Business Opportunities in CubaMonday, December 14, 2015 Changes in ownership rules and a more flexible attitude towards the free market, together with the thawing of relations with the US are creating opportunities for Central American companies. A report by the Costa Rica Foreign Trade Office analyzes the business opportunities present today in the Cuban market, which can be extrapolated to all of the other Central American countries. Cuban Market Unattractive for Costa Rican CompaniesMonday, June 28, 2010 Despite the efforts of Costa Rican exports promotion agency PROCOMER, sales to Cuba see little to no growth. In the first four months of 2010, the country sold $3.1 million to Cuba, down from $4.5 million in the same period of 2009. Hard to do Business in CubaWednesday, January 18, 2017 The bureaucratic procedures and permits required by the Cuban government and some restrictions on the establishment of companies could represent obstacles for foreign businessmen interested in investing on the island. Although in Cuba there exists sectors such as telecommunications and construction, which have high growth potential due to a backlog in investment, those who are knowledgeable about the real situation in Cuban say that it will be difficult to take advantage of these opportunities, at least for now. That is the perception of the former ambassador of Costa Rica in Cuba, Rodrigo Carreras, who in an interview with the newspaper Nacion.com, detailed the conditions of the economy of the island and the difficulties that could be faced by entrepreneurs interested in doing business there. Costa Rican Companies Visit CubaThursday, October 22, 2009 Eleven companies from different sectors will visit Cuba on the first week of November. 5 of these companies will participate in La Habana International Fair (Fihnav), from November 2 to 7. These are Corporación Pipasa, Plásticos Puente, Leogar, CVG Alunasa and Maluquer. Are There Opportunities for Central America in Cuba?Tuesday, April 28, 2015 The promise of a lifting of the embargo by the US government has generated great expectations for investors and entrepreneurs from around the world. The Governor of New York is traveling Cuba to explore the business opportunities that could arise from the lifting of trade restrictions imposed by the US government 50 years ago. More AviancaTaca Flights to CubaMonday, August 1, 2011 The airline will inaugurate a new direct connection from El Salvador and add more scheduled flights from Costa Rica and Lima. As of August 6, Taca Airlines will operate a direct flight between Havana and El Salvador, three times a week, using a 120-passenger A319 aircraft. Costa Rica Trade Mission to CubaTuesday, July 28, 2009 Procomer is organizing the first trade mission to Cuba, to be done on October 28 to 30. Procomer General Manager, Emmanuel Hess, spoke about the cuban market saying that "it is different, but very promising, and we must not miss it." Wire Money in 15 MinutesMonday, July 19, 2010 Costa Rica joins the list of countries offering the "Corregiros" service that enables money to transferred in 15 minutes. The service is expected to be completely operational from February 2011 at post offices in any of the member countries: Spain, Peru, Ecuador, Costa Rica, Cuba, the Dominican Republic, Argentina, Colombia, Chile and Uruguay. Costa Rica bets on new marketsThursday, February 5, 2009 Authorities in charge of foreign trade say that "a lot of creativity" will be needed to increase sales. MIPUNTO.com reports that "Markets in China, Cuba, Nicaragua and Panama are the new bets for Costa Rican exports... Panama Ericsson Fined for Trading with CubaFriday, May 25, 2012 The Department of Commerce has imposed a fine of $1.75 million on the Panamanian subsidiary of Ericsson for exporting equipment to the Caribbean island, violating trade restrictions. Ericsson Panama, subsidiary of the multinational of Swedish origin, will be fined $1.75 million by the U.S. Department of Commerce for exporting mobile network equipment to Cuba, violating trade restrictions in Washington. Beach Construction Diminishes in Costa RicaThursday, March 19, 2009 The real estate business has fallen by 90% since last year, according to representatives of Century 21 real estate. An article by Reuters reporter John McPhaul described the situation of the construction industry in Tamarindo on the Pacific coast of Costa Rica and reported that most projects are at a standstill. Guatemala and Costa Rica join Cacao producers associationMonday, October 6, 2008 Authorities from seven Latin American countries will create the "Association Fine Aroma Cacao Producing Countries" this week in Ecuador. This organization will be established at meeting of producers and exporters of this type of cacao from Venezuela, Costa Rica, Dominican Republic, Cuba, Guatemala, Granada and Ecuador, declared Walter Poveda, Ecuadoran Minister of Agriculture, in a press release. Nonstop Flight Cuba - Costa RicaFriday, September 26, 2014 Starting November 16th, Cubana Airlines will operate two weekly flights between Havana and San Jose. From a statement issued by the Costa Rican Tourism Institute (ICT): Costa Rican Exports to Cuba GrowMonday, July 21, 2014 In twelve years exports to the island have quadrupled, with dairy products, medicines and textiles being the most sold. From $7.8 million in 2002 to $31.4 million in 2013, Costa Rican products exported to Cuba have grown, answering a growing need by Cubans to purchase basic consumer goods made under local production, such as milk and its derivatives. 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. |
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