Costa Rica: Plague Threatens Orange PlantationsThursday, April 15, 2010 Called “yellow dragon”, this plague originally detected in Nicaragua is threatening Costa Rica’s orange plantations. The State’s Phytosanitary Service (SFE), part of the Agriculture Ministry (MAG), stated that the bacteria known as “yellow dragon” (Huanglongbing (HLB)), has traveled through the Caribbean coast from Miami to Belize, Honduras, Cuba, Dominican Republic and Nicaragua. Costa Rica Technology InsightFriday, May 22, 2009 Its 6th edition will be held in June 3 - 4 during Costa Rica’s Services Summit, a business conference organized by Procomer and CAMTIC. The event will be held at the San Jose Palacio Costa Rica Hotel in San Jose. China plans to exports to the region from Costa RicaTuesday, January 20, 2009 Costa Rica hopes use the FTA with China to capture production investment from Chinese companies which will export their products throughout Central America China plans to use Costa Rica as the bridge to export to the other countries with which the Central American country has trade agreements, such as Mexico, the United States and Canada. Remittances Through Costa Rica's Postal ServiceWednesday, September 9, 2009 The State's Postal Service, "Correos de Costa Rica", commenced a pilot plan for sending to and receiving money from Nicaragua. Starting February, the service will be expanded to Spain, Uruguay, Chile, Colombia, Argentina and Peru. Who is to blame for the non-existence of a stock market?Monday, February 16, 2009 An analysis suggests that the lack of a stock market is not the fault of businesses or investors, but of the system. In his blog in Elfinancierocr.com, Allan Rodriguez, Founding Member and General Manager of Group CFS, analyzes in two successive posts how much costs are implied by the productive economy not having a stock market from which to obtain financing as several causes of the problem. BICSA launches $50 million debt issueMonday, June 16, 2008 The International Bank of Costa Rica (Banco Internacional de Costa Rica) has launched a debt issue in Panama with a maturity of three to five years. With capital payments on maturity and quarterly interest payments the issue will be for 50 million dollars in series. Chaos at Customs Border PostMonday, April 9, 2012 The Costa Rican customs office at Penas Blancas, on the border with Nicaragua, is going through social and commercial chaos pending reforms in infrastructure and procedures. Delays in the passage of trucks carrying goods are causing major losses to exporters, although business chambers have not conducted any specific studies, said Mario Montero, executive vice president of the Costa Rican Chamber of the Food Industry (Cacia). Costa Rica will apply rigorous tests to meat from NicaraguaMonday, October 20, 2008 Costa Rican Sanitation Authorities agreed to apply a strict test to the meat coming from Nicaragua The tests come as a result of suspicions regarding the presence of the bacteria E. coli in a shipment which arrived in the United States this week. Nicaragua and Costa Rica analyze border tourismFriday, August 22, 2008 Leaders of the bi-national commission decided to ask authorities from both countries to open a new border crossing, and to reopen the old "Transit Route" on the San Juan river. The request was presented during the celebration of the V Bi-national Tourism Encounter between the authorities from both countries and the mayors from the zone, both from Costa Rica and from Nicaragua. The meeting was held at the Port of San Juan del Sur. Very Little Bank Use by Nicaraguans in Costa RicaMonday, May 18, 2009 The Academy of Central America heads a group of companies and institutions seeking to promote the use of banking services in this sector. With funding from the Inter-American Development Bank (IDB) and the Office of Technical Cooperation of Spain, the project seeks to combat poverty in this immigrant sector, for which it is implementing different methods, including lower remittance costs, by intensifying the use of banking services such as savings accounts. More Costa Rican Investment in NicaraguaMonday, September 8, 2014 Investments by Costa Rican companies in their neighboring country went from $2.43 million in 2010 to $67.7 million in 2013. Installation of production facilities, maquila subcontracts or transfer of part of the production process are part of the investment models that Costa Rican businessmen are utilizing in order to minimize the negative effects of the high production costs prevalent in Costa Rica and to stay competitive at the level international. Costa Rica to Host Medical Tourism CongressFriday, December 16, 2011 Organized by the Council for the International Promotion of Costa Rican Medicine, the third Latin American Medical Tourism Congress will be held from the 23rd to 25th April, 2012. The event will be held at the Hotel Real Intercontinental and is expected to be attended by 500 guests. $60 Million for Costa Rica – Nicaragua HighwayFriday, April 3, 2009 The new stretch of highway will shorten the distance between the Atlantic ports of Costa Rica and Nicaragua. The $60 million were loaned by the Andean Promotion Corporation (CAF) and they are intended for the "Atlantic Corridor Investment Program," which includes projects in Bajos of Chilamate and Vuelta Kooper (the stretch of highway between Limón and Nicaragua,) and a new bridge over the Sixaola River on the border with Panama. Company Profile Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
Colombia Expands Protection to Local IndustryThursday, January 31, 2013 Central American exporters are on alert after the Colombian government decided to increase the protection for domestic footwear and textiles industry. These measures will apply to imports from those countries Colombia does not have a Free Trade Agreement (FTA) with. In addition, a subsidy will be granted to the coffee sector totalling around $44 million. |
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