Costa Rica – Korea Trade To Increase With CABEI Entry, FTA

With South Korea’s recent entry into the Central American Bank for Economic Integration (CABEI),...

Brace Yourself For A Hike in Electricity Rates for 2019

The Instituto Costarricense de Electricidad (ICE) - the national power and light company (and...

Dollar Exchange Closes The Year At ¢611.75

It's been a roller coaster for the dollar exchange the last couple of months,...

IMF Concludes Visit to Costa Rica

(Press Release) An International Monetary Fund (IMF) team led by Ravi Balakrishnan visited San...

Christmas Arrives. Hacienda Announces Payment of Aguinaldo On Wednesday

With ¢100 million colones received from the Banco de Costa Rica (BCR) for the...

Coffee harvest will fall 11% in the 2018-2019 season

The Costa Rica coffee harvest will fall by 11% in the current collection period...

Hacienda Ruled Out Aguinaldo On Dec. 6 For Civil Servants

Public sector employees can breathe a little easier now that the Plan Fiscal has...

Legislators Approve Plan Fiscal, President Signs Into Law

Legislators on Monday afternoon approved in second and final debate the Plan Fiscal -...

What could be expected with the exchange rate in the coming weeks?

The dollar has dropped, hovering the ¢600 mark after a high only a few...

Constitutional Court Gives The Green Light To The Tax Reform Bill

The Constitutional Court (Sala Constitucional, also known as "Sala IV"), on Friday endorsed the...

My Two Colones

For the most part, people get extremely concerned when they hear the words recession,...

Fitch Issues Costa Rica Alert

Fitch Ratings has given Costa Rica 90 days to resolve its public finances before...

Consumers in Costa Rica avoid “impulse” purchases in the face of economic outlook

Consumers in Costa Rica are increasingly attached to a short list of purchases, which...

Wall Street Sours on Costa Rica

(Bloomberg Business) In a part of the world known for guerrillas, drug runners and...

Does the government have the money to pay the Aguinaldo for this 2018?

If you ask me today if I have it, I say no (...). There...

Banks Throttle Back Slightly On The Dollar, As Spiral Upwads Continues

It's been a frantic week, a financial rollercoaster for the dollar exchange. In the...

Hello, Devaluation! Central Bank ‘Got Tired’ Of Spending Reserves To Curb Rise In The Dollar

On Wednesday, October 31, 2018, the dollar exchange moved from one to the next...

Exchange rate pressures would hide end of the year seasonality when the dollar tends to fall

Throughout the year, the dollar exchange market experiences seasonal effects as a result of...

Strong Demand Pushes Up US Dollar Exchange

The strong demand for the US dollar that remains in the foreign exchange market,...

Dollar Exchange Recorded On Monday The Highest Single Day Increase of 2018

The average price of the US dollar in the Monex wholesale market rose on...

Dollar Crosses ¢600 Barrier

The dollar exchange  continued its rise this Friday, October 26, reaching above the ¢600...

Banco Nacional and BCR lower rates and facilitate moving loans from dollars to colones

State banks, the Banco Nacional (BN) and Banco de Costa Rica (BCR), in a...

Central Bank has used $1.1 billion of reserves to avoid abrupt increases in the price of the dollar

The Banco Central de Costa Rica (BCCR) - Central Bank of Costa - reported...

Dollar Could Hit ¢700 By The End of the Year

The dollar exchange rate could close 2018 and start 2019 in a range between ...

RECOPE Requests Increase In The Price of Fuel

The Refinadora Costarricense de Petróleo (RECOPE) requested on Friday an increase in the price...

Price of the dollar continues to rise, already hits ¢600 at banks

The price of the dollar exchange continues to rise and the sale value at...

Pessimism reigns among businessmen

Pessimism reigns among entrepreneurs, in terms of how the Costa Rica economy could close...

Central Bank intervenes with US$41 million to soften the rise in dollar exchange

The government is scraping the barrel to finance public spending, while the market reacts...

Government resorts to “pawning grandma’s jewelry” to pay debts

The Government resorted to "pawning grandma's jewels" to be able to face the debts...

Costa Rica to Import 25,000 Tons Of Duty-Free Beans

The government is preparing a decree of a shortage in order to authorize the...

Costa Rica Exports Up 6% as of June 2018

In the first semester, sales of goods abroad totaled US$5.718 billion, registering an increase...

Strong Rebound in Construction Boosts Costa Rica’s economy

A strong recovery in construction modified the growth trend that the Costa Rican economy...

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