President Laura Chinchilla and President-elect Luis Guillermo SolÃs wrangled this week with the political consequences of microchip giant Intel’s exit from Costa Rica, while observers search for the next big high-tech opportunity.
NEW YORK – Coffee futures rose to a 25-month high as concerns mounted that the global market will swing to a deficit after a drought in the first quarter ravaged crops in Brazil, the world's biggest producer and exporter.
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.
Intel Corporation on Tuesday addressed rumors circulating in recent days about the company's future in Costa Rica, saying in a press release they will close their microchip assembly and testing operations in the country over the next six months. A total of 1,500 employees will lose their jobs.
A group of 14 entrepreneurs from Germany arrived in Costa Rica over the weekend to evaluate investment opportunities in the country, the Foreign Ministry said on Monday.
Be it soft serve, frozen custard or milk shakes, Ticos love their ice cream. Recently, three companies announced their intentions to cash in on all the dessert love by opening or expanding their businesses in the country. Those companies are Sub Zero Ice Cream & Yoghurt, Dairy Queen and POPS.
The high cost of electricity and fluctuating exchange rate ranked among the greatest concerns for Costa Rican businesses during the fourth quarter of 2013, according to the Union of Private-Sector Chambers and Associations' latest Business Pulse survey released Wednesday.
The Costa Rica Tourism Board along with a group of private-sector companies will promote Costa Rica as a destination for adventure travel at the Los Angeles Travel & Adventure Show 2014 and the Boston Globe Travel Show 2014.
