Money

Fitch Ratings is one of the three nationally recognized statistical rating organizations designated by the U.S. Securities and Exchange Commission. In a recent report, Fitch Ratings has placed Banco Internacional de Costa Rica’s (BICSA) Issuer Default Rating (IDR) at...

The Costa Rica News (TCRN) - According to a report on Bloomberg Business, Costa Rica’s currency (the Colón) is the Western Hemisphere’s best performer this year. The primary reason given is low oil prices have cut demand for American...

President Luis Guillermo Solis is a strong devotee of economic nationalism. One of his precepts of public policy is the "food sovereignty." This ideology states that Costa Rica has to produce what it consumes, no matter how expensive it...

The few rains and strong winds have affected the Honey production in Costa Rica; this situation endangers to the apiaries (bee keepers) owners and dealers of honey. For that reason, Honey imports significantly increased to meet consumer demand in...

The Costa Rica Ministry of Environment and Energy (MINAE) presented nine more companies with the Carbon Neutral (C-Neutral) seal, reported an official source.Of the nine companies, seven were nominated by the Institute of Technical Standards of Costa Rica (INTECO):...

Women entrepreneurs wishing to start their own business or who want to consolidate their businesses now have access a to ¢750 million in loans with favorable terms.This is a special line of credit than those offered by the financial...

Mondaisa, a Costa Rican tea company, has expanded its production plant and had its grand opening Thursday afternoon.The company was founded in 1985 and stated as a small organic herb farm very close to the Poas Volcano in Alajuela, Costa...

The Costa Rica News (TCRN) - On Wednesday, Dr. Franklin Chang announced that his company Ad Astra Rocket was ending their relationship with the Costa Rican Oil Refinery (Recope) to develop hydrogen fuel technology in the country.The former astronaut explained...

The Costa Rica News (TCRN) - BK Central has announced the closure of four Burger King franchises in Costa Rica, leaving 39 people without jobs.Of the 33 restaurants in the country, these four are closing on Saturday: Heredia, Plaza...

Small and medium entrepreneurs who want to develop environmentally friendly projects or start an eco-conscious business will have access to $1.3 million in loans to finance these initiatives.The credit manager of Fundecooperación, Enrique Meza said that the amounts granted...