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COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

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Costa Rica economy

World Bank: Doing business in Costa Rica has never been easier

The single largest area of improvement for Costa Rica in the new report was in access to credit. Costa Rica rocketed to 7th in the world in the 2016 report compared to 90th in 2015.

Costa Rica to drop interest rates in attempt to jump-start economy

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.

Finance Ministry could lower Costa Rica income tax brackets

Currently some 952,000 workers in Costa Rica are exempt from the income tax but that figure likely would decrease if the Finance Ministry approves lower income brackets used to calculate taxes.

Live Stream: 2015 Latin American Cities Conference San José

We will be live streaming the 2015 Latin American Cities Conference: San José, brought to you by the Americas Society/Council of the Americas. The conference, "Costa Rica: A New Investment Opportunity," takes place Thursday, June 25, 2015 at the Costa Rica Marriott Hotel, starting at 8:30 a.m.

Bacardí opens regional service center in Costa Rica

The service center, located in Escazú, opened with 135 employees. The company estimates staff could increase up to 200 by December.

China helps boost Costa Rica’s beef exports

Exports of Costa Rican beef to China increased by more than 700 percent in one year, according Leonardo Murillo, a livestock research coordinator at the Costa Rican Cattle Corporation.

Coca-Cola CEO meets with Costa Rica president on expansion plans

President Luis Guillermo Solís and Muhtar Kent, CEO of U.S. soft-drink giant Coca-Cola, met at Casa Presidencial Wednesday morning to discuss the company’s expansion here and an initiative to incorporate more diverse producers into the company’s supply chain.

Tax on Costa Rica corporations is unconstitutional, says court

The Constitutional Chamber of the Supreme Court, or Sala IV, on Wednesday evening ruled three articles of the country's Corporate Tax Law unconstitutional, and as a result, collection will be suspended starting next year. The tax must be paid this year, however, by this Saturday's deadline.

Some members of Costa Rica’s business sector alarmed over ‘historic’ jump in unemployment

A recent wave of layoffs across several sectors of the economy — from Wendy’s to Avianca — has culminated in more than 228,000 unemployed Costa Ricans at the end of the third quarter of 2014, according to figures from the National Statistics and Census Institute.

Fitch Ratings downgrades Costa Rica outlook

Fitch Ratings downgraded its outlook on Costa Rica’s sovereign debt from “stable” to “negative” in a statement released Thursday morning. Despite the negative outlook, Fitch maintained its BB+ rating for the debt.

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