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COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

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Only 10 percent of employers in Costa Rica expect to hire in last quarter

Expectations for companies to hire new workers in the last quarter of this year have dropped in all sectors and are at the lowest level in recent years, the consultant company Manpower reported on its Costa Rica Employment Outlook Survey 4Q released Tuesday.

Despite a growing deficit for Costa Rica, no new taxes planned for 2015

One revenue stream the administration seems bully on is improving tax collection. During his 100-day speech, President Luis Guillermo Solís noted that tax evasion, estimated at 13.8 percent of GDP, outpaced actual tax collection during 2013, at 13.1 percent of GDP

Recent exchange rate stability offers relief to businesses

The Central Bank’s efforts to quell volatility in the Costa Rican currency seem to be working. But analysts note that there are bigger problems on the horizon for businesses.

Mexico said set to announce new capital airport opening in 2018

MEXICO CITY — President Enrique Peña Nieto is poised to announce a new, larger airport for Mexico City that would open in 2018 to end persistent delays at Latin America's busiest hub, people with direct knowledge of the plan said.

2 Costa Rican business groups among Central America’s most influential, says Forbes México

The magazine on Aug. 5 named the 10 most influential families in Central America, based on the number of businesses in the region and the families’ economic clout.

Costa Ricans racked up credit card debt on TVs, travel during World Cup

“People definitely use their credit cards more when there’s euphoria, but now the fun has passed and it’s time to sit down and figure out what you owe,” Elena Galante, corporate social responsibility manager for BAC Credomatic, told The Tico Times.

Finance Ministry submits bill to improve tax collection, reduce evasion

The bill sent by Finance Minister Helio Fallas includes nine major reforms that would give officials more tools to monitor and tax financial transactions, including a requirement that all businesses accept credit or debit cards as payment.

Russia OKs imports of Costa Rican beef, milk powder

Costa Rica's cattle industry meets all health requirements for exporting to Russia, according to Russia's Federal Administration of Veterinary and Phytosanitary Control.

Salary increase for private sector set at 2.35 percent with a little extra for minimum-wage earners

The National Wages Council on Tuesday evening approved with six votes in favor and three against an increase of 2.35 percent for 1.2 million workers in the country’s private sector. The percentage increase will apply to salaries for the next six months.

Pioneer US economist uses data to take on homophobia

Economist Lee Badgett says equal treatment for gays and lesbians can benefit economies from Virginia to India. For the past two decades, she's mined data in her quest to prove it.

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