Wariness about the country’s employment and economic situation caused a slight decline in confidence among business sector leaders during the first quarter of this year, according to a recent survey.
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.
Costa Rica's capital leads the region in four of the 12 categories of “The World's Most Competitive Cities 2015” ranking that analyzes the most attractive cities for investment worldwide.
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.