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Olympic is not advancing negotiations with Wal-Mart

By TCRN Staff Bogotá. The Colombian chain said it “is not in talks with the U.S. firm aiming to realize a strategic alliance or any kind of agreement or negotiation.” In information provided to the Superintendent of Finance, said the Colombian chain “as we have reported on previous occasions made clear to the public securities market, [...]

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Costa Rica companies join forces to increase competitiveness

by TCRN Staff Ten private companies and four public institutions joined together in order to improve and raise the competitiveness of the country as part of the Ally Foundation for Development. Jorge Nowalski, president of the foundation, explained that there are 14 companies that drive projects to improve education and create more employment opportunities. They [...]

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Israeli businesses looking for partners in Costa Rica

by TCRN Staff A delegation of Israeli businessmen representing 16 companies from various sectors arrive in the country next week in seeking new business opportunities with their Costa Rican peers. Mario Burstein, director of the Israel-Latin America Chamber of Commerce, said cosmetic entrepreneurs will participate, as well as manufacturers of beauty products from the minerals [...]

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Copa Airlines Plans $250M In Capital Spending

By Inti Landauro Panama-based airline Copa Holding SA (CPA) will invest $250 million in capital expenditures in 2010 as part of its expansion plans after weathering last year’s crisis. Even though Latin and North America, the regions where Copa operates, have suffered from the world economic and financial crisis, the airline did quite well last [...]

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Signs of Economic Growth for 2010 look good

by TCRN Staff Although 2009 was not the best year for the Latin America economy, the region remained stronger than most other regions, such as, North America, Europe, Africa, and some parts of Asia. GDP shrunk 2.6 percent, however Latin America was protected from the heaviest blows of the global economic recession thanks to responsible [...]

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Latin America Business 2009: Best & Worst

2009 was a bad year for Latin America and the rest of the world. Yet, for those who have followed the region through its many ups and downs, it was a surprising year. Many of the countries – especially Brazil — fared better than expected. The United Nation’s Economic Commission for Latin America and the [...]

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