Costa Rica's economic outlook improves |
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Written by Administrator
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Friday, 14 November 2008 |
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Citing the Costa Rican government's declining debt burden, Standard & Poor's Ratings Services (S&P), one of the big three credit rating agencies, raised its outlook on Costa Rican government debt to positive from stable, according to S&P. Credit ratings measure the risk of default of particular debt issuers, in this case the Costa Rican government. Other thing being equal, the lower the risk an issuer will default on its debt obligations, the lower the interest rate it will need to pay to borrow from markets. |
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Costa Rica Real Estate Investors Market Update |
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Written by Administrator
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Wednesday, 29 October 2008 |
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Costa Rica Real Estate Investors Market Update - Finance Minister says Costa Rica is in a "very strong and very favorable" financial position.
President of the central Bank of Costa Rica - Francisco de Paula Gutiérrez 1. In looking at Costa Rica's balance sheet, you will quickly see that according to the country's Finance Minister Guillermo Zuniga, Costa Rica is in a "very strong and very favorable financial position.
2. Costa Rica is enjoying a budget surplus.
3. Imports and exports are only declining slightly.
4. Costa Rica is less reliant on the USA than we have ever been.
5. Not only is Costa Rica in the best financial condition its been for over a decade...
6. Costa Rica's banks are also in very good shape. |
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COSTA RICA, a Paradise for foreign investment |
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Written by Administrator
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Wednesday, 08 October 2008 |
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Costa Rica stands out for its economical and political stability, sound democracy, and transparency on public institution processes. A quality educated system and qualified human resources availability. The facilitation for foreign investors and the access into markets through regional trade are some of the advances factors that Costa Rica has achieved by having a privileged lace with one of the friendliest business climates and as one of the main destinations for freeing direct investment (FDI) in Latin America. Gabriela Llobet, general director of the Initiative Coalition for Development (CINDE) says that “Costa Rica has become the fourth nation in Latin America that entices the most FDI per inhabitant only overcome by Panama, Chile and Uruguay and has positioned above large economies like Mexico, Colombia, Argentina, Brazil and Venezuela”.
Moreover, high tech-sectors such as modern manufacturing, services, and medial devices where Costa Rica hosts more than 150 multi-national companies among several worldwide leading companies. |
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Costa Rica Papagayo Marina Set for January Opening |
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Written by Administrator
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Wednesday, 10 September 2008 |
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Costa Rica Papagayo Marina Set for January Opening
Three Marinas Under Construction, 18 Before CIMAT Costa Rica’s second world-class marina, and the first in nearly eight years, is on target to open on the northern Pacific coast within four months.
The first 180 slips of the $15 million Marina Papagayo, within Bahía Culebra in Guanacaste’s far north, will open in January. |
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Last Updated ( Wednesday, 10 September 2008 )
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Costa Rica News - Fresh Del Monte Produce buys Costa Rica producers |
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Written by Administrator
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Thursday, 28 August 2008 |
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Costa Rica News - Fresh Del Monte Produce buys Costa Rica producers
Fresh Del Monte Produce buys Costa Rica banana, pineapple producers for $403 million. NEW YORK (Associated Press) - Fresh Del Monte Produce Inc., which makes fresh-cut fruit and vegetables, said Monday it bought two Costa Rica fruit companies and an affiliated sales and marketing business for a total of $403 million. |
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Last Updated ( Wednesday, 10 September 2008 )
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