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French IT services company expands operation
by SERGIO ARCE ABy the end of the year, the French firm Teleperformance services recruit 300 people, who will join the 310 who now work for the firm in Santa Ana.Eduardo Lugo, general manager of the company, said the...
Money
Low price of the dollar affects finances of private banks
by TCRN StaffThe sharp depreciation that has taken the dollar against the colon since August last year, have taken their toll on the finances of private banks.The impact of this exchange can be seen since last September, when the...
Money
Costa Rica companies join forces to increase competitiveness
by TCRN StaffTen private companies and four public institutions joined together in order to improve and raise the competitiveness of the country as part of the Ally Foundation for Development.Jorge Nowalski, president of the foundation, explained that there are...
Money
Dollar continues to weaken
by TCRN StaffThe dollar was steady in morning bank counters practically the same as yesterday, when it fell about ¢17.This morning, the dollar was trading at Banco Credito Agricola de Cartago at ¢ 528 for sale and ¢ 518...
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Economic activity continues to show improvement
by TCRN StaffThe Central Bank announced this week that the Monthly Index of Economic Activity (IMAE) rose 7.2% in January this year over the same month of 2009.This was the largest variation (each month over the same month last...
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Taca delays investment in Costa Rica
by TCRN StaffRoberto Kriete, CEO of TACA Airlines, said yesterday that his company has postponed huge investments in Costa Rica due to infrastructure constraints at the Juan Santamaria International Airport.Aeris took over the management of the Juan Santamaria last...
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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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This is the Date and Time to See the Moon Turn Red in Costa Rica
On the night of Thursday, March 13, and the early hours of Friday, March 14, the Costa Rican sky...