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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

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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.


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.

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.”





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.




Cartagena Chamber of Commerce with Local Businesses in Orlando

from facebook: Mar Y Sol Twin Hull Boats, Inc.

Theresa Biemer, COO and Domingo Bernardo, President and CEO (center left) of Mar y Sol at round table discussion about Colombia.


From the Board Room at the Hispanic Chamber of Commerce Metro Orlando where a group of Florida businesses learned from V Adm José Alfonso Diaz, president of Cartagena Chamber of Commerce the development, growth and interest in Colombia business.


Domingo Bernardo, president and CEO (far right) of Mar y Sol at chamber meeting in Orlando

Domingo Bernardo, President and CEO of Mar y Sol listens to V Adm José Alfonso Diaz of Cartagena Chamber of Commerce at a recent meeting. The meeting was hosted by the Hispanic Chamber of Commerce Metro Orlando. They have been actively working to promote trade with Colombia and invited local businesses to this meeting.




Costa Rica – Nicaragua Border Easier to Cross for Cargo

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Published on: 2012/10/17

from:  Prohíben trámites en Aduana de Peñas Blancas – CentralAmericaData :: Central America Data.

Terrestrial traffic often takes up to 3 days to cross the Nicaragua – Costa Rica border.  This increases substantially the cost of products that need to enter or leave Costa Rica.

The customs department is taking steps to remove this delay.

Customs Procedures in Peñas Blancas Prohibited

In order to speed things up at Costa Rica’s main border, from November procedures must be made from companies or other customs offices.

Wednesday, October 17, 2012

In April, an article in noted that, at the Peñas Blancas office, “truckers have been taking up to two days to complete the formalities and reviews and be allowed to pass over to the Nicaraguan side.”

Now, the Directorate General of Customs in Costa Rica has decreed that “From November carriers passing through the customs at Peñas Blancas, on the border with Nicaragua, will complete the steps from their company offices or other customs offices located in various parts the country, because in the booths at the border it is no longer allowed. ”

The Director General of Customs, Gerardo Bolaños, said the aim of the measure is “to turn this office into a thoroughfare, not a place of paperwork. The option of carrying out the paperwork elsewhere has always existed, but it has never been an enforced measure, and is not always done; in addition, the current infrastructure has made this exit post a bottleneck, meaning that time gained in doing the processing [in advance]was lost in when it came to driving through. ”


Prohíben trámites en Aduana de Peñas Blancas

Para acelerar el paso por el principal paso fronterizo de Costa Rica, a partir de noviembre los trámites se deberán realizar desde las empresas o en otras sedes aduanales.

Miércoles 17 de Octubre de 2012

En abril, un artículo en señalaba que, en la Aduana de Peñas Blancas, “los camioneros se tardan hasta dos días en realizar los trámites y revisiones y quedar autorizados para pasar al lado nicaraguense.”

Ahora, la Dirección General de Aduanas de Costa Rica decretó que “A partir de noviembre los transportistas que pasen por la aduana de Peñas Blancas, en la frontera con Nicaragua, deberán realizar los trámites desde su empresa o en otras sedes aduanales ubicadas en varias partes del país, pues en las casetillas de paso ya no será permitido.”

El Director General de Aduanas, Gerardo Bolaños, explicó que el objetivo de la medida es “convertir esta aduana en un lugar de paso y no de trámites. La opción de hacer la papelería en otros lugares de manera previa existe desde hace tiempo, pero al no ser una medida obligada, no siempre se hace; además, la infraestructura actual convertía la salida en un embudo, por lo que el tiempo ganado en trámites se perdía igual al pasar.”


Fast Food Still Booming in Costa Rica


While Chili’s and Buffalo Wild Wings open their first branches inCosta Rica, the established Applebee’s, SubwayQuizno‘s,McDonald‘s, KFC and Teriyaki have increased their investments.

Before the end of the year, Hooters will open its fourth restaurant on Paseo Metropolis, in Cartago, east of San José, with an investment of $1 million.

By 2014 the franchise hopes to double the number of stores nationwide.

Besides the opening of restaurants, the chain plans to build a training center to provide training to their employees.

Meanwhile Chili’s chain will open its second restaurant at the end of the year in the Plaza Lincoln Mall in Moravia and plans five more in the next three years.

With an investment of $700,000, Buffalo Wild Wings last week opened its restaurant in Plaza Tempo, in Escazú, and plans to open four more stores in 2014.

Costa Rica Opening 11 New Hotels This Year


The hotels just keeping opening up in Costa Rica!  And why not enjoy the Costa Rican climate, waters, fishing, people and much more!


Of the eleven openings, eight are located in the greater metropolitan area and the rest are in the province of Guanacaste.  With an investment of $15 million, the opening of the 128 room Courtyard by Marriott is planned for next month in Alajuela. And in 2013 four new hotels targeting executive tourism will come into operation.










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Costa Ricans Love Obama’s Health Care Reform

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Published on: 2012/10/05

Costa Ricans Love Obama’s Health Care Reform.

All those new medical devices means a lot more sales for the medical device manufacturers in Costa Rica.  The rationed care means more medical travel to Costa Rica.

Costa Ricans Love Obama’s Health Care Reform

obama care costa rica

Obama’s new health care reform will provide a windfall of business opportunities for businesses in Costa Rica. Because forcing every American to have health insurance, will create between 20-40 million new patients in the US with access to medical services and that in turn create the need for the acquisition of more medical devices. Costa Rica’s Medical Devices industry is flourishing and has grown tremendously over the past few years, because Costa Rica is a low risk, cost competitive location for medical devices manufacturing operations.

Costa Rica is well positioned to provide additional medical devices for needy Americans, as it is home to 40+ Medical Device companies, including worldwide leaders such as Covidien, Boston Scientific, Baxter Healthcare, and St. Jude Medical. Additionally, Costa Rica is also home to pharmaceutical and biotechnology companies such as GlaxoSmithKline, Stein Labs., DSM, among others.

Cartago Costa Rica booming with growth and investments

Categories: Business, Costa Rica, CR Living
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Published on: 2012/10/04


Urban growth in the east of the Costa Rican capital is underpinned by investment proposals in the Special Economic Zone of Cartago.


The achievements of investment attraction in the province include the opening in November of Paseo Metropolis and the opening of the first phase of Oficentro Terra Campus Corporativo, said Silvia Hidalgo, Director of the Center for University-Industry Links at the Tecnológico de Costa Rica College.

The arrival of the commuter train to Cartago from San Jose by the end of the year, the purchase of land for new facilities for the Max Peralta Hospital, and the construction of a bridge between Taras and Cartago to facilitate flow of access to the city, are infrastructure projects that have been supported and promoted by the economic zone of Cartago.

An article in quotes Silvia Hidalgo saying, “In the future the creation of a science and technology park is envisioned to allow further growth in research and production.”


Paseo Metropolis Cartago Costa Rica

Another U.S. Restaurant Chain Comes to Costa Rica


Committed to bringing the world bold and distinct flavors, Chili’s® Grill & Bar recently introduced Costa Rica residents to their first taste of the restaurant company’s Southwestern-inspired, classic American favorites and upbeat environment. Costa Rica, which was recently named the happiest country in the world by the New Economics Foundation’s Happy Planet Index (HPI), warmly embraced the American brand when the doors of the first restaurant opened earlier this month in the vibrant center of the country’s capital at Centro Comercial Multiplaza in San José.


chilis restaurant multiplaza escazu costa rica

Colombia to invest $2.2B in road infrastructure

From: Colombia to invest $2.2B in road infrastructure – Colombia news | Colombia Reports.

Colombia‘s Infrastructure Agency announced a plan on Friday to invest $2.2 billion on new roads in the country.

Director of the National Infrastructure Agency Luis Fernando Andrade officialized the scheme which will begin at end of the year with the construction of six new road projects, reported La W Radio.

The first six roads constructed will include a dual carriageway between the northern cities of Barranquilla and Cartagena.

The agency expects to complete the project in the first half of 2014 with 60% of the funding for projects coming from revenues and the other 40% from the government

Be sure you visit about and on our website!  Mar y Sol loves Colombia!


Employment Increase Is Expected In Costa Rica

From: Employment figures could increase to 18 percent in last quarter / News Briefs / Current Edition / Costa Rica Newspaper, The Tico Times.


A study released this week by consulting firm Manpower Group indicates that 23 percent of employers in Costa Rica expect to increase their staffs for the last quarter of this year, while 72 percent expect no changes, and only 5 percent are considering cutting staff.

According to the projections, employment rates for this period would reach 18 percent growth.

Results were based on interviews with 620 employers and show an improvement over previous quarters.

For the first quarter of 2012, 26 percent of employers were considering hiring more workers. The percentage dropped to 20 percent in the second quarter and for the third, only 18 percent said they expected to hire more people.

According to the survey, the provinces of Cartago and Alajuela registered the biggest potential growth in hiring. The most promising sector for job openings is construction, with 22 percent, followed by transport and communications, where employers estimated to increase hiring by up to 27 percent, the study said.

Canadian Westjet Airlines Increases Flights To Liberia Guanacaste

From: Westjet Airlines Increases Flights To Liberia Guanacaste | Costa Rica News.


Westjet, the low cost airline from Canada will begin to fly to Liberia from late October on a regular basis.

The airline presented last Friday before the Civil Aviation Technical Council (Cetac) a request to fly from Toronto Daniel Oduber Airport from 29 October.

WestJet Airlines - high times

The firm would serve the route twice a week, with the country at noon arrival and departure to the north at 8:30 p. m., confirmed a few minutes ago Luis Carlos Araya, Deputy Air Transport. Araya hopes that the approval for the airline does not exceed the month.

He added that the arrival of this new airline to the country is part of the open skies agreement, which took effect in August last year.

NY Based Thomson Reuters Expands Into Costa Rica

Thompson Reuters

via: Thomson Reuters Opens Financial Operations Center in Costa Rica | The Costa Rica News.

an Jose – This past week, Thomson Reuters opened a new operations center in Costa Rica that will support financial receivables of the company and other activities related to customer transactions.


The headquarters in San Jose, inaugurated today by President Laura Chinchilla, is the only hub aligned with customers in the Western Hemisphere and will support the expansion of Thomson Reuters in Latin America, the company said.


Custom SCUBA Charter Catamaran

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Published on: 2012/09/13

SCUBA charter boat

This SCUBA boat is specially designed by our engineering team who personally understand what is important for your diving adventures (one engineer is an ex-US Navy Diver).

This 30’ (9m) hull sports a wide beam with ample room for your diving guests.  The cushioned double seats provide storage for personal items for up to 18 passengers.  Twenty-six tanks (more are possible) are securely fastened to the gunnels yet readily available and protected from the Caribbean sun with a solar fabric roof.

Safe and easy water entry is allowed with the wide port and starboard dive ladders.  The pilot console is placed starboard side for greater visibility and safety of your diving guests.

See below for a concept video and high resolution conceptual drawings.  Contact us for more information, or view our custom boats web page, here:



Costa Rica Attracts Americans for High Quality Dental Care

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Published on: 2012/09/09

From:  Americans Reject U.S. Dental Care in Favor of Lower-Cost Options Overseas – Inside Costa Rica | Inside Costa Rica.

Increasingly, U.S. patients in need of dental care are opting to go overseas where equivalent treatments are a fraction of what they cost back home – a recent report from the overseas experts at reveals. For less than the cost of treatment alone in the United States, a patient can receive high-quality care—and a vacation—abroad.

Dental care costs have been increasing rapidly in the U.S. in recent years. However, only 55% of U.S. residents have dental insurance so almost half are forced to pay out-of-pocket for dental work.

I lost my dental insurance along with my job in the recession and I needed over $2,000 in dental work,” said American Starr Daubenmire in’s report.

“I could either go to my home-town dentist, just 10 minutes from my house, and spend $2,100 in a few hours—or I could get the same work done in Costa Rica and have a 10-day vacation, too, for about $2,600.”


Costa Rica Still A Preferred Destination In Latin America

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Published on: 2012/09/09

From:  Costa Rica Tourist Arrivals Increase 7.4% | The Costa Rica News.

San Jose – Costa Rica continues to be one of the preferred destinations for tourists in Latin America.

Reports provided by the Directorate General of Immigration (DGME) and analyzed by the Costa Rican Tourism Institute (ICT) indicate that Costa Rica received 1,285,599 international visitors during the first six months of the year, which represents an increase of 7, 4% over the same period in 2011.

Juan Santamaria International Airport

The airports report the largest number of arrivals (70%). A total of 856,672 international visitors arrived by air, 50,021 more arrivals in comparison with last year. This number represents a growth of 6, 2%.

Juan Santamaria International Airport had 655,530 arrivals, while Daniel Oduber International Airport in Liberia received 198,913 arrivals, an increase of 26% in comparison with 2011.
The majority of visitors came from the United States, Canada, and Mexico.


U.S. Company Amazon Will Invest $25 million in Costa Rica in 2013

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Published on: 2012/09/09

From:   Amazon Will Invest $ 25 Million in Operations in Costa Rica | The Costa Rica News.


The U.S. company Amazon opened its third customer service center in Costa Rica, which will generate 1,800 jobs by year end and will represent an investment of $ 25 million in 2013, the company said.

With this new investment, Amazon becomes one of the top 15 companies generate employment in the services sector, which now total about 34,000 direct jobs,” said Foreign Trade Minister Anabel Gonzalez during the inauguration.


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