Finance Minister: Costa Rica needs drastic spending cuts
Economy
1921 views
Economy
1921 views

Finance Minister: Costa Rica needs drastic spending cuts

AFP - May 31, 2018

Costa Rica's new Finance Minister, Rocío Aguilar, presented a package of drastic cuts to public spending at the Legislative Assembly on Wednesday and asked legislators to support…

No solution in sight for judicial workers’ strike
Costa Rica
2270 views
Costa Rica
2270 views

No solution in sight for judicial workers’ strike

L. Arias - July 25, 2017

Leaders of Costa Rican Judicial Branch workers’ unions, on strike since last week over a stalled pension reform plan, announced Monday that other public-sector unions will join them…

Costa Rica enforces new methodology for calculating dollar exchange rate
Business
3559 views1
Business
3559 views1

Costa Rica enforces new methodology for calculating dollar exchange rate

L. Arias - July 6, 2017

The Central Bank of Costa Rica (BCCR) has enforced a new methodology to calculate the reference exchange rate of the US dollar, and it has already showed…

Consumer optimism remains low in Costa Rica
Business
1328 views
Business
1328 views

Consumer optimism remains low in Costa Rica

L. Arias - March 2, 2017

Consumer confidence in Costa Rica’s economic outlook showed slight improvement over the past quarter but remains low, researchers from the University of Costa Rica (UCR)’s School of Statistics have found. The…

Hiring outlook stable for upcoming quarter
Business
1017 views
Business
1017 views

Hiring outlook stable for upcoming quarter

L. Arias - June 22, 2016

Costa Rica’s hiring outlook for the next quarter is mostly stable, according to the latest Employment Outlook Survey from consulting firm ManpowerGroup. Fifteen percent of employers surveyed in Costa…

Lawmakers look to reinstate corporate tax law
Business
1295 views4
Business
1295 views4

Lawmakers look to reinstate corporate tax law

L. Arias - April 21, 2016

The Legislative Committee on Financial Affairs on Wednesday approved the latest version of a bill to reinstate the country’s corporate tax law, which was ruled unconstitutional last year…

Fitch maintains Costa Rica’s junk bond rating
Business
1054 views1
Business
1054 views1

Fitch maintains Costa Rica’s junk bond rating

Zach Dyer - January 21, 2016

It’s déjà vu all over again for Costa Rica’s investment rating. Fitch Ratings announced that the company was holding steady on its junk bond rating for Costa Rica, according…

Costa Rica’s upbeat economic projections may not be enough to lower unemployment rate
Business
1139 views4
Business
1139 views4

Costa Rica’s upbeat economic projections may not be enough to lower unemployment rate

Zach Dyer - January 12, 2016

The Costa Rican Central Bank (BCCR) and Casa Presidencial both released upbeat economic forecasts for the coming years with predictions of continued low inflation, exchange rate stability…

China’s slowdown, financial mayhem cast long shadow across world
Business
675 views
Business
675 views

China’s slowdown, financial mayhem cast long shadow across world

Ana Swanson and Kevin Sieff |The Washington Post - January 12, 2016

China's economic slowdown and financial mayhem are fostering a cycle of decline and panic across much of the world, as countries on nearly every continent see escalating…

Costa Rica registers negative inflation in 2015
Economy
1443 views
Economy
1443 views

Costa Rica registers negative inflation in 2015

AFP - January 8, 2016

Costa Rica ended 2015 with a negative inflation rate, thanks in large part to lower fuel and electricity costs, according to figures released by the National Statistics and…