Investments

Tech Giant VMware Intends to Grow in Costa Rica

Source: VMware CINDE Press Release - San José, Costa Rica. 10 December 2015. VMware, Inc. (NYSE: VMW), a global leader in cloud infrastructure and business mobility, today inaugurated its new operations center in Costa Rica. During inauguration ceremonies, the company announced its intention to continue to hire local talent and grow its presence in the local market. The inauguration of ...

The UN Will Monitor Sustainable Coffee Production in Costa Rica

Source: iCafe COSTA RICA, Dec. 9, 2015 /PRNewswire/ -- During last month's International Coffee Week (SINTERCAFE), an event that gathered more than 500 professionals of the coffee industry from around the world, Café de Costa Rica announced its commitment to becoming the world's first fully environmentally sustainable coffee-producing region. "With growing exports towards the United States,...

Kansas Seeks Beef Genetics Business in Costa Rica

Wikimedia Commons MANHATTAN, Kansas. – The Kansas Department of Agriculture is seeking individuals to participate in a beef genetics trade mission to Costa Rica on Feb. 22-26, 2016. In an effort to increase market opportunities for U.S. and Kansas beef genetics, this provides an opportunity for Kansas purebred beef cattle producers and allied industry to continue developing relationships w...

Jack Nicklaus to Design Golf Course in Costa Rica

Source: Landsvest Three investment groups in three countries are working together to come up with capital to develop an ambitious project in Costa Rica, one which will include a tournament-grade golf course designed by the legendary Jack Nicklaus. According to a recent news report filed by Terence Cullen of the Commercial Observer, New York-based investment firm Colliers International is tr...

Brazil and Costa Rica Share a Negative Economic Outlook for 2016

NEW YORK--(BUSINESS WIRE)--After a decade-long commodity super cycle, the 2016 growth outlook for Latin America remains subdued as external and domestic risks persist, says Fitch Ratings in a new special report. Against this backdrop, Fitch expects little upward sovereign rating movement in the region in 2016. To the contrary, negative rating pressures could increase if countries are unable to adj...

Mediterranean Style 4 Bedroom Home in Playas del Coco Real Estate and Retirement in Costa Rica

WEST PALM BEACH, Fla. - Dec. 2, 2015 - PRLog -- In the United States, millennials are finally starting to buy houses as rent prices soar. That means that potential retirees can also sell their homes at a fair price for the first time since the housing market dropped in 2008. However, retirees are still struggling with the fact that they do not have as much saved as they thought they would by this ...

Travel in Costa Rica: New Market Research Report

Fast Market Research Press Release - Costa Rica has a well-established tourism industry that benefits from the country's positive image as safe, peaceful and happy. The country's tourism products are diverse, with a wide variety of options for all traveler segments. While Costa Rica is known for its eco- and adventure tourism, the country is also developing its medical, holistic and educational se...

Costa Rica Colones 50,000 20,000 10,000 Bill Negative Credit Outlook for Costa Rica’s Big 3 Public Banks

NEW YORK & SAN SALVADOR, El Salvador--(BUSINESS WIRE)--Following its peer review of the Costa Rican State-owned banks, Fitch Ratings took rating actions on the following entities: --Banco Nacional de Costa Rica (BNCR); --Banco de Costa Rica (BCR); --Banco Popular y de Desarrollo Comunal (BPDC). Fitch has published Rating Action Commentaries (RACs) for each of these banks, which are...

Stable Outlook for Costa Rica Airport Bonds

Moody's Global Credit Research - New York, November 30, 2015 -- Moody's Investors Service ("Moody's") has assigned a definitive rating of Ba2 to Aeris Holdings Costa Rica S.A. de C.V.'s ("Aeris") senior notes issuance of US $127 million ("Notes"). The outlook is stable. On September 18, 2015 Moody's assigned a provisional (P) Ba2 rating based upon draft documentation. The definitive Ba2 rating is...

Costa Rica Highlighted as Prime R&D Destination

SAN JOSE, COSTA RICA--(Marketwired - Nov 27, 2015) - The Costa Rican Coalition for Development Initiatives (CINDE) held a forum on Research and Development, with the purpose of analyzing the potentialities of Costa Rica to grow investments related to this industry, as well as the challenges to assume in order to position as a globally preferred destination for such investments. The event counte...

San Jose, Costa Rica: A Competitive City for Investments

SAN JOSE, COSTA RICA--(Marketwired - Nov 23, 2015) - This morning the Costa Rican Investment Promotion Agency (CINDE) announced that San José was the breaking leader of four categories in the "The World's Most Competitive Cities 2015" ranking that analyzes the most competitive cities for investment around the globe. Costa Rica's capital led in Latin America categories like: Best hub for Lif...

Costa Rica Spends $12 Million in Air Traffic Control Upgrades

Indra Media Release - Indra has signed a contract with the Central American Corporation for Air Navigation Services (COCESNA) to renew the air traffic management systems in the San José Air Control Center and the main international airports in Costa Rica for 12 million dollars. The company will upgrade the systems in the center for the coordination of air traffic in Costa Rica and the towers th...

Get to Know Immigration Experts Costa Rica

Press Release by The Costa Rica Star – November 15, 2015 – Quality of life and stability are just two of the factors that make Costa Rica very attractive for those interested in relocation and immigration. There are various options for residency and citizenship in this Central American nation and one law firm stands ready to assist foreigners as they embark on the voyage of residing in Costa Rica'...

Standard Fruit Company of Costa Rica Receives Award

Business Wire WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Dole Food Company, Inc. announced today that its Costa Rican subsidiary Standard Fruit Company of Costa Rica S.A. received the prestigious “Social Responsibility in Action” award and was also recognized as a “Top Winner” in the Community category by the Costa Rican American Chamber of Commerce (AmCham). “Local communities would not re...

BAC San Jose is LatinFinance’s Bank of the Year in Costa Rica

Wikimedia Commons NEW YORK, NY--(Marketwired - Nov 11, 2015) - Grupo Financiero Ficohsa has been named Bank of the Year and Bank of the Year Honduras in LatinFinance's 2015 Bank of the Year Awards. In Costa Rica, LatinFinance selected BAC San Jose as Bank of the Year. The winners of this year's awards employed nimble strategies that reflected a keen market understanding, focusing on efficie...

Costa Rica Economy Alaska Plastic Surgeon Drove to Costa Rica to Hide Money

United States Department of Justice Press Release - Anchorage, Alaska - U.S. Attorney Karen L. Loeffler announced that Dr. Michael Brandner, 67, of Anchorage, Alaska, was convicted today of four counts of wire fraud and three counts of tax evasion by a federal jury sitting in Anchorage, Alaska. According to the indictment and evidence introduced at trial, shortly after his wife filed for divorce i...

From the Internet of Things to the Internet of Everything

Pixabay Public Domain By Alejandro Rincon Moreno Cancun, Mexico, Nov 3 (EFE).- The Internet of Everything has been introduced to 10 percent of the Latin American public, and - although this is a relatively low percentage - it represents a "great advance," a Cisco executive said here Tuesday. "We still don't have that massive use that we would like, but - although it's complicated to find...

Equifax Costa Rica Equifax to Add 400 New Jobs in Costa Rica

Wikimedia Commons ATLANTA, Nov. 2, 2015 /PRNewswire/ -- Equifax Inc., a multinational company in the financial services sector, the Costa Rican Investment Promotion Agency (CINDE) and the Ministry of Foreign Trade of Costa Rica, announced that Equifax Inc. will hire 400 employees in the next three years for its Shared Services Center, from which it will provide support for its operations in 19...

Costa Rica Firms Explore Nicaragua Travel and Tourism Market

LAS VEGAS, Nov. 2, 2015 /PRNewswire/ -- Pure Hospitality Solutions, Inc., (Pink Sheets: PNOW), parent company of the Central American-Caribbean online travel Agency, Oveedia (www.Oveedia.com), announced today, that those Nicaraguan hotel properties not listed on major OTAs', will now see an influx of business opportunities, with this month's opening of the Costa Esmeralda Airport. This positively ...

New Costa Rica Tourism Industry Report and Forecast

Rainforest in Costa Rica New "Costa Rica Tourism Report Q1 2016" now available at Fast Market Research. We expect positive arrivals growth of 2.4% in 2015, with strong arrivals from North America offsetting declining arrivals from Europe. However, we expect growth to moderate in the medium term, leading to lower levels of investment and development. Costa Rica's tourism market is one of th...

Outsourcing Firm to Invest $30 Million in Costa Rica

Auxis FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Auxis, a leading management consulting and outsourcing firm, providing both IT and business processing services, announced it is significantly expanding its service center in Costa Rica. Auxis will host an inaugural ceremony on Friday, October 30th, to be attended by the President of Costa Rica as well as important business, government, and communi...

Small Hotels in Costa Rica Must Embrace Tech and Marketing

Nicuesa Lodge in Costa Rica Tegucigalpa, Oct 29 (EFE; additional reporting by The Costa Rica Star).- The main challenges facing small hotels in Latin America and the Caribbean are access to technology and the global market, industry representatives said at a gathering in the Honduran capital. The event, which is sponsored by the Inter-American and Caribbean Network of Small Hotels and has t...

2015: A Great Year for Real Estate in the U.S. and Costa Rica

Beach house in Costa Rica Press Release by The Costa Rica Star - October 25, 2015 - It's that time of the year when leading international real estate companies such as RE/MAX begin to take account of their achievements, challenges and housing market figures since the beginning of the year. As it happens, 2015 has been an exciting year for RE/MAX in two key housing markets: the United States an...

The “Sportsbook-as-a-Platform” Business in Costa Rica

Press Release by The Costa Rica Star – October 25th - The market size of the global online gambling and wagering industry is estimated to surpass $41 billion in 2015; this is a statistic that reflects more than a decade of year-over-year growth, and Costa Rica has been a significant contributor in this regard. In Costa Rica, the history of Internet casinos and sportsbooks dates back to the late...

Write an Essay to Win a Legendary Beach Bar in Costa Rica

Outback Jack's Costa Rica Puerto Viejo de Talamanca, Costa Rica, October 23, 2015 (Newswire) - ​​In Puerto Viejo de Talamanca, Costa Rica, Penny and Jack Williams, the owners of Outback Jack's Beach Bar N Grill, are finally retiring to write their books. Rather than selling their internationally known restaurant, they thought it would be a lot more fun to run an essay contest for someone to wi...

Credit Rating of Costa Rica is the Worst in Central America

Fitch Ratings-New York-22 October 2015: External tailwinds are unlikely to lead to a significant uplift in Central America's creditworthiness, says Fitch Ratings in a new special report. While external finances and inflation across the region have benefited from the U.S. recovery and lower oil prices, the outlook for growth, public finances and structural issues is more mixed. Nonetheless, the new...

U.S. Company Awarded $35 Million RDAP Contract in Costa Rica

CHANTILLY, Va., Oct. 21, 2015 /PRNewswire/ -- Engility Holdings, Inc. (NYSE: EGL), today announced the United States Agency for International Development (USAID) has awarded the company a five-year contract with a potential value of  $35 million to provide technical and administrative support to the Latin America and Caribbean (LAC) Regional Office of USAID's Office of Foreign Disaster Assistance ...

Major Growth of Auto Tire Market Expected in Costa Rica by 2020

Source: Flickr Commons TechSci Research Press Release -- Burnaby, British Columbia - According to TechSci Research report, “Costa Rica Tyre Market Forecast & Opportunities, 2020”, the tyre market in Costa Rica is forecast to grow during 2015-20, on account of expanding vehicle fleet and upcoming government reforms to boost growth in construction and transportation sector. Bridgestone Tyre ...

CEO of Costa Rica Tech Firm to Lead Miami Outsourcing Week

Ft. Lauderdale, FL (PRWEB) October 20, 2015 -- Auxis, a leading provider of management consulting and back office outsourcing services, announced today that Raul Vega, its Founder and CEO, will serve as Chairperson for the upcoming Shared Services & Outsourcing Week, October 26-28 in Miami. “SSOW LatAm is a major event in this space, and I’m looking forward to helping attendees, clients and...

Expotur Costa Rica 2014 Costa Rica Tourism Officials Meet 400 Business Partners in a Year

Photo of a previous Expotur conference in Costa Rica ICT Press Release - September marked the beginning of international tourism fairs, which have become a showcase for the promotion of Costa Rica around the world. This year alone, the Costa Rican Tourism Board (Spanish initials: ICT) along with other tourism companies, participated in 14 meetings held in the main tourism source markets for Co...

Limon Costa RIca Major Upgrades Planned for Caribbean Shipping Port in Costa Rica

Conceptual drawing by APM Terminals APM Terminals Press Release. Moin, Costa Rica – APM Terminals Moin has announced a number of port project updates enabling Costa Rica’s future economic growth needs through a safe, world-class, high-productivity and environmentally-sustainable container terminal designed to serve the larger vessels entering the Latin American trades, and in particular, the t...

Costa Rica Economy China’s Indecision Could Lead to Higher US Dollar in Costa Rica

A last-ditch effort by the government of Costa Rica to control the pesky deficit may not work as intended and may also force the appreciation of the United States dollar (USD) against the local currency. The administration of President Luis Guillermo Solis recently pitched an investment idea to the government of the People's Republic of China (PRC). The idea consisted of a bond package speciall...

Costa Rica-Based Tech Firm Travels to Dubai for Major Conference

Houston, TEXAS (PRWEB) October 15, 2015 -- Element Blue™, an end-to-end provider of technology hardware, software and services to advance energy and utilities, healthcare, transportation, public sector, and manufacturing industries will be attending the 35th Annual GITEX Technology Week Conference in Dubai, UAE. GITEX, the third largest technology event in the world, has grown to be one of the mos...

Starbucks Plans 15 More Locations in Costa Rica

From 2016 to 2020, retail coffee giant Starbucks plans to open 15 more cafes in Costa Rica, a business move that will generate more than 300 jobs. Such was the statement made by Monica Bianchini, general manager of Starbucks in Costa Rica, as she inaugurated the 8th location in our country. According to a news report filed by Marvin Barquero for national newspaper La Nacion, Ms. Bianchini expla...

Scotiabank is Still a Great Place to Work in Costa Rica

TORONTO, ON--(Marketwired - October 13, 2015) - For the second year in a row, Scotiabank is the only Canadian-based company named on the "World's Best Multinational Workplaces" list by the Great Place to Work® Institute. Companies are chosen for the World's Best Multinational Workplaces list predominantly based on data gathered from employee surveys and direct comments from employees. As in ...

You Will Soon be Allowed to Purchase Citizenship in St. Lucia

Pixabay Commons San Juan, Oct 13 (EFE).- Saint Lucia's citizenship-by-investment program will commence accepting applications in January 2016 in the hopes of improving the economy, the government said Tuesday. Prime Minister Kenny Anthony said in a statement that although he wanted to defend and protect the country's citizenship, it was time to look for other approaches to deal with challen...

New Real Estate Marketing Tool in Costa Rica

Beach house in Costa Rica Santa Clara, CA (PRWEB) October 12, 2015 -- Proxio, Inc., provider of the world’s most powerful digital marketing and collaboration solutions for the global real estate industry, today announced a number of new clients across the US, Mexico, Caribbean, Central and South America who are leveraging the reach and efficiency of Proxio’s platform. “The response to our n...

US Forces Honduras to Shut Down Large Bank for Money Laundering

Tegucigalpa, Oct 11 (EFE).- The National Banks and Securities Commission, or CNBS, of Honduras ordered the "forced liquidation" of Banco Continental, which stands accused by the United States of money laundering and supporting drug trafficking, the Honduran bank announced on the weekend after proposing to regulatory authorities that it be allowed to "voluntarily liquidate" instead. The decision...

Iconic US Motorcycle Brand Indian Goes Electric in Brazil

Source: Indian Sao Paulo, Oct 8 (EFE).- Domestically manufactured electric motorcycles and the arrival in Brazil of U.S. brand Indian highlighted the opening day of the Two Wheels Trade Show in Sao Paulo, South America's biggest motor-bike event. The first day of the biennial fair was highlighted by new scooter designs and features, iconic American motorcycle brand Indian's entry into the B...

New Report Available on the Insurance Market of Costa Rica

DUBLIN--(BUSINESS WIRE) -- Research and Markets has announced the addition of the "Governance, Risk and Compliance - The Costa Rican Insurance Industry" report to their offering. The 'Governance, Risk and Compliance - The Costa Rican Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Costa Rica. It provides detailed analysis of the insur...