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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.



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.

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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.

Latin American airlines will require over 2,100 new aircraft …

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Published on: 2013/01/25


Nov 16, 2012

According to the recently released Airbus Global Market Forecast (GMF), Latin American airlines will require 2,120 new aircraft between today and 2031, including 1,660 single-aisle, 420 twin-aisle and 40 very large aircraft estimated at $242 billion. Globally, by 2031 some 28,200 new aircraft valued at $4 trillion will be required to satisfy future robust market demand.


With GDP currently growing above the world average, socio-economic indicators predict Latin America’s middle class will double between 2012 and 2031. Additionally, Latin America has become the second most urbanised region worldwide after North America, and by 2031, 10 out of the 92 mega-cities with more than 10,000 daily long-haul passengers will be in the region.

As a result of this region’s dynamic economic growth, Latin America’s air traffic will rise 5.3 percent per year over the next 20 years, well above the world average of 4.7 percent. Benefiting from this, the region’s airlines will grow their own traffic by almost 6 percent per year, the second highest growth globally, only exceeded by those airlines based in the Middle East. Additionally, Latin American airlines’ market share on long-haul routes increased by 8 percent between 2005 and 2011, to reach 21 percent today, showing that they have significant development potential for intercontinental networks.

source:  Airbus Global Market Forecast Airbus: Latin American airlines will require over 2,100 new aircraft ….

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.


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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New SuperWalmart (8th one) opens near San José, Costa Rica

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Published on: 2013/01/21

from:  Nuevo Walmart de Tibás abrirá en unos días – El Financiero.

In the coming weeks the eighth Super Walmart will be ready, this time in Tibás.

The work is in its final stage and although the company did not disclose the exact date,  the inauguration is estimated to be in the coming weeks. Even the building and has its facade almost ready.

This was announced by Walmart spokeswoman, Yolanda Fernández Ochoa, manager of Corporate Affairs Costa Rica, to queries sent by this periodical.

Fernandez said that from the point of view of infrastructure, the work is almost ready. They are currently in the process of installing equipment and shelves for placement of product.

Tibás Walmart will join the six hyper supermarkets already in operation: San Sebastian, Escazu, Escazu, Cartago, Heredia, Alajuela and Guadalupe.

When asked by the amount of investment, Fernandez just merely commented that it will be several million dollars. “However, by company policy we refrain from giving the figure in detail.”

However, last February, the company had estimated it would be about $ 19 million, as published by El Financiero.

This weekly learned that the chain also has a number of investments under way, the opening of a Maxi Pali in North Mercedes (Heredia), currently under construction.  Also in Lima de Cartago, Atenas, Esparza, and San Antonio, among others.

Recently opened, the Maxi Palí of Santa Cruz in Guanacaste where the company invested $ 4.3 million for a store of 1,800 square meters ( 19,600 square feet) and created 44 jobs.

About the new plans, the spokeswoman gave no details but admitted that she has multiple project openings in different stages of completion, some only in state permits, others already under construction, such as the one standing adjacent to the Northern Cemetery in Mercedes (Heredia)

“Being a public company listed on the Stock Exchange of Mexico, we can not pass judgment on the new projects, while our 2013 plans are not officially shared with shareholders and stock analysts in the coming weeks,” said Fernandez.

Walmart is not the only chain that is growing. Gessa Group, owner of Perimercados, Jumbo, Saretto, Supercompro and Turribásicos has requested permits and already under construction is a Jumbo supermarket in Heredia, a few meters from the National University.

AutoMercado, in addition, has an aggressive growth plan with its new stores Vindi, and expect to have seven shops by March .

AMPM and Fresh Market also continue its march of expansion, as has unveiled its president, Armando Gonzalez.  They now have more than 40 outlets.


Costa Rica tops Latin American ranking of outsourcing services

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Published on: 2013/01/21


“San José is one of the most impressive services destinations in the continent,” study says.

The “Top 100 Outsourcing Destinations Report 2013” places Costa Rica as the best country in Latin America for outsourcing operations and 13th worldwide.

The private study released by global consulting and investment firm Tholons indicates that Costa Rica climbed five positions from the 2012 index and is “a key player in the corporate services industry and information technology in Latin America and the world.”

“San José, Costa Rica, remains one of the most impressive destinations in the region. It surpassed bigger cities like São Paulo and Buenos Aires, consolidating the city as one of the big winners in the 2013 list,” the report cited.

Foreign Trade Minister Anabel González said Wednesday in a statement that this prominent position is a direct result of the work done to develop and consolidate the services sector in Costa Rica.

Gabriela Llobet, executive director of the Costa Rican Investment Promotion Agency, added that the Tholons ranking also reflects that the country now competes not only with continental leaders but also directly with global giants such as India, Poland, Ireland and Malaysia.

The only two countries in Central America that made the list besides Costa Rica were Nicaragua and Guatemala, appearing at the bottom of the ranking at 95 and 96, respectively.

source: Costa Rica tops Latin American ranking of outsourcing services / News Briefs / Current Edition / Costa Rica Newspaper, The Tico Times.

Living large in Costa Rica –

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Published on: 2013/01/21


Enjoy the view over the Papagayo Peninsula from your private pool at the Four Seasons.

(CNN) — Not so long ago, Costa Rica was a backpacker’s game.

Other than a few business-class hotels in the capital of San José and a handful of isolated luxury properties scattered about the scenic hinterlands, travelers could expect little in the way of genuine comfort while exploring one of the most beautiful and eco-conscious countries on the planet.

Over the past decade, however, Costa Rica’s fastest-growing crop has been a collection of opulent hotels and resort communities, complemented by marinas, golf courses, gourmet restaurants, hot springs and other world-class facilities.

The tag attached to most deluxe properties is usually something like “ecolodge” or “ecoresort,” which may conjure visions of dreadlocks, granola and recycled hemp-fiber sheets.

Don’t be fooled.

Yes, most of the country’s destinations are green; Costa Rica’s Sustainable Tourism Program rewards environmentally friendly properties with one to five “leaves” and copious free publicity.

But Costa Rica’s new upscale properties are as elegant and comfortable as any in Latin America.

Here are the best regions and stays for putting a little service and Chardonnay into your sand and scenery.

Click the link to see all the wonderful places:

 Living large in Costa Rica –

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.

NBC Sportfishing Highlights Nicaragua in January


Air Date: 1/20/13

Guest host John Frazier takes a trip into the wilds of central Nicaragua in search of the giant tarpon that live in the Rio San Juan, which flows southeast out of Lake Nicaragua toward the Caribbean Sea. Tag along with Frazier as he and guide Allan Tisseaux hunt these monster fish in a beautiful and untamed part of the world.




NBC Sportfishing in Costa Rica January 13 9:30 AM

NBS Sports

Sport Fishing Television

Watch New Episodes of Sport Fishing Television on NBC Sports Starting This Sunday

Airing Sunday, January 13 at 9:30am EST on NBC Sports Network

John Brownlee and the SFTV crew travel south to the famed Osa Peninsula, to fish the Pacific Ocean out of the famous Crocodile Bay Resort in Puerto Jimenez



The Results are in for the Presidential Challenge of Guatemala

Team OBX Repeats as PCCA Guatemala Winners!

Billfishing is always unpredictable. No one can say with any certainty whether the fish will bite or not during a given period and despite the best intentions, even the world’s finest destinations can turn cold. But the anglers of the 2012 Presidential Challenge of Guatemala managed to persevere despite the tough fishing conditions. Maybe it was the extra cocktail or two after dinner, or a good laugh shared with a new friend, but at least the fun was plentiful during the week. 

And when the fishing is this challenging it’s important to make every shot count. That was the key to victory in this year’s event for Team OBX, fishing with Capt. Chris Sheeder on the Rum Line. The team of Dell  Dembosky,

Team OBX, winners of the PCCA Guatemala tournament.

  Mike Viveiros and Craig Johnson missed just two sailfish bites during their three days of tournament fishing, emerging victorious for the second year in a row in this tournament with 1,200 points and 12 sailfish releases.  
In second place, the Day One leaders on the Release with Capt. Chico Alvarenga, Team Priority: Hans Kaspersetz, Jim McCord, Ed Arnold and Herbert Merryweather. They scored a nice marlin release on Day Two and picked away at the sails, finishing with 1,000 points from seven sailfish releases and a marlin kicker. Gary Carter, Tim Mossberg and John Richardson rounded out the top three, fishing with Capt. Brad Phillips on the Decisive. They finished the tournament with 1,000 points and ten sailfish releases. Carter was the top daily angler on Day Three.


Dell Dembosky, Top Angler.

 In the angler standings, Dembosky had the hot hand almost from the start, vaulting himself into Top Angler status with 800 points. He was followed by Hans Kaspersetz from Team Priority with 600 points. Kaspersetz was aided by his blue marlin release on Day Two, the team’s only points for that day. In third was Dana Thomas, representing Team Pelese and fishing on the Makaira with Capt. Jason Brice, with 400 points. Thomas released a blue marlin and a sailfish to emerge as the top daily angler on the second day of fishing as well.

The PCCA Guatemala tournament also wrapped up the season-long points race for the Costa Grand Champion Team and Eagle Claw Grand Champion Angler awards. Winning the Costa Grand Champion Team was the Sea Angel, owned by Greg Angel. His team fished the PCCA Costa Rica and Papagayo Cup tournaments and tallied an impressive 3,500 points (teams must fish at least two Series tournaments in order to qualify). In second place was the Marc Stanley’s Pelese, with 3,300 points, followed by Team Priority in third with 2,400 points. In the Eagle Claw Grand Champion Angler standings, Marc Stanley was first place with 2,200 points and Austin Angel second with 1,900 points. Rounding out the top three was Hans Kaspersetz with 1,350 points..


The Presidential Challenge Conservation Series is an internationally-recognized tournament series with events in Costa Rica, Guatemala and Aruba. In 2012 alone the series raised in excess of $25,000 for The Billfish Foundation’s conservation initiatives and projects in Central America and throughout the world. For more information on next year’s tournaments please visit


Final Standings
First Place Team: OBX, 1,200 points
Second Place Team: Priority, 1,000 points

Third Place Team: Decisive, 1,000 points

First Place Angler: Dell Dembosky, 800 points
Second Place Angler: Hans Kaspersetz, 600 points

Third Place Angler: Dana Thomas, 400 points

First Place Boat: Rum Line, 1,200 points
Second Place Boat: Release, 1,000 points

Third Place Boat: Decisive, 1,000 points

PCCA Grand Champion Standings
Costa Grand Champion Team: Sea Angel, 3,500 points
Costa Second Place Team: Pelese, 3,300 points
Costa Third Place Team: Priority, 2,400 points

  Eagle Claw Grand Champion Angler: Marc Stanley, 2,200 points

Eagle Claw Second Place Angler: Austin Angel, 1,900 points

Eagle Claw Third Place Angler: Hans Kaspersetz, 1,350 points


The Presidential Challenge Charitable Foundation, Inc. is an independent not-for-profit 501(c)(3) corporation.
A copy of the official registration and financial information may be obtained from the Division of Consumer Services by calling toll-free (800-435-7352) within the state. Registration does not imply endorsement, approval, or recommendation by the state.” CH # 24910
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Hyatt Hotel Inaugurated in East San Jose

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Published on: 2012/11/17

Integrated into the Momentum shopping center, the 120-room hotel’s main clients will be executives visiting the growing number of companies with offices in the area.

/content/hyattblog/2010/08/Sneak-Peek-at-First-Hyatt-Place-Outside-US/2012/09/hyatt_friday_photo/jcr:content/par/textimage/image/file reports that “The managers have said they also aim to attract tourists who want to get to know the eastern part of the greater metropolitan area, where there are volcanoes and mountains.”

Investment in the Hyatt Place San Jose Pinares amounted to $20 million for the 7350 m² construction area and 1524 m² of parking spaces.

The hotel is integrated into the Momentum Pinares mall where there are cinemas, a theater, a wide variety of restaurants and in the near future a tower containing over 60 medical specialists.

“The rooms have a work area, couches and a TV with all the necessary connections. A basic room costs $105 in November and December, pre-opening, and then will cost between $130 and $150, depending on the date, with breakfast included.”





Central America Population Will Continue To Grow

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Published on: 2012/11/15


The Central American population will grow by eleven million over the next 15 years, at different rates depending on the country.

The Central American population will increase by about eleven million over the next fifteen years while in the last ten years it has increased by almost seven million people.

The growth associated with this estimate (1.6% annually) is expressed in very different rhythms within the region. The slowness of El Salvador (0.7% annually) contrasts with the dynamism of Guatemala (2.2% annually).

For the period 2010-2015, Guatemala will concentrate little more than half, while Honduras will provide a fifth of the population growth in the area. While Costa Rica, Panama and El Salvador will see growth of around 700,000 inhabitants each, Guatemala will increase its population by 1.8 million people and Honduras nearly 800,000.

Another important implication of the growth has to do with the occupation of the territory in each country. Population density in Central America has great contrasts. At one extreme is Belize, with 14 inhabitants per square kilometer, and the other is El Salvador, with 294.

In some capital cities where population density is greater than a thousand people per square kilometer growth and agglomeration will continue, as in the case of San Salvador, which has about 2,500 inhabitants per square kilometer.

Source: Estado de la Nación




International tourism strong despite uncertain economy

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Published on: 2012/11/10

International tourist arrivals grew by 4% between January and August 2012 compared to the same period of 2011 according to the latest UNWTO World Tourism Barometer. The resilience of international tourism in a continuing uncertain economy is further confirmed by the positive data on tourism earnings and expenditure.


The number of international tourists worldwide grew by 4% between January and August 2012 compared to the same eight months of 2011 (28 million more). With a record 705 million tourists up to August 2012, UNWTO remains confident that one billion international tourists will have travelled the world by the end of the year.


Emerging economies regain the lead

Emerging economies (+5%) have clearly regained the lead as compared to advanced ones (+4%).

In the Americas (+4%), Central (+7%) and South America (+6%) continued to show the strongest performances, with growth in the Caribbean (+5%) also significant. International tourist arrivals grew 3% in North America


Tourism is strong in Central America !

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Published on: 2012/11/10


Opportunities in Tourism

Despite the downturn in the major economies, more and more tourists traveling the globe are looking for the kind of experiences that Central America has to offer.

The opportunities are there. Demand for tourist destinations such as the ones Central America can offer is firm and is increasing every year.

 A statement from the World Tourism Organization (UNWTO) reads:

Tourism grows in the world despite the international crisis
International tourist arrivals grew by 4% a year worldwide between January and August of 2012 and is nearing for the first time the 1,000 million mark for December, said the World Tourism Organization (UNWTO).

According to the UN agency, tourism figures climbed 5% in emerging economies, compared with 4% in developed countries.





Wow, More Countries are Investing in Nicaragua

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Published on: 2012/11/10


A surprising 55% of Nicaragua’s direct foreign investment comes from Canada, USA and Spain and with 284 new projects in the works, the country is poised to increase those numbers.


What he did grow foreign direct investment in 2011 are 284 new projects were able to attract, whose capital comes from 41 countries “the highest amount in history,” according to investment promotion agency ProNicaragua.

Alvaro Baltodano, presidential delegate for investment, is confident that “excellent results” obtained allow Nicaragua occupies the first place in Latin America and the Caribbean, growth in foreign investment attraction. “We’ll know when all countries to finish their numbers,” said Baltodano.

But the position is privileged because ProNicaragua, the Central Bank of Nicaragua (BCN) and the Ministry of Development, Industry and Trade (MIFIC), consolidated indicators and regional level confirm that Nicaragua was “for four consecutive year, the highest” FDI as a percentage of GDP, with 14.1 percent.

Total foreign direct investment during the period 2007-2011 was 2,917.88 million, driven mainly by the energy, telecommunications and free zones, which represented on average 70 percent of the total.



source: Wow, More Countries are Investing in Nicaragua | Tropical Daily.

ProExport Colombia Visits Mar Y Sol at Twin Vee Factory

Colombia represents an enormous opportunity for investors.

With the signing of the Free Trade Agreement, the country has opened its doors to the United States to expand its market in many sectors.  Mar Y Sol recognizes this opportunity and actively working to partner with Colombian and U.S. businesses and organizations.  We invited ProExport Colombia to visit Twin Vee Catamaran factory and meet Roger Dunshee, the founder, owner and CEO of Twin Vee !

Twin Vee Catamarans of Fort Pierce, Florida has prided itself on producing a safe,

Roger Dunshee

reliable quality boat at an affordable price.  Customers trust the name and the performance. As founder, Roger Dunshee states, Twin Vee Catamarans are “the best riding boats on the water.”  Over time, these well crafted boats will still hold their value!

Recently, Sergio Rodríguez, Foreign Investment Representative of ProExport Colombia visited the Twin Vee factory in Fort Pierce, Florida.  ProExport promotes “nontraditional exports, international  tourism and foreign investment” in Colombia.  They assist to identify market opportunities, assist to design strategies for the market segment, promote foreign direct investment in Colombia and much more.

Sergio Rodríguez

One of the market sectors that has been on the upswing is tourism.  Along the Colombian Caribbean coast line are cities poised for expansion in this sector.  Cartagena, is an urban center with almost 1 million residents and home to one the most important international ports.  Recreational tourism, beaches and development of the marine market is underway.  Rosario Islands, Barú and Santa Marta are known for the recreational tourism all surrounded by the beautiful Caribbean waters.

Mr. Rodríquez explained that ProExport’s tourism office is located in Cartagena and offers services for the cruise ships and hotels. Domingo Bernardo, CEO and president of Mar y Sol explained the business plan and development for Colombia. The company will offer boating services and products to hotels, cruise ships, marinas and recreational boaters.  It was agreed by all, that Mar y Sol Twin Hull Boats and Twin Vee Catamarans can in fact fill that niche and importantly, ProExport Colombia has offered assistance to Mar y Sol.

At a round table discussion,  Roger Dunshee  explained the benefits of  power catamarans and why the Twin Vee brand is so unique. Mr. Rodríguez had a tour of Twin Vee factory and able to see the quality of the construction which has made these boats famous.  Mr. Rodríquez was introduced to the latest technology in boating: the Twin Vee  Hydrofoil Supported Ocean Cat.   This advancement in boating creates a lift, runs on top of the waves, less resistance, lower horsepower and less fuel!

Twin Vee Hydrofoil Supported Ocean Cat


Mar y Sol Twin Hull Boats is proud to represent Twin Vee Catamarans and to introduce these legendary boats to the Colombian market! With the enormous growth of the marine and recreational tourism, Mar y Sol along with Twin Vee  will fill a niche in the nautical market.

Thank you to Mr. Sergio Rodríguez for your visit and Mr. Roger Dunshee of Twin Vee for the factory tour!




Costa Rica building “Wellness Tourism” niche

Categories: Tourism
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Published on: 2012/11/07

more in: 

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

Categories: Costa Rica
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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.

November News from the Presidential Challenge Charitable Foundation

Pres Challenge header
In This Issue
PCCA Updates and News
2012 PCCA Series Sponsors
Standings Update

 The Presidential Challenge is one of the most competitive series of  tournaments anywhere in the world, and 2012 is certainly living up to that reputation. Here are the top ten in each division as we move into the final event, PCCA Guatemala.

Costa Grand Champion Team

SEA ANGEL     3500
PELESE            2750
XTA SEA          2450
HIGH HOOK    1650

PRIORITY       1100
LET IT RIDE    1050
Eagle Claw
Grand Champion Angler
Lazer Trokar Logo 
MARC STANLEY     2050 
AUSTIN ANGEL      1900
GARY CARTER         750
Save The Dates!
PCCA Costa Rica
Feb. 28-March 3
Papagayo Cup
May 16-19, 2013
Aruba Caribbean Cup
Oct. 17-20, 2013
PCCA Guatemala
Nov. 21-24, 2013
Presidential Challenge

Charitable Foundation, Inc.
November, 2012

In just a few short weeks, the Presidential Challenge will cap our 17thPCCA LOGO anniversary season of “fishing for conservation” with the PCCA Guatemala event, scheduled for Nov. 15-18, 2012 at Casa Vieja Lodge. At stake is not just the tournament title but also the overall season-long race for the Costa Top Team and Eagle Claw Top Angler prizes. A number of teams are in the running for these awards so visit “Standings” on the Presidential Challenge website for more information. As of this time there are still several great boats available for charter so email for rates and information. It’s not too late to fish!
Momoi has come aboard with the Presidential Challenge as the Exclusive Line Sponsor for 2013! This is a big change because anglers will no longer be supplied with line from the tournament–they will be able to purchase their line from a very wide range of  suppliers well in advance of the tournament rather than wait until they arrive to spool up their reels. The official line for the 2013 season will be the Momoi Diamond in hi-vis yellow color; 20-pound test will be used in the PCCA Costa Rica and PCCA Guatemala tournaments and 30-pound test will be used in the Papagayo Cup and Caribbean Cup tournaments. Momoi Diamond is widely available through tackle retailers both locally and online so please join us in welcoming them aboard.
Another sponsor, Alutecnos, has joined the Series for 2013.

Alutecnos will supply the Top Daily Crew prizes as well as the Top Angler prize in the form of their fighting belts. They will also be supplying some additional goodies for the anglers of the PCCA to win throughout the season so please also welcome aboard Alutecnos!

The second phase of the Adopt-A-Billfish white marlin satellite tagging program wrapped up recently in Aruba following the Chivas Regal Aruba Caribbean Cup. Dr. Eric Prince from NOAA, along with John Houlihan and Capt. Dan Kipnis were able to tag four large, healthy white marlin with pop-up satellite tags

during their days offshore. The tags are programmed to pop off after a set amount of time, sending their data to an orbiting satellite where it is then downloaded and studied by Dr. Prince and his scientific team. This information is crucial in unlocking the secrets of the white marlin, a billfish species about which little is known. The Presidential Challenge would like to thank Eric Mansur for his invaluable assistance in coordinating the Aruban boats for the tagging as well as Richard Eman for providing lodging for the tagging team at the Aruba Surfside Marina. Also, thanks to the Aruban government for their help in sponsoring a tag and for their hospitality during and after this year’s tournament.

Presidential Challenge Series Sponsors

About the Presidential Challenge

Charitable Foundation, Inc.

Proceeds from the Presidential Challenge Events will benefit The Billfish Foundation Central America Billfish Management Project, the Adopt-A-Billfish Satellite Tagging Program and the IGFA Take Marlin Off The Menu program.

Visit our website at:

The Presidential Challenge Charitable Foundation, Inc. is an independent not-for-profit 501(c)(3) corporation. A copy of the official registration and financial information may be obtained from the Division of Consumer Services by calling toll-free (800-435-7352) within the state. Registration does not imply endorsement, approval, or recommendation by the state.” CH # 24910


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

Categories: Business, Costa Rica
Comments: No Comments
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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