“Tramitomania” Costs The Country Jobs And Uncollected Taxes

The time spent on construction permits each year costs the country 5,284 homes and...

Costa Rica Exported More Than US$3.3 Billion In Technology

Costa Rica exports in technology, information and communication (ICT) are valued at US$3.3 billion,...

Costa Rica Readies To Attract More Cruises

Costa Rica set a goal of attracting more cruise ships to its ports, not...

Costa Rica Unemployment Rises to 10.3%

The unemployed population with respect to the labor force increased 1.2%, going from 9.1%...

Costa Rica Credit Card Debt Up 14%

The number of cards in circulation grew by 13% between January 2017 and the...

Informality Takes Hold in Costa Rica

Four out of ten companies that operate outside the formal market are more than...

OECD: Lack Of Competition Is Why Costa Rica Is So Expensive!

Costa Rica stands out as a country where a good portion of its markets...

Costa Rica Economic Activity Up 3%

The manufacturing industry and education services were the sectors that explained most of the...

Costa Rica Inflation 2.6% YOY as of March 2018

In March, the Consumer Price Index (CPI) recorded a monthly variation of 0.59%, mainly...

An End To Excessive Perks For Government Employees Proposed

The majority of legislators declared war on a series of salary bonuses ("pluses salariales"...

Costa Rica GDP Up 3.2% in 2017

The increase reported at the end of the fourth quarter of 2017 is mainly...

President-elect Alvarado Faces Biggest Deficit In Three Decades

The challenge facing the next government led by President-elect Carlos Alvarado, is a Costa...

Costa Rica Treasury Issues US$514 million in Bonds

In the local market, an issuance was made of a fixed-rate security with maturity...

Devaluating The Colon Divides Candidates

Devaluating the colon is the major difference, a clash point, between the economic teams...

Costa Rica: A Step Backwards for Debt Issuance

Arguing that the financial conditions and the term of the operation were not adequate,...

Costa Rica With The Largest Deficit in Central America

This year marks a decade of the last fiscal surplus that Costa Rica had....

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%...

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