Money

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...

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...

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...

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...

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...

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...

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...

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...

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 $...

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...