Money

Money Does Grow on Trees!

Costa Rica, known as one of the best agriculture hot spots in the western hemisphere, is now growing oil fields for the Biofuel markets. One program in particular has been capturing the attention of investors, is called Multi Purpose Real...

G20 seeks strategies to avoid relapse into world recession

Members of the G20 summit, which opened last night in Toronto, will compare their strategies to avoid a relapse into recession, as the collapse of the Greek economy has dampened optimism about a quick and orderly exit from the...

Rate changes in fares and electricity under discussion

by LUIS EDO. DIAZ The Aresep has scheduled six public hearings, the majority of which are next month, to address several requests regarding the rate increase for services like public transport and energy. The strongest increase to be examined by the...

ICE to restrict service based on income

by VARGAS NAYURIBE To be sure that the new 3G phone users have sufficient funds to pay their Kölbi plans each month, the Costa Rican Electricity Institute (ICE) has begun to request proof of income to those who acquire the...

Potential Interference with Phone and Internet Service

ICE said the cell phone signals and sets, as well as the Internet, will suffer interference from a government decree to reassign radio frequencies that are now in the hands of the institution. Last Friday, the Ministry of Environment, Energy...

Tax Exemption for Green Energies

by ESTEBAN KILL The government proposes to eliminate all taxes on machinery and equipment used for power generation, according to a bill to open the electricity market and encourage private sector participation. "Machinery or electrical components which serve to project developers,...

Demand for bi and trilingual staff continues to grow

by SERGIO ARCE A. Mastering English is not enough to get a job. Multinationals in the country look, increasingly, for professionals who speak more than two languages. 10 years ago, only two companies, Western Union and Sykes, hired multilingual staff to...

French IT services company expands operation

by SERGIO ARCE A By 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...

Low price of the dollar affects finances of private banks

by TCRN Staff The 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...

Costa Rica companies join forces to increase competitiveness

by TCRN Staff Ten 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...
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The Rise of Wellness Pura Vida Tourism in Costa Rica

Costa Rica continues to position itself at the forefront of global tourism by transforming its natural resources into tools...