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Four presidential candidates in favor of breaking fuel monopoly
Business
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Business
5541 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
5495 views
Business
5495 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
3219 views
Business
3219 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
7050 views
Business
7050 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
2618 views
Business
2618 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
7053 views
Business
7053 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…

Regulator approves decrease in electricity rates for next quarter
Business
2231 views
Business
2231 views

Regulator approves decrease in electricity rates for next quarter

L. Arias - December 22, 2016

The sustained decrease in the use of fossil fuels to generate electricity in recent months resulted in lower electricity rates that will apply for the next quarter. The Public…

Dos Pinos acquires candy maker Gallito
Business
2898 views
Business
2898 views

Dos Pinos acquires candy maker Gallito

L. Arias - October 6, 2016

Costa Rica's dairy cooperative Dos Pinos announced Wednesday that it was acquiring the iconic candy brand Gallito and its factory in Costa Rica, saving it from closure. Gallito candies and chocolates…

Administrative Court bans dry law during holidays
Business
2237 views
Business
2237 views

Administrative Court bans dry law during holidays

L. Arias - September 5, 2016

Costa Rican municipalities can no longer ban the sale of alcohol during religious and other holidays except for Holy Thursday and Good Friday, thanks to a recent…

Private sector confidence remains lukewarm
Business
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Business
1963 views

Private sector confidence remains lukewarm

L. Arias - July 28, 2016

The confidence of Costa Rica’s business sector remains low, as does its perception of President Luis Guillermo Solís, according the latest survey from the Union of Private-Sector Chambers and…

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