Tuesday, 24 November 2020

Credit for Companies is Reduced in Costa Rica

COSTA RICA BUSINESS NEWS — In the last three years there has been a decline in the amount of credit granted to private companies for purchasing property, land and construction of buildings.

costarica-infrastructureIn September 2014, on average, 834 transactions were formalized between banks and other financial companies, representing a decrease of 28% compared to the same month in 2013. The downward trend in granting of loans for these purposes has been observed since early 2012.

Guillermo Carazo, president of the Costa Rican Chamber of Construction, told Nacion.com that “… The worsening of credit lines to businesses coincides with the decline in amount of square meters of construction processed. When the economy suffers, commercial construction and industry drops significantly. We estimate that this year will close with a decrease of 10% compared to the previous year. ”

- Advertisement -

Ronulfo Jiménez, economic adviser to the Costa Rican Banking Association, added, “…The behavior of credit given to companies is closely linked to the development of the national economy. There is a correlation between the data for economic activity and construction. ”

Source: Nacion.com

- Advertisement -
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

This week begins the transition to the dry season in the Central Valley and Guanacaste

QCOSTARICA - The transition to the dry season in the Central...

Bossa Nova’s birthplace closes due to Covid-19 in Brazil

(Prensa Latina) Casa Villarino, one of the cradles of the bossa...


On the Back of the Pandemic, the Militarization of Latin America is Gathering Momentum, Analysts Warn

(QREPORTS) During the Covid-19 pandemic, armed forces in Latin America have been taking on essential tasks: manufacturing protective equipment, delivering food and treating civilians...

Protesters set fire to the Guatemalan Congress

Q24N - Hundreds of Guatemalans burned Congress headquarters on Saturday in protest at the approval of the budget for 2021, the highest in the...

Restaurants ask for vehicle restriction to start at midnight

QCOSTARICA - The Costa Rican Chamber of Restaurants (Cacore) launched a new campaign directed at the government to modify the hours of the vehicle...

Covid-19 in Costa Rica: 1,219 new case on Thursday; total now 128,231

QCOSTARICA - The Ministry of Health reported for Thursday, November 19, 1,129 new cases of covid-19 in Costa Rica, for a total now of...

Turrialba Volcano will once again amaze visitors with guided tours from sunrise

QCOSTARICA - With a string of walks that will begin at 5 am and will continue every hour until 10 am, in groups of...

Protesters fail to block streets again: 11 arrested

QCOSTARICA - Costa Rican roads were once again interrupted by illegal roadblocks, the Ministry of Public Security (MSP) reported on Friday night. However, protesters failed...

Let's Keep This Going!

To be updated with all the latest news and information about Costa Rica and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.