Tourism Generated US$228 Billion In The Last Decade

Tourism has become the great machine for obtaining dollars for the Costa Rican economy, and the data supports...

Costa Rica Economic Activity Up 3.5%

The performance of the construction sector at the end of the year explained the acceleration registered in the...

Costa Rica Banks Also Graded as Negative

In line with last week's revision from stable to negative for Costa Rica's economy outlook for sovereign debt,...

Costa Rica Bonds Fall In Price After Latest Poll Of Fabricio Alvarado In The Lead

The University of Costa Rica (UCR) poll released on Tuesday revealing Fabricio Alvarado of the Restauración Nacional party...

Fitch Revises Costa Rica’s Outlook To Negative; Affirms Ratings At ‘BB’

Fitch Ratings revised the rating of the Costa Rican economy from stable to negative, according to a press...

Multinational Companies Generated 13,754 New Jobs in 2017 in Costa Rica

The Coalición Costarricense de Iniciativas de Desarrollo (CINDE) - Costa Rican Investment Promotion Agency -  and the Ministerio...

Public Sector Salaries Increased 157% in 12 Years

The Government next year will pay in wages and benefits for public employees 157% more than it did...

Opened In Costa Rica First Clothing Store Accepting Bitcoins

On Thursday, December 14, the first clothing store that will accept bitcoins opened in Costa Rica. Felipe Kirsch, representative...

Costa Rica Stock Market Activity Shrinking

The failure of the Central Government's latest effort sell bonds on the local financial market leads analysts to...

Costa Rica Economic Activity Continues to Decline

The economic slowdown recorded in October is mainly due to the adverse weather effects from tropical storm Nate,...

Costa Rica Dollar Exchange Falling

In the last three months, the exchange rate of the U.S. dollar against the national currency, the Colón,...

Wages In Costa Rica Rose 1.9%, Study Reveals

The Sistema Empresarial de Información Salarial (Salary Information Business System) survey reveals salaries in Costa Rica increased, on...

Costa Rica Strong Increase in the Financial Deficit

The financial deficit up to October 2017 reached 4.6% of GDP, above the 3.9% registered in October 2016,...

A Government Job In Costa Rica Is Better Than Winning The Lottery

It is said, getting a government job in Costa Rica better than winning the lottery. And here's why. A...

Costa Rica Losses in the Agricultural Sector

84,000 hectares of crops were flooded and 67,000 kilos of trout and tilapia, 24,000 hens and about 7,000...

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...

LATEST

App Makes Downtown San Jose Parking A Snap

Parking in downtown San Jose is a challenge. Right? An app(lication) now makes life easier in the capital city, eliminating the time to looking...

RECOPE Sells Diesel Fuel That Is Less Polluting But Harmful To Some Engines

Though less polluting, the state refinery Refinadora Costarricense de Petróleo (Recope) admitted that the diesel it distributes since November to gasoline stations across the...

Guatemala to Claim US$122 Million From Odebrecht

Following the Brazilian construction company's abandonment of the road work contract that had been awarded, the government intends to make a claim on the...

Canadian Man Critically Injured Stuck in Costa Rica Because Ontario Has No Hospital Bed For Him

A Canadian man seriously injured in the Costa Rican jungle just wants to go home. But he can't, because no hospital in his native...

Panama Company Pleads Guilty In U.S. To Bribing Costa Rican Soccer Official

The Panama-based company, Mimo International Imports and Exports, on Wednesday pleaded guilty to the former president of the Costa Rican Football Federation (Fedefútbol), Eduardo...

Mapping Costa Rica’s Aquifers

Through an alliance with the US Geological Survey, the government of Costa Rica will be carrying out an assessment of aquifers nationwide. The aim of...

Increase In Passenger Arrivals Saturates San Jose Airport

The hundreds of tourists arriving at Costa Rica's main international airport, the Juan Santamaria (SJO), in San Jose eager to discover the beauties of...

TRENDING / POPULAR

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...

American Tourist Dies In Isla del Coco Shark Attack

The National Coast Guard Service of the Ministry of Public Security (Servicio Nacional de Guardacostas, del Ministerio de Seguridad Pública) confirmed the death of...

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...

Female Tiger Shark Attacked American Tourist Who Died in Isla del Coco

The survivor of the shark attack in the Isla del Coco on Thursday, the 26-year-old diving guide identified by his last name Jimenez, said...

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...

RANDOM

Security Guard in Johnston Killing Acquitted

Jorge Guevara, the security guard  sentenced in the murder of  Justin David Johnston has been acquitted by a Costa Rican court on his second...

One Year Since Costa Rica Banned Mexican Avocadoes

QCOSTARICA - A year ago last week, Costa Rica took the unilateral decision to stop importing the Hass avocado from Mexico after claiming that...

Puma Observed Hunting Howler Monkeys in Costa Rica

A short stroll before dinner last Thursday yielded a once-in-a-lifetime wildlife sighting—along with the photos necessary to prove that it really happened. The setting was...

The iPhone 8 name game: What will Apple call its new phone?

Do you have your heart set on the iPhone 8 -- or whatever it will be called when Apple unveils its new phone lineup...

Nicaragua’s Inter-Ocean Canal’s Complementary Studies Make Progress

(Q24N) Essential complementary studies to begin construction works at Nicaragua's Inter-Ocean Canal make progress today, according to schedule, said project spokesperson Telémaco Talavera. We are...