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Costa Rica’s Foreign direct investment begins to recover

QCOSTARICA - The prediction that Costa Rica would be well positioned as an investment center as the pandemic slows down is fulfilled, according to the analysis of the Costa Rican Coalition of Development Initiatives (CINDE), which hopes that in 2021, the country will attract...

Amazon announces the opening of a new cloud services office in Costa Rica

QCOSTARICA - Amazon Web Services, Inc. (AWS), a division of the Amazon company, announced the opening of its first Central American office in Costa Rica to provide cloud computing services. The company, in a statement Thursday, said it will hire highly qualified professionals for the...

Export of services stagnated in 2020, after 10 years of sustained growth

QCOSTARICA - The value of services sector exports, excluding tourism, stagnated last year, after experiencing a 99% increase between 2010 and 2019. This is revealed by a recount of figures requested from the Costa Rican Coalition of Development Initiatives (CINDE) and a report from the...

Services, medical industry and teleworking cushioned the fall in foreign investment

QCOSTARICA - In a pandemic year where global value chains were broken, key economies for Costa Rica fell and a very strong drop in global investment flows was estimated, foreign companies continued to invest in the country. The information compiled by the Banco Central (Central...

Costa Rica is the second best destination in the world for foreign investment in tourism

Having 6.5% of the world’s biodiversity in just 0.03% of the world’s territory and talent as its flagship differentiating resources amazes more than one from the moment they set foot on Costa Rican soil. Just like it did to fDi Intelligence’s judging panel who chose...

Bilingual? Cinde will offer more than 3,000 jobs at fair

Those who are looking for work and speak at least two languages may participate in the Cinde Job Fair, which will offer 3,000 positions by more than 50 different leading companies and academic institutions. The Costa Rican Coalition for Development Initiatives (Cinde) announced that the...

Costa Rica Announces Record of 16,718 New Jobs through FDI in 2019

Costa Rica's Investment Promotion Agency (CINDE), in its 2019 performance results report said its work directly contributed to the country's Sustainable Development Goals (SDGs) as set by the United Nations. The Minister of Foreign Trade, Dyalá Jiménez, highlighted the results: “Once again Costa Rica has...

New Financial Services Center

Stryker, a medical technology company, opened a new financial services center located in the province of Heredia, from where it will support all its financial activities in the Americas. The operation is in San Antonio Business Park, in Heredia, where the company opened its offices...

Another call center announces closing of operations in Costa Rica

Another call center, Getinge Group, a Swedish company, will close operations in Costa Rica by August. This was confirmed by the Costa Rican Coalition of Development Initiatives (CINDE). The company will move its operations to Europe, to restructure its business model and, for now, it...

IBM consolidates Costa Rica as an international expert with the expansion of its Security Operations Center

IBM, at an official event on Thursday, April 4, 2019, featuring the participation of the Government of Costa Rica and the Coalición Costarricense de Iniciativas de Desarrollo (CINDE) - Costa Rican Investment Promotion Agency -  announced the expansion of its Global Security Services Center,...

WeWork Starts Operations in Costa Rica

Press Release (Cinde)-  New York-headquartered WeWork announces the opening of operations in San Jose, Costa Rica and is expected to be operational by the end of 2019. The company, with over 101 locations globally, aims to transform the local business while leveraging Costa Rica as...

Hewlett Packard Announces Expansion, Will Hire 120 More Workers for Supply Chain and R&D in Costa Rica

Hewlett Packard Enterprises (HPE) continues its expansion in Costa Rica. On Friday, the company celebrated the grand opening of its new offices located in America Free Zone, where all its 7 floors were remodeled with a total investment of US$11 million. The company will also...

‘It Starts With a Coffee’: How Conversation Can Help Investors Avoid Pitfalls in Costa Rica

Costa Rica’s easygoing lifestyle and laid-back, “pura vida” vibe has been a godsend for tourism, but it has sometimes had a negative side effect: turning off other investors accustomed to a more expedient way of doing business. It doesn’t have to be that way, says...

Multinational Companies Generated 13,754 New Jobs in 2017 in Costa Rica

The Coalición Costarricense de Iniciativas de Desarrollo (CINDE) - Costa Rican Investment Promotion Agency -  and the Ministerio de Comercio Exterior (COMEX) - Ministry of Foreign Trade - revealed that 2017 was a positive year for Costa Rica thanks to the 40 investment projects attracted...

Medical Device Companies Give Life To A New Consortium In Costa Rica

It is estimated that this year the exports of medical devices - mainly industrial export from Costa Rica - will reach US$3 billion dollars, an increase of 22% over last year. This growth prompted ten companies medical device manufacturing and exporting companies to join forces...

Costa Rica’s Agroexports Keep Slight Advantage Over Medical Devices

QCR BUSINESS - The value of exports from the agricultural sector remains slightly as the main generator of foreign exchange in the country, despite strong growth in the last four years in the value of sales of precision and medical equipment. In the first half...

Costa Rica’s Ambassador Stands at Intersection of Science and Diplomacy

Years after it was discredited, President Donald Trump continues to parrot the theory that lifesaving vaccines cause autism. And up until his inauguration, he insisted that global warming was a “total hoax” perpetrated by China to destroy the U.S. economy. In early March, Scott...

Costa Rica Will Host the Largest Latin American Forum in the Life Sciences Industry

(QCOSTARICA) -- For the third time, Costa Rica will host the largest Latin American forum in the Life Sciences field: the Life Sciences Forum 2016, an event organized by the Costa Rican Investment Promotion Agency (CINDE). The forum will gather some 350 international and national...

Amazon Looking To Hire 1,500 To Expand Costa Rica Operations

(QCOSTARICA) Great news for those looking for work or to improve their current, Amazon.com plans to hire 1,500 full-time positions to support the increase of operations in Lagunilla and Calle Blancos. The online electronic commerce and cloud computing company is seeking customer service associates and...

CINDE Recognized As Best Agency to Attract Investment in Latin America by Site Selection

  (QCOSTARICA) The Costa Rican investment promotion agency, CINDE, that woos multinational companies to settle in this country has earned an award from Site Selection Magazine as best in the region for attracting business to Costa Rica. The hard-working agency has for decades wooed dozens of...

Medical Devices Keep Up Momentum in Costa Rica

QCOSTARIA - Some 63 foreign companies in Costa Rica operate facilities for manufacturing medical supplies and devices in areas such as neuromodulation, dentistry, cardiovascular, orthopedics and endoscopy. At the end of 2014 exports of medical devices totaled US$1.9 billion, ie 19% more than reported in...

Bilingual Job Fair Attracts Thousands

QCOSTARICA - This past weekend, thousands of Costa Rican job seekers visited the CINDE Bilingual Job Fair in San José. They got to meet with representatives from over 50 companies looking for qualified candidates. Many of the companies were multi-nationals. They were looking for people...

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