Stimulus for Panamanian Industry
Ricardo Martinelli's administration will write a law supporting and stimulating industry and agribusiness.
Tuesday, July 21, 2009
The new regulation will foster economic activity in these sectors, and will be based on the derogated 11th Industrial Stimulus Law.
Different fields of professionals have entered a Resource of Unconstitutionality against Law 588, the "General law of Professional Associations and Professional Practice." The law was approved by the National Assemblyand passed on Jan. 14.
The new law will regulate Trusts, which did not exist before in Nicaragua.
The bill nullifies the validity of the modification arrangements or equivalents for the concession contracts authorized by the state over the last decade.
The Empresa Nacional de Energía Eléctrica (ENEE) has been transformed into a corporation and will be parcelled off into separate companies for generation, transmission and system operation, and distribution.
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