Money

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...

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...

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...

by TCRN StaffEven during the existing economic crisis, Dos Pinos was and continues to plan ahead, investing $14 million in new projects in 2009 and intends to invest another $19 million in equipment purchases and upgrades this coming year.The...

by TCRN StaffThe new trade commissioner of the European Union (EU), Benita Ferrero-Waldner, will visit three Central American countries next week to promote the resumption of negotiations for an Association Agreement.The European official will makes stops in Guatemala, El...

by TCRN StaffThe $20 million collected via a new airline tax levied on tourists by the Costa Rican Tourism Institute (ICT) will be used to bolster tourism advertising campaigns both here and abroad.The fee of $15, which has been...

by TCRN StaffThe central bank will be using a different indicator to assess inflation, an measure called a truncated mean estimation.This estimate excludes products and services in the consumer price index (CPI) that show more extreme variations in a...

by TCRN StaffThe Intel plant in Costa Rica will assemble and test the new 32-nanometer chips, the first of their kind in the world, with smaller transistors and higher speeds than have ever been achieved for desktop computers.The company...

by TCRN StaffCosta Rican negotiators hope to finalize the free trade agreement (FTA) with Singapore next week.Fernando Ocampo, chief negotiator for Costa Rica to the FTA, said this week there was consultation with the domestic private sector to clarify...

By TCRN StaffThe Regulatory Authority for Public Services (Aresep) has started the new year with cost increases for water, sewage systems, taxis, postal services and nine bus routes.In addition, Aresep is also considering an increase for premium gasoline and...