Air Panama to Fly to RoatanMonday, October 17, 2016 The airline has announced that starting from December 2016 it will be operating two direct weekly flights between Panama City and Roatan Island. The flights will depart from Panama City during the peak season in 2016-2017 on Thursdays and Sundays, and tickets will be available for sale from November 1st. Agreement Close in Banana DisputeMonday, July 6, 2009 European sources reported that they are close to reaching an agreement that “will depend on political will.” The last known proposal from the European Commission consists of a tariff reduction from €176 ($245) to €136 ($190) in three years and the suspension or reduction of the tax in 2012. The final outcome depends on the state of the WTO Doha Round negotiations to liberalize global trade. France Includes Central American Countries in “Tax-Haven” ListTuesday, February 16, 2010 Guatemala, Belice, Costa Rica and Panama were included in a list of 18 countries considered “Tax-Havens” by the French government. The list was published in French newspaper Le Figaro, and is valid until January 1st, 2011. Expocomer to Open Its Doors in Panama TomorrowTuesday, March 3, 2009 Expocomer 2009 will be held at the ATLAPA Convention Center until March 7. Twenty-seven countries and fourteen trade missions will participate. Manuel Luna wrote in an article in Laestrella.com.pa: "This time the exhibition will focus on technology products and products related to the proposed Panama Canal expansion. The president of the Chamber of Commerce, Juan Ramón Varela, said that there is much optimism in achieving figures similar to the ones last year in terms of economic transactions." New Cruise Ship to Panama and Costa RicaMonday, May 18, 2009 The US-based small cruise ship line, Cruise West, has announced a new route called "Between Two Seas," between Panama and Costa Rica. The nine-day cruise for 100 passengers will begin operations on October 26, 2009 and it will continue until April 2, 2010, at a cost of $4 thousand per passenger. Gray hair reevaluatedMonday, January 12, 2009 Experience and professional background are once again being sought in the labor market. According to laestrella.com.pa, "Gray hairs are valuable once again," commented Pablo Bernard, country manager for Spencer Stuart. Like with Bernard, many high level personnel selection firms have started the year attending a growing demand for experienced and capable executives to deal with the difficulties that will arise during the next few months. Construction: Business Roundtable with ColombiaMonday, July 27, 2015 On August 12nd and 13rd the Sixth Business Roundtable on Construction Materials between South and Central America will take place in Panama City. Colombian companies will be showcasing at the Megapolis Convention Center in Panama City their offers of "... construction materials, furniture and wood, metal, tools and appliances to local and international buyers." Integrated Border PostsThursday, May 24, 2012 The Intra-regional trade sector is excited about a project to develop an Integrated Control Center at the border crossing between Panama and Costa Rica. Panama and Costa Rica have agreed to develop a design for an Integrated Control Center (ICC) in the common border of Paso Canoas. Luring Migration PolicyFriday, August 21, 2009 Panama's migratory flexible regulation is a key factor for attracting multinational companies. For General Electric (GE), the main motivation for moving its regional corporate headquarters from Costa Rica to Panama was not fiscal incentives, but flexibility in migration regulations. First Round of FTA with Peru CompletedMonday, November 15, 2010 On November 12th, in the Peruvian capital, the parties concluded the first round of negotiations for an FTA between Peru and the region. At this first meeting, considered a success, progress was made on items like "Market Access for Goods, Rules of Origin, Customs Procedures and Customs Cooperation Sanitary and Health Measures, Technical Barriers for Trade, Commercial Defense, Competition Policy, Services, Investment, Intellectual Property, Public Purchases, Corporate Affairs and Conflict Resolution," reported Laestrella.com.pa. Panama Betting Big On PineappleThursday, January 7, 2010 With government support, the country has set out to surpass Costa Rica as the leading exporter of the fruit. The announcement was made by José Domingo Arias, Commerce and Industries minister, who explained that the plan includes implementing technologies to increase output and policies to improve commercialization. Peruvian Pharmaceutical Company to Operate in PanamaMonday, October 20, 2014 The ESKE Group has announced te opening of a distribution hub in Panama City to redistribute its generic lines imported from India and Europe and those manufactured in Peru. Group ESKE, an importer of generic drugs from India and Europe and others that it manufactures at its plant in Peru, intends to establish in Panama a distribution hub for the entire region. U.S. Plans for the RegionTuesday, December 17, 2019 The Trump administration plan will be aimed at 30 countries of the continent and is called "America Crece", and consists mainly of the development of private investments, granting loans and sale of natural gas surpluses. The U.S. government's objective is that, with the application of América Crece, job creation will be facilitated through the development of infrastructure in airports, ports, highways, digital networks and telecoms, but the big bet will be energy projects. Economic Recovery: Far Away On The HorizonWednesday, January 13, 2021 Because of the fall in economic activity and the restrictions imposed to contain the spread of covid-19, businessmen in Costa Rica and Panama predict that the process of economic recovery will not be completed in the near future. In this crisis scenario generated by the covid-19 outbreak, the Costa Rican economy does not show clear signs of recovery, since during November 2020 the Monthly Index of Economic Activity reported a year-on-year fall of 6.2%, a decline similar to that reported in October, when it was 6.3%. Blocks and Costs to the RegionTuesday, October 6, 2020 The protests in Costa Rica, which affect vehicle circulation in the country and border crossings, will have a short-term impact on intraregional trade and cargo transport costs. In order to access the $1.75 billion credit that it intends to request from the International Monetary Fund (IMF), the Costa Rican government proposed to tax financial transactions, raise the tax on the profits of companies and individuals, and increase the tax on real estate. |
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