Friday 9 December 2022

Nicaraguan businessmen set their eyes on Costa Rica

The situation that Nicaragua has been experiencing has meant Nicaraguan businesses looking to Costa Rica for new opportunities

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9 December 2022 - At The Banks - BCCR

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The owners of the Runway, NK Collection and Todo Jeans stores in Nicaragua plan to open at least five stores in Costa Rica over the next five years.

Runway recenlty opened its first of five stores in Costa Rica. Located in Santa Ana Town Center, it offers weomen’s clothing and accessories

The first step was taken when they inaugurated, on April 25, their first point of sale under the Runway brand in the Santa Ana Town Center shopping center, with an investment of US$200,000, creating direct employment for nine people.

Runway carries women clothing and accessories (shoes, costume jewelery, purses, makeup and glasses) for casual dress or special events.

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“We decided to invest in Costa Rica due to the situation that Nicaragua has been experiencing. Thus, we saw the crisis as an excellent opportunity to extend beyond our borders ” said Karen Fornos, one of the partners.

Recently other Nicaraguans have been investing in Costa Rica.

For example, the El Chele business group began its foray into Costa Rica earlier this year by opening the first of the five service points it wants under the  E.C. Rent a Car brand.

Its first is located near the Juan Santamaría International Airport (SJO), on road to Rio Segundo de Alajuela, and has a vehicle fleet of 120 units.

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