Aeromexico to Resume Flights to NicaraguaTuesday, May 25, 2021 After more than a year of not flying to the Central American country due to the health crisis, the Mexican airline confirmed that as of July 1 it will resume operations to Nicaragua. The airline plans to cover the route between Mexico City and Managua on Tuesdays, Thursdays and Saturdays. Flights will depart from Mexico at 9:10 a.m. and will arrive in the Nicaraguan capital at 10:55 a.m., and the departure from Managua will be at 12:00 p.m. New Normal: Chinese Tires Increase in PricesFriday, May 21, 2021 As a result of the shortage of tires and the increase in the cost of maritime freight, Costa Rican importers of Chinese tires estimate that prices in the local market have increased about 40% in recent months. Representatives of Tire Kingdom, a company that imports tires manufactured in China in Costa Rica, foresee that due to the increase in prices, the main advantages of these tires could be reduced or disappear. Southwest will Resume Flights between Costa Rica and the U.S.Monday, May 3, 2021 Starting June 6, the U.S. airline will resume flights to Juan Santamaria and Daniel Oduber Quiros international airports, offering a daily route from Houston, Texas to San Jose and Liberia, as well as a weekly flight from Baltimore, Maryland to Guanacaste. There are nine airlines connecting our country with the U.S., our main tourist source market: Delta Airlines, United Airlines, Alaska, American Airlines, JetBlue, Spirit, Sun Country, Frontier (as of July 1) and Southwest (as of June 6), informed the Costa Rican Tourism Institute. PURCHASE OPPORTUNITY Costa Rica ECO-Residential Development & BusinessMonday, April 12, 2021 Real Estate Development & Adventure Park Jacó, Costa Rica. Multiple Investment Opportunities Available. The Ocean Ranch eco-residential development is located along the Central Pacific coast, just a mile from Jaco's well-traveled beach town. The 850± acre (348± HA) property is made up of 5 parcels – one of which includes a successful operating eco-adventure business. Nicaragua: Air Connectivity Remains in CrisisTuesday, February 23, 2021 Since American Airlines, Aeromexico, United Airlines and Spirit announced that they will delay their return to the country until April, local businessmen have given up hope that air connectivity will improve in the coming weeks. Six international airlines operate in Nicaragua, but currently only Copa and Avianca are flying. The remaining four have postponed their return and according to their latest announcements, they would return until April. Nicaragua: Airlines Postpone Restarting FlightsThursday, August 6, 2020 Originally it was announced that in the first days of August the airlines operating in the country could resume activities, but due to the requirements, most plan to reactivate their flights in September and in the case of American Airlines, the resumption would be in October. Due to the covid-19 outbreak, commercial flights to and from Nicaragua were suspended since the beginning of April. Nicaragua: Requirements for Commercial FlightsWednesday, July 15, 2020 Commercial flights entering the country will be required to obtain a fumigation certificate for the aircraft and passengers attempting to enter will be required to take a negative covid-19 test, carried out within a period of no more than 72 hours. Because of the spread of covid-19, commercial flights in the country continue to be suspended; however, airlines anticipate that they may resume operations in early August. Hotels: New Standards in Costa RicaTuesday, May 19, 2020 Disinfection of the room keys, deep cleaning of the facilities and the guests' luggage are some of the protocols that will be applied by the hotels in Costa Rica at the time of opening. After being closed for two months due to the health crisis resulting from the covid-19 outbreak, since May 16 the country's hotels with less than 20 rooms were allowed to open their doors to the public, but with the condition that they only occupy 50% of their capacity. Flight Suspension IncreasesWednesday, March 18, 2020 Since March 17th Avianca suspended all its flights to and from El Salvador, and United Airlines announced that as of April 1st it will no longer fly to Nicaragua. In accordance with the directives of the government of El Salvador, all Avianca flights to and from that country are suspended from March 17 at midnight, the airline reported. El Salvador: Remittances Increase 5% in 2019Wednesday, January 15, 2020 Last year the country received $5.65 billion in family remittances, which is 5% more than the amount reported in 2018. In 2019, the central zone of the country received 36.6% of total remittances, equivalent to $2,069.7 million, followed by the eastern zone with 32.1%, or $1,811 million. The western zone totaled $946.7 million (16.8% of the total) and the paracentral zone received $680.7 million, equivalent to 12% of total remittances, reported the Central Reserve Bank (BCR). Public-Private Partnerships: Where Would They Work Better?Thursday, May 23, 2019 Guatemala, El Salvador and Costa Rica are the countries in the region with the best conditions to develop Public-Private Partnerships, followed by Honduras, Nicaragua and Panama. The 2019 Infrascope index, which evaluates 23 indicators and 78 qualitative and quantitative sub-indicators in Public-Private Partnerships (PPP) in Latin America, is prepared by The Economist Intelligence Unit and has the financial backing of the Inter-American Development Bank (IDB). Airlines: Strategic Alliance in the regionTuesday, December 4, 2018 Avianca, United Airlines and Copa Airlines, signed a trade agreement that will allow them to agree flight routes in the American continent. To ensure the commercial agreement reached on November 30th becomes effective, the three airlines plan to apply for regulatory approval and a complementary antitrust immunity (ATI) subsidy in the coming weeks from the U.S. Department of Transportation (DOT) and authorities in 19 Latin American countries. Tender: Software for $8 millionThursday, September 20, 2018 The Bank of Costa Rica is putting out to tender IBM software licenses and their update rights. Costa Rica Government Purchase 2018LN-000011-0015700001: Less and Less Flights to NicaraguaTuesday, August 7, 2018 Due to the political crisis that has been going on in the country for almost four months, the airlines American Airlines, Delta, United and Spirit, have decided to reduce the number of flights to Managua. Representatives from the National Chamber of Tourism (Canatur) reported that American Airlines went from having three flights a day to one and Delta Airlines from three flights a week to one. Fewer and Fewer Tourists in NicaraguaMonday, July 9, 2018 In May, 34,400 foreign tourists arrived in the country by air, almost 40% less than in the same month last year. The political and social crisis that the country is experiencing continues to cause havoc in the Nicaraguan economy, with tourism being one of the most affected sectors. According to statistics from the National Chamber of Tourism of Nicaragua (Canatur), in April, the month in which the crisis began, there was a year-on-year decrease of 16% in the number of visitors that entered by air, falling from 60,116 to 50,450. |
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