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Costa Rica signs an agreement to become a full member of CAF

(BNamericas) - In order to strengthen the well-being of the population and the sustainable development of the country, Costa Rica has been incorporated a full member of the CAF – Development Bank of Latin America. Costa Rica joined CAF as a Series "C" shareholder in...

Export of services stagnated in 2020, after 10 years of sustained growth

QCOSTARICA - The value of services sector exports, excluding tourism, stagnated last year, after experiencing a 99% increase between 2010 and 2019. This is revealed by a recount of figures requested from the Costa Rican Coalition of Development Initiatives (CINDE) and a report from the...

Costa Rica recovers more than 18,000 jobs from the most critical moment of the pandemic

QCOSTARICA - The Continuous Employment Survey (ECE) of the National Institute of Statistics and Censuses (INEC) for the three months of September-October-November 2020 shows that the country has recovered 183,274 jobs from the most critical moment of the pandemic at the labor level between...

Intel to reopen assembly operations in Costa Rica

QCOSTARICA - Intel announced, this Thursday, December 10, the reopening of its assembly and testing operations in Costa Rica, with the investment of US$350 million over the next three years and the hiring of 200 people. In a press release, the firm said that it...

Multinational MicroVention will hire 2,000 for expansion in Costa Rica

QCOSTARICA - The American-Japanese company MicroVention Terumo medical device company announced Monday, December 7, that it will hire 2,000 new employees to meet its expansion plans in Costa Rica. The expansion includes the construction of a new 20,000-square-meter (215,000 square foot) plant in El Coyol,...

Government shows disinterest with economic reactivation

QCOSTARICA - The economic reactivation of the country and the generation of employment are not a priority for the Government. This is clear from a review of the calls for bills to the extraordinary sessions of the Legislative Assembly that the Executive Power that began...

Commerce anticipates drought of temporary hires for the end of the year

QCOSTARICA - The Costa Rican commercial sector estimates a difficult situation for year-end retail sales and the traditional hiring of temporary help. The Costa Rican Chamber of Commerce (CCCR) warned that in the surveys it always carries out on employment at this time of year,...

Equifax announces 200 new jobs in Costa Rica

Equifax announces expansion in Costa Rica, adding 200 new jobs to its already 1,000 strong workforce in the country

Coca Cola has started construction of Liberia plant and expects to double exports by 2024

Construction of the Coca-Cola concentrate plant, in Liberia, Guanacaste, began last Saturday (July 21) and is expected go into operation on January 1, 2020. This US$50 million plant will replace the operation located in La Uruca, San José. The plant located in front of the Daniel...

Costa Rica Unemployment Rises to 10.3%

The unemployed population with respect to the labor force increased 1.2%, going from 9.1% in the first quarter of 2017, to 10.3% in the first quarter of 2018. The employment rate was 51.8%, while in the same period last year it was 54%. The...

90% of Companies in Costa Rica Employ 30 Or Less

According to a directory published by the Instituto Nacional de Estadística y Censos (INEC) - National Institute of Statistics and Census,  in 2017, there were some 37,000 companies in the country The majority of them are small and have few employees, according to the results...

Mac Jobs: The “Go No Place Jobs”

Newspapers, Internet new reports...each indicate a dire need for employers to hire residents of Costa Rica. From English classes to Amazon, the news seems exceptional. Almost every weekend there are job fairs soliciting unemployed and underemployed people to fill vacant jobs. But what jobs? Underemployment is...

As Others See Us

Q OPINION - The world is especially turbulent this month. There is a potential war in Korea and real ones in the middle east, Afghanistan, the Philippines and Africa. Venezuela is in turmoil. An unpredictable and combative US president and his revolving door of...

The Trump Effect on Costa Rica

(QCOSTARICA) To the surprise of many Donald Trump won "bigly" the presidency of the United States.  In Costa Rica, the big question is how will a Trump presidency affect Costa Rica and the rest of Latin America, especially when it comes to trade, jobs,...

Amazon Announces 700 New Jobs

QCOSTARICA - Amazon is looking to hire 700 people in the coming three months, new positions in customer service and vendor support, among others, during its two day job fair on May 6 and 7. The job fair will take place at its Calle Blancos...

No Drop In Unemployment in Costa Rica

QCOSTARICA - The unemployment rate in Costa Rica in the fourth quarter of 2015 stood at 9.6%, slightly lower than the 9.7% in the same period the previous year, reports the National Institute of Statistics and Census (Nacional de Estadística y Censos (INEC). Though there...

Walmart Announces It Will Be Investing US$100 Million Dollars in Costa Rica This Year

(QCOSTARICA) -- Walmart Mexico and Central America announced that it will be investing US$100 million dollars in Costa Rica this year, that includes the opening of eight stores and remodeling and purchase of equipment at many existing locations. The announcement was made by senior vice-president...

Bacardi Opens Service Center in Costa Rica To Serve 32 Countries

QCOSTARICA - From its Shared Services Center in Costa Rica, the international liquor giant, Bacardi, will serve seven different commercial centers in 32 countries worldwide. On Wednesday, the company of Cuban origin, inaugurated its 1.600 square meters offices in Avenida Escazú. The company already employs...

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