Tight Credit May Result In Massive LayoffsThe business sector is warning that the Costa Rica could enter a crisis of massive layoffs if they cannot finance their activities.Tuesday, October 28, 2008
The warning is based on the scarcity of credit both from the public and private banks, which is causing many companies not to have sufficient financial resources to continue operations or expand. Source: InsideCostaRica.com ¿Busca soluciones de inteligencia comercial para su empresa?Further Reforms for Credit FlexibilityApril 2009 CONASSIF (National Council for Financial System Supervision) of Costa Rica tempered several risk indicators that would allow banks to offer better repayment terms to their customers. Return of Goods Purchased on Credit Increases by 77%March 2009 The Superintendent of Financial Institutions of Costa Rica reported that the repossession of property for unpaid debts rose 77% from February 2008 to February 2009. Costa Rica: Late Payments Growing in Tourism and Real EstateMarch 2009 In January, 2009, 15% of the payments in real estate and tourism loans were late, more than double the amount in August, 2008. Tight Credit May Result In Massive LayoffsOctober 2008 The business sector is warning that the Costa Rica could enter a crisis of massive layoffs if they cannot finance their activities.
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