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Costa Rica
Wednesday, May 25, 2022
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Local franchises look for investors at open house in San José

A total of 34 new franchises launched operations last year in Costa Rica. Twelve of them were Costa Rican businesses.

Lawmakers probe Banco de Costa Rica appointments, salary bonuses

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 general manager and two assistant managers.

New AMCHAM president says Costa Rica is ‘well-rooted’ in tourism

As Costa Rica worried about its privileged spot as a world-renowned tourist destination this year amid high operating costs and neighborhood competition, the Costa Rican-American Chamber of Commerce elected a seasoned veteran of international hotel management as its president on Jan. 27.

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

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 investigation by the Comptroller General's Office last month. The investigation found that salary incentives and bonuses are hurting credit options for people and for small businesses.

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

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) on salary incentives and bonuses for employees, which is the equivalent of almost a quarter of their total profits.

Costa Rica to build its first industrial park for small- and medium-sized businesses

The Millennium Industrial Complex will house approximately 40 small- and medium-sized enterprises that have “export potential,” Costa Rican Chamber of Industries President Enrique Egloff said.

Talent and good policy are key targets for improving Costa Rica’s competitiveness, forum experts say

Costa Rica is well-positioned to start attracting more high-tech jobs and improve its workforce, according to one keynote speaker at the Competitiveness Summit, held Wednesday at Escazú’s Hotel Real InterContinental and co-sponsored by the Costa Rican-American Chamber of Commerce (AMCHAM) and global consulting firm Deloitte.

Humberto Pacheco: An AMCHAM founder returns as president

The Costa Rican-American Chamber of Commerce (AMCHAM) has a new president; although as one of the original founders of the business chamber, Humberto Pacheco isn’t really new. In fact, he’s been around for quite a while, and many feel he’s well qualified to lead the chamber in the 21st century.

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