Business
DHL University Will Return to Costa Rica This Year
MIAMI--(BUSINESS WIRE)--DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post DHL Group, announces it is teaming up with industry experts for the eighth consecutive year on its DHL University program. The program, which included the participation of more than 310 customers in 2014, is designed to engage logistics professionals in academic discussions and provide industry...
Praxair Costa Rica Receives Social Responsibility Award
Praxair DANBURY, Conn. & MEXICO CITY--(BUSINESS WIRE) -- Praxair Mexico and Praxair Costa Rica, subsidiaries of Praxair, Inc. (NYSE: PX), were each recognized as a socially responsible business by the Mexican Center for Philanthropy (CEMEFI) and the Alliance for Corporate Social Responsibility (AliaRSE). Praxair received the awards at the eighth annual Summit of Socially Responsible Compan...
Boston Scientific Facility in Costa Rica Earns Award
COYOL, Costa Rica (May 6, 2015) – For the second year in a row, Boston Scientific Corporation (NYSE: BSX) has received a Shingo award from the prestigious Shingo Institute, part of the Jon R. Huntsman School of Business at Utah State University. The company’s facility located at Coyol, in the Alajuela province of Costa Rica, has earned the Shingo Bronze Medallion for successfully delivering on s...
Scotiabank is a Great Place to Work in Costa Rica
TORONTO, ON--(Marketwired - May 05, 2015) - Scotiabank has been recognized as one of Canada's Top Employers for Young People by Mediacorp Canada Inc. Previously, the Great Place to Work® Institute also recognized Scotiabank as a great workplace in Costa Rica. "We are honoured to be recognized as one of the country's Top Employers for Young People," said Barbara Mason, Scotiabank's Chief Human R...
Fascinating: Neuroscience Leads to Cheaper Advertising
Flickr Commons Sao Paulo, May 4 (EFE).- The use of concepts and experiences from neuroscience is one tool that "optimizes" advertising campaigns resulting in reduced costs and production time, Spanish expert Manuel Garcia said Monday. "Our brains determine our behavior, so the science of the brain helps explain all human behaviors," Garcia, the director of Neuroscience for Nielsen in the Un...
Why Machine Translation is Not Good For Business in Costa Rica
Source: Verbal.ink In early 2015, Google released a significant upgrade of its Translate application. No longer content to offer translations of written text, the upgraded app now includes a visual translator and an audio translation function. Machine translation, particularly in the English – Spanish and Spanish – English language pairs, is often utilized by business owners in Costa Rica, ...
Costa Rica and Jamaica Agree to Increase Trade and Commerce
Wikimedia Commons JAMPRO/Go-Jamaica -- Minister of Industry, Investment and Commerce, the Honourable G. Anthony Hylton and Costa Rica’s Minister of Foreign Trade, Alexander Mora signed an agreement last week in Costa Rica to cement a trading partnership between both nations. The Jamaican and Costa Rican governments seek to take advantage of the countries’ close locations, improve their exis...
Denied: Merger Between Tigo and Telecable in Costa Rica
STOCKHOLM--(BUSINESS WIRE)--Millicom (NASDAQ:MICC) (STO:MIC), today issued the following statement regarding the status of its proposed merger with Telecable Costa Rica which was announced in December 2014. Millicom, trading as Tigo in Costa Rica, has confirmed that its petition to merge with TeleCable Económico TVE, S.A has not been sanctioned by regulators Superintendencia de Telecomunicacion...
Costa Rica, the OECD and FATCA: What You Should Know
Source: Flickr CC Now that Costa Rica has been formally invited to go through the process of becoming a candidate nation worthy of joining the Organization for Economic Cooperation and Development (OECD), financial advisors and legal professionals are starting to ponder how their clients will be impacted by this new chapter in our country's fiscal history. For Costa Rica, membership in the ...
Legal Action Against US Firm of CEO Who Lived in Costa Rica
RADNOR, Pa., April 28, 2015 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP announces that a shareholder class action has been filed against ForceField Energy, Inc. (Nasdaq: FNRG) ("ForceField" or the "Company") on behalf of purchasers of the Company's common stock between September 16, 2013 and April 15, 2015, inclusive (the "Class Period"). For additional information ab...
Italian Coffee Giant Acquires Major Roaster in Costa Rica
Massimo Zanetti Beverage Group (MZB Group), one of the main Groups in the global coffee market, thanks to international labels such as Segafredo Zanetti, Chock full o'Nuts, Kauai, Hill Bros (USA), and Meira (Finland), announced today its acquisition in Costa Rica of an entire business division from CECA S.A, a subsidiary of the German Neumann Kaffee Gruppe. Starting in April, MZB will take cont...
A Weight Loss Industry Flourishes in Costa Rica
Source: Wikimedia Commons It is not a secret that people in Costa Rica (colloquially known as Ticos) are gaining weight at a gradual and steady pace, which is due in great part to the adoption of sedentary habits, the increase of car culture and the proliferation of fast-food outlets. To this effect, a veritable industry centered on weight loss and fitness is beginning to emerge, and some busi...
Costa Rica Hosted International Advertising Industry Awards Event
Source: The ANDYs NEW YORK, April 23, 2015 /PRNewswire/ -- The 2015 International ANDY Awards have announced this year's winners in recognition of their creativity and bravery. The ANDY Awards gives its most prestigious honor, The GRANDY, to the agency that defines what it takes to be a bold leader without limitations. This year's GRANDY has been awarded to Marcel for the Inglorious Fruits and...
Dental Clinic in Costa Rica Earns Important Accreditation
CHICAGO, IL--(Marketwired - April 23, 2015) - More than 50 facilities have demonstrated their commitment to patient safety by gaining accreditation from the American Association for Accreditation of Ambulatory Surgery Facilities (AAAASF). AAAASF is celebrating its 35th year of promoting the highest quality patient safety in the ambulatory (office-based or outpatient) surgery setting. AAAASF req...
US Stock Fraud Suspect Arrested on His Way to Costa Rica
Source: Wikimedia Commons (US Justice Dept. Press Release) – Richard St. Julien, the Executive Chairman of the Board of Directors of ForceField Energy Inc. (ForceField), a publicly traded company whose common stock was listed on the NASDAQ under the ticker symbol FNRG, was arrested late Friday evening on charges of securities fraud conspiracy. The arrest occurred as St. Julien was preparing to...
Invasion of the Low-Cost Airlines in Costa Rica
Source: SWAmedia.com The two major international airports in Costa Rica are seeing a greater influx of passengers who arrive and depart aboard low-cost airlines. According to a report filed by Oscar Rodriguez of national newspaper La Nacion, 13 percent of the 4.4 million passengers at the Juan Santamaria and Daniel Oduber Quiros international airports flew aboard budget air carriers. Data c...
Medical Marijuana: $9 Million Potential Revenue for Costa Rica
The medical use of marijuana by the public healthcare system of Costa Rica, known as La Caja, could generate $9 million in revenue, a figure that would be equivalent to 0.2 percent of the nation's gross domestic product (GDP). Such is a legislative proposal that was presented last year by lawmaker Marvin Atencio, who represents the ruling Citizens' Action political party (Spanish initials: PAC). ...
Vegetable Gardening Startup Inspired by Trip to Costa Rica
Source: OneSeed Newswise — Stella Liu wanted to solve a problem. She knew that her peers were passionate about local organic food and curious about growing their own fruits and vegetables. But many of them had no gardening experience, lived in apartments or were intimidated by massive home improvement stores, with their endless options for soil, fertilizer and tools. That’s where OneSeed co...
The Looming Economic Crisis in Latin America
By Alfonso Fernandez. Washington, Apr 15 (EFE).- The World Bank said Wednesday that the economic slowdown in Latin America could become "permanent" if structural reforms are not made to adapt the growth model to an international scenario in which China will also slow down economically and the prices of raw materials will remain at low levels. "In the absence of growth-friendly structural ref...
Farms Near the Turrialba Volcano Receive Private Investments
Source: OVSICORI PRLog - April 2, 2015 - SAN JOSE, Costa Rica – A few weeks ago, specifically during the 12 and 13 March 2015 weekend, the Turrialba Volcano in Costa Rica showed significant activity, putting on alert not only the people in surrounding towns but even people in cities as far as Heredia and San José due to high concentration of volcanic ashes flowing far and wide. What worries pe...
Video Streaming Firm Chooses Costa Rica Imagery
Wikimedia Commons SAN JOSE, CA--(Marketwired - April 13, 2015) - Harmonic (NASDAQ: HLIT), the worldwide leader in video delivery infrastructure, today announced the launch of its Harmonic Video Network (HVN), an OTT video streaming service available at www.hvn.tv. Designed to provide video engineers with a valuable source of information related to video delivery infrastructure, the HVN-1 chann...
Ecolab in Costa Rica Kicks Off Water Conservation Program
ST. PAUL, Minn.--(BUSINESS WIRE)--Ecolab Inc., the global leader in water, hygiene and energy technologies and services, has launched its Clean and Conserve Education Program to educate students about the importance of water conservation and hygiene. Developed in partnership with the Project WET Foundation, a nonprofit water resources education organization, the interactive curriculum is expected ...
Travel Booking Platform from Costa Rica Achieves Milestone
CANATUR logo. Source: Pure Hospitality Solutions LAS VEGAS, April 8, 2015 /PRNewswire/ -- Pure Hospitality Solutions, Inc., (OTC: PNOW) announced today, that Pure Hospitality Solutions has joined the National Tourism Center of Costa Rica – giving the Company an immediate opportunity to rapidly deploy, market and expand the reach of Oveedia throughout the country, to ultimately 6,000 properties...
Historical Aviation Business Deal for Central America
Panama City, Apr 10 (EFE).- U.S. President Barack Obama and Panamanian counterpart Juan Carlos Varela were on hand for a ceremony here Friday in which Panama's Copa Airlines and Chicago-based plane maker Boeing finalized an order for 61 jets. The $6.6 billion deal for 61 Boeing 737 MAX 8 and MAX 9 airplanes was signed ahead of the inauguration of the April 10-11 Summit of the Americas in this c...
Starbucks Coffee Research in Costa Rica Goes Global
SEATTLE--(BUSINESS WIRE)--Starbucks Coffee Company (NASDAQ:SBUX) today announced critical advancements in research and transparency benefiting the entire specialty coffee industry as part of the evolution of its comprehensive ethical sourcing program and support of the sustainability of the specialty coffee industry. The company will make a decade of agronomy research available for commercializati...
Global Tech Giant Akamai Expands Operations in Costa Rica
San Jose, March 31, 2015 (CINDE). The services sector company, Akamai, plans to expand its operations in Costa Rica in the coming months due to the Costa Rican human talent and the quality of exported services. The company dedicated to improving the speed and safety with which people access Internet services, plans to increase its payroll by 60 new positions by 2016 and will expand its current off...
Happy Employees = Business Success in Costa Rica
Prosoft Nearshore employees in San Jose (PRLEAP.COM) April 2, 2015 - IT outsourcing and software development firm Prosoft Nearshore is emphasizing the importance of employee retention and satisfaction to distinguish itself in the software outsourcing market. With 6 successful years working as a Costa Rica software development firm, Prosoft Nearshore is widely recognized for providing expert so...
Atlanta-Based CRM Software Firm Travels to Costa Rica
Source: Salesnet Duluth, GA (PRWEB) March 31, 2015 - Salesnet, a customer relationship management (CRM) software company, reports business expansion leveraging new language customization capabilities and local resources. With a strategic partner now located in Costa Rica, Salesnet is expanding their full CRM software and services operations into additional international markets. This initia...
DoubleTree Hilton Hotel in Costa Rica Earns Awards
DoubleTree Hilton Costa Rica MCLEAN, Va.--(BUSINESS WIRE) --DoubleTree by Hilton, the Hilton Worldwide upscale full-service hotel brand with more than 400 locations globally, recently announced its top performing properties of 2014. “We believe that the little things mean everything and add to the guest experience at DoubleTree by Hilton, and we’re proud to present our hotels and team membe...
Despite Exorbitant Interest Rates, Credit Cards Rule Costa Rica
Credit: Sean MacEntee, Flickr Commons The real cost of borrowing money with credit cards in Costa Rica runs about 40 to 50 percent for the majority of cardholders. Despite the seemingly usurious interest rates, the use of credit cards in our country, which is besieged by rising inflation and looming unemployment, has grown about 7.3 percent since last year. According to a news report filed ...
Near Shore Development Center Opens in Costa Rica
Carvechi Tech MIAMI, Mar. 26, 2015 (GLOBE NEWSWIRE) -- Carvechi Technology (CT) is a premier minority owned systems integrator and solutions provider servicing private and government based customers throughout the Americas. CT specializes in Near Shore software development, Enterprise Networking Solutions from Cisco, IBM and Extreme Networks. Positioned as a global systems integration provider...
Beans Tested in Costa Rica Could Thrive Despite Global Warming
Roxy M Jones - Pixabay Commons ADDIS ABABA, ETHIOPIA (25 MARCH 2015) EUREKALERT--Amidst fears that global warming could zap a vital source of protein that has sustained humans for centuries, bean breeders with the CGIAR global agriculture research partnership announced today the discovery of 30 new types, or lines as plant breeders refer to them, of "heat-beater" beans that could keep producti...
Burgeoning Industry in Costa Rica: Fine Cigars
Wikimedia Commons Pressbox UK - While it seems that so much of the premium cigar industry is turning to Nicaragua for its tobacco, Philip Wynne, owner of the Felipe Gregorio cigar brand, is looking to Costa Rica. He's contracted 80 acres of land in Costa Rica to grow tobacco, built a factory and reblended three of his brands with nothing but Costa Rican leaf. It isn't a leap of faith nor me...
A High-Speed Ferry Service from the Florida Keys to Cuba?
Miami, Mar 20 (EFE).- The South Florida ferry company CubaKat is planning to start very soon operating trips by sea to Cuba from Marathon in the Florida Keys, the company said Friday. "CubaKat's goal is to offer our ferry service, from the Florida Keys to ports within Cuba, some time in 2015. Currently, we're working with officials from both countries to make this venture a reality," the compan...
A Great Time for the Wedding Travel Industry in Costa Rica
Romantic getaways, weddings and honeymoons are specialty activities that tourism operators in Costa Rica have learned to master in the last few decades. As a result, our country currently enjoys a great reputation as the main destination for new couples in Latin America. In this press release, you can learn about a Costa Rica beach hotel and restaurant that is preparing to hold a record number of ...
Costa Rica Intends to Remain an Expensive Vacation Destination
A luxury villa in Costa Rica Tourism industry leaders in Costa Rica have come to accept the following reality: The high costs of operating a business in our country leave no choice but to attract visitors who can afford expensive vacations. In other words, Costa Rica will now be known as a destination for travelers who enjoy generous levels of disposable income. Such is the gist of a report re...
The Luxury-Wellness Vacation Segment Grows in Costa Rica
Source: The Retreat Costa Rica The fastest-growing specialty segment of the tourism industry in Costa Rica focuses on combining luxury with sustainability and holistic wellness. Celebrity nutritionist Diana Stobo is one of the latest business persons who are venturing into this burgeoning segment. Here's the official press release on the retreat created by Ms. Stobo. ATENAS, Costa Rica, Mar...
New International Ice Cream Franchise in Costa Rica
Source: Sub Zero Jaco, Costa Rica (PRWEB) March 03, 2015 - Bernard Trade Group is proud to announce that Sub Zero Ice Cream and Yogurt has leased a location in the New City Mall in Alajuela, Costa Rica. City Mall is on track to open in November 2015 and is located next to the Juan Santamaria International Airport. City Mall will be the largest shopping center in Costa Rica ever built in a sing...
January and February Economic Report for Costa Rica
The Economist Intelligence Unit recently released a new Country Report for Costa Rica. This new report, which is available in electronic format through Research and Markets, covers economic activity for the months of January and February 2015. As expected, the highlight of the report is the ongoing inflation, which has been increasing at a very fast clip during the administration of President Luis...
Emerging Business: Plastic Surgery Tourism in Costa Rica
Source: Flickr Commons MUMBAI, March 11, 2015 /PRNewswire/ -- Global Cosmetic Surgery & Services Market Analysis 2015-2019 is the latest analysis on this vertically growing market. It is currently worth over $20 billion and is set to rise to over $27 billion by 2019. This comprehensive report is supported by 60 tables & figures over 275 pages and is presented as follows: Global mark...




