Amidst the political and social turbulence that plagues many of the Latin America countries, Costa Rica has been able to sidestep that. The economic, political and social stability of Costa Rica is one characteristic that has distinguished it through its entire contemporary history and as one of its most important strengths, has enabled it to [...]
Most of us would have to get a map to know where Costa Rica is located. It is not a country that has been in the news. It has no army. It is not a country that has called attention to itself due to hunger and poverty because it has the ability to feed itself [...]
The Latin American and Caribbean region showed great resilience to the international financial crisis according to a newly released U.N. report on foreign direct investment (FDI) in 2010. Costa Rica was the second largest recipient in Central America.
Fitch Ratings, an international economic ratings service, has given Costa Rica a thumbs up for its financial climate.
The government of Costa Rica has announced certain measures to deal with the increase in government spending in order to improve the public financial state.
Exports to the United States rose 24.1% in 2010, according to figures provided by the Promotora del Comercio Exterior de Costa Rica (PROCOMER).
A tax bill was presented by the government last Monday that proposes an increase of 10 percentage points in the selective consumption tax and a rise of 2.5% to 3% transfer tax on vehicles.
On Tuesday, the Costa Rican government presented to Congress a fiscal reform plan that proposes to transform the sales tax on a value added tax (VAT) and increase its rate from 13% to 14%.
This year, Costa Rica improved in the Index of Economic Freedom, which is published in January of each year by the Heritage Foundation and The Wall Street Journal. According to the report, Costa Rica ranks 49th in the world among a total of 179 countries. In 2011, Costa Rica earned 67.3 points out of 100, which [...]
For the coming year, the state agency intends to place ¢850,000 million, nearly 10 times the figure given in 2010, which amounted to ¢88,300 million.
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