UCR: Costa Rica's Economy Recovering, Slowly
The University of Costa Rica's (UCR) School of Economic Sciences predicts that the year will end with a moderate economic growth of 3.8% to 4.8%, a moderate growth that may disappoint some but is better than many industrial nations.
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More: InsideCostaRica.com
10 Reasons to Buy Property in Costa Rica
Costa Rica is renowned for its mild climate, exotic flora and fauna, beautiful beaches and affordable property. Seasoned expats and second-home shoppers have long extolled the virtues of this Central American idyll for many reasons, just a few of which include the already well-established and friendly expat community, top-flight healthcare, several different residency options and an easy commute to and from the United States.
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More: www.nuwireinvestor.com
Costa Rican Foreign Direct Investment on Pace to Break All-Time High
Costa Rica is on track to reach an all-time high for foreign direct investment in 2011. According to the Central Bank of Costa Rica, through the first six months of the year, Costa Rica raked in $1.06 billion in foreign direct investment. The Foreign Trade Ministry under President Laura Chinchilla has set an investment goal of $1.85 billion for 2011, which would be a new national record.
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More: www.ticotimes.net
Medical Tourism Continues to Grow in Costa Rica
Global Health Voyager Inc., a full service Web-based medical tourism company, has signed an agreement with the oldest private hospital in Costa Rica, Clinica Biblica. GHV’s Ali Moussavi, the company CEO, had high praise for his new partner.
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More: www.thecostaricanews.com
Costa Rica Makes Its Way Off Tax-Haven Blacklist
Finance Minister calls the achievement “a major step for the country.”
The Organisation for Economic Co-operation and Development (OECD) reported Tuesday that Costa Rica has undergone sufficient tax reform to be taken off a tax-haven blacklist of countries that do not meet international tax standards.
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More: www.ticotimes.net
Costa Rica Ranked Top 10 Investment Destination in Latin America
Two international business and investment publications released reports ranking Costa Rica and its capital city as top 10 investment locations in Latin America.
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More: www.ticotimes.net
Who Will You Meet in the Rainforest? Part 1: Mammals
Nearly every visitor to the tropical rainforest will have heard of its legendary biodiversity – dozens of species make each visit unique and thrilling. For many, the exuberance of tropical nature may have ranked highly among their reasons to visit or live in Costa Rica.
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More: www.thecostaricanews.com
Who are the Ticos?
All of us have heard native Costa Ricans refer to themselves as Ticos – it’s a term that has come to embody the warm, friendly people who have welcomed expats into their country and their culture. It’s a term that we use almost daily, but have you ever stopped and wondered who exactly the Ticos are?
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More: www.thecostaricanews.com
New Tourism Figures Rise as Costa Rica Vacation Rental Industry Diversifies
New figures released show that more tourists are opting for Costa Rica vacations and there is a growing preference for beach vacation rentals. On May 19th, the Costa Rican Tourism Institute (I.C.T) announced a rise in tourism arrival figures of 7% for the first three months of 2011. Furthermore, regional experts state that the emerging niche market of villa rentals has been a key factor in the recovery of the country's tourism industry. The personalized service offered by vacation rental specialists such as Escape Villas, is recognized as a prominent driver for growth in this specialized industry.
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More: SF Gate
Walmart Says New Stores Will Lead to a Strong Growth Platform
In 2011, Walmart de Mexico and Centroamérica will invest $160.5 million in Costa Rica, a record high for the company. The investment includes the construction of 24 new stores in Costa Rica which will generate 839 new jobs adding up to a grand total of 11,600 Walmart jobs in Costa Rica.
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More: www.thecostaricanews.com
Two More Medical Companies to Invest Millions in Costa Rica
Medical supply business BeamOne on Wednesday morning announced plans for a $10 million investment in the country. The company will build a new plant to expand its existing operation in the Coyol business park in Alajuela, northwest of San José, according to a press release from the electron beam sterilization service provider.
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More: www.ticotimes.net
Road Trip Reveals Costa Rican Secrets
“My wife Suzan and I breathed a sigh of relief and toasted our good fortune. The lights here were just as low, the ocean breeze just as gentle, and the spaghetti carbonara just as peppery and fresh in the little restaurant on Playa Samara as they were during our honeymoon 14 years ago.
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More: www.internationalliving.com
Costa Rica Elected To U.N. Human Rights Council
Costa Rica's foreign minister, Rene Castro, called it a dimlomatic victory yesterday the election of Costa Rica to join the 47 member United Nations Human Rights Council, beating out Nicaragua.
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More: www.insidecostarica.com
The Rich Coast
Costa Rica located south of Nicaragua and north of Panama, has coasts on both the Pacific and the Caribbean. With vast areas dedicated as National Parks and Nature Reserves, with both highland and lowland tropical zones, it really has something to offer everyone. Even the city lover will find ample to amuse in the urban expanse of the capital, San Jose.
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More: www.coztarica.com
Costa Rica’s President Wraps Up U.S. Visit
Laura Chinchilla toured prominent universities in the United States, met with former U.S. Secretary of State Condoleezza Rice and promoted foreign investment in Costa Rica.
Costa Rican President Laura Chinchilla slipped a red Stanford University baseball cap on her head Tuesday to show her support for the university’s esteemed business school. It was a symbolic gesture by the U.S.-educated Central American president, who was halfway through a weeklong tour to drum up business that would help create needed jobs back home.
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More: www.ticotimes.net
