Money

Dos Pinos healthy despite economy

by TCRN Staff Even 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...

EU Trade Commissioner Visiting Costa Rica

by TCRN Staff The 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...

New tax on airline tickets boosts tourism fund

by TCRN Staff The $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...

Central Bank changes inflation marker

by TCRN Staff The 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...

New 32nm processors will be assembled in Costa Rica

by TCRN Staff The 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...

Costa Rica FTA with Singapore is expected to close next week

by TCRN Staff Costa 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...

ARESEP raises rates on water, sewer, taxis, buses and more…

By TCRN Staff The 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...

New security rules in the U.S. affect food sales

by TCRN Staff The Foreign Trade Promoter (Procomer) announced that starting next year there will be a new safety standard in the United States (USA) which could generate some concerns as some perishable food wholesalers fear their products will deteriorate...

Economic Recovery ‘poco a poco’

By TCRN Staff: A recent Deloitte study predicts that consumption in the country will grow sharply in 2010, due to signs of economic recovery worldwide and especially in the U.S., Costa Rica's main trading partner. Both the Costa Rican Chamber of...

IMF increases funds available to Costa Rica

By TCRN Staff The International Monetary Fund (IMF) reported on its website Wednesday that it will increase Costa Rica's access to credit from $65 Million to $653 Million after the second economic review of a stand-by agreement which was finalized...
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Latest News

Pura Vida Wilderness: Exploring Guanacaste’s Volcanoes, Beaches, and National Parks

Three to five hours from San José, Guanacaste presents itself as a land of contrasts, where the warmth of...