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Inflation in Costa Rica decreases due to falling fuel prices
Costa Rica
447 views
Costa Rica
447 views

Inflation in Costa Rica decreases due to falling fuel prices

AFP and The Tico Times - October 7, 2019

Costa Rica's consumer price index (CPI) registered a negative variation of -0.10% in September, driven by a drop in the prices of fuels and some foods, the…

Government will present plan hoping to spark Costa Rica’s economic growth
Costa Rica
882 views
Costa Rica
882 views

Government will present plan hoping to spark Costa Rica’s economic growth

Alejandro Zúñiga - September 2, 2019

President Carlos Alvarado has said that addressing Costa Rica's economy is among his administration's biggest challenges. Now, President Alvarado will be getting into specifics. Over the coming…

Costa Rica reduces fiscal deficit more than anticipated
Economy
4483 views
Economy
4483 views

Costa Rica reduces fiscal deficit more than anticipated

AFP and The Tico Times - January 22, 2019

Costa Rica closed 2018 with a fiscal deficit of 6 percent of its GDP, below the 7.2 percent that had been projected by the Central Bank, President…

Costa Rican crypto: The Bitcoin economy in Costa Rica
Bitcoin
7864 views
Bitcoin
7864 views

Costa Rican crypto: The Bitcoin economy in Costa Rica

Duncan Anderson - January 4, 2019

Costa Ricans can legally receive part of their salary in cryptocurrency, and given the impending financial crisis in Costa Rica, does it make sense to do so?…

IMF projects economic slowdown in Costa Rica in 2018
Costa Rica
4269 views
Costa Rica
4269 views

IMF projects economic slowdown in Costa Rica in 2018

AFP and The Tico Times - December 13, 2018

The economy of Costa Rica will slow in 2018 and reach a growth of 2.6% on the year, concluded a report from a team of International Monetary…

Colon tanks, Costa Rica raises interest rates to slow inflation
Business
8236 views
Business
8236 views

Colon tanks, Costa Rica raises interest rates to slow inflation

AFP and The Tico Times - November 1, 2018

For the first time in history, the Costa Rican Colon surpassed 600 colones per dollar. On Wednesday, some banks were reporting an exchange rate of ₡616 for…

Four presidential candidates in favor of breaking fuel monopoly
Business
5537 views
Business
5537 views

Four presidential candidates in favor of breaking fuel monopoly

L. Arias - July 31, 2017

Four of five presidential candidates who took part in a debate late last week said they would support breaking up the fuel monopoly held by the Costa Rican Oil Refinery…

Costa Rica enforces new methodology for calculating dollar exchange rate
Business
5494 views
Business
5494 views

Costa Rica enforces new methodology for calculating dollar exchange rate

L. Arias - July 6, 2017

The Central Bank of Costa Rica (BCCR) has enforced a new methodology to calculate the reference exchange rate of the US dollar, and it has already showed…

Ombudsman’s Office opposes hikes in electricity rates for CNFL
Business
2242 views
Business
2242 views

Ombudsman’s Office opposes hikes in electricity rates for CNFL

L. Arias - June 13, 2017

Officials from the Ombudsman's Office attended a public hearing at the Public Services Regulatory Authority (ARESEP) to voice their rejection of two hikes in electricity rates requested by…

Caja moves forward with raise in social security rate, but in two phases
Business
2226 views
Business
2226 views

Caja moves forward with raise in social security rate, but in two phases

L. Arias - June 2, 2017

The Board of Directors of Costa Rica's Social Security System, or Caja, voted in favor of enforcing a 1 percent raise in the monthly salary deduction of all workers. The measure aims…

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