One Step Closer to a Tax Reform

The Costa Rican Legislature has accepted a fast track bill that would transform the...

Intel Downsizing In Costa Rica, Cutting 200 Jobs

Intel, which maintains a research center and a mega laboratory in Costa Rica, initiated...

More Warnings Over Fiscal Deficit

Standard & Poor's maintained Costa Rica's debt rating at BB, but warned that it...

Tourism Generated US$228 Billion In The Last Decade

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

Costa Rica Economic Activity Up 3.5%

The performance of the construction sector at the end of the year explained the...

Costa Rica Banks Also Graded as Negative

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

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...

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,...

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...

Public Sector Salaries Increased 157% in 12 Years

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

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 Stock Market Activity Shrinking

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

Costa Rica Economic Activity Continues to Decline

The economic slowdown recorded in October is mainly due to the adverse weather effects...

Costa Rica Dollar Exchange Falling

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

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 Strong Increase in the Financial Deficit

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

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...

Costa Rica Losses in the Agricultural Sector

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

Costa Rica Tourism Big Business

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

Costa Rica Cruise Season Expectations

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

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...

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...

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...

Doing Business in Costa Rica Is More Difficult, Study Reveals

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

Interest Payments Stifling Costa Rica’s Public Finances

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

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...

Costa Rica to strengthen ties with the UAE

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

Costa Rica’s Agroexports Keep Slight Advantage Over Medical Devices

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

Higher Dollar and Interest Rates Slowed Consumer Spending

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

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...

Loans in Colones Get More Expensive

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

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

After recognizing the serious liquidity problems, last week the government of Luis Guillermo Solis...

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