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Costa Rica News

Costa Rica Construction - Construction Booming in Central Valley, Pacific Coast.

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Written by Administrator   
Thursday, 19 June 2008

Costa Rica Construction - Construction Booming in Central Valley, Pacific Coast.

Construction grew by 20 percent in 2007, with 1.2 million more square meters popping up country –wide, according to the Costa Rican Construction Chamber.
 Most constructions permits were taken out in the San Jose province (24 percent) last year, with housing construction accounting for 67 percent of growth.

Last Updated ( Wednesday, 10 September 2008 )
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Costa Rica Investments Keep Growing

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Written by Administrator   
Tuesday, 10 June 2008
Costa Rica Investments Keep Growing

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.

The company said the businesses, which include banana producer Desarollo Agroindustrial de Frutales S.A. and gold pineapple provider Frutas de Exportacion S.A., are collectively known as "Caribana."

Last Updated ( Wednesday, 10 September 2008 )
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Costa Rica - Costa Developers faces Florida racketeering count

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Written by Administrator   
Friday, 30 May 2008

Costa Rica - Costa Developers faces Florida racketeering count

An American man linked to a development company that owns projects on the Pacific coast has been arrested in Florida on four charges of racketeering and money laundering.

The man, Jeffrey Martin Goldberg, was confirmed to be one of the owners of Costa Developers by a representative of the company's San José office Thursday.

 

Last Updated ( Wednesday, 10 September 2008 )
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Costa Rica Real Estate - Lehman Bros. to Offer Mortgages to Expats

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Written by Administrator   
Thursday, 29 May 2008

Costa Rica Real Estate - Lehman Bros. to Offer Mortgages to Expats

U.S. citizens will be the first clients in bank’s foray into C.R.

Making history on the local real estate front, Lehman Brothers Bank has agreed to finance mortgages for foreigners hoping to call Costa Rica their new home.
Lehman is the first foreign bank to provide home financing to non-residents. The Delaware-based institution struck a deal with Stewart Title, which has an office in San José, to facilitate the process on local soil.
“As we look to expand our mortgage lending opportunities outside of the United States, they (Stewart Title) were a natural fit,” said Eric Hibbert, managing director of Lehman's resort home lending group, based in New York.
However, the bank does not mean for the deal to be exclusive.

Last Updated ( Wednesday, 10 September 2008 )
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Costa Rica Ranks 7th on the list of most attractive investments in Latin America

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Written by Administrator   
Friday, 16 May 2008

Costa Rica Ranks 7th on the list of most attractive investments in Latin America

Costa Rica positioned it self as the 7th best place for investment amongst all the countries in Latin America and the Caribbean, indicated studies made by the economic commission for Latin America and the Caribbean (CEPAL).
The $1,889 million achieved by Costa Rica last year, was only surpassed by Brazil, Mexico, Chile, Colombia, Argentina and Peru according to the report.

The study highlighted the relative importance of all the investment achieved by the Central American countries , if related with the internal gross product (IGP)

Last Updated ( Wednesday, 10 September 2008 )
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