Business closures

ICE Executive President Carlos Obregón and CNFL General Manager Víctor Solís will have to appear before a Legislative Assembly committee to explain the impact of the agencies' investments on electricity rates.

Suttle's relocation means the dismissal of the company’s 113 employees in a process that will commence this week and expected be completed within the next six months.

After a scare earlier this year, Gallito candies will continue to be made in Costa Rica after all.

Morenitos, Violetas, Milanes, Guayabitas, Tapitas and other Gallito brand candies will no longer be made here. The century-old Gallito started as a small store in downtown San José.

The avocado war, the departure Alimentos Jack's and more: A roundup of Costa Rica's most relevant business stories during 2015.

Mexican appliance manufacturer Mabe on Friday announced the closure of its refrigerator manufacturing plant in Costa Rica and the immediate dismissal of 445 of its 540 employees.

Burger King Corporation U.S. ordered the immediate closure of all 29 restaurants in Costa Rica as of today, Oct. 5. The closures mean 434 employees will lose their jobs, the owner of the local franchise BK Costa Rica said in a news release. The decision reportedly stems from a dispute between BK US and BK Costa Rica.

Costa Rica's restaurant sector – and specifically its fast-food sector – is showing improvement in the number of openings in the second half of this year, a trend Costa Rican Restaurants Chamber President Jorge Figueroa said is good news for job growth.

The company blames the country's excessive red tape. It plans to dismiss all 400 employees here.

If passed by the full Legislative Assembly, the program would restructure the debt of more than 70 tourism businesses and provide them with administrative consulting.