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Inflation in Costa Rica closed in 2019 at 1.52%, below the official target
Business
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Business
596 views

Inflation in Costa Rica closed in 2019 at 1.52%, below the official target

AFP and The Tico Times - January 8, 2020

Inflation in Costa Rica reached 1.52% in 2019, below the 3% target set by the Central Bank, the official statistical agency said Wednesday. According to the National…

Unemployment in Costa Rica registers slight decline but remains high at 11.4%
Costa Rica
1010 views
Costa Rica
1010 views

Unemployment in Costa Rica registers slight decline but remains high at 11.4%

AFP and The Tico Times - October 31, 2019

Unemployment in Costa Rica, the government's main economic concern, registered a slight decline in the third quarter of the year but remained at a high level of…

Costa Rica falls seven spots in Global Competitiveness Index
Costa Rica
1271 views
Costa Rica
1271 views

Costa Rica falls seven spots in Global Competitiveness Index

Alejandro Zúñiga - October 10, 2019

Costa Rica fell seven spots to 62nd in the latest Global Competitiveness Index rankings, which were released by the World Economic Forum this week. The index considers…

Local Keeps introduces Costa Rican artisans to the world
Art
1984 views
Art
1984 views

Local Keeps introduces Costa Rican artisans to the world

The Tico Times - August 6, 2019

While visiting farmer’s markets and ferias, Galit Flasterstein realized she could use her passion for locally made goods to showcase the talent of the Costa Rican people.…

Four presidential candidates in favor of breaking fuel monopoly
Business
6084 views
Business
6084 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
5985 views
Business
5985 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…

Hundreds of medical procedures, surgeries postponed by public workers’ strike
Business
3453 views
Business
3453 views

Hundreds of medical procedures, surgeries postponed by public workers’ strike

L. Arias - June 30, 2017

A total of 1,490 employees of the Social Security System, or Caja, joined the strike called for public workers’ unions on Thursday and affected more than a…

New study: Costa Rica is giving away its fishing wealth
Business
7769 views
Business
7769 views

New study: Costa Rica is giving away its fishing wealth

L. Arias - March 15, 2017

Costa Rica's laws allow international fleets to capture 95 percent of the tuna caught within Costa Rican waters, researchers from the National University (UNA) and the non-government…

Consumer optimism remains low in Costa Rica
Business
2960 views
Business
2960 views

Consumer optimism remains low in Costa Rica

L. Arias - March 2, 2017

Consumer confidence in Costa Rica’s economic outlook showed slight improvement over the past quarter but remains low, researchers from the University of Costa Rica (UCR)’s School of Statistics have found. The…

Airbnb agrees to collect sales tax from hosts in Costa Rica
Business
7523 views
Business
7523 views

Airbnb agrees to collect sales tax from hosts in Costa Rica

L. Arias - January 18, 2017

Representatives of Airbnb, the online marketplace that allows people to list or rent lodging in residential properties, said the company is willing to collect taxes from its…