To ensure financing for its future functions, the Costa Rican government will seek loans from the World Bank, IDB, CABEI and CAF during 2020, and plans to insist on the approval of $4.5 billion in Eurobonds.
For this year, the Costa Rican government plans to continue negotiating loans for budget support with the World Bank, the Inter-American Development Bank (IDB), the Central American Bank for Economic Integration (CABEI) and the Andean Development Corporation - Latin American Development Bank (CAF).
Pizza Hut, KFC and Subway are some of the fast food chains that plan to invest in opening new restaurants during 2020.
The Pizza Hut chain plans to invest close to $1.8 million in the opening of six new stores this year. The points of sale could be located in the areas of Aserrí, Paraíso de Cartago and San Ramón de Alajuela.
Bayer announced that it plans to expand the operation of its medical device plant and shared service center in Costa Rica in the coming years.
The increase in its presence in Costa Rica is part of the plan to adjust the operation in Central America, the Caribbean and the Andean countries, which the company will implement over the next two years.
Stryker, a medical technology company, opened a new financial services center to be 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 since last April, according to official information.
The Trump administration plan will be aimed at 30 countries of the continent and is called "America Crece", and consists mainly of the development of private investments, granting loans and sale of natural gas surpluses.
Improvements to Liberia's international airport in Guanacaste, with a $95 million investment, is the most important project the Costa Rican government plans to carry out in the next four years.
The Ministry of Public Works (Mopt) informed that the Daniel Oduber Quirós International Airport will receive a $95 million investment for the 2020-2024 period, in work to improve the taxiway, the reconstruction of the entire runway of almost 3 km in length, the reconstruction of the electrical system and expansions, which will involve more expropriations. This is one of the main investments, of the $160 million invested, in execution or to be allocated to local airports and aerodromes.
ETAfashion, dedicated to the sale of clothing, shoes and accessories, opened its second store in Costa Rica, in the Central Avenue of San Jose, in the old building of the Lehmann Bookstore.
Prior to the launch of its new store, the company operated a single sales point, which is located in the Lincoln Plaza shopping center in Moravia.
The group formed by Garnier & Garnier Desarrollos and Enjoy Group acquired 100% of the shares of Hotel Punta Islita, which is located in Guanacaste and was previously owned by Grupo Islita.
The companies participating in the transaction informed through a statement dated November 1, that after the sale of the hotel, the enclosure will undergo a process of improvement and expansion.
In order to attract tourism from Costa Rica, in the Panamanian province of Chiriqui, investments have been made in the construction of new shopping centers and the expansion of some existing ones.
In addition to plans to modernize the border crossings between the two countries, whose works will favor the transit of tourism, businessmen estimate that in the construction and renovation of shopping centers, Chiriqui has hoarded investments in excess of $500 million.
In Costa Rica, Concasa announced that it plans to invest $73 million in the development of four housing projects, which will be developed in the course of 2020 and 2021.
Company executives reported that the first project they will develop is called "Monte Alto", which is a complex of nine apartment towers, located in Curridabat and construction will begin in January 2020. For this project the company will invest $40 million.
The U.S. restaurant chain Olive Garden plans to open its first restaurant in the country in July 2020, and for 2021 and 2022 it plans to open two more points of attention.
The first location to be opened by the investment group AR Holdings, a member of Grupo Promerica, will be 450 square meters and will be in Escazu, and the estimated investment for this restaurant is $1.3 million.
A multipurpose tower in El Salvador, a logistics park in Panama and a corporate center in Guatemala are part of the investments planned for the coming months in Central America.
The interactive system "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private constructionprojects that are planned to be built soon.
Grupo Britt invested $7 million in the construction of its new 3,000-square-meter corporate center, located in the canton of Barva, in the province of Heredia.
Managers of the business group, which has presence in 13 countries, reported that the new building houses the service centers of the companies Café Britt and Morpho Travel Retail.
In Costa Rica, the company Matra, dedicated to the commercialization of machinery, invested $25 million in its new facilities in Coyol, Alajuela, with a construction area of 17 thousand m2.
The new facilities were built on a six-hectare site and include a truck workshop, paint shop, warehouse, offices, rental, exhibition area and machinery house.
The Mexican Volaris announced that so far, they do not plan to execute any growth plan in Costa Rica, because operating costs in the country will rise considerably in 2020.
Managers of the low-cost airline said that the increase in fares to Juan Santamaria airport scheduled for next year will represent a 59% increase in the operation cost of the company in the country.
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