Wednesday 23 June 2021
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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...

President Alvarado defends lifting bank secrecy, that “it does not affect honest people”

President Carlos Alvarado said earlier this week that lifting bank secrecy should not be a concern for honest people or for any business person or investor, nor should it be an excuse to defend "things that affect the country." “The lifting of bank secrecy does...

Foreign Investment in Costa Rica Down 3.2%, Report

In 2018, the countries of Central America received US$12.7 billion in Foreign Direct Investment (FDI), and with the exception of Honduras and Panama, the rest reported falls from 53% in Nicaragua to 3.2% in Costa Rica. According to the FDI report, inflows to Panama amounted...

Dollar Exchange Takes A Nose Dive!!!

The dollar exchange dropped almost ¢5 colones overnight, going from ¢578.21 for the sell and ¢589.05 for the buy on Monday, to ¢572.15 and ¢578.29, respectively, this Tuesday. On the Monex market, the dollar traded at ¢575.55 on Monday, ¢3.32 lower than Friday's close, almost...

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,...

Unions threaten President Alvarado’s trip to the U.S. this month

The strike by public employees against the plan fiscal (tax reform) could truncate a trip abroad by President Carlos Alvarado, planning to make his first appearance at the 73rd general assembly of the United Nations (UN) and in search of foreign investments. The president's trip...

Cuban Farmers Shrug Off Promise of Private Ownership

MATANZAS, CUBA — Cuba’s decision to change its constitution and allow private property ownership has been shrugged off by small farmers, who say the island will never feed itself without far broader reform of state-run agriculture. Economists would expect farmers to welcome the shift towards...

Cuban reforms stress free market, private property and investment

Cuba is planning a series of potentially far-reaching changes, with a new constitution set to recognize the free market and private property, while dividing political powers between a president and a prime minister. Cuban President Miguel Diaz-Canel is said to be more accessible than the...

Thousands of Jobs and Millions in Foreign Investment At Risk in Costa Rica If Trump Wins

QCOSTARICA - U.S. presidential candidate Donald Trump's promise to limit foreign operations raises concerns in Costa Rica, where thousands of jobs and millions of dollars in foreign investment could fizzle from the country, if he is elected. For this reason, among others, many in Costa...

President Solis Fears Higher Unemployment, Accepts Some Of The Blame

(qCOSTARICA) A possible deterioration in employment opportunities, particularly among the poorest areas of the country, has President Luis Guillermo Solis worried. He expressed his concern on Friday, after learning of the Banco Central's (Central Bank) 2015 national economy growth projections dropping from a forecasted 3.4%...

Costa Rica Foreign Direct Investment Falls 21%

QCOSTARICA - The slowdown in economic activity in 2014 was also reflected in the decline in foreign direct investment, which reached $2.106 billion, 21% less than in 2013. From a report issued by the Central Bank of Costa Rica (BCCR): In 2014, operations with the external...

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