• Costa Rica Real Estate
Request to raise fuel prices provokes sharp criticism
Business
1583 views
Business
1583 views

Request to raise fuel prices provokes sharp criticism

L. Arias - June 17, 2016

The National Oil Refinery (RECOPE) last Friday filed a petition to raise fuel prices that, if approved, would be the fourth increase this year. The announcement came the same…

0.5% pay increase approved for minimum-wage workers in private sector
Business
1761 views
Business
1761 views

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

L. Arias - June 17, 2016

Private-sector workers making minimum wage will receive a 0.5 percent hike starting July 1. The National Wages Council, which includes representatives from the government, employers chambers and labor unions,…

Costa Rica businesses want more moderately-skilled workers
Business
1658 views
Business
1658 views

Costa Rica businesses want more moderately-skilled workers

L. Arias - December 10, 2015

Costa Rica firms have a better outlook on their near future than they did last year, according to a new business survey, the second to be released this week.…

Electricity rates to rise 19 percent in January
Business
1368 views
Business
1368 views

Electricity rates to rise 19 percent in January

L. Arias - November 24, 2015

If you're a client of Costa Rica's National Power and Light Company (CNFL), prepare for a potentially big jump in your electricity bill next year. The Public…

Costa Rica to drop interest rates in attempt to jump-start economy
Business
1711 views
Business
1711 views

Costa Rica to drop interest rates in attempt to jump-start economy

Zach Dyer - October 21, 2015

President Luis Guillermo Solís has been pummeled by opponents over his handling of the economy since he took office last year, but he tried to parry those…

Finance Ministry submits tax reform bills to Legislative Assembly
Business
1880 views
Business
1880 views

Finance Ministry submits tax reform bills to Legislative Assembly

L. Arias - August 12, 2015

The Costa Rican government moved this week to reform the country's tax laws in an effort to attack the growing fiscal deficit, which has begun to raise…

Private-sector employers offer 0.94 percent wage increase for second half of 2015
Business
876 views
Business
876 views

Private-sector employers offer 0.94 percent wage increase for second half of 2015

L. Arias - June 9, 2015

Business leaders on Monday filed two salary increase proposals for private-sector employees for the second half of this year. Employers submitted to the Labor Ministry’s National Wages Council a…

Pessimism growing among Costa Rica’s business sector, studies find
Business
1235 views
Business
1235 views

Pessimism growing among Costa Rica’s business sector, studies find

L. Arias - May 29, 2015

Costa Rican entrepreneurs expect hiring to stagnate while the number of private-sector companies considering staff cuts has increased in recent months. Two separate studies presented Thursday by…

ICE could sell surplus electricity to neighboring countries
Business
2149 views
Business
2149 views

ICE could sell surplus electricity to neighboring countries

L. Arias - April 10, 2015

The Public Services Regulatory Authority (ARESEP) asked the Costa Rican Electricity Institute (ICE) to outline a plan to sell its electricity surplus to Central America’s Regional Electricity Market…

Local cargo company dismisses 65 employees
Business
1315 views
Business
1315 views

Local cargo company dismisses 65 employees

L. Arias - March 13, 2015

Costa Rican company Transportes Internationales GASH dismissed 65 workers in early March “due to a recent drop in cargo volumes,” general manager Luis Guillermo Solís Fernández announced in a…

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