Money

Major Insurance and Reinsurance Developments in 2008

Although all of the Latin American jurisdictions had notable regulatory and market developments in 2008, Costa Rica stands out as particularly significant given the the fundamental nature of the developments seen there in the past year. Opportunity and Risk in...

Alvarion Bags $6 Million WiMAX Contract from ICE of Costa Rica

By Rajani Baburajan TMCnet Contributing Editor Alvarion, a provider of Worldwide Interoperability for Microwave Access (WiMAX (News - Alert)) and wireless broadband solutions, has bagged a $6 million contract from ICE (Instituto Costarricense de Electricidad), a Costa Rican incumbent operator...

Costa Rica focuses on closer commercial ties

ISTANBUL - Costa Rica is looking to develop closer commercial and political ties with Turkey, says Serhan Süzer, Costa Rica's honorary consul in Istanbul. Bilateral trade grew from $8.1 million to $57.2 million between 2000 and 2006. The Republic of...

Alvarion Awarded 6Million Contract by ICE

Alvarion to Implement Turnkey Project with Its Leading Mobile WiMAX(TM) Solution, Enable Advanced Broadband Service in San Jose and Rural Areas of Limon The world's leading provider of WiMAX(TM) and wireless broadband solutions, today announced that it was awarded a...

Costa Rican Investors shift focus to Biofuels

Biofuel investing has seen a sharp rise over the past year, but spiked just since President Obama took office. Obama’s push for green energy investment and growing demand for Green Fuels is seen as the major cause for the...

Costa Rica Wary of Trade With China

SAN JOSE -- Costa Rica's manufacturers are asking to be excluded from the free trade treaty the Central American country plans to negotiate with China in a process set to begin in January. The head of the Chamber of Industries...

Ormat for 65M geothermal deal

Nevada firm plans second project with utility Instituto Costarricense de Electricidad. Reno, Nev.-based Ormat Technologies (NYSE: ORA) is preparing to start its second geothermal project in Costa Rica after being chosen for a $65 million contract with Banco Centroamericano de...

Xoom.com launches Money Transfer Service Directly to any Banco Uno, Banco Cuscatlan (now Citibank) Account in Central America

SAN FRANCISCO, CA -- November 19, 2008 – Xoom.com, the fastest growing online money transfer company, today announced the launch of their Bank Deposit service to Banco Cuscatlan, Banco Uno, now Citibank, in El Salvador, Guatemala, Honduras, Nicaragua, Panama...

Ending 4-year battle Costa Rica approves CAFTA

SAN JOSE, Costa Rica (AP) — Costa Rica is finally ready to join the Central American Free Trade Agreement after a four-year battle in the nation's congress. Costa Rica signed the trade accord in 2004 along with the rest of...

Costa Rica Min: Ready To Begin China Free-Trade Talks

SAN JOSE (AFP)--Costa Rica is prepared to negotiate a free trade deal with China next year, the foreign trade minister said here Monday ahead of a visit by Chinese President Hu Jintao next week. "The ministry now has enough criteria"...
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The Rise of Wellness Pura Vida Tourism in Costa Rica

Costa Rica continues to position itself at the forefront of global tourism by transforming its natural resources into tools...