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Decline in coffee production attributed to aging plantations
by TCRN StaffA 35% decline in national production of coffee in the last seven crops have stimulated authorities to the sector to begin seeking solutions to the problem.During the 2002-2003 growing season, production reached 2.92 million bushels (equivalent to...
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Debt had the largest increase in 10 years
by TCRN StaffIn 2009 the burden of public debt rose 2.9 percentage points and ended the year in an amount which represented 42.3% of domestic production.This is the largest increase in percentage points registered since 1999 and it reverses...
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Israeli businesses looking for partners in Costa Rica
by TCRN StaffA delegation of Israeli businessmen representing 16 companies from various sectors arrive in the country next week in seeking new business opportunities with their Costa Rican peers.Mario Burstein, director of the Israel-Latin America Chamber of Commerce, said...
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Exports and imports on a recovery trend
by TCRN StaffOverall trade of goods has been showing steady signs of recovery since last November.Cumulative exports in the last 12 months (February 2009 to January 2010) totaled $ 8.886 billion, up 5% over the previous 12 month period...
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Barrio Escalante is preparing for an urban renewal
by TCRN StaffAn urban renewal plan promises to improve the quality of life for the people in Barrio Escalante, and to foster the consolidation of its businesses and services.The Municipality of San Jose and the Neighborhood Association Barrio Escalante...
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National Bank proposes more credit for tourism and construction
by TCRN StaffAccording to the new president of the board of the National Bank, Alfredo Volio, the National Bank will be tasked with helping the revival of the national economy through increased credit placement in hurting areas such as...
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Moog medical firm opens $ 3.5 million plant
by TCRN StaffThe medical device industry welcomed the 31st company of its kind to the country.Moog Medical Devices, which specializes in the production of infusion devices and supplies, opened its first plant here yesterday with an investment of $...
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Costa Rican Banks go Digital
by TCRN StaffAccording to Francisco Carvajal, director of financial services for the Central Bank, they has licensed five commercial banks; Banco Popular, Banco Nacional, Banco de Costa Rica, BCT, BAC San José, to offer digital bank cards.The digital card...
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FTA with Singapore Reaching Final Stages
by TCRN StaffCosta Rica and Singapore hashed out an agreement on Thursday to establish rules that investors must meet in order to provide financial services here in Costa Rica.Fernando Ocampo, chief negotiator for the FTA said yesterday that to...
Money
Fast Food Chains Add to Economic Recovery
by TCRN StaffThe popular fast food chains McDonald's, KFC, Quiznos, Burger King, Church's Chicken, Papa John's, Campero, Taco Bell and Wendy's are planning on opening 29 new restaurants in 2010, with the majority being in the Greater San Jose...
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Average Price of the Dollar in Costa Rica Approaches ¢500
The price at which participants in the Foreign Currency market (Monex) quote the dollar has gradually approached the ¢500...