Costly Superintendencies in Costa RicaTuesday, October 23, 2012 The operations of the supervisory agencies for financial institutions, pensions companies, the stock market, and insurance market, has an annual cost of $48 million. The government of Costa Rica is trying to organize it so that the institutions regulated by these superintendents, assume a greater share of these costs, 80% of which so far are paid by the Central Bank. The Cost of Creating a Job PositionWednesday, August 7, 2013 In Guatemala you have to invest an average of $10,000 to cover the costs needed for equipment, furniture, tools, training and administration. It has been estimated that Guatemalan companies invest an average of $10,000 in the generation of one job, an amount that may vary according to the activity being carried out. Flower Growers Going Out of Business in Costa RicaMonday, February 24, 2014 Increased production costs and increased international competition have forced 71% of producers to turn to other crops. The reasons for this, explained Monica Segnini, president of the Chamber of Exporters of Costa Rica (Cadexco ) are first "the exchange rate and the appreciation of the colon over the last three years, added to which is the increase in production costs". Costa Rica: Food industry Exports Down 14%Tuesday, May 27, 2014 Foreign sales in the first four months of the year totaled $467 million, below the $543 million generated from sales abroad in the same period in 2013. The cost of electricity, changes in the exchange rate, the price of raw materials and competition from informal firms are part of the factors that explain part of the drop in foreign sales in this industry. Low Cost Airline Opens Office in San JoseWednesday, September 20, 2017 Spirit Airlines has opened a commercial office in Costa Rica, where it has been operating for the past ten years. Through an agreement with a local company, the low-cost airline will have a commercial representation office to serve customers in the country. Costa Rica Hub for Low Cost European AirlineTuesday, October 27, 2015 The owner of Ryanair and other budget airlines has announced that in 2016 it will start using the country as a base for the low-cost regional airline Viva Can. Irelandia company is the operator of Ryanair and has been operating Viva Colombia for the last three years and Viva Aerobus in Mexico for ten years. The firm led by Declan Ryan said it plans to start operations in Central America next year with Costa Rica as its base. Costa Rica: Rise in Prices of Construction MaterialsWednesday, July 30, 2014 Explosives and plastic pipes were the products which recorded the largest increases in the first half of the year, due to variations in the price of the dollar. Data from the index of materials and special construction services compiled by the National Institute of Statistics and Census (INEC) shows that "... the abrupt increases in the exchange rate of the dollar," explained the 36% increase in price up until June for Explosives and of 19.6% from March to June for plastic pipes. $70 million to Build Legislative AssemblyWednesday, January 25, 2012 The approval of a trust agreement with Banco de Costa Rica will allow the Legislature to advance construction of its new facilities. The referendum on the trust by the Controller General of the Republic has enabled construction of a new home for the Legislative Assembly and the restoration of existing buildings. Costa Rican Congress to Have New HomeWednesday, August 31, 2011 The Board of the Legislative Assembly has signed a new trust for $30 million with the BCR for the construction of a parliament building. The Board members Patricia Perez and Gloria Bejarano, told Prensa Libre that the new headquarters will be built on lots, to be expropriated, on the north side of the Plaza de la Democracia in the capital. Guatemala Looking to Adhere to China - Costa Rica FTAWednesday, April 20, 2011 The Economy Ministry will study the Free Trade Agreement between Costa and Rica and China, by request from the National Export Promotion Council (Conapex). Conapex requested the ministry to evaluate the possibility of strengthening trade ties with China through the Trade Agreement negotiated between the Asian giant and Costa Rica. These treaty allows other Central American nations to join in, nut negotiating separate terms and conditions. Growing Demand for Fixed Rate Loans in Costa RicaFriday, May 27, 2011 Interest rates fixed for 20 years being offered by banks are increasing the demand for mortgages. Four banks are currently promoting mortgage loans with fixed interest rates. Costa Rica: Learning About Finances OnlineMonday, May 30, 2011 In Costa Rica, institutions are promoting banking and financial education to increase use of services. Buying and selling shares in the markets and learning about what goes on in a bank are some of the activities that can be done online thanks to the efforts of organizations like the National Stock Exchange and the Superintendency of Securities. The Cost of Customs ProcessesWednesday, August 22, 2012 Advances made in the past two years in the Central American customs offices are still not sufficient, and related costs amount to 38% of logistics costs. The best advances have been made in customs processes relating to merchandise transported between Central American countries. "Foster Our Own" Program Finances Viable ProjectsWednesday, July 29, 2009 Costa Rica Development Banking System will finance SMEs productive projects in up to $110.000. Small and medium businesses with viable projects will be able to request financing from state owned banks "Banco Nacional", "Banco de Costa Rica", "Banco Popular" and "Banco Nacional de Costa Rica". Costa Rica: $19 Million in Social Housing ProjectThursday, February 25, 2010 Project “Condominios El Guarial” comprises 35 apartment blocks in Alajuelita, San José. The project, now being studied by Banhvi, the Home Mortgage Bank, is being carried out by Costa Rica – Canada Foundation, and will be built by “Constructora Himalaya”. |
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