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Costa Rica Credit Card Debt Doubles

The balance of credit card debt doubled in the last eight years, going from US$1.005 billion in April 2010 to US$2.095 billion in April 2018, the Ministry of Economy, Industry and Commerce (MEIC) has revealed, by means of a report prepared by the Directorate...

Government Threatens Local Businesses With Fines For Links Uber

Q COSTA RICA - Restaurants and hotels expose themselves to sanctions and administrative procedures per campaign of royalties and discounts of Mother's Day Entrepreneurs express anger and frustration by measure; Are required to declare breakage with transport platform In an attempt to restrict the operations of...

Another Ruling in Favor of Protectionism, Sala IV Ratifies Ban On Rice Promotions

  In Costa Rica, the Constitutional Court or Sala IV has rejected an appeal of unconstitutionality against the prohibition imposed by the Ministry of Economy, Industry and Commerce (MEIC) on carrying out promotions in the rice retail trade in the country. Rice is the grain product...

Costa Rica’s Plastic Money Market

QCOSTARICA - Almost three fourths (72%) of the credit cards circulating in the country have interest rates from between 40% and 50%, while the default interest varies from 24% to 65%. The results are from a stud by the Ministry of Economy, Industry and Trade...

Jack’s To Transfer 50% of Its Production Outside Costa Rica

QCOSTARICA - Alimentos Jack’s, a 100% Costa Rican owned and operated company, has decided to continue its expansion out of Costa Rica and will be transferring 50% of operations in the next five years, to the United States, El Salvador and Nicaragua. "Our plan is...

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