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Government tables draft bills aimed at approving fiscal reforms

Delays on the approval of fiscal reforms prompted Fitch Ratings to downgrade Costa Rica's Long-Term currency bonds earlier this month and ratings for six banks, including four state-owned banks.

Costa Rica reacts to Donald Trump victory

Shock, angst in many quarters, and plunging markets greet the election of Donald Trump as the next President of the United States.

Salary increase for private sector set at 1.14 percent

The salary increase for 2017 followed the approval of a new calculation methodology that National Wage Council member said will benefit workers.

Private sector confidence remains lukewarm

President Luis Guillermo Solís received a tepid rating from the business community, but still better than the Legislative Assembly.

Request to raise fuel prices provokes sharp criticism

Business chambers, citizens and lawmakers asked the Supreme Court to overturn a ruling allowing RECOPE to include costs of non-salary perks in fuel prices.

0.5% pay increase approved for minimum-wage workers in private sector

Private-sector workers receiving minimum monthly wage will receive a 0.5 percent hike starting July 1.

Costa Rica businesses want more moderately-skilled workers

The best hiring prospects in the private sector during the next three months are for semi-professional and technical staff.

Electricity rates to rise 19 percent in January

The Public Services Regulatory Authority (ARESEP) approved an increase in electricity rates which, while only half the percentage increase requested by Costa Rica's National Power and Light Company (CNFL), is still a huge jump.

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 submits tax reform bills to Legislative Assembly

Business leaders and opposition party lawmakers have already voiced their opposition to the government's proposed tax reform bills.

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