Tuesday 26 January 2021
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The 10 most common scams of December in Costa Rica

QCOSTARICA - Starting last Friday, December 4, a large number of breteadores (employees) receive the Aguinaldo, Christmas bonus, followed up by the regular salary on the 15th and 30th for the month of December. Corporate dividends and year-end bonuses are common in December, which means...

What pandemic? Ticos took to the streets on Saturday (Photos)

QCOSTARICA - Thousands, on foot, in their cars, took to the streets leaving aside the fear of contagion of the coronavirus. The crowds were mainly a consequence of the Aguinaldo (Christmans bonus) payment to the public sector on Friday. The Municipal Police of San José reported...

Bankruptcy not a claim for employers to avoid paying Aguinaldo

QCOSTARICA - Some 215,772 workers will not receive their Aguinaldo (Christmas bonus) as they imagined at the start of the year. That is the number of workers who, until November 27, had their working hours reduced or their contract suspended by the Ministry of Labor,...

Employers begin to pay Christmas bonuses for 2020: The have until December 20

QCOSTARICA - It is December, also known as the 13th month, the month when all salaried employees in Costa Rica, including employees of international companies operating in the country, receive their "aguinaldo", the year-end bonus that is usually equal to one month's salary. The Aguinaldo...

Dollar drops ¢10 this week due to year-end seasonality

QCOSTARICA - The dollar exchange fell ¢10.38 this week as a result of the traditional sales of foreign currency made by companies to pay bonuses and other end-of-year commitments. This is how two economists consider it: Noberto Zúñiga, from Ecoanálisis and the Academia de Centroamérica,...

Private sector employees will receive less Aguinaldo this December

QCOSTARICA - December is around the corner and with that comes the "aguinaldo", the annual bonus or so-called thirteenth salary, paid to all salaried employees in the private and public sector. Last year, the private sector paid ¢673 billion in Aguinaldo. However, for 2020, the...

The Aguinaldo Is Untouchable, Protected By Law, An Indisputable Right

The Aguinaldo is a historical conquest and a triumph of the Costa Rican people. It has been around since 1954, enacted to be paid to workers of the State, Central Administration, autonomous institutions, semi-autonomous and municipalities. In 1959, the right was extended to public sector...

Dads will have an extra 6 days to pay the “alimony bonus”

Dads (as in the case that a mother is obliged to pay child support) who pay child support are required each year to pay a bonus - a 13th annual payment, an aguinaldo for alimony, if you will -  will now have until December...

Christmas Arrives. Hacienda Announces Payment of Aguinaldo On Wednesday

With ¢100 million colones received from the Banco de Costa Rica (BCR) for the 'absorption" of the now extinct Banco Crédito Agrícola de Cartago (Bancrédito) and other financial maneuvering, the Ministerio de Hacienda (Ministry of Finance) announced that it will pay on Wednesday, December...

Hacienda Ruled Out Aguinaldo On Dec. 6 For Civil Servants

Public sector employees can breathe a little easier now that the Plan Fiscal has passed into law, with the announcement by the Ministry of Finance that it is in a better position to pay the Aguinaldo (the annual bonus). Although initially this Ministry of Finance...

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 weeks ago of ¢630. What could be expected from the exchange rate in the coming weeks? The position of the Constitutional Court (Sala Constitucional ) with respect to the bill -...

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 is never that liquid money in an entity like the Ministry of Finance in the circumstances in which it is. Today, the Treasury is, as we say there in Guanacaste,...

Nicaragua Foresees US$23 million less for ‘Aguinaldo’

The total amount ‘aguinaldo’ – the year-end bonus – that entered the economy of Nicaragua at the end of 2017 was US$377.1 million, according to official estimates, but at the end of 2018 there would be US$23 million less, due to the loss of...

“Huele A Aguinaldo”

The "#aguinaldo", the annual bonus paid to all workers in Costa Rica, is around the corner. As many start to ponder what to do with the bonus, an equivalent of one month's salary (average for the last 12 months), so are criminals getting ready.  

No Double Aguinaldo For Garbage Collectors

Q COSTA RICA NEWS - In many communities it is common for garbage collectors, especially in December, to be knocking on doors requesting from residents money for their Aguinaldo (Christmas Bonus). However, this is prohibited and could result in dismissal. Luis Araya, legal advisor to...

Authorities Warn of New Scams With The Arrival of the Aguinaldo.

Q COSTA RICA NEWS - The scenario: a woman or man approaches you and says that she has an emergency and needs cash urgently, she hands you a check for ¢50,000 colones to which she is willing to accept from you only ¢40,000. Wow,...

The Financial Revolution: Money and Prosperity Comes With Instructions

(QCOSTARICA) December is approaching and with it two things: the 'aguinaldo', the annual year-end bonus and ways to spend to spend it or save. For many the aguinaldo is a saviour at one of the more expensive times of the year, while for others it...

Thousands of Workers Fail To Get Minimum Wage

Many in Costa Rica have to work longer hours, salaries below minimum wage and hazardous working conditions to put food on the family table. The lack of a pay stub, minimum wage, overtime and workplace hazards are the major violations found by the Ministry...

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