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Most Costa Ricans still prefer to pay in cash, study finds
Business
2142 views
Business
2142 views

Most Costa Ricans still prefer to pay in cash, study finds

L. Arias - July 23, 2015

More than half of Costa Rican adults — 62 percent — own a debit or credit card but most of them still prefer to use cash for…

Money for startups: The key to creating more companies?
Business
2006 views
Business
2006 views

Money for startups: The key to creating more companies?

Randall Trejos - July 20, 2015

We can all agree that anything that contributes a third of a country’s gross domestic product is fairly important, right? According to the Ministry of the Economy…

Lawmakers probe Banco de Costa Rica appointments, salary bonuses
Business
1406 views
Business
1406 views

Lawmakers probe Banco de Costa Rica appointments, salary bonuses

L. Arias - February 10, 2015

Members of the Legislative Assembly's Commission on Public Income and Expenditures on Monday scrutinized the manner in which state-owned Banco de Costa Rica (BCR) appointed its current…

Crime
1629 views

Leaked bank files show HSBC ‘helped clients dodge taxes’

AFP - February 9, 2015

A cache of secret bank files shows that HSBC's Swiss banking arm helped wealthy customers avoid taxes and hide millions of dollars, according to a report by…

Except for construction, bank loans in Costa Rica increased across the board in 2014
Business
1373 views
Business
1373 views

Except for construction, bank loans in Costa Rica increased across the board in 2014

L. Arias - February 5, 2015

Costa Rican banks last year registered positive numbers for all but one of their credit options available to both personal and commercial loan portfolios. Loans for the construction sector registered a decrease, the Costa Rican…

Executive branch asks public banks for a full report on salary incentives and bonuses
Business
1072 views
Business
1072 views

Executive branch asks public banks for a full report on salary incentives and bonuses

L. Arias - February 4, 2015

Vice President and Finance Minister Helio Fallas announced on Tuesday that the government will conduct an evaluation of all salary incentives and policies at public banks, following an…

Salary incentives and bonuses at public banks hurt credit options for small businesses, says comptroller general
Business
1525 views
Business
1525 views

Salary incentives and bonuses at public banks hurt credit options for small businesses, says comptroller general

L. Arias - January 28, 2015

A report made public this week by Costa Rica's Comptroller General's Office notes that from 2006-2012, three of the country's public banks spent ₡100 billion ($185 million)…

10 ways life in Costa Rica has been transformed, and you didn’t even notice
Expat Living
3376 views
Expat Living
3376 views

10 ways life in Costa Rica has been transformed, and you didn’t even notice

Theo Mills - January 3, 2015

Over the last five years, Costa Rica has been transformed in some small ways we now take for granted. Living here will never be the same again.…

Citigroup announcement sparks hectic week for Costa Rica’s banking sector
Business
1230 views
Business
1230 views

Citigroup announcement sparks hectic week for Costa Rica’s banking sector

L. Arias - October 15, 2014

Citigroup's announcement on Tuesday that its retail banking business would be leaving Costa Rica prompted a chain reaction of speculation and drama. On Tuesday morning, the financial group issued a…

New banking consumer watchdog agency to open in November
Business
1361 views
Business
1361 views

New banking consumer watchdog agency to open in November

L. Arias - August 26, 2014

Not happy with your bank? Angry customers soon will be able to file complaints with a new Financial Services Ombudsman’s Office, which begins operating in November. The Costa…

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