Public unions go on ‘indefinite’ strike Monday; fuel shortages possible
Despite last ditch negotiations by the Solis administration late last week, the union bloc of public sector workers known as Patria Justa launched an ‘indefinite’ strike Monday morning, which union…
Costa Rica credit card debt soaring despite astronomical 40-50 percent interest rates
According to the most recent study by the Ministry of Economy, Industry and Commerce (MEIC), 72 percent of credit cards issued in Costa Rica carry interest rates ranging from 40…
Costa Rica, Kazakhstan discuss renewable energy, visa-free travel
Kazakh Foreign Minister Erlan Idrissov said during a meeting Thursday with his Costa Rican counterpart, Manuel Gonzalez Sanz, that "Kazakhstan is interested in Costa Rica's experiences with renewable energy."…
BCR to eliminate 250 staff as earnings plummet
Banco de Costa Rica will eliminate 250 staff from its payrolls, saving the bank some US $16.8 million per year, Teletica reported on Wednesday.…
Costa Rica regulator changes methodology for calculating fuel prices
Costa Rica’s Regulatory Authority for Public Services (ARESEP) has changed the methodology by which the Costa Rican Oil Refinery (RECOPE) must calculate the price of gasoline, diesel, and other petroleum-derived…
Costa Rican firm amongst winners of Colombia road contracts
Colombia's national highway authority, Invias, has awarded a pair of road renovation contracts to two consortiums whose members include the local units of construction companies based in Spain and Costa…
BCR imposes $100 limit on ATM withdrawals
Banco de Costa Rica (BCR) has imposed a US $100 withdrawal limit, or the equivalent amount in colones, for any card not issued by BCR or Banco Nacional at the…
Stylish, discreet bulletproof clothing: a booming market
In a factory on the outskirts of the Colombian capital Bogotá are produced some of the thinnest and most stylish bulletproof clothes in the world.…
