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.

"The Venezuelan community is estimated at 65.000 in Panama, and participates in diverse productive activities, mostly in transportation, restaurants, hotels, bars and services", reported Prensa.com.

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Increase in Foreign Investment forecasted for Costa Rica

August 2008

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.

Central Bank president, Francisco de Paula Gutierrez, said that the prospects for next year are even better since improvements in the economy of the United States - Costa Rica's main trading partner - are expected.

Foreign Investment up 16% in Guatemala

December 2008

This year the flow of Foreign Direct Investment (FDI) continued its upward trend, which has been maintained for the last 8 years.

According to data from the Bank of Guatemala (Banguat), as of November 27, 2008, the FDI was at $759.7 million while for the same period in 2007 it was at $656.1 million.

Foreign investment in Panama increases 32.8%

October 2008

Foreign Direct Investment (FDI) that entered Panama during the first half of the year reached $100 million.

This is increase is due mainly to the investments and re-investment of earnings by banks with general license that are operating in the country.
The construction sector, expansions, and new port infrastructure, the new cellular bands and the electricity generation projects have also attracted huge volumes of foreign capital this year.

El Salvador: Ornamental Plant Exports Grow

August 2011

The company, Red Fox, an exporter of ornamental plants, has doubled its production area and quadrupled its exports in the last two years.

The company is continuing with its expansion plans and hopes in the next few years to augment its production area from 20 to 40 hectares and increase its annual export to 200 million cuttings, said the company's general manager, Simon Schulz.

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