TCRN STAFF: SAN JOSE (Costa Rica), Rene Castro, Costa Rican Foreign Minister met this week along with Costa Rican ambassadors in Asian countries to move forward their efforts in the region. The Minister and Foreign Policy Director Jairo Hernandez met in Beijing, together with Costa Rican ambassadors to China, Japan, South Korea, Singapore, Qatar and [...]
TCRN STAFF: Brian Smith, It seems that there are enough forward-thinkers among the powers-that-be in Costa Rica that a new wave of economic prosperity is currently in the works. The Costa Rican government has begun to reemphasize retirement communities as a priority, something unseen in this country in a decade or more. Considered to be [...]
Costa Rica’s bond rating was raised to investment grade, as Costa Rica’s economics have improved dramatically since 2008, reported Moody’s Investor Service. Moody’s Investors Service is a leading provider of credit ratings, research, and risk analysis. The firm’s ratings and analysis track debt covering more than 110 countries. Brazil, Chile and Peru have also seen [...]
by GABRIELA MAYORGA New Credit Card Rules, in force since last Tuesday, prohibits issuers from making “harassing” phone to clients or their families in order to collect outstanding balances. The legislation protects cardholders who have experienced this type of practice in the past, identified as “abusive” by the Ministry of Economy, Industry and Commerce (MEIC). [...]
by TCRN Staff If market inflation expectations become a reality next year like they have in the past, the indicator would have a 131% growth within 12 months. According to the latest survey of expectations by the Central Bank of Costa Rica (BCCR) for the month of November, the inflation would reach 7.3% in October [...]
By TCRN Staff: A recent Deloitte study predicts that consumption in the country will grow sharply in 2010, due to signs of economic recovery worldwide and especially in the U.S., Costa Rica’s main trading partner. Both the Costa Rican Chamber of Commerce and the National University project that next year there will be an upturn [...]
US-based BPO and KPO firm Motif has opened a delivery centre in Costa Rica where it will offer bilingual service in English and Spanish. The company aims to tap Latino client base in the US and other geography. The company will invest $2.5 million in the centre and will begin operations in January next year. [...]
TCRN Staff The average price of the US dollar on the wholesale market fell on the 5th an additional ¢3.79, thereby accumulating in a ¢7.63 reduction in the last two days. On Monday, Tuesday and Wednesday, the price of the dollar rose almost ¢23, but in the last two days it ended down at ¢568.25, [...]
ANKARA- Turkish and Costa Rican leaders said Wednesday the two countries intend to sign a free trade agreement to boost bilateral economic relations and also enhance political ties, Turkish media reported. Turkish President Abdullah Gul told a joint press conference with his Costa Rican counterpart Oscar Arias that Turkey wants to sign a free trade [...]
In the midst of the mighty shock caused by the international crisis, especially in relationship with future expectations, the investors must keep making decisions about their capitals. As a matter of fact, the discussion has gone beyond the future possibilities of financial markets, but also some economic sectors such as the car industry, the real [...]
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