Casa Presidencial presented the plan Monday with a proposal to lower interest rates 2 percent and spark GDP growth to 4 percent by the end of next year.
On Wednesday and Thursday, 51 countries filed their climate action plans with the United Nations, a key step toward reaching an international accord at the Paris climate summit in December. Altogether, more than 130 nations accounting for about 85 percent of global greenhouse gas emissions have filed plans.
Being aware of the differences between the types of startups and the advantages and disadvantages of each can help entrepreneurs better prepare for the road ahead and make better decisions when making the leap.
Ad Astra Rocket, the company founded by Tico scientist and ex-astronaut Franklin Chang Díaz, will develop space propulsion systems for a new NASA project, the company reported this week.
Certain U.S. businesses will now be permitted to open offices and bank accounts in Cuba, establish joint ventures with some Cuban government entities and hire Cubans to work for them under major regulatory changes announced by the Obama administration Friday.
Costa Rica's Civil Aviation Authority announced it would start regulating unmanned aerial vehicles here by the end of the year. The new rules might have trouble getting off the ground, though, including one provision that would require businesses to pay more than $1,800 to use them here.
The Solís administration has declared Uber’s service illegal and threatened to fine chauffeurs caught driving passengers, but it has so far ignored Airbnb, a service that allows private citizens to rent out their homes to guests.
While Costa Rica's emphasis traditionally has been on generating hydropower, the country has fallen woefully behind on its generation of solar power. Despite many obstacles, department store Francisco Llobet e Hijos decided to help lead the charge and show that going solar can provide significant savings.
Officials used words like “crisis” and “precarious” to describe the country’s fiscal situation after years of legislative gridlock that have been unable to rein in Costa Rica’s deficit, despite several downgrades from international ratings agencies.
