Panama’s Attractive LogisticsThursday, July 12, 2012 The infrastructure that has been installed ensures that agricultural products are processed competitively and with high levels of quality in regard to their preservation. Vice Minister of Foreign Trade of Panama, Jose Pacheco, stressed during his visit to facilities of the company Galores, who specializes in cold storage, that multinational corporations see Panama as the best option in terms of logistics because of the Panama Canal, the Hub of the Americas and port facilities. " Hotel Investments in GuanacasteMonday, May 29, 2017 The hotel projects planned in the tourist province of Costa Rica over the next three years include the opening of new establishments and the expansion of others. The strong growth in tourism in Costa Rica and the potential that the country still has to continue exploiting this activity is one of the main reasons behind the investments projected for the region where the largest tourist supply in the country is concentrated. See: "Costa Rica's Inexhaustible Tourism Potential" Energy From Solid WasteTuesday, April 29, 2014 The American company Wastelectric has announced that it will invest $390 million in Costa Rica in a solid waste gasification plant to generate 45 MW per month. The free trade zone in Coyol, Alajuela, would be the location of the processing plant measuring 40,000 m2 to recycle some 2,200 daily tons from 35 municipalities in the country. It is estimated that the energy generated from the process will be enough to supply approximately 108,000 households. Fall in Hotel Construction in Costa RicaFriday, February 28, 2014 In 2013 the number of building permits requested for hotel establishments across the country dropped by 62% compared to 2012. The number of square meters authorized in the last 12 months between February 2013 and January 2014 fell to 47,515 m2 compared with the 126,036 m2 in the previous period, according to the Costa Rican Chamber of Construction. Costa Rica clears constitutional hurdles for CAFTAFriday, October 31, 2008 The Costa Rican Constitutional Court approved the last law project for the trade agreement by ruling that it does not have any defects. Said law is the "Law that reforms several regulations for matters relating to intellectual property," known in the legal environment as "project 12" and which, according to the court, has constitutional foundation and procedures. The Market is Open, But Deals Arent Being ClosedThursday, July 4, 2013 For a year Costa Rica has had free rein to export to the U.S. ornamental plants measuring over 46 inches, a benefit that producers have failed to take advantage of. "We lack the capacity to meet quotas. There is no support from banks for investment plans and also the Foreign Trade Promoter is ... inefficient and is not channelling business, nor does it know about the market," said Carlos Quesada, manager of Grupo Siempre Verde. Mining fever in Costa RicaThursday, October 30, 2008 The end of a mining moratorium that was imposed by the Government of Abel Pacheco and which ended last July, caused a rush of miners to the country. Between July and September 2008 there were at least 203 requests for exploration permits above ground and and 14 below. Costa Rica's insurance opening delayed by snafu in legislatureThursday, June 12, 2008 The opening of Costa Rica's insurance market has been delayed – possibly by a month - by an error in the bill passed by the Legislative Assembly. The Constitutional Court, which has to approve the measure, says the minutes of a session of the assembly's special insurance commission are missing from the file that the court was given. Income from Tourism Up 7%Tuesday, July 3, 2018 Greater air connectivity is one of the factors that explains the increase in income generated from tourism activities in the first quarter in Costa Rica, when $1.182 billion was reported. The travel category, in the exports section of the Balance of Payments, is composed mostly of the expense of foreigners who arrive for holiday trips, and the increase reported in the first quarter, which is the high season, is attributed to good promotion of the country and better air connectivity. Costa Rican Fiscal Reform Won’t Happen TomorrowTuesday, September 21, 2010 Based on prior evidence, the much needed fiscal reform in Costa Rica may take a year and a half to become a reality. The country experienced a fiscal deficit of $997 million in the first 8 months of this year, 70% more than the same period of 2009. The Foreign Legal Counsel BusinessMonday, December 6, 2010 The largest Law firms in Costa Rica get 45% of their income from fees coming from abroad. The globalization has impacted the economies of Central America, embodied in free trade agreements, establishment of transnational corporations and the creation of service centers, generating a growing demand for legal services. This is essential as Central America is viewed as a single economic block. "Social Solidarity Economy" by DecreeTuesday, August 9, 2016 President Solis has signed a decree declaring of public interest the "promotion, development and formalization of businesses in the social solidarity economy", at the same time as a bill with the same concept is not advancing in the legislature. When the bill on the Social Solidarity Economy was presented in July 2015, the private sector expressed doubts about a concept that "... represents unfair competition against formal private companies and contributes nothing to the serious fiscal problems of the country, because it reduces the question of tax collections." Costa Rica: 2.7% Increase in Tourists ReportedTuesday, August 13, 2013 During the first six months of the year 1.32 million visitors entered the country, while in the same period of 2012 it was 1.28 million. The result is in line with the behavior of the international industry, as globally there was growth on average of about 4% between January and June, said Ruben Pacheco, president of the Costa Rican Chamber of Hotels (CCH). Multinationals in PanamaThursday, November 14, 2013 Under the benefits granted by the law 41 of 2007 to date, 96 Multinational Enterprises have registered in the country, and the figure is estimated to reach 100 by the end of 2013. This was confirmed by the Deputy Minister of Foreign Trade, José Pacheco. He explained that currently they are analyzing a group of companies interested in applying for the benefits for multinationals, " which we expect to evaluate and submit to the Licensing Commission soon, and we are confident that we will reach our goal." Inventory of Logistics Parks in PanamaMonday, October 28, 2013 These are areas where there are are concentrations of several activities related to the transport operators, storage and distribution of goods, for both domestic and international traffic. Capital.com.pa reports that the Foreign Trade Deputy Minister, José Pacheco, pointed out that right now an inventory is being made of logistics parks inside the oceanic area, as part of the activities of the Working Council on National Logistics, under the Technical Cooperation Project "Support for Panama's Logistical Plan" implemented by the Ministry of Commerce and Industry (Mici) and the Inter-American Development Bank (IDB) (See Charts: Logistics Parks assets and futures in Oceanic Area). |
|