Weekly Report - 1 July 2003

Economic activity in Costa Rica in the first four months of this year was up 6.4% on the comparable period of 2002. Exports increased by nearly 20%, to US$2bn. Imports grew by 10%, to US$2.6bn. The strong growth was driven by a pick-up in the tourism industry and at the microprocessor company, Intel. 

The government of Nicaragua is pushing ahead with the full privatisation of Enitel, the state telecommunications company. 

BSCH of Spain and BNP Paribas of France are competing to sell the last 40% of the shares of Enitel.

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