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san jose, costa rica
Sunday 20 August 2017

‘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...

Dollar Exchange Rate Keeps Increasing in Costa Rica

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

Costa Rica Government Faces “Liquidity” Problems

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

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...

“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...

Costa Rica Economic Outlook Up To May

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

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...

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%...

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...

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....

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 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...

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...

Proposed Metro (Subway) For San José Could Be Ready In 2021

COSTA RICA NEWS - The Colegio de Ingenieros y Arquitectos de Costa Rica (CFIA) is proposing the construction...

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%,...

Shoppers To Compete With Pricesmart, But No Membership

Located in Zapote, the new "hipermercado" (mega store) Shoppers opened its doors Saturday providing Costa Ricans with a...

Another Megaport For Limón

Q COSTA RICA - A rumour that has been in the streets of port city of Limón for...

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...

Cargill Chooses Costa Rica For Its Business Services Centre

Cargill, owners of the well known brands in Costa Rica, Pipasa and Cinta Azul, announced it will be...

Incesa Standard Closes Costa Rica Plant, Lays Off 150

QCOSTARICA - Incesa Standard, manufacturer of kitchen and bath fixtures, announced it is moving its manufacturing operations in...

Amazon Adds 1.000 New Jobs in Costa Rica

COSTA RICA NEWS -- Amazon Support Services Costa Rica is hiring an additional 1.000 people to fill positions...

Costa Rica Economy Slows Dow Due to Less Domestic Demand

QCOSTARICA - The Central Bank (Banco Central de Costa Rica)  has confirmed the decline in domestic demand mainly...

Teleperformance Acquires Its Competitor Aegis

Paris-based outsourcing firm Teleperformance has agreed to acquire Aegis,  the business process management arm from India's Essar Group. Both...

Costa Rica Visitors Spending More

(QCOSTARICA) The Central Bank (Banco Central de Costa Rica - BCCR) says it registered "an important" increase of...

Multinationals Leaving Costa Rica Took With Them 4.500 Jobs

QCOSTARICA - A total of  4.680 people were laid off this year, resulting from the leaving of Costa...

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...

Amazon Looking To Hire 1,500 To Expand Costa Rica Operations

(QCOSTARICA) Great news for those looking for work or to improve their current, Amazon.com plans to hire 1,500...

Bad Weather Cause Of Drop In Banana and Pineapple Exports

(QCOSTARICA) -- The gross volume of banana exports fell 13%, while pineapple exports are down 15% in the...

Bacardi Opens New Shared Service Centre in Costa Rica

COSTA RICA BUSINESS NEWS - Bacardi, the largest privately held, family-owned spirits company in the world, announced it...

Mabe Restructuring in Costa Rica And Lays Off 350

Mabe, the Mexican-based global company, announced Tuesday it will no longer manufacture stoves in Costa Rica, and as...

Costa Rica Has Become a Pineapple Pepublic.

COSTA RICA NEWS -- Until recently, bananas were the most important export product of Costa Rica. But in...

LATEST

Money Laundering Risk Levels in Latin American Countries, Ranked

Insightcrime.org - An annual report by one of the world's leading institutions working against financial crimes ranks countries around the world in terms of...

Maduro strips Venezuela’s parliament of power

Venezuela’s political crisis has deepened after a new pro-government “superbody” stripped the opposition-held parliament of its legislative powers and the fugitive attorney general accused...

Canadian Couple Building Schools in Nicaragua

Sarah Kerr and Tom Affleck have a special affinity for Nicaragua. For the last 11 years, they’ve regularly visited the impoverished country to build...

David Strecker, aka Cuba Dave Acquitted

Q COSTA RICA NEWS - Found guilty of promoting sex tourism in Costa Rica, David Strecker, aka Cuba Dave, is today a free man. Strecker,...

Private Sector Supports Uber And Demands New Legislation

Costa Rica's private sector is urging the government of Luis Guillermo Solis to modernize and enact new legislation to allow the new techonological platforms...

For The Gavilanes, The Lines Outside The La Uruca Cosevi Offices Is a “Gold Mine”

We've all seen them, the long lines at the immigration office, the registry office (both, the property and civil), at the Caja, the driver's...

9-1-1 Makes Call For People To Use It For Emergencies And Not To Report Uber Drivers

Q COSTA RICA NEWS - Calling 9-1-1 to report Uber drivers has forced the Emergency System to make call to the general public to...

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...

Man Killed In Monday Morning Shootout in Escazu Was Wanted In Canada

Q COSTA RICA - It was 7:20am, two men outside the Mountview private school in Guachipelin de Escazu, dressed in tracksuits are exercising, two...

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...

Argentina: 128-Year-Old Man Claims He’s Hitler

Q JOURNAL - An allegedly 128-year-old man in Salta, Argentina has announced he is in fact former Nazi leader Adolf Hitler, and has spent...

Four Years Later, China-Backed Nicaragua Canal Is Paralyzed Or About To Die

TODAY NICARAGUA - The Nicaragua Interoceanic Canal project is either paralyzed, or nonexistent. In June 2013, the Nicaraguan National Assembly passed Law 840, which authorized...

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