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Disappointing weekend for Costa Rican businesses, despite holiday
Costa Rica
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Costa Rica
5285 views

Disappointing weekend for Costa Rican businesses, despite holiday

Alejandro Zúñiga - August 17, 2020

Despite the long holiday weekend, coronavirus-related restrictions led to "absolutely non-existent" sales at many local businesses, the Costa Rican Chamber of Commerce said. In Orange Alert zones,…

Latin America could reach 215 million impoverished people, ECLAC warns
Costa Rica
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Costa Rica
1381 views

Latin America could reach 215 million impoverished people, ECLAC warns

Oscar Ugarte Jiménez / Semanario Universidad - June 17, 2020

The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) announced Monday that poverty and extreme poverty will increase considerably in the region as a…

S&P downgrades Costa Rica to ‘B’ due to coronavirus and worsening accounts
Costa Rica
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Costa Rica
1408 views

S&P downgrades Costa Rica to ‘B’ due to coronavirus and worsening accounts

AFP and The Tico Times - June 10, 2020

The rating agency Standard & Poor's (S&P) on Tuesday downgraded Costa Rica's credit rating to "B" with a negative outlook in response to doubts about the implementation of…

Pandemic leads Moody’s to drop Costa Rica’s ratings forecast
Costa Rica
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Costa Rica
1303 views

Pandemic leads Moody’s to drop Costa Rica’s ratings forecast

Alejandro Zúñiga - June 4, 2020

Moody's Investor Services, a United States-based financial company, changed its outlook on Costa Rica's ratings from stable to negative. The move comes months after the company downgraded Costa…

LATAM, Latin America’s largest airline, files for bankruptcy in US
Airlines
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Airlines
607 views

LATAM, Latin America’s largest airline, files for bankruptcy in US

Miguel SANCHEZ / AFP - May 27, 2020

Shares in Latin America's largest airline plunged on the New York and Santiago stock exchanges on Tuesday after LATAM filed for bankruptcy in the US. LATAM has…

Costa Rica registers inflation of 0.29% in February
Costa Rica
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Costa Rica
961 views

Costa Rica registers inflation of 0.29% in February

AFP and The Tico Times - March 6, 2020

Costa Rica recorded an inflation of 0.29% in February, higher than the 0.11% figure in January. Still, the accumulated total over the last 12 months remained below…

Global Entry: Costa Ricans could soon apply for a fast pass through US customs
Business
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Business
5043 views

Global Entry: Costa Ricans could soon apply for a fast pass through US customs

The Tico Times - March 4, 2020

Costa Rica could soon join the short list of countries whose citizens can apply for customs and immigration pre-approval for low-risk travelers to the United States. If…

Deficit leads Moody’s to downgrade Costa Rica’s credit rating
Costa Rica
1196 views
Costa Rica
1196 views

Deficit leads Moody’s to downgrade Costa Rica’s credit rating

Alejandro Zúñiga - February 13, 2020

Moody's Investor Services, a United States-based financial company, downgraded the Government of Costa Rica's long-term bond credit ratings to B2 from B1, it announced this week in…

Inflation in Costa Rica closed in 2019 at 1.52%, below the official target
Business
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Business
1008 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…

In Costa Rica, companies make social and environmental commitments
Business
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Business
1904 views

In Costa Rica, companies make social and environmental commitments

AFP and The Tico Times - November 3, 2019

An international business organization met Friday with its colleagues in Costa Rica in search of allies willing to adhere to the commitment to seek a social and…