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.
Two U.S. technology companies will expand their operations here and will be looking for staff for their finance, software developing, software quality and other information technology departments.
The iconic Costa Rican store Almacén El Gallito, which in recent years sold mostly party supplies and furniture, last Friday closed its seven locations in Costa Rica citing financial problems.
Six out of 10 private employers in Costa Rica said they disapproved of President Luis Guillermo Solís at the end of his first year in office, according to a recent poll. Still, the survey results suggest moderate optimism among the business community about the country's near-term economic future.
A majority of employers surveyed in a recent study said most recent graduates here are ineligible to be hired because they lack technical skills and experience.
Local Dos Pinos dairy products were Costa Rican consumers' top choice last year, according to the annual Brand Footprint report released this week by consulting firm Kantar Worldpanel.
Business group Desarrolladora Parque La Sabana S.A. officially inaugurated a new hotel from the Hilton Garden Inn franchise and announced they will renovate the capital's historical icon Gran Hotel Costa Rica.
Colombian coffee giant Juan Valdez officially inaugurated the first of five stores it plans to open in Costa Rica this year, representing a total investment of $2 million.
