million dollars (¢128.501 billion colones at the current exchange rate)...

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Cubana Celebrates 100th, “Hoping To Live 100 More”

Amanda Torres Ferrer celebrating her 100th. Radio Santa Cruz/ Raúl Reyes Rodríguez Surrounded by family, neighbors and friends, Amanda Torres Ferrer, a resident of Santa...

Trump Blames Cuba for Sonic Attack on US Diplomats

“Yes, I believe that Cuba is responsible. Yes, I believe it,” the president said during a press conference in the White House this week....

Fired Venezuela Prosecutor Leaks Video Implicating Maduro in Taking $35M Bribe

President Nicolás Maduro of Venezuela at a news conference in Caracas. Credit Ariana Cubillos/Associated Press Venezuela’s ousted chief prosecutor Luisa Ortega published on her blog...

Deadline Expires for Striking Avianca Pilots in Colombia

This Monday was the deadline for striking Avianca pilots, who are still in the process of being reinstated, to return to their jobs. Avianca, Colombia’s...

Blade Runner 2049: No Hope In This Dystopia

Editor’s note: This article contains spoilers. I went to see Blade Runner 2049, directed by Denis Villeneuve, with great anticipation. The original was so unique...

How the coffee industry is about to get roasted by climate change

Fall is always a good time to create new habits, and coffee chains know it. These days, they are desperately trying to find any...

Dental Tourism Industry Exploits Workers in Mexico

The town of Los Algodones in Mexico is nicknamed “Molar City”. It has a population of just 6,000 people and, shockingly, it has more...

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Anne Hathaway’s Leaked Personal Pictures Go Viral

American actress Anne Hathaway is the latest celebrity to fall victim to the hackers, who shamelessly filtered the intimate photos of the actress with...

How Will Hurricane Irma Affect Costa Rica?

As Hurricane Irma makes its way through the Caribbean and Floridians ready for Irma's potential landfall, how will it affect Costa Rica? Although Hurricane Irma...

Red Alert Declared For Pacific, Central Valley and Northern Zone

The National Emergencies Commission ( Comisión Nacional de Emergencias - CNE) declared a red alert for the entire Pacific coast, Central Valley and northern...

10 Countries Reputed As The Ultimate Place For Sex Tourism (Guess Who Isn’t?)

QCOSTARICA - Normally, tourists travel abroad to visit famous landmarks, culture or do fun things. Also there is a group of tourists who travel...

Nothing Escaped Nate!

Nothing escaped Nate! Floods, rivers overflowing their banks, houses destroyed, families uprooted, schools closed, roads and bridges damaged or destroyed and farms and plantations...

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