The objective of the Masters Degree is to train professionals to apply their knowledge acquired in the improvement of manufacturing activities and to serve the needs of the industry.
From a statement issued by the Costa Rican Coalition for Development Initiatives (CINDE):
TEC Opens First Master of Engineering in Medical Devices in Latin America
Citi Financial Group is expanding operations at its shared service center in the country, where it caters for operations of the corporation at a global level.
From a press release issued by Citi:
CITI EXPANDS OPERATIONS WITH OPENING OF "CAMPUS CITI"
The President of Costa Rica Luis Guillermo Solis joined Citi in the official opening of its new facilities.
The sector received 43% of the foreign direct investment that came into the country in 2013.
In 2013, $1.16 billion was invested by foreigners in real estate in Costa Rica, a record according to information from the Costa Rican Coalition for Development Initiatives (Cinde).
Nacion.com reports that "for three consecutive years this sector has had the most weight within the composition of FDI in the country, while other traditional sectors are losing ground."
The company has announced the phased closure of the operation in the country and the laying off of 1,500 workers over a period of 9-12 months.
In addition to the service center specializing in finance and technology in Costa Rica, the U.S. bank will also cease operations in the Philippines and Mexico, as part of an overall process of re structuring of the company.
The microprocessor manufacturer's potential exit from the country opens the analysis of the impact this could have on the Costa Rican economy.
Several media outlets in Costa Rica reported on friday their versions of Intel's abandonment at least in terms of its manufacturing operations. According to reports by Crhoy.com, the reasons for the chipmaker's potential closure of operations, are likely to be related to an ongoing restructuring business strategy at the global level, and also some uncertainty about the fiscal policy in Costa Rica.
The Presidential candidate Luis Guillermo Solis has promised to respect the contract with the Dutch company APM for the construction of a new container dock at Moin.
The likely winner of the presidential election has backtracked on his campaign ads which stated he would "review the ports concession contracts."
During a meeting with members of the Costa Rican Coalition for Development Initiatives (Cinde), Luis Guillermo Solís, presidential candidate of the Citizen Action Party (PAC), said that a new government would respect the contract that was signed two years ago with the Dutch firm APM Terminals to build a new container dock in Moin, Limón, with an investment of $1 billion.
The multinational has announced investments of $31 million to expand its plant in Cartago and open a new service center in Heredia.
From a press release by the Ministry of Foreign Trade:
With an investment of $31 million, the company Kimberly-Clark (KC) will strengthen its manufacturing operations and services in Costa Rica. The company will invest $27 million in its new plant in Coris, Cartago, plus an additional $ 4 million for a new Shared Service Centre located in Heredia and which will support its business network throughout Latin America.
In 2013 43 foreign high technology companies invested in the country.
From a press release issued by the Costa Rican Coalition for Development Initiatives (CINDE):
Costa Rica ended 2013 with good news in the area of attracting Foreign Direct Investment (FDI) in high technology and light manufacturing. The country became host to 43 new investment projects which generated, along with the companies who set themselves up there, $583 million and 7,123 new jobs in the sectors of services, life sciences and advanced and light manufacturing.
With an investment of $5 million Gualapack Costa Rica has opened a manufacturing and distribution center for flexible packaging for food industry mixtures.
A press release from Costa Rican Coalition for Development Initiatives (CINDE) reads:
Gualapack Costa Rica, member of Grupo Gualapack today officially opened the doors of its modern manufacturing plant and distribution center for flexible packaging for food industry mixtures.
Foreign direct investment in the country rose by 15%, while in the free zones where businesses are exempt from income tax, the growth rate was 53%.
During the first half of 2013 free zones received $360 million while in the same period of 2012 the figure was $235 million, which is an increase of 53%.
According to information from the Central Bank of Costa Rica, "in general, FDI in the first half rose by 15% compared to the same period in 2012 and amounted to $1.335 billion, strengthening its growth after the drop of 2009 " reported Nacion.com.
The transnational has announced the expansion of its service center in Calle Blancos which will go from occupying 3,000 m² to 7,000 m².
"With this, the total area occupied by the company in Costa Rica at the end of 2013 will be around 23,000 m². Amazon has three service centers in Costa Rica," explained the company.
For this reason the company is going to hire 700 people who are fluent in English, Portuguese and Italian, to occupy positions in areas such as customer service, and human resources management, among others.
In the last year the country has built about 120 thousand square meters of new class A and AB office spaces, and recorded an availability rate of 11.9%.
In recent years, Costa Rica has become one of the major markets for offices in Latin America, ranking eighth in creation of supply in this sector, according to a study by the US real estate firm Jones Lang LaSalle (JLL).
On 26 and 27 November, the Hotel Real Intercontinental in San Jose, Costa Rica will host a business meeting between China and Latin America.
The China Latin America and the Caribbean Business Summit is the most important business meeting for trade and investment between Latin America and the Asian giant, which seeks to promote and strengthen trade and investment opportunities which have opened up between China and Latin America in recent years.
The English company has officially announced the installation of a center for information technology and software development for the financial industry.
The company did not specify the amount of the investment, but said it intends to hire 300 people.
From a press release from the Presidency of Costa Rica:
This morning over a breakfast with foreign businessmen held in New York by the Costa Rican Coalition for Development Initiatives (CINDE) which included the participation of President Laura Chinchilla and Foreign Trade Minister, Anabel González, the English company Rule Financial Services publicly announced its decision to install in Costa Rica a modern center for information technologies and development of specialized software for the financial industry.
The new brand image for the country will promote tourism, boost exports and attract investment.
From a press release by the Ministry of Foreign Trade (Comex):
esencial COSTA RICA henceforth will be a national brand that Costa Rica will use officially to present its international image to the world.
The Ministry of Foreign Trade (Comex), the Costa Rican Tourism Institute (ICT), the Foreign Trade Promotion Office (PROCOMER) and the Costa Rican Coalition for Development Initiatives (CINDE) revealed the new country brand to be used as a tool for positioning, differentiation and competitiveness of Costa Rica to potential investors, tourists and international buyers of Costa Rican products.
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