Money

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...

Dollar continues to weaken

by TCRN Staff The 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...

Economic activity continues to show improvement

by TCRN Staff The 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...

Taca delays investment in Costa Rica

by TCRN Staff Roberto 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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