Ombudsman’s Office opposes hikes in electricity rates for CNFL
Business
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Business
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Ombudsman’s Office opposes hikes in electricity rates for CNFL

L. Arias - June 13, 2017

Officials from the Ombudsman's Office attended a public hearing at the Public Services Regulatory Authority (ARESEP) to voice their rejection of two hikes in electricity rates requested by…

Caja moves forward with raise in social security rate, but in two phases
Business
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Business
1283 views

Caja moves forward with raise in social security rate, but in two phases

L. Arias - June 2, 2017

The Board of Directors of Costa Rica's Social Security System, or Caja, voted in favor of enforcing a 1 percent raise in the monthly salary deduction of all workers. The measure aims…

Costa Rica’s new international airport expected to open in 2027
Business
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Business
8969 views2

Costa Rica’s new international airport expected to open in 2027

L. Arias - June 1, 2017

Public Works and Transport (MOPT) Minister Carlos Villalta announced Wednesday that the construction of Costa Rica’s new Metropolitan International Airport will begin next year and that a…

Travel Alert: Route 32 to Limón to close for two days this week
Business
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Business
1860 views

Travel Alert: Route 32 to Limón to close for two days this week

L. Arias - May 31, 2017

Route 32, the main road connecting the capital, San José, with the Caribbean province of Limón, will close for six hours both on Thursday and Friday. The Public…

Dollar exchange rate down following Central Bank’s intervention announcement
Business
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Business
3175 views1

Dollar exchange rate down following Central Bank’s intervention announcement

L. Arias - May 26, 2017

The Central Bank of Costa Rica (BCCR) will intervene in the foreign exchange market in order to curb the sustained hike in the exchange rate of the…

Workers’ unions deliver petition to reverse raise in Social Security rate
Business
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Business
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Workers’ unions deliver petition to reverse raise in Social Security rate

L. Arias - May 22, 2017

A group of just over 100 public employees and workers’ unions members blocked the capital’s Second Avenue on Monday morning to demand that officials from the Social Security System, or…

Dollar exchange rate reaches highest price in seven years
Business
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Business
3933 views

Dollar exchange rate reaches highest price in seven years

L. Arias - May 19, 2017

The exchange rate of the Costa Rican colón against the dollar reached ₡581.90 (to sell) and ₡569.26 (to buy) on Thursday, the highest since January 2010. The…

Workers’ unions to demonstrate against raise in Social Security rate
Business
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Business
1323 views

Workers’ unions to demonstrate against raise in Social Security rate

L. Arias - May 16, 2017

Workers' unions will demonstrate next Monday in downtown San José to protest against the 1 percent increase in the amount deducted from salaries by Costa Rica's Social Security…

Central Bank: That ₡5,000 counterfeit bank note message is fake
Costa Rica
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Costa Rica
1632 views

Central Bank: That ₡5,000 counterfeit bank note message is fake

L. Arias - April 26, 2017

The Central Bank of Costa Rica (BCCR) warned the population that a message circulating on social media and in SMS messages about the alleged circulation here of…

Employment outlook among industrial sector shows no improvement
Business
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Business
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Employment outlook among industrial sector shows no improvement

L. Arias - April 25, 2017

The employment and production outlook among industrial sector companies does not look very positive for the rest of this year, a survey from the Costa Rican Chamber of…