Costa Rica Rides High-Tech Wave The crates that leave this Central American nation
these days are more likely to be stuffed with microchips
and telecom components than the bananas that once represented
Costa Rica's plantation economy.
With little fanfare, Costa Rica has attracted hundreds
of millions of dollars in investment from some of the
best-known names in technology, including Intel Corp.,
Hewlett-Packard Co. and Microsoft Corp.
Medical device makers and pharmaceutical companies
are sprouting in the tropical heat. And the nation
is becoming a hub for call centers and back-office
outsourcing.
Wal-Mart Announces Additional Costa Rica
Investment
Mike Duke, Vice Chairman of Wal-Mart Stores, Inc. , and
head of Wal-Mart International, announced today the company
has made an additional investment in Central American
Retail Holding Company (CARHCO), bringing its share of
the firm to 51%.
CARHCO is Central America's leading retailer, with
375 supermarkets and other stores in the following
five countries: Guatemala (124), El Salvador (58),
Honduras (35), Nicaragua (33) and Costa Rica (125).
CARHCO has approximately 23,000 associates. Its
sales during 2005 were approximately us$2.2 billion.
Immigration Rules Eased For Investors
By executive order the government has made changes to
the immigration process that will simplify the requirements
for foreign investors. The change will also make it
easier to obtain work permits for managers, technicians
and specialists working for foreign companies in Costa
Rica.
The new measures will permit the Dirección
de Migración y Extranjería (immigration
service) to allow companies to request visas for
employees, including those from restricted countries
like India and China, and provide multiple visa and
temporary residency for their workers.
The changes were published in the official government
publication La Gaceta on March 8.
Could The Rumour Be True? Disney in Costa
Rica?
Costa Rica is the only country that is being considered
by the The Walt Disney Company for a television travel
and adventure series called Adventures by Disney, which
will be filmed in six countries; Italy, England, France
and Canada.
Lisa Haines, vice-president of Disney Parks and
Resort, explained to the weekly financial newspaper
El Financiero, that the local company Horizontes
will be contracted for the Latin segment.
Of course, the production depends on the people
at Diseny being satisfied with the quality of services.
A team will be in Costa Rica from June to October
of this year.
There hotels are being tested for customer service,
the Marriott, Kioro Arenal and El Parador in Quepos.
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