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Costa Rica and China sign agreement to encourage investment and commerce
China
4827 views
China
4827 views

Costa Rica and China sign agreement to encourage investment and commerce

AFP - September 5, 2018

Costa Rica and China signed a cooperation agreement on Monday regarding the Silk Road Economic Belt, a Beijing initiative that aims to encourage trade and investment. The…

Economy faces downturn due to lack of tax reform
Costa Rica's Fiscal deficit
4247 views
Costa Rica's Fiscal deficit
4247 views

Economy faces downturn due to lack of tax reform

AFP and Tico Times - July 24, 2018

The Central Bank of Costa Rica (BCCR) warned Monday that the economy will face a growing public deficit and stunted growth if Congress doesn’t pass tax reform.…

World Bank supports Costa Rican spending cuts
Economy
4230 views
Economy
4230 views

World Bank supports Costa Rican spending cuts

AFP - June 1, 2018

The World Bank expressed support Thursday for the spending cuts proposed by the government of Costa Rica to address the country's fiscal deficit, which has reached 6.2…

Finance Minister: Costa Rica needs drastic spending cuts
Economy
3744 views
Economy
3744 views

Finance Minister: Costa Rica needs drastic spending cuts

AFP - May 31, 2018

Costa Rica's new Finance Minister, Rocío Aguilar, presented a package of drastic cuts to public spending at the Legislative Assembly on Wednesday and asked legislators to support…

No solution in sight for judicial workers’ strike
Costa Rica
3966 views
Costa Rica
3966 views

No solution in sight for judicial workers’ strike

L. Arias - July 25, 2017

Leaders of Costa Rican Judicial Branch workers’ unions, on strike since last week over a stalled pension reform plan, announced Monday that other public-sector unions will join them…

Costa Rica enforces new methodology for calculating dollar exchange rate
Business
5304 views
Business
5304 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…

Consumer optimism remains low in Costa Rica
Business
2464 views
Business
2464 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…

Hiring outlook stable for upcoming quarter
Business
1883 views
Business
1883 views

Hiring outlook stable for upcoming quarter

L. Arias - June 22, 2016

Costa Rica’s hiring outlook for the next quarter is mostly stable, according to the latest Employment Outlook Survey from consulting firm ManpowerGroup. Fifteen percent of employers surveyed in Costa…

Lawmakers look to reinstate corporate tax law
Business
2143 views
Business
2143 views

Lawmakers look to reinstate corporate tax law

L. Arias - April 21, 2016

The Legislative Committee on Financial Affairs on Wednesday approved the latest version of a bill to reinstate the country’s corporate tax law, which was ruled unconstitutional last year…

Fitch maintains Costa Rica’s junk bond rating
Business
1959 views
Business
1959 views

Fitch maintains Costa Rica’s junk bond rating

Zach Dyer - January 21, 2016

It’s déjà vu all over again for Costa Rica’s investment rating. Fitch Ratings announced that the company was holding steady on its junk bond rating for Costa Rica, according…

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