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¿Você fala português?

Categories: Business, Costa Rica
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Published on: 2013/03/05

Empleador: ¿Você fala português? – El Financiero.

Según datos de Cinde, el portugués se ubica como tercero en las transacciones de servicios que se hacen en el país, después del inglés y el español.

La demanda del portugués por parte de las empresas creció un 10% en el último año en el país, según datos de la firma Deloitte, y el aumento de la matrícula en los centros de idiomas pasó del 20% el año pasado, al 60% este año.

Este panorama ha hecho que empresas multinacionales que operan en Costa Rica como Procter & Gamble, HP, Intel, IBM y Western Union, pongan la mira en ese idioma.

“Antes se pedía un segundo idioma y era el inglés, ahora el inglés es una obligación y el tercer idioma es el portugués”, dijo Paula Leñero, gerente de consultoría de Deloitte.

La búsqueda de empleados con buen manejo de este idioma va desde altos cargos gerenciales y administrativos, hasta puestos de servicio y atención al cliente.

Miguel López, gerente general de Amrop Costa Rica, empresa dedicada a reclutar personal de elevado perfil, dijo que para altos puestos ejecutivos buscan gente que lo hable, pero también que lo escriba bien.



Here’s Your Source For Cayman Island Fishing!

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Published on: 2013/02/22


Are you wondering where to find the best spot for bonefish in the Caymans?  Are you interested to try your skill at flyfishing?

Be sure to check the Cayman Island Angler Club; they are the source for your fishing adventures!

Cayman Island Angling Club is a member of the International Game Fish Association and the Billfish Foundation.  Be sure to check their site since many tournaments listed.

ArrowCat Offers Something For Everyone At The Miami Boat Show!

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Published on: 2013/02/14

ArrowCat of Everett WA offers the latest advancements in boating.

Designed by internationally acclaimed Roger Hill, these off shore power catamarans have economy, safety, comfort and speed.

The mulltpurpose layout of an ArrowCat allows for comfortable overnight cruising, serious fishing adventures, diving, even entertaining with family and friends.

Take your family and friends out for a cruise on any one of the 3 models and you will be sure to enjoy generous and pleasant accommodations.  But don’t let the cozy atmosphere fool you.  ArrowCats are serious fishing boats “disguised as a comfortable power catamaran.”

Featured at the Miami Boat Show this year is the ArrowCat 32 Express!

The 32 Express is popular for families, fisherman and divers all year round.  The helm and salon is fully enclosed offering protection from any kind of weather Mother Nature may offer.  The large open aft-deck configuration has extended seating, huge lockers for fish boxes and storage.

The ArrowCat 32 is a great for families.  Come see for yourself!


ArrowCat 32 Express is on display at the Miami Boat Show


If you are looking for more space, the ArrowCat 42 has it all.

The roomy interior and comfortable sleeping is perfect for family cruising.  The aft deck can be configured for your needs and activities .  It provides lots of space for entertaining and dining.

Sleep in comfort in the 2 or 3 stateroom designs which can be taylored to your specifications.

This ArrowCat is tough for your offshore adventures and performs like a champ in deep and shallow draft water.


ArrowCat 42 Flybridge

Be sure to stop to see ArrowCat and Mar y Sol! 

Our staff is multilingual and can assist you pick your the ArrowCat of your dreams!

You will find them outside at the Miami Boat Show Convention Center Booth 3381

Twin Vee Shines At The Miami Boat Show!

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Published on: 2013/02/14

Planning a trip to the Miami Boat Show?  Make sure you visit Twin Vee this year!

In the marina this weekend are 3 of Twin Vee’s premier catamarans on display: 26 ft, 35 ft hydrofoil and the 36 ft Designer Edition!  

  • The 36 ft Designer Edition center console Ocean Cat has a NEW huge designer console and a side door access for optional marine heads, a  NEW walk through transom and additional splash guard on the bow.  Additional features:
    • The instrument console tilts down with easy access to the wiring 
    • Ships batteries mounted under the helm 
    • Two live wells.  
    • 6 rod holders
    • Much more 
    • This is a must see boat!
36 002
Twin Vee 36 ft Designer Edition
36int 002
36 ft Designer Edition features a huge console


Twin Vee at the world headquarters in Fort Pierce build a safe, reliable and quality boat at an affordable price.  Using only the highest standards and quality materials, the craftsman take pride and care to produce a superior product.  You can be assured of a comfortable ride and great performance.

Twin Vee is trusted by customers year in and out.

Come see for yourself at the Miami Boat Show.  Stop by the Marina at Booths 414, 416, 418.  

Luxury Cruises into CartagenaPort of Cartagena, Attracting Luxury Boats

Read more at:

Puerto de Cartagena, en la ruta de barcos de lujo | Corporación de Turismo de Cartagena | El Universal – Cartagena.

The Paul Gauguin cruise line included Cartagena in the route of the luxury ship Tere Moana, confirming the importance the walled city is gaining as an international tourist destination.

On Sunday, a total of five vessels from distinguished companies visited the city; the foray into the cruise market has become one of the main achievements of the Port of Cartagena, which seeks to capture the attention of renowned international lines .

The city government interprets this move as very important, entrenching Cartagena as major tourist destination in the Caribbean will boost the national tourism sector, with the corresponding benefits to the transportation, trade and gastronomy sectors.


The Tere Moana, left the island of St. Martin in the Caribbean, then from Cartagena will cross the Panama Canal and sail to the island of Coiba, Panama, and then to Marenco, in Costa Rica, and Puerto Caldera in Costa Rica.

Paul Gauguin Cruises is a specialized line of cruises to exotic destinations with warm weather and delivers services to customers that even the larger ships can not offer.  In fact, the maximum capacity of the Tere Moana, which was recently renovated, is only 90 people.

The other four boats that arrived over the weekend to Cartagena were: Seven Seas Mariner, a ship with 700 people with luxury features and marble European style tubs, gyms and jogging track, Coral Princess, Island Princess and The World, known for feeling like home with gyms and personal trainers, tennis courts, golf courses and luxury jewelers who travel the world, as they own several passenger cabins.

The Port of Cartagena expects 192 cruises in the 2013 season, not counting the first landfalls of the following ships: Wind Star, Disney Wonder, MS Columbus 2, Artania and Tere Moana.

New Megaport in Cartagena will be a Duty Free ZonePort of Cartagena Sets Records & Gets $45,000,000 Investment

From Colombian news sources (see references below)

Record Year for Container Movement

Containers in Cartagena

The Port of Cartagena reached a record of 2,018,389 containers moved at the end of 2012, positioning the port as the first in the country to achieve such progress.

The forecast for 2012 predicted  two million containers compared to 1,672,041 recorded at the end of 2011. This figure places Cartagena in the select group of the most important ports in the world and shows, once again, the country’s dedication to  international trade.

The expansion of the Panama Canal, expected to be ready in the first half of 2015, will allow 8.4 million containers to pass through each year, compared to 6.5 million presently.  The Port of Cartagena is one of the beneficiaries, and will be useful in  consolidating its position as the primary global hub for the Caribbean.

$45M investment

Area being prepared for new logistics center

The Chilean firm “Compas” announced a $45 million (USD) investment into the port of Cartagena for a new Logistics Center.

The partners in this project purchased a lot of 41 acres, on the new road that goes towards Barú, which will be used to develop a comprehensive logistics center.  Among other services, it will feature warehouses and a distribution depot,  areas for consolidating and deconsolidation; a yard for full and empty containers, storage area for wheeled vehicles and general cargo as well as extensive areas for installation of new industries related to foreign trade.

Capabilities of the Port of Cartagena and the 70 miles of Canal

one of the cargo cranes in Cartagena

The Port of Cartagena currently has the infrastructure and efficiency to meet up to 5,500 TEUs.  The port is a true logistics center linking the Caribbean to the world, through connections with more than 432 ports in 114 countries.

The 115 kilometers of the navigable Canal Dique, offers enormous potential to mobilize goods in cargo ships.  Furthermore, the possibility of higher amounts freight discount means that logistics costs are between 30% and 38% lower than terrestrial transport.

Those that use this waterway now have satellite navigation assistance, ensuring mobility 24 hours a day.  Therefore, cargo transport through the Canal is feasible, safe and profitable, with positive economic, social and environmental effects.

Read more at:

Guacalito$250,000,000 (USD) Resort Opens Phase I in Nicaragua

Read more:  Pellas inaugura Guacalito de la Isla · El Nuevo Diario.

With a total investment of U.S. $ 250 million, Carlos Pellas, opened the luxury resort Guacalito Island, the first stage features a golf course with 18 holes, a boutique hotel and villas and cottages, in the idyllic town of Tola, Rivas near San Juan del Sur, on the Pacific Coast of Nicaragua.

Guacalito de la Isla
Beachside in Nicaragua

The first phase of the emblematic Guacalito Island, is located on the Emerald Coast of the Pacific, seeks to position Nicaragua as a premier tourist destination, opened 13 January 2013 in the presence of regional entrepreneurs invited by Carlos Pellas, who described the project as the legacy that the country intends to inherit.

With an estimated total of $ 250 million (USD), the first phase includes the boutique hotel Mukul, which has 39 rooms, 16 beach villas and 23 mountain huts, built on 1,600 acres (about 650 hectares), with an investment of U.S. $ 150 million.

My vision is that in 15, 20 years, we see this as the spark that made Nicaragua a tourist destination,” said Carlos Pellas, Pellas group leader.

Built with eco-friendly materials and the use of water catchment areas of rain, the resort is between and surrounded by more than 1,500 trees, some of which were transplanted  A 150-year guanacaste, erected at the entrance of the complex, represents the effort for the care of the environment.



GuacalitoNuevo Hotel, Cabañas, Villas y Cancha de Golf en Nicaragua

Lea más:  Pellas inaugura Guacalito de la Isla · El Nuevo Diario.

13 enero 2013

Pellas inaugura Guacalito de la Isla

Con una inversión total de US$250 millones, Carlos Pellas, líder del grupo Pellas, inauguró el resort de lujo Guacalito de la Isla, que en una primera etapa ofrece un campo de golf de 18 hoyos, un hotel boutique, así como villas y cabañas, en el paradisíaco municipio de Tola, Rivas, cerca de San Juan del Sur.


La primera fase del emblemático proyecto eco-turístico Guacalito de la Isla, ubicado en la Costa Esmeralda del Pacífico, en el municipio de Tola, Rivas, y que busca posicionar a Nicaragua como un destino turístico de primer nivel, fue inaugurado anoche en presencia de empresarios de la región invitados por Carlos Pellas, quien calificó dicho proyecto como el legado que pretende heredar al país.

Con una estimación total de US$250 millones, la primera etapa contempla el hotel-boutique Mukul, que cuenta con 39 estancias, 16 villas de playa y 23 cabañas de montaña, edificadas en 1,600 acres (casi 650 hectáreas), con una inversión de US$150 millones.

“Mi visión es que dentro de 15, 20 años, veamos esto como la chispa que despertó a Nicaragua como destino turístico”, expresó Carlos Pellas, líder del grupo Pellas.

Construido con materiales eco-amigables y con el uso de zonas de captación de agua de lluvia, el resort está entre y rodeado por más de 1,500 árboles, algunos de gran tamaño que fueron transplantados. Un guanacaste de 150 años, erigido en la entrada del complejo, representa el esfuerzo por el cuido del medio ambiente.




A New Beachfront Retreat is Rising on Nicaragua’s Pacific Coast

Read more:  A New Isla Mariana Beachfront Retreat is Rising on Nicaragua’s Pacific Coast.

Isla Mariana Beachfront Retreat Nicaragua Blog

Grupo Mariana owns clear title to 1.5 kilometers of beach frontage on the Pacific Coast of Nicaragua, 89 kilometers northwest of the capital city of Managua. The property is 17 acres situated on a peninsula that spans 11 kilometres in length and is bordered by the town of Salinas Grandes to the North and Puerto Sandino to the South.

Isla Mariana is now a community with one unique neighborhood while the master plan has been completely revised and now features a recreational 25-slip marina, true beachfront home sites and a 16-room boutique hotel under the Laya Boutique Hotel brand.

Laya Boutique Hotel and Bungalows is a new component under the Grupo Mariana umbrella, and is a completely unique hospitality offering within the country of Nicaragua. A relaxed, eco-conscious hideaway for those looking for a private beachfront experience, Laya will offer boutique hotel suites and beachfront bungalows stretched along the Pacific Ocean. Laya, which means “liquid” in Nicaragua’s native Miskito language, offers travelers and couples a private destination and experience.

We believe that Isla Mariana is truly positioned to become an “eco resort” that respects the environment and offers an uncompromising, relaxed lifestyle. It’s an off-the-beaten path just 30 minutes from the colonial city of Leon, Juan Venado Nature Reserve as well as the unique Salinas Grandes area where salts are pulled directly from the sea surrounds it. Because of this, Isla Mariana is dedicated to preserving and promoting Nicaragua’s natural resources and efforts are being made to classify the nearby salt fields as an eco-preserve. In essence, Isla Mariana is a wonderfully exceptional and beautiful place.

The Grip Gets Tighter, IRS Finalizes FATCA; Creates Additional Barrier to the Flow of Capital

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Published on: 2013/01/30

Foreign Account Tax Compliance Act

Edicts like FATCA serve as an indirect form of capital controls, as they effectively create significant barriers for capital to leave the US.

Read more at:

Weekly Update – The Grip Gets Tighter, IRS Finalizes FATCA – International Man.

Wording of the FATCA

Rich Taiwanese give up US Passports over FATCA (Taiwan News)

California’s 5 year RETROactive Tax (Business Insider)

New tax for Expats to fund Obamacare (Yahoo News Canada)

IRS website for FATCA

The grip continues to get tighter.

Last week the IRS finalized the widely unpopular FATCA regulations, a monstrosity of 544 pages.


Unpopular with everyone but the US government and the financial advisers who are set to profit from the stacks of paperwork that FATCA creates.


The final regulations include a step-by-step process for identifying US accounts, information reporting, and withholding by foreign financial institutions.


These costly regulations make the world a smaller place for Americans. Most foreign banks want nothing to do with American clients and it is no wonder why. The benefits do not outweigh the costs; any rational business owner would make the same decision.


Perhaps it is a desired effect.


Edicts like FATCA serve as an indirect form of capital controls, as they effectively create significant barriers for capital to leave the US.


We shouldn’t be surprised that broke governments everywhere are finding all sorts of dastardly creative ways to squeeze their citizens more and more.


Take California for example, which is seeking to hit businesses with an absurd retroactive tax going back 5 years.



Museo en CartagenaThe World’s Economy in 2050; Europe & USA dwarfed by Today’s Emerging Economies

Categories: Business, Colombia
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Published on: 2013/01/29
The World in 2050; Quantifying the Shift in the Global Economy a study commissioned by HSBC Bank
International Man,
International Man,

With the rapid growth of the emerging markets, the global economy is experiencing a seismic shift…. By 2050, the collective size of the economies we currently deem ‘emerging’ will have increased five-fold and will be larger than the developed world.

19 of the 30 largest economies will be from the emerging world.

At the same time, there will be a marked decline in the economic might – and potentially the political clout – of many small population, ageing, rich economies in Europe

In HSBC’s The world in 2050, a perspective on the economic outlook in 2050, Colombia is seen playing a decisive role in the global economy and predicted to become the number 26 economy in the world, as measured by GDP (up from position 33 or 34 now depending on the research). It is also part of CIVETS, a group of emerging markets seen as “the next BRICs.”

GDP growth over the last 10 years averaged to about 5%, similar to that of Brazil, but less than neighboring Panama, which was growing a little faster. Interestingly, the Colombian economy did not contract in the disaster years of 2008 and 2009, posting a modest growth of 1.45% in 2009, showing pretty good economical resiliency. Last time its economy shrank was back in 1999.

The country is rich in natural resources, with the main industries being petroleum, coal, coffee and other agricultural produce, and gold. Colombia is also known as the world’s leading source of emeralds, and over 70% of cut flowers imported by the United States originate from Colombia.

The oil sector has been a huge success in Colombia, with production ramping up rapidly in the last several years. It went from 525,000 barrels per day in 2005, to almost a million in 2011. Yearly rate of increase is comparable with that of Brazil, which has been in the news much more extensively than Colombia, who is the fourth largest oil producer in South America. Production in Brazil per year is still much higher, with about 2.7 million barrels per day (2010).

The official currency in Colombia is the Peso, and it has been rising substantially over the last few years due to increasing investment inflows from outside the country


From HSBC:

With the rapid growth of the emerging markets, the global economy is experiencing a seismic shift. But why is this change occurring? Will it continue? And how will the world look if it does? The answers to these questions are important for investors’ decisions today.
In this piece, we provide a framework for thinking about these issues. Based on our analysis of the Top 30 economies ranked by size of GDP in 2050, our conclusions are as follows:


  • World output will treble, as growth accelerates on the back of the emerging economies. On average, annual world growth is projected to be accelerate towards 3% compared with growth of just over 2% in the 2000s (Chart 1). Emerging-world growth will contribute twice as much as the developed world to global growth over this period.
  • By 2050, the emerging world will have increased five-fold and will be larger than the developed world (Chart 2).
  • 19 of the top 30 economies by GDP will be countries that we currently describe as ‘emerging’ (Table 3).
  • China and India will be the largest and third-largest economies in the world, respectively.
  • Substantial progress up the global league table will be made by a host of other emerging economies – most notably, Mexico, Turkey, Indonesia, Egypt, Malaysia, Thailand, Colombia and Venezuela.
  • These projections combine prospects for per capita GDP and the demographic outlook. Income per capita should grow in all the countries that we consider. But demographic patterns vary significantly across the world and have a major influence on growth prospects.
  • The US and UK, with better demographic outlooks, are relatively successful at maintaining their positions.
  • But the small-population, ageing, rich economies in Europe are the big losers.  Switzerland and the  Netherlands slip down the grid significantly, and Sweden, Belgium, Austria, Norway and Denmark drop out of our Top 30 altogether.
  • This may have implications for the ability of these economies to influence the global policy agenda.  Already Europe has been forced to concede two seats on the IMF’s executive board in order to make way for some emerging economies. This adds a whole new dimension to the current Eurozone crisis, and provides a significant incentive to euro-area countries to work through their current difficulties and remain a union.
  • Demographic change is even more dramatic outside of Europe. The working population will rise by 73% in Saudi Arabia and fall by 37% in Japan. That is reflected in these countries’ differing fortunes in our top 30 table (Chart 4).
  • By 2050, the seismic shift in the global economy will have only just begun. Despite a seven-fold increase (Chart 5), income per capita in China will still be only 32% of that in the US and scope for further growth will be substantial. This ‘base effect’ must be considered when comparing current growth in the emerging world with that of the developed world.
  • Energy availability need not hinder this path of global development so long as there is major investment in efficiency and low-carbon alternatives. Meeting food demand may prove more of a challenge, but improvements in yield and diet could fill the gap. In the final section, we discuss our preliminary thoughts on this topic.

Banco Popular of Costa Rica earned $74M in 2012

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Published on: 2013/01/22

from:  Banco Popular disminuyó sus utilidades en un 4% – El Financiero.

Banco Popular of Costa Rica earned $74M in 2012; nationwide, commercial banks nationwide earned 30% more in 2012 than in 2011.

Popular Bank authorities announced this morning a drop in profits of 4% from ¢38,600 million ($77M) in 2011 to ¢37,093 million ($74M) in 2012.

Gerardo Porras, corporate general manager of the company, said the bank continues along the path of growth to contribute to economic and social development of workers.

At the system level, commercial banks increased their profits by 30% last year. The National Bank was the one who earned the bulk of the banking profits, while the HSBC Bank (now Davivienda) had the highest growth of the year (186%).

Returning to Popular, this year the rating agency, Fitch Ratings, issued the Bank a AA rating for its long-term issues and F1 for short term.

For 2013 the bank has projected a placement of ¢410,000 million ($820M) in the areas of consumer credit and development.


Costa Rica Currency Continues Rise vs Dollar

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Published on: 2013/01/22


January 2013

The Costa Rican Economy is experiencing an unprecedented entry of US Dollars as world wide investors seek productive returns.  The influx of dollars has become a problem for Costa Rica’s long standing monetary policy, which is to “loosely peg” with the dollar, so that the exchange rate stays near 540 Colones per USD — the Colón is currently trading at the “established floor” of 500.

¿Dólares ó Colones?

Dollars flood the Costa Rican economy for two major reasons:

  1. Foreign investment into the Costa Rican economy — Walmart, IBM and many other firms have invested hundreds of millions in the past two years
  2. Foreign Exchange (FOREX) traders — speculators will purchase Colones,  currently yielding near 9%, and give up dollars which are currently yielding near 0.5%.

The question of the increasing value of the Colón vs the continually decreasing value of the dollar has many groups in Costa Rica in a fierce debate.  The continual increase affects business, mostly the tourism and the export trades.

Exporters receive payment in foreign coin, but then must pay for services in local currency.  Tourism suffers because tourists can purchase less vacation for their money.  However, the increasing value of the currency leads to a more stable environment and an increase in worldwide investment and which eventually means more wealth for the citizens of the country.

Costa Rica can leave this situation alone, causing their exports and tourism to suffer, slowing the economy.  An alternative is to artificially lower interest rates to better match the USD, further accelerating the economy and possibly causing large inflation.  They can also print more Colones which causes inflation and modestly accelerates the economy.   Another choice is to release the Colón from the US Dollar, allowing the Colón to float in the international currency market.  There are even cries to abandon the local currency and simply accept the dollar as the new currency.

Any decision will need to be done quickly, since Costa Rica is a relatively small nation with a small economy.

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Crisis europea: oportunidad para Centroamérica

Categories: Caribbean
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Published on: 2013/01/22

Leer más:  Prepara UE ofensiva empresarial en AL y Caribe | Info7 | Economía.

Prepara UE ofensiva empresarial en AL y Caribe

La Unión Europea (UE) tratará de expandir la presencia de sus empresas en América Latina y el Caribe durante una cumbre que celebrará con los países de esas regiones en Santiago (Chile), los días 26 y 27 de este mes
Notimex – La cita anual tiene por objetivo pasar revista a los últimos acontecimientos políticos y económicos en ambos lados del Atlántico y discutir cómo proseguir en la cooperación bilateral.

Pero, en paralelo, una delegación de representantes de 40 compañías y asociaciones industriales de diez países europeos buscará abrir camino en los mercados latinoamericanos, con el auspicio del comisario europeo de Industria, Antonio Tajani.

“El viaje hace parte de una serie de misiones para ayudar al crecimiento de las empresas europeas, en particular las pequeñas y medianas (Pyme), a sacar mejor provecho de los mercados internacionales que están en rápido crecimiento”, explicó la Comisión Europea.

Tajani tratará de promover la creación de redes de negocios con los países de América Latina y el Caribe para impulsar la internacionalización de las empresas europeas.

La idea es sacar partido del “fuerte desempeño económico” que la región ha experimentado en los últimos tres años, cuando el producto interior bruto (PIB) de sus países creció un 4.5 por ciento de media.

Además, el alto funcionario se reunirá con diferentes ministros chilenos para profundizar la implementación de acuerdos políticos firmados en junio de 2011 en los ámbitos del desarrollo de las Pyme, de cooperación industrial, de turismo y de política espacial.

El comisario de Comercio, Karel De Gucht, también participará de la ofensiva europea, presionando a Colombia, Perú y los países de Centroamérica a obrar para la pronta entrada en vigor de los acuerdos comerciales que firmaron con la UE el pasado año.

En paralelo, los presidentes del Consejo y de la Comisión Europea, Herman Van Rompuy y José Manuel Durao Barroso, exigirán a sus homólogos latinoamericanos más garantías a las inversiones europeas, para poner fin al clima de desconfianza generado con las expropiaciones realizadas el pasado año por Bolivia y Argentia.

Ofrecer seguridad legal a los inversores es esencial para promover inversiones de alta calidad, con responsabilidad social, señaló Bruselas.

Pedirán, igualmente, que preserven la apertura comercial y eviten tomar medidas proteccionistas en sus países, argumentando que ello es esencial para asegurar un crecimiento y desarrollo continuado.

European Crisis is Opportunity for Caribbean & Latin America

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Published on: 2013/01/22

from:  Prepara UE ofensiva empresarial en AL y Caribe | Info7 | Economía.

The European Union (EU) will seek to expand their business presence in Latin America and the Caribbean during a summit meeting with the countries of these regions in Santiago (Chile), 26 and 27 this month

20 January 2013

AP – The annual event aims to review recent economic and political developments on both sides of the Atlantic and discuss how to further bilateral cooperation.

But, in parallel, a delegation of representatives from 40 companies and industry associations in ten European countries seek to break new ground in Latin American markets, with support from the European Commissioner for Industry, Antonio Tajani.

“The trip is part of a series of missions to help the growth of European companies, especially small and medium enterprises (SMEs), to take better advantage of international markets that are growing rapidly,” said the European Commission.

Tajani seeks to promote business networking with the countries of Latin America and the Caribbean to promote the internationalization of European firms.

The idea is to take advantage of “strong economic performance” that the region has experienced in the last three years, when the gross domestic product (GDP) of countries grew by 4.5 percent on average.

In addition, the senior official will meet with various Chilean ministers to deepen the implementation of political agreements signed in June 2011 in the areas of SME development, industrial cooperation, tourism and space policy.

Trade Commissioner, Karel De Gucht, will also participate in the European offensive, pressuring Colombia, Peru and Central America to work for early entry into the trade agreements signed with the EU last year.

The Presidents of the Council and the European Commission, Herman Van Rompuy and Jose Manuel Barroso, will require their American counterparts more European investment guarantees, to end the climate of mistrust generated with the expropriations carried out last year by Bolivia and Argentina.

Providing legal certainty to investors is essential to promote high quality investments with social responsibility, said Brussels.

They will also urge that openness be preserved and protectionist measures be avoided in their countries, arguing that it is essential to ensure continued growth and development.

Nyesa S.A. Announces $330,000,000 Real Estate Development in Costa Rica

Categories: Business, Costa Rica, Tourism
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Published on: 2013/01/22

Read more:  Nyesa Announces Real Estate Development in Costa Rica – CentralAmericaData :: The Regional Business Portal.

Nyesa Announces Real Estate Development in Costa Rica

Nyesa Valores Corporación has announced the signing of a $330 million agreement with a North American investment fund to finance the construction project.

The complex will be constructed in the Costa Rican Pacific port town of Puntarenas and will feature a world class golf course designed by champion golfer Greg Norman, beach club, sports center and 1,400 residential units including villas, condos and vacant lots.

Sources inside Nyesa Valores Corporación have stated that the total cost of the project is expected to be more than $1,600 with approximate profits of $485 million.

The project will be carried out in several phases, the first being general infrastructure development including the first SETAI branded hotel. This phase is predicted to cost $632 million, of which $330 million will be provided by the investment fund with a 10 year repayment term.

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Colombia impulsa turismo náutico para crear 15 mil nuevos empleos

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Published on: 2013/01/21

Read more:  Colombia impulsará turismo náutico para crear 15 mil nuevos empleos – Noticias de turismo –

2012-06 Cartagena (62)

El Ministerio de Comercio, Industria y Turismo de Colombia se ha propuesto dentro de sus prioridades contribuir a la creación de 15 mil nuevos empleos en el litoral Caribe colombiano, mediante el impulso al turismo náutico.

Con el objetivo de alcanzar esta meta, la entidad lanzó la Guía Náutica Turística de Colombia, ya que sus páginas recogen las cartas de navegación para el ejercicio de la actividad de veleros y yates, así como una completa información de los servicios, y los sitios turísticos a visitar en cada uno de los puertos de atraque, según la prensa colombiana.

Con la guía se busca promover al país como un destino para embarcaciones y veleros, aprovechando los 2.900 kilómetros de costa: 1.600 kilómetros en el Mar Caribe y 1.300 kilómetros en el Océano Pacífico, que tiene Colombia.

El segundo paso será la creación de marinas, así como la reglamentación de la venta de servicios en las mismas, proyecto que el Gobierno pretende impulsar.

En la publicación en la que participaron el Fondo de Promoción Turística, la Corporación de Turismo Cartagena de Indias, y la Dirección Marítima, se invirtieron $4.200 millones. Para su difusión fueron impresos 8.000 ejemplares; 6000 en ingles y 2.000 en español.

Aerolínea JetBlue ofrecerá vuelo directo entre Florida y San José a partir de junio – El Financiero

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Published on: 2013/01/21

Lea más:  Aerolínea JetBlue ofrecerá vuelo directo entre Florida y San José a partir de junio – El Financiero.

La aerolínea estadounidense JetBlue iniciará un vuelo directo entre  Fort Lauderdale, Florida y el Aeropuerto Internacional Juan Santa María, Costa Rica.

El servicio comenzará a partir del 27 de junio del 2013 y estará sujeto a la aprobación gubernamental.

La línea aérea opera en el país desde marzo del 2009 cuando inauguró un vuelo diario entre Orlando y San José. Para el 2012, JetBlue abrió otro servicio entre John F. Kennedy de Nueva York y el Aeropuerto Daniel Oduber en Liberia.

El vuelo operará aviones Airbus A-320 que tienen una capacidad para 150 pasajeros. 

El servicio saldrá de Florida a las 9:45 am y llegará al Aeropuerto Juan Santamaría  a las 10:39 am. Por otra parte, saldrá de Costa Rica a la 1:00 pm y se estima que llegue a Florida a las 6:09 pm.

JetBlue Airlines Starting Non-Stop Flights to San José

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Published on: 2013/01/21

Read more:  Aerolínea JetBlue ofrecerá vuelo directo entre Florida y San José a partir de junio – El Financiero.


The U.S. airline JetBlue will begin direct flights between Fort Lauderdale, Florida and the Juan Santamaria International Airport (San José), Costa Rica.

The service will start from June 27, 2013 and subject to government approval

The airline operates in the country since March 2009 when it inaugurated a daily flight between Orlando and San Jose. For 2012, JetBlue opened another service between John F. New York Kennedy Airport and Daniel Oduber in Liberia.

The flight will operate Airbus A-320 aircraft with a capacity for 150 passengers.

The service will leave Florida at 9:45 am and arrive at Juan Santamaría Airport at 10:39 am.  The return trip will leave Costa Rica at 1:00 pm and is estimated to reach Florida at 6:09 pm; times will vary depending on Daylight Savings in the USA.

Boat sales jump 10% this year; Rise expected to continue

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Published on: 2013/01/18

Boat sales jump 10% this year – Business –

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Fort Lauderdale International Boat Show 2012


Sales of new recreational powerboats are estimated to be up by 10 percent in 2012, according to the National Marine Manufacturers Association.

“We are pleased to see the industry growing,” NMMA president Thom Dammrich said. “Our projection is the industry will grow in 2013 by another 5 to 10 percent.”

Dammrich said the level of growth depends on conditions like consumer confidence and the housing market — and sustained increases in Americans’ participation in outdoor recreation.

The 2012 projections represent the first signs of steady growth across the powerboat market since the economy hit bottom in 2008-09 and new boat production dropped 80 percent. Even now, Dammrich, said production and retail sales are only about half of what they were during the peak in 2007.

Fueling the growth in new boat sales are purchases in the 15- to 26-foot range, which make up 96 percent of the 12.4 million boats registered in the U.S., according to the NMMA. While the numbers are up in almost every segment of the industry, the toppers are pontoon boats.

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Audi R8 Themed Catamaran; Speed and Looks

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Published on: 2012/11/30

From:  Audi R8 Themed Catamaran – Carscoop.


What happens if you marry a car and a high speed catamaran?

Audi R8 Catamaran

Why on earth would someone design a speedboat inspired from the Audi R8? Well, if we didn’t know better, we’d say that the catamaran’s designer probably wanted to style cars but instead ended up in the shipping business as the R8 Catamaran is Bo Zolland’s second automobile-inspired speedboat after the 1963 Corvette Stingray lookalike catamaran (see here). -Continued

According to the Swedish designer, the 8.8 meter long R8 speedboat has been designed to use a V10 biodiesel marine engine or two smaller 320 HP diesel units helping it to achieve a theoretical top speed of 110 MPH.

Audi R8 Catamaran
Audi R8 Catamaran
Audi R8 Catamaran
Audi R8 Catamaran
Audi R8 Catamaran
Audi R8 Catamaran
Audi R8 Catamaran
Audi R8 Catamaran
Audi R8 CatamaranLink: Vizualtech


Another 50 million Consumers in Latin America

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Published on: 2012/11/15

From CentralAmericanData and the World Bank

Another 50 million Consumers in Latin America – CentralAmericaData :: The Regional Business Portal.

Another 50 million Consumers in Latin America

In just six years the number of people in Latin America with middle class purchasing power increased from 103 to 152 million.

Tuesday, November 13, 2012

Beyond showing the extraordinary achievement that it means to have taken 50 million out of poverty, the report “Economic Mobility and the Rise of the Latin American Middle Class”, by the World Bank, points clearly to one of the fundamental reasons for global investor interest in the countries of the region: it has 50 million more consumers.

The report defines people the middle class as those people with incomes of between $10 and $50 per day. This income level offers greater resistance to unexpected events and reflects a lower chance of falling back into poverty.

The report found that some of the key factors that promote upward mobility in Latin America were higher levels of education among workers, most jobs being in the formal sector, more people living in urban areas, more women in the workforce, and smaller families.


Costa Rica building “Wellness Tourism” niche

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Published on: 2012/11/07

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Turismo de bienestar abre nuevos nichos – El Financiero.

Turismo de bienestar abre nuevos nichos

Entre 42.000 y 72.000 visitantes han buscado estos hoteles

Hace menos de un año, James Taylor creó la empresa Powered Vacations enfocada en paquetes de turismo que ofrecen servicios como pilates, meditación, relajación, yoga y acondicionamiento físico.

De acuerdo con el empresario, la idea de crear esta empresa nace de la tendencia mundial que, según su criterio, va en crecimiento, y consiste en una preocupación generalizada por la salud y el bienestar. Se trata de un mercado potencial y creciente.

Para Marisia Jiménez, directora de Asclepios Centro de Bienestar, ubicado en Alajuela, también es marcado el crecimiento generalizado de las personas que buscan un turismo diferente.

Esto la llevó a especializarse en el tema de la medicina natural y la naturopatía, y fundar Asclepios en el 2009, que ofrece servicios de masajes, spa , sauna, acupuntura y yoga, entre otros.

Esta nueva tendencia enfocada principalmente en servicios de spa , yoga, pilates, relajación, alimentación sana y demás servicios, corresponden a la tendencia mundialmente llamada wellness (bienestar).

Para Asclepios y Poweres Vacations, la mayoría de sus clientes son visitantes provenientes de Estados Unidos, de entre 25 y 50 años, y la temporada alta coincide con la del mercado nacional, entre diciembre y abril.

“Se ha mantenido el nivel de clientela, no ha subido ni bajado. Creo que en parte es porque este es un servicio muy nuevo en el país y hay que darlo a conocer”, explica Jiménez.

De acuerdo con datos del Instituto Costarricense de Turismo (ICT), en la Encuesta Área de No Residentes para el periodo 2009-2011, el nicho de bienestar los constituyen aquellos viajeros que manifestaron la realización de algunas de las siguientes actividades: salud, spa y aguas termales.

El número de personas que realizaron algunas de dichas actividades osciló entre los 42.000 y 72.000 en el periodo 2009-2001.

Ireth Rodríguez, subgerenta y directora de Mercadeo del ICT, explica que si bien no existe un registro institucional del número de empresas que ofrezcan servicios wellness , las cifras sí señalan un repunte en el número de turistas que vienen buscando este tipo de experiencias.

“Se presenta un incremento de más de 2,4 millones de personas que dicen estar interesadas en realizar actividades relacionadas con el bienestar, pasando de 10,7 millones personas a 13,1, de acuerdo a un estudio de Travel Style”, afirmó Rodríguez.

“Esto se debe –agregó– a que a nivel mundial hay una tendencia a que la gente busque maneras más sanas de vivir y encontrar los espacios para liberarse del estrés de las actividades cotidianas y, además, encontrar espacios para cuidado de su cuerpo y mente”.

“Muchos, principalmente el hospedaje y turismo médico, cuentan en su parrilla con actividades de turismo de bienestar. La hotelería ofrece en su menú spa , yoga, masajes, aguas termales y baños de lodo, por ejemplo, aunque no se cuenta con la información de la relación de turismo médico-turismo wellness , explicó Tatiana Cascante, subdirectora de la Cámara Nacional de Turismo (Canatur),

Nicho por explorar

Para el médico Christian Rivera, coordinador de Costa Rica Azul –iniciativa privada que busca alianza entre microempresas–, el turismo wellness no se ha explotado en el país.

“Es un campo que no solo resulta innovador, es una oportunidad para el proceso de crecimiento que el país se merece y que no ha sido explotado. Hay iniciativas en términos de wellness , pero hay muchos más conceptos que pueden ser explotados, no solo de masajes”, afirmó.

Rivera destaca que el país tiene todas las condiciones para explotar este tipo de turismo: condiciones climáticas, estabilidad política, seguridad social, especialización de profesionales e infraestructura.

“Lo que hace falta es crear una imagen de país como destino wellness , mercadearnos y darnos a conocer en el mundo. El turismo verde de la ranita dio resultado, pero nos estamos quedando en un concepto de servicios plano”, aseveró Rivera.

Ireth Rodríguez señala que “el ICT ha venido trabajado en la promoción del turismo de bienestar en producción de material impreso y digital promocional para distribuir en ferias internacionales y acceder desde la página web institucional ofreciendo las opciones de bienestar en el país”.

Tipos de wellness

Alimentación orgánica: Las personas buscan opciones diferentes y más saludables en los menús de los restaurantes. Algo que los hoteles podrían empezar a implementar.

Salud holística: Consiste en yoga, meditación, masajes, spa, acupuntura y terapias de salud alternativas.

Turismo de sueño: Acondicionamiento de equipos y habitaciones para brindar una experiencia de relajación y disfrute del sueño.

Maratones: Constituye actividades físicas masivas que podrían desarrollarse en la zona norte o Guanacaste.

Gluten free: Los turistas celiacos pueden encontrar opciones de turismo y menús adaptados a sus necesidades de salud.

Crónicos: Personas con cardipatías, diabetes, hipertensión y enfermedades renales crónicas, podrían obtener servicios y medicamentos dentro de los hoteles.

Retiro: Uno de los mayores potenciales que podría desarrollar zonas como Guanacaste. Se prevé que la mitad de la población de EE. UU. esté por encima de los 50 años.

Fuente Christian Rivera.


BID y Gobierno de Costa Rica firmaron préstamo por $250 millones para sector eléctrico

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Published on: 2012/11/07

Costa Rica spending $250.000.000 USD for electric infrastructure

more and English version at:  BID y Gobierno de Costa Rica firmaron préstamo por $250 millones para sector eléctrico – El Financiero.



El Banco Interamericano de Desarrollo (BID) firmó con autoridades del gobierno de Costa Rica el Segundo Contrato de Préstamo Individual por $250 millones, que se destinará al desarrollo del sector eléctrico costarricense, para la atención eficiente de la creciente demanda de energía.

Con la presencia de la presidenta Laura Chinchilla, el convenio fue suscrito por Gina Montiel, gerente general de Países Centroamérica, México, Panamá y República Dominicana por el BID; y Teófilo de la Torre, presidente ejecutivo del Instituto Costarricense de Electricidad (ICE), con Edgar Ayales, ministro de Hacienda (entidad que será garante).

Según fuentes del BID, un monto por $152 millones se asignará al financiamiento de inversiones en  generación, transmisión y distribución de electricidad. Se mejorará la calidad del suministro de energía en el sistema de transmisión y distribución, se ampliará la cobertura en las áreas rurales y se reforzará la red de distribución para atender comunidades aisladas.

Además, se invertirá en proyectos de energía renovable y modernización de la planta hidroeléctrica Río Macho para mejorar su rendimiento y vida útil. También se reforzará la infraestructura de transmisión y se construirá un nuevo Centro de Control de Energía Eléctrica, para cumplir con los requerimientos de calidad del Mercado Eléctrico Regional.

Cerca de $98 millones se destinarán a cofinanciar el proyecto hidroeléctrico Reventazón. Este tendrá una capacidad instalada de 305,5 Megavatios, será una de las mayores plantas de generación hidroeléctrica de Latinoamérica y la mayor de la Región centroamericana.

El financiamiento del BID con garantía soberana que hoy se firmó tiene un plazo de 25 años, con un período de gracia de 5 años y una tasa de interés basada en LIBOR, que actualmente es 1,09%. El aporte local es de $41,7 millones, con lo que el monto total será de $291,7 millones.

Costa Rica Company buys Genesee, Honey Brown Ale, Seagram’s Brewery in USA

Categories: Business, Costa Rica
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Published on: 2012/10/29

Cerveceria Costa Rica has agreed to buy, at a cost of $388 million, North American Breweries Holdings, the largest independent brewer in the U.S.

Friday, October 26, 2012


Florida Ice & Farm Buys Brewery in USA – CentralAmericaData :: The Regional Business Portal.

The Costa Rican company Florida Ice and Farm Co., SA (“FIFCO”) announced today that its subsidiary Cerveceria Costa Rica, SA (“CCR”) has signed an agreement to purchase North American Breweries Holdings, LLC and its subsidiaries (“NAB”), the largest independent brewer in the United States, owned by KPS Capital Partners, LP for $388 million. The closing of the transaction is subject to requirements laid out in a competition defense notification by Hart-Scott-Rodinoy to be reviewed by the U.S. Department of Justice and the Federal Trade Commission.

NAB has a portfolio of 10 families of brands in all of the most important segments of beer in the U.S., including imported beers like Labatt (leading Canadian beer) and Imperial (number one brand of beer in Costa Rica), craft beers (MagicHat, Pyramid, Dundee, Mac Tarnahan’s and Buffalo Bill’sBrewery), authentic American beers (Genesee and Honey Brown) and malt beverages such as the brand Seagram’s Escapes.




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