Economic
What Are the Opportunities for Improvement in Habits of Debtors in Costa Rica?
On different occasions, experts have mentioned the need for financial education among the Costa Rican population. From implementing and adhering to budgets to having a conscious control of expenses, these are part of the habits that need improvement.This has...
Economic
Costa Rica Opens New Doors for Trade Facilitation With Entry Into Force of the Kyoto Convention
This week, the "International Convention on the Simplification and Harmonization of Customs Procedures (Amendment)," known as the "Revised Kyoto Convention (RKC)," came into effect in our country. It was approved at the beginning of September this year by the...
Economic
Costa Rica is Consolidating Itself as a Nearshoring Hub in Latin America
In a global context marked by the search for efficiency in the supply chain and geographic diversification, Costa Rica has emerged as a strategic destination for nearshoring in Latin America. According to the recent JLL report, “Nearshoring – Unveiling...
Economic
Costa Rica to Report New Record in Attracting Foreign Investment for Second Consecutive Year
Costa Rica will reach a record figure in terms of foreign direct investment this year, going from $3.788 billion in 2023 to $4.5 billion by the end of this year, according to data from the Central Bank.This will position...
Economic
Oyster Farming: Socioeconomic Alternative for Communities on the Costa Rican Pacific Coast
This work accompanies undertakings by coastal groups dedicated to the cultivation of curly oysters (Magallanagigas) in long line suspended systems. It began with the biotechnological development validated in the cultivation methodology and closed-cycle seed production and after the presentation...
Economic
What to Expect About Exchange Rates, Inflation and Interest Rates InCosta Rica
At a time of international fragility, the Costa Rican economy continues to stand out for its resilience and capacity for growth. Despite global instability, with wars in Ukraine and tensions in the Middle East, as well as the escalation...
Economic
Why Costa Rica is Considered a Business-Friendly Nation?
Costa Rica has established itself as a beacon of business-friendly policies, drawing entrepreneurs and investors from around the world. The country's commitment to fostering a conducive environment for businesses to thrive is reflected in various initiatives, incentives, and regulations...
Economic
Costa Rica’s “Marriage” to Electric Cars Affects Use of Other New Technologies that also Reduce Pollution
Advanced technology in combustion engines to reduce carbon dioxide (CO2) emissions. Hybrid vehicles that can be powered by fossil fuels, electricity and other fuels such as ethanol at the same time.These options that also reduce the polluting emissions that...
Economic
The Costa Rican Chamber of Banks Alerts the Population and Supports the Strategy Against“Gota a Gota”Loans
The Chamber of Banks and Financial Institutions (CBF) warns the population against the so-called “gota a gota loans”, since this type of financing is very risky for the population.According to data from the Survey on the financial culture of...
Economic
How Are Costa Rica and Puerto Rico Similar?Agricultural Opportunities Reconcile Their Commercial “Marriage”
“We had a good marriage for a long time that, for reasons that are not on the table, we stopped taking care of it (…) It was not given the affection that should have been given to a relationship...
Latest News
The Case for Cryptocurrency Adoption in Costa Rican Businesses: A Path to Financial Inclusivity and Growth
The cryptocurrency boom, as evidenced by growing BTC/USDT interest over the past decade, has reshaped the financial landscape globally,...