Panama: Top Destination for Venezuelan Migrants
Venezuelan deposits at Panamanian banks summed $1.4 billion in April 2009.
Monday, August 10, 2009
When compared to the same period of 2008, deposits increased in almost $100 million, according to data from the Banking Superintendence.
According to estimates from the Central Bank, approximately $2 billion in foreign investment is expected during this year, up 22.3% in comparison to 2007.
This year the flow of Foreign Direct Investment (FDI) continued its upward trend, which has been maintained for the last 8 years.
Foreign Direct Investment (FDI) that entered Panama during the first half of the year reached $100 million.
The company, Red Fox, an exporter of ornamental plants, has doubled its production area and quadrupled its exports in the last two years.
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