Owners of the Europa Hotel & Casino and Hotel Radisson’s Casino, located in San José, announced they would close the businesses and lay off 250 staff members due to high operating costs, the group's attorney, Hugo Navas, said.
President-elect Luis Guillermo Solís pledged on Tuesday to maintain and improve the business climate in Costa Rica to help draw more foreign investment to the country.
Costa Rica’s high-tech and service industries took a hard hit on Tuesday as microchip manufacturer Intel and Bank of America announced roughly 3,000 layoffs between both companies.
