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Source: Pure Hospitality Costa Rica Online Travel Agency Expects Major Growth

Source: Pure Hospitality Pure Hospitality Solutions, Inc. (OTC PINK: PNOW), parent Company of the Central American-Caribbean Online Travel Agency (OTA) Oveedia, announced today, that the Company is launching an international, bi-lingual newsletter, in conjunction with the release of the next iteration of Oveedia. "Here in Costa Rica, we have a very strong following and somewhat substantial ...

accounts receivable costa rica Free Small-Business Tax Orientation Session Tomorrow

By Wendy Anders The Costa Rican Professional Accountant’s Association (CCPCR, in Spanish) will be holding a free consultation session tomorrow, Wednesday, August 31, at the Central Park in downtown San José from 9:00 a.m. - 2:00 p.m. for micro, small, and medium businesses who have tax filing questions. The actividad is called “Free Certified Public Accountant for a Day,” and is timed one mo...

PREMIO YO CREO 2016 Young Entrepreneurs Awarded for Robotics, Organic Farming, More

By Wendy Anders For the fifth year in a row the Universidad Latina (ULatina) has awarded five youth ages 18-29 for heading up projects that have a positive social impact, stated ULatina in a press statement. The Yo Creo Premio (I Believe Award) awarded five $2,500 grants on Friday to talented young people who have shown a demonstrated and measurable impact in addressing problems facing their...

Americana Sportfishing Costa Rica Sports Fishing Industry of Costa Rica: 60,000 Jobs and Counting

Source: OWC Job generation, increased tourism and healthy profits from equipment sales are the highlights of a new market research report by Technavio. Costa Rica gets a special mention within the report: The research study covers the present scenario and growth prospects of the global sports fishing equipment market for 2016-2020. To calculate the market size, the report has taken into con...

Water Shortage and Rationing in Costa Rica CR’s First Desalination Plant Opens at Reserva Conchal Hotel

By Wendy Anders  With no end in sight to Guanacaste's ongoing potable water shortages as wells throughout the region face very low levels, some businesses and also the government are turning to sea-water processing as an alternative. Last month, Reserva Conchal hotel inaugurated the first desalination plant in Costa Rica which produces 23 liters of potable water per second by processing ocea...

Wikimedia Commons Negative Outlook for Bonds of Major Private Bank in Costa Rica

Fitch Ratings-New York/San Salvador-24 August 2016: Fitch Ratings has affirmed the ratings for Banco BAC San Jose, S.A. (BAC San Jose) including the Long-Term Foreign Currency Issuer Default Rating (IDR) at 'BBB-' and Long-Term Local Currency IDR at 'BBB'. A full list of ratings follows at the end of this press release. KEY RATING DRIVERS IDRs, NATIONAL RATINGS AND SENIOR DEBT Banco BAC San...

Pixabay Commons Major Business Success for Costa Rica Free Trade Zones

Pixabay Commons More than 82 thousand direct jobs and 43 thousand indirect jobs generated, a return of $3.179 billion on incentives received (Net Country Benefit), added to a major technology transfer, incorporation of key business innovations, dynamic productive linkages that galvanize the entry of small- and medium-sized businesses to the global economy, as well as the implementation of nove...

Costa Rica Zentrum Vielen Dank! German University Opens Costa Rica Research Center`

Costa Rica Zentrum Universität Osnabrück, part of the Lower Saxony state of northwestern Germany, recently inaugurated a unique collaboration program with seven universities in Costa Rica. The Costa Rica Zentrum at Universität Osnabrück aims to promote international and intercultural academic and scholarly exchange between Costa Rica and Germany. The Costa Rica Center's research profile and...

Managua - Wikimedia Commons Costa Rica Participates in Major Regional Business Summit

Managua - Wikimedia Commons The Latin American Business Council, known as CEAL, said Thursday that the region should take advantage of its assets to achieve shared prosperity. Being well-positioned in regard to the "great megatrends" of security in food, water and energy; sustainability; and peace demonstrates that Latin America is "part of the solution and not part of the problem," the pre...

Source: Crowley New Container Shipping Service Between the U.S. and Costa Rica

Source: Crowley As part of Crowley Maritime Corporation’s goal to help customers increase the velocity of their supply chains, and in doing so reduce their overall landed costs, the company announced today that it is launching a new, weekly, fixed-day container shipping service between Jacksonville and Costa Rica. “We are pleased to bring this new service to the market beginning today from ...

Wikimedia Commons Costa Rica Ranked 45 in World’s Most Innovative Economies

Wikimedia Commons Costa Rica is the second most innovative economy in Latin America, and it is ranked  45 in the world according to the Global Innovation Index. The index gave Costa Rica a 78.5 score in political stability and safety but only 50.1 in terms of government effectiveness. Moreover, Costa Rica's ease of doing business received a score of 81. The country is ranked 64 in the world...

Unemployment Costa Rica Costa Rica’s 2nd Quarter Unemployment Remains Unchanged at 9.4%

By Wendy Anders Construction workers on the build site of Croc's Casino Resort in Jaco Beach Business leaders expressed their concerns over stagnant unemployment after 2nd quarter data was made public by the National Census and Statistics Institute (INEC, in Spanish). The INEC announced last week that 9.4 percent of the work force, or over 200,000 people, are unemployed, a figure that ha...

Costa Rican Foreign Ministry. Costa Rica and Germany Sign Agreement to End Double Taxation

By Wendy Anders Last Wednesday August 10 at Germany’s Federal Foreign Ministry Office, Costa Rica and Germany celebrated the ratification of the establishment of legal instruments as part of an agreement to eliminate double taxation of income and assets, stated Costa Rica’s Ministry of Foreign Relations in a press release Friday. The agreement aims to provide clear guidelines for both co...

Pixabay Commons Hiring Foreign Workers in Costa Rica

Establishing a business enterprise in Costa Rica is a fairly straightforward process that has considerable immigration benefits for foreigners. Many foreign investors feel empowered to expand their businesses and make them profitable once they are residents; a few of them, however, choose to ignore national labor laws and hire foreign employees without the adequate immigration permits. The lega...

EFE/File The Problem With Cheap Pay-Per-Head Services in Costa Rica

When choosing a back office and support solution for their business, one of the most important aspects that sports advisors should remember is that cheaper is never better. In fact, cheaper will often mean that a disaster is just waiting to happen. There is no doubt that the best solution for sports advisors these days can be found in Costa Rica, the country where the concept of Pay-Per-Head wa...

Source: Pixabay Commons Does Costa Rica Have the Highest Electricity Rates in the World?

Source: Sylvania One grumbling commonly expressed by North American expats residing in Costa Rica is related to their monthly electricity bills. Not only do they assert that they pay more in Costa Rica than they used to pay in Loafers Glory, North Carolina or in Dildo Harbour Newfoundland; they also assume that their new monthly bill has to be the most expensive in the world. The dubious re...

Wikimedia Commons Is Costa Rica the Most Expensive Country in the World?

Source: Wikimedia Commons A common gripe heard among North American expats and tourists in Costa Rica is their disappointment at not being able to exert their purchasing power in a Third World Country. The constant nagging about how expensive Costa Rica appears to be often results in a less-than-pleasant quality of life experience, particularly for expats on a fixed income and tourists whos...

Sprint Sprint Call Center in Costa Rica Enters International Competition

Sprint TouchPoint One, the leading provider of employee engagement and performance management solutions for contact centers, today announced the launch of the Sprint League of Champions, an Olympics themed version of its award-winning A-GAME gamification platform for contact centers and back-office operations. Sprint customer care organizations in Guatemala, Costa Rica, the Philippines and ...

Photo: BusinessWire.coim Coming to Costa Rica: Krispy Kreme Donuts

Photo: BusinessWire.com Krispy Kreme Doughnuts, Inc., today announced a development agreement with Inversiones DBA-KKD de Costa Rica, SRL (“Inversiones”) to open 10 Krispy Kreme shops in Costa Rica in the next five years. “Costa Rica’s rapid market growth and consumer demand for sweet treats makes this the perfect time for Krispy Kreme to expand in the country,” said Dan Beem, Krispy Kreme ...

Daihatsu Bego Major U.S. Car Shipping Company Expands to Costa Rica

Transporting vehicles is an essential part of worldwide logistics, and enables auto companies and individuals alike to get vehicles from point A to point B without putting thousands of miles of wear and tear on them. A-1 Auto Transport Inc. has been one of America’s most trusted suppliers of auto shipping for twenty years, and has recently increased their reach to go international. The latest t...

costa rica currency Costa Rica Lags Behind Nicaragua and Panama in Economic Growth

Source: Banco Central Latin American and Caribbean countries will show a -0.8% contraction in their growth rate in 2016, marking a steeper decline than in 2015 (-0.5%) and with very heterogeneous behavior among countries and subregions, according to a new report released today by ECLAC. Costa Rica shows moderate growth; her Central American neighbors to the north and south are expected to grow...

File photo Five Reasons Why Investing in Costa Rica is a Great Idea

File photo Of all countries in the Americas, Costa Rica is one of the most friendly to foreign investors, particularly in terms of immigration. Immigration law in Costa Rica allows foreigners to invest $200,000 so that they can obtain the benefit of residency. The investment can be in a property, lot, business, shares in a corporation, etc., and the amount can be various investments that ad...

Wikimedia Commons Mexican Concrete Used in Expansion of Main Costa Rica Highway

Wikimedia Commons CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced earlier this month that its subsidiary, CEMEX Latam Holdings, S.A. ("CLH") (BVC: CLH), participated in the expansion and improvement of a section of the Inter-American Highway, the main road in the Costa Rican highway system. CLH supplied approximately 200,000 tons of high-strength cement for this highway’s expansion, a ...

INC-Cover See Seattle’s Dan Price, the World’s Best CEO, Thursday @ ULatina

By Wendy Anders Tomorrow, Thursday July 28 at 6:00pm, CEO Dan Price of Gravity Payments in the U.S. will speak at the Universidad Latina’s auditorium in San Pedro (San José). The talk entitled “The Force of Gravity” will be given in English with simultaneous translation into Spanish; it’s free and open to the public. Price and his brother founded the financial services and credit-card pro...

Wikimedia Commons Virgin America Could Soon Fly to Costa Rica

Wikimedia Commons Virgin America Inc. today announced that the merger agreement with Alaska Air Group, Inc., the parent company of Alaska Airlines, Inc., was approved by an affirmative vote of the holders of a majority of the outstanding shares of Virgin America voting common stock. A report reflecting the complete voting results will be available on a Current Report on Form 8-K to be filed la...

Source: Pixabay Commons Costa Rica Economy Prompts Negative Outlook for ICE Bonds

Costa Rican president, Luis Guillermo Solis tours the Reventazon hydroelectric plant while still under construction in 2014. (Casa Presidencial)Fitch Ratings has affirmed Instituto Costarricense de Electricidad y Subsidiarias' (Grupo ICE) foreign- and local-currency Issuer Default Ratings (FC/LC IDRs) at 'BB+' and its National Scale ratings at 'AAA(cri)' and 'AAA(slv)'. The Rating Outlook remains...

Source:; Getinge Group New Tech Services Center in Costa Rica Offers More than 100 Jobs

Source:; Getinge GroupSan Jose, July 21st 2016. Getinge Group announced the establishment of its new Shared Services Center (SSC) in Costa Rica. The new office, located in Avenida Escazu, employs 59 associates who provide services to partners and customers in United States and Canada. The services provided are in Finance and Accounting, with the possibility of expanding into other areas such a...

Scotiabank Scotiabank Costa Rica Receives Major Unsecured Loan

Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or "the Bank"; NYSE: BLX) announced the recent closing of a US$125 million, dual tranche (2 years and 3 years), senior unsecured amortizing term loan facility in favor of Scotiabank de Costa Rica S.A. ("Scotiabank Costa Rica"), the second largest privately-owned bank in Costa Rica. Scotiabank Costa Rica is ultimately owned by the Bank o...

EFE/File Mystery of Costa Rica Rail Director’s Resignation Solved

A revolving door cabinet has been an unfortunate staple of the administration of President Luis Guillermo Solis, but the latest departure of a top-level official has shaken Costa Rica in a most unusual manner. For 26 months, Guillermo Santana did a less-than-stellar job as the director of the Rail Institute of Costa Rica. There were a few commuter train crashes, and there was also the dubious h...

Concentrix building in Pavas. Concentrix Adds 700 More Positions in Costa Rica

By Wendy Anders Concentrix is a high value business services company operating in 25 different countries and a subsidiary of the Fortune 500 Synnex corporation based in Fremont, California. The company, which is celebrating 10 years of operations in Costa Rica, is currently looking for recruitment specialists, account supervisors, quality and finance analysts, customer service representative...

Source: Microsoft Tigo Business Brings Microsoft Cloud OS Network to Costa Rica

Source: MicrosoftStockholm – July 13th, 2016 – Millicom’s Tigo Business brand and Microsoft today announce a Microsoft Cloud OS Network (COSN) partnership to deliver cloud computing benefits to businesses in the Latam region. The partnership will enable the delivery of innovative applications and cloud services to the business community in Colombia, Guatemala, Honduras, Nicaragua, El Salvador...

Sharemoney.com New Money Transfer and Remittance Service in Costa Rica

Sharemoney.com Sharemoney, Omnex Group's online money transfer service, is expanding services to include money transfers to Costa Rica. Sharemoney has been facilitating money transfers from the United States to countries all over the world for more than 25 years, and this expansion continues the goal of making it easier to send money worldwide.  Sharemoney's mission is to aid people who live i...

Wikimedia Commons Investors See Lower Expectations for Costa Rica Economy

Wikimedia Commons The latest Central America Country Risk Report by Business Monitor International is now available, and it paints as less than optimistic picture for Costa Rica. Central American outperformers Costa Rica and Panama are facing a more challenging road ahead in the coming years. As real GDP growth slows in Panama on the back of the end of canal construction, establishing fisca...

Kreston International Costa Rica Accounting Firm from Costa Rica Joins International Group

Kreston International, the global network of independent accounting firms, has announced that is has admitted Díaz & Zeledón, Costa Rica, to membership. Founded in 2001 and based in San José, Díaz & Zeledón offers the full range of audit and accounting services. Kreston CEO Jon Lisby, comments: "We are delighted to strengthen our resource in Latin America with the admittance of Díaz ...

Wikimedia Commons Mexican Dairy Giant Expands in Costa Rica

Wikimedia Commons Grupo LALA S.A.B. de C.V., a Mexican company focused on the healthy food industry, ("LALA") (BMV: LALA B) announces that it has signed a strategic agreement with the Costa Rican company Florida Bebidas, S.A. ("Florida"), for the production, distribution and sale of LALA® products in Costa Rica. This strategic agreement will provide LALA access to a platform to strengthen i...

BioNovelus Results Are in for Promising Coffee Fungicide in Costa Rica

BioNovelus BioNovelus, Inc.  is pleased to announce the results of its biodegradable fungicide, CR-10, after six months of Coffee Rust testing in Costa Rica. CoopeAgri R.L, one of the largest cooperative in Costa Rica, has released the CR-10 performance data. The results show that eco-friendly CR-10 has not only brought the coffee rust to a level of 0% in all the tested coffee plantations, ...

Convergys, Costa Rica U.S. Multinational Expands Operations in Heredia

Wikimedia Commons By Wendy Anders Convergys, the Cincinnati, Ohio-based customer and information management company, announced another expansion of operations in Costa Rica today in a press statement. After adding 500 jobs in February, the company has had another boost in their growth and will add 500 more positions at their Ultra Park site in Heredia. The Heredia Ultra Park II shared...

Marine fuel port, Caribbean. Photo courtesy of Recope. New Marine Fuel Dock Nears Completion

By Wendy Anders New Costa Rica Marine Fuel Dock Nears Completion The Costa Rican State Oil Refinery (Recope) announced the completion of 85 percent of the work on a new marine terminal for receiving petroleum at the Moín, Limón port on the Caribbean coast. Last week, the construction of the dock’s five arms was completed, said Recope. Engineer Reina Naranjo who is in charge of the proj...

Source: Echo CR Costa Rica Will Host Unique Business and Entrepreneurial Retreat

Source: Echo CR Lecturer, inspirational author and communicator Ismael Cala has confirmed his participation at ECHO (Costa Rica), an event that brings together business leaders, entrepreneurs, revolutionaries and social activists who wish to get out of their comfort zone and seek new horizons as a community. For 72 hours participants will explore their curiosity through workshops, talks and...

Wikimedia Commons Largest Private Bank in Costa Rica Gets $85 Million Loan

Banco Latinoamericano de Comercio Exterior, S.A. (“Bladex” or “the Bank”; NYSE: BLX) announced the recent closing of a US$85 million, three year, syndicated loan facility in favor of Banco BAC San José, S.A. (“BAC San José”), the largest privately-owned bank in Costa Rica. BAC San José is a subsidiary of BAC Credomatic Inc., a leading Central American banking group with operations in Costa Rica...

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