OIJ spokeswoman Xinia Zamora said that the raid aimed to discover if the law firm was aware of the illicit source of money used to buy properties in Costa Rica by a Dutch businessman.
Moody's Investors Service, Standard & Poor's and Fitch Ratings have dished out 93 corporate downgrades since Jan. 1, already more than in any full year since 2002, and they may not be done. Speculation is mounting that Moody's -- which met with officials in Brazil last week -- will lower the country's rating.
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.
Unemployment in Costa Rica reached 10.1 percent in the first quarter of this year, a slight increase over the same period last year, the National Statistics and Census Institute (INEC) reported Tuesday.
Christie's sold a painting by Pablo Picasso Monday night for $179.4 million, far exceeding both the firm's expectations and the previous record for the most expensive work of art ever sold at auction.
The trade minister said that while China’s increasingly affluent population makes it a large potential market for Costa Rican fruit, vegetable, meat and seafood exporters, entry into the market is complicated by a range of factors including distance, inexperience with the country and its business norms, and rigorous regulations.
Costa Rica exceeded its annual goal for foreign investment by an estimated $300 million in 2014, but new investments weren’t enough to outpace the loss of jobs from companies like Intel and Bank of America that exited the country this year.
Costa Rica is well-positioned to start attracting more high-tech jobs and improve its workforce, according to one keynote speaker at the Competitiveness Summit, held Wednesday at Escazú’s Hotel Real InterContinental and co-sponsored by the Costa Rican-American Chamber of Commerce (AMCHAM) and global consulting firm Deloitte.
