The total value of Costa Rican export goods fell by 15 percent last year, though most of that decline is attributed to the 2014 exit of chipmaker Intel.
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.
World Fuel Services (WFS), a company in the marketing and financing of fuel products sector, will expand its operations in Costa Rica next year, and it is currently recruiting 70 people, the Foreign Trade Ministry reported.
Intel is recruiting professional and technical staff for its new research and development center in Costa Rica, which the company officially announced Tuesday in San José.
Microprocessor manufacturer Intel announced Monday the opening of its Client Computing Group in Costa Rica, a new business unit dedicated to developing tablets and PCs.
Exports of goods from Costa Rica during the first nine months of 2015 rose 2.3 percent compared with the same period of 2014 -- if adjusted for the infamous "Intel effect."
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.
Exports to China grew by an annual average of 7.6 percent between 2004 to 2014. Last year exports reached a total of $338.3 million, according to Costa Rica's Foreign Trade Ministry.
