Costa Rica Tenders Northern Ring Road ConstructionFriday, March 22, 2013 The National Roads Authority is putting out to tender the design and construction of the ring road to be known as the "Circunvalación Norte". The international tender is for the design and construction of the "Circunvalación Norte", National Highway No.39, Section Uruca (National Route No.108) to Calle Blancos (National Highway No.109). Prepaid Cards Are ComingThursday, April 12, 2012 Although in Colombia, Venezuela and Peru use of pre paid cards is widespread in Central America they are only in the initial stages of implementation. Having successfully piloted in South America, MasterCard and Visa intend to introduce and expand the use of the prepaid card in Panama, where the use of this product is in an early stage, as well as the rest of Central America. Infrastructure Investment OutlookTuesday, February 1, 2011 Fitch Ratings discussed the 2011 outlook for the transportation and energy sectors in Latin America. Fitch expects that during 2011 infrastructure assets in Latin America will continue to be resistant to the global financial crisis. Moreover, the economic outlook in developed countries has magnified the importance of supportive regulations to keep adequate financial profiles in transportation projects. BCR Insurance Lands Brokerage AgreementsFriday, April 16, 2010 In Costa Rica, “BCR Corredora de Seguros S.A.”, an insurance broker, landed brokerage agreements with two new insurers: Alico and Magisterio. With the agreement, BCR becomes the first and only insurance brokerage to have agreements with three of the five insurers authorized to operate in the country. Camara Costarricense de Corredores de Bienes Raices Company Profile Organization that operates in Costa Rica.
Costa Rica: Regulations for Insurance BrokersThursday, October 21, 2010 Rules to be complied with in order to become an Insurance Broker have been set. Javier Cascante, director of the Insurance Superintendence , said the new provisions allow the transformation of an insurance agency into an insurance brokerage firm will be more agile and expeditious. Costa Rica: $450 million for Logistics InfrastructureTuesday, November 12, 2013 Authorities are negotiating a loan to finance road repairs up to the border of Peñas Blancas and Paso Canoas, and works on the Pacific ports. The Inter-American Development Bank (IDB) will lend $400 million and the remaining $50 million will be contributed by the Chinese Cofinancing Fund (FCC) . According to the Ministry of Public Works and Transport (MOPT), the project manager, in January the bill will be sent Congress for approval. More Insurance Brokers in Costa RicaMonday, May 7, 2012 The number of insurance intermediary companies grew by 75% from 8 to 14 in the last twelve months. The number of insurance brokers in Costa Rica is now 14, a significant increase, up 75% from March 2011 to March 2012. While the number of intermediaries has increased, the number of insurance companies in decreased to nine during the same period, a reduction of 11.4%. Costa Rica: BCR Insurance Extends Brokerage ServicesMonday, May 17, 2010 The company signed insurance brokerage agreements with ASSA and Mundial, becoming the first broker who has signed deals with the country’s five authorized insurers. “ASSA Compañía de Seguros S.A.”, was authorized to operate in Costa Rica on April 13, and Mundial received its authorization back on February 19. Costa Rica and Mexico Accelerate Pacific Corridor ProjectWednesday, July 14, 2010 Both governments reaffirm their commitment to building a road system that will cross seven countries from Mexico to Panama. The Mexican and Costa Rican Foreign Secretaries, Patricia Espinosa and René Castro, highlighted the importance of the project, “in facilitating the development of the Pacific Corridor by reducing transport times between Mexico and Panama from 190 hours to 59”. Costa Rica: Insurance Agents vs. BrokersMonday, August 23, 2010 The country's new insurance law restricts which products agents can sell but the restrictions do not apply to brokers. Insurance agents, due to their contractual relationship with insurance companies, can only offer their products. However, they may do this with different insurers at the same time, provided that these companies' products belong to different categories. The proposals to Build the Fourth Bridge Over the Panama CanalThursday, October 5, 2017 Four consortiums made up of companies from China, Spain, Italy and South Korea have presented their proposals to design and build a fourth bridge over the Panama Canal. The timeframe for building the work has been estimated at 42 months, and the estimated investment is over $1 billion. This project aims to connect the areas of Arraiján and La Chorrera, to the west, with Panama City, near the Canal Pacific sector. IDB Supports "Pacific Corridor" HighwayTuesday, August 24, 2010 The Inter-American Development Bank (IDB) has prioritized the project to construct a 3,200km road system from Mexico to Panama. The IDB has targeted $1,800 million annually to developing its "Mesoamerican Project". This program includes the Pacific Corridor highway network as one of its top priorities. Central America Defines Regional Corridor for Cargo TransportMonday, May 11, 2009 The plan envisages for all goods crossing Central America to go through a strong, fast and secure road infrastructure. Regional transport ministers gathered in Managua also agreed to seek funds for viable maintenance of the regional corridor. Mortgage BrokersWednesday, May 27, 2009 These agents are intermediaries in mortgage management, obtaining advantages regarding both interest rates and contractual terms for their clients. During the real estate boom in Panama, these intermediaries—people with good connections in the banking and real estate market—had foreign investors, generally from the U.S., as their main clients, assisting them in the process of obtaining mortgages for properties valued at over $200,000. |
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