Brazil's Embraer Could Enter PanamaWednesday, August 19, 2009 The company Embraer could install a plane factory in Panama. This was reported by Industry and Commerce Ministry Roberto Herníquez, when he was speaking about a recent trade mission by 140 Brazilian businessmen. Conditions Improve for Panamanian ExportersWednesday, July 1, 2009 The Free Trade Agreement with Guatemala added to those with Taiwan, Singapore, Chile, Costa Rica, and Honduras. The group of countries that allow a wide variety of tariff-free Panamanian products through free trade agreements will be expanded with the ratification of the agreement with Nicaragua, creating a larger network of favorable markets. This can offset the decline in revenues caused by the global crisis. Panama's Luxury AmbitionTuesday, April 20, 2010 The government’s Strategic Plan 2010-2014 aims to turn the country into a “world-class center for value-added logistic services, luxury tourism and high value agriculture”. These are very ambitious goals, especially when analyzing the country’s current situation, with 33% of its inhabitants living below the poverty line and serious deficiencies in infrastructure. Agricultural Supplies Under InvestigationThursday, March 11, 2010 A regional investigation is underway, triggered by suspicions of anticompetitive practices when commercializing fertilizers. These anticompetitive practices would have started when importing companies started buying in group, supposedly to lower the price of fertilizers. Russian Investment Reaches PanamaTuesday, March 24, 2009 Sustained growth of the economies of both countries is the starting point of a growing interest from entrepreneurs and investors. In addition, several other factors foster Panama’s chances of attracting Russian investors, including the presence of more than 3 thousand Panamanians who studied in Russia and speak the language. Keys to Panamanian DevelopmentWednesday, May 6, 2009 Despite rapid development in recent years, there remain serious obstacles in order to progress beyond what has been achieved in Panama. These obstacles are structural defects that have to be corrected, such as the inefficiency of public administration, people with low education, lack of skilled labor, regions far away from the capital lacking basic services and serious problems in transportation and health. Medicare for U.S. Citizens in PanamaTuesday, November 17, 2009 Panama's Government wants the proposed U.S. public health system to cover Panamanian soil. Jaime Alemán, Panamanian ambassador in the U.S., is in charge of this ambitious topic. New Tourism Investments in NicaraguaThursday, October 27, 2011 With an investment of about $20 million the Institute of Tourism has announced the construction of two marinas in the Caribbean and a hotel in Leon. The investments are of Italian and Spanish origin, explained the head of the Nicaraguan Institute of Tourism (Intur), Mario Salinas. Tax Revenues Up 5% in GuatemalaTuesday, May 7, 2013 In the first third of 2013 the state collected $2.111 billion, $110 million more than in the same period last year. The figure is below the target set by the Tax Authority, which in this period was $2.277 billion, to cover the spending budget prepared by the Ministry of Finance. The Housing Market in PanamaThursday, April 2, 2009 Sales are slower and getting credit is not as easy, but the effects of the crisis are, until now, softer in Panama than in other countries. Although the situation is not the boom that it was two years ago, when Panama City was growing rapidly toward the sky, the figures are still in positive terrain. The toughening of the conditions imposed by banks for granting new loans is noticeable and, speaking of sales, the recurring word is "slow," and this has led to strategy variations by real estate operators. Public Bidding for Panama Dockyard in 2011Tuesday, September 8, 2009 The Maritime Authority decided to invite bids for the dockyard concession currently operated by Braswell Shipyard. Roberto Linares, from the Maritime Authority stated that, with the public bidding process, every interested company will have a chance to participate. COPA Airlines Could Join Star AllianceWednesday, October 28, 2009 The airline is negotiating its potential entrance to Star Alliance, which is composed of 25 air travel companies. Pedro Heilbron, president of Copa Airlines, reported that on October 24th, the corporation abandoned another airline alliance, SkyTeam. Amchan Complains About Bureaucracy in El SalvadorThursday, July 21, 2011 The American Chamber of Commerce said U.S. companies have stalled projects because of bureaucratic problems or lack of legal certainty. Carmen Aida Muñoz, the executive director of the Chamber, told the press that a total of 17 companies, one of which is Walmart, are awaiting permits for various projects. Tender For Retail Spaces at Juan Santamaria AirportMonday, September 24, 2012 The Costa Rican airport operator, Aeris, will be putting out to tender in the short term three areas for selling food and one for a gift shop. In "a matter of days", a tender will be launched for restaurant areas measuring 66 square meters, said Maria Amalia Revelo, commercial director of Aeris, of the spaces which must be awarded no later than mid-October. Hydroelectric Project Reactivated in PanamaFriday, July 3, 2009 The Canadian company Petaquilla Minerals along with Generadora Hidroelectrica Santa Maria will develop a 25 MW hydroelectric project. With an agreement signed by a Petaquilla Minerals’ subsidiary in Panama, Panama Central Electric S.A., and Generadora Hidroelectrica Santa Maria, the two companies will begin financial studies of the project and update the environmental impact study of 1998. |
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