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COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

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Foreign investment

US firm Emerson expands operations in Costa Rica

Emerson's service center in Costa Rica provides technical support to more than 20 countries in the Americas, Europe and Asia.

Bacardí opens regional service center in Costa Rica

The service center, located in Escazú, opened with 135 employees. The company estimates staff could increase up to 200 by December.

Standard & Poor’s maintains Costa Rica sovereign debt rating at BB/B

The ratings agency noted that Costa Rica would likely see an improving economy thanks to a recovering U.S. economy, the country’s largest trade partner, and low international oil prices.

Incesa Standard closes manufacturing plant in Costa Rica, lays off 150 employees

Kitchen and bath fixtures company Incesa Standard on Thursday evening confirmed the closing of its manufacturing operation in Costa Rica, which will be relocated to the company’s facilities in Guatemala and Nicaragua.

Coca-Cola CEO meets with Costa Rica president on expansion plans

President Luis Guillermo Solís and Muhtar Kent, CEO of U.S. soft-drink giant Coca-Cola, met at Casa Presidencial Wednesday morning to discuss the company’s expansion here and an initiative to incorporate more diverse producers into the company’s supply chain.

Johnny Rockets opens third location in Costa Rica

California-based burger chain Johnny Rockets on Thursday inaugurated its third restaurant in the country, which represents a $400,000 investment and 15 jobs, bringing to 90 the total number of jobs the local franchisee currently has here.

Another fast-food chain closes in Costa Rica

Last Saturday, the restaurant chain Bagelmen’s closed all of its locations in Costa Rica, laying off 110 employees.

Costa Rica, China to explore creation of ‘special economic zones’

Costa Rica could find itself once again as a center of high-tech manufacturing, including cars and renewable energy equipment, after President Luis Guillermo Solís and Chinese President Xi Jinping signed a strategic partnership agreement that included future discussion of "special economic zones" in Costa Rica for Chinese enterprises, according to a statement from Casa Presidencial.

President Solís calls for more trade, not just handouts from China

Solís said he wanted to see the Costa Rican and Chinese economy more closely linked, listing special economic zones, infrastructure investment, technology sharing, and greater educational and cultural exchanges as some of his goals for the future of the relationship.

Regulatory hurdles, inexperience contribute to China-Costa Rica trade imbalance

The trade minister said that while China’s increasingly affluent population makes it a large potential market for Costa Rican fruit, vegetable, meat and seafood exporters, entry into the market is complicated by a range of factors including distance, inexperience with the country and its business norms, and rigorous regulations.

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