Economy: Panama will Resume More Activities

Authorities announced that as of August 17, construction, internet retail, vehicle sales, barber shops and beauty salons will be allowed to resume.

Wednesday, August 12, 2020

Due to the covid-19 outbreak, the Panamanian government has postponed on several occasions the reactivation of productive activities in the country, but after the Cabinet Council and the health advisory teams made an analysis of the current situation, it has been decided to reopen some economic sectors.

Check out the "System for monitoring markets and the economic situation in Central American countries", developed by CentralAmericaData.

Health Minister Luis Sucre told Laestrella.com.pa that "... beauty salons and barber shops will be able to open throughout the country, but he indicated that attention will be given by coordinated appointments where only 50% of each beauty salon will be able to be used, complying with biosafety regulations. The use of masks will be mandatory."

Regarding construction, Sucre said that "... permits have been granted for different construction projects to restart operations, of which 84 have been approved so far. Of these, he explained, 69 are public works projects and 15 are from private companies."

The official added that the reactivation of car sales in general and retail sales that already sell their items through the delivery system will also be authorized.

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More on this topic

Stores and Restaurants Reopen in Panama

September 2020

After six months of restricted activity, as of September 28th the shopping centers and restaurants reopen their doors to the public.

Due to the outbreak of covid-19, most commercial activities have been suspended since March of this year. Currently, in the context of economic recovery, the government has been relaxing restrictions and more and more sectors are beginning to be reactivated.

Shopping Centers: Low Optimism for Reactivation

August 2020

As of August 17, Panamanian shopping centers will reactivate their operations, but only through online sales and consumers will only be able to withdraw their products, a modality that does not generate enough income to cover the costs of the shops.

Due to the covid-19 outbreak, the Panamanian government has postponed on several occasions the reactivation of productive activities in the country, but after the Cabinet Council and the health advisory teams made an analysis of the current situation, the authorities decided to reopen the premises dedicated to retail trade.

Shopping Centers Reopen

July 2020

After more than four months of closure due to the covid-19 outbreak, shopping malls in Guatemala received the endorsement to start serving their customers and as of July 31 have reactivated their operations.

With the publication of Ministerial Agreement 187-2020, the Health Alert System for the covid-19 epidemic was made official, which includes four alerts: red or maximum, orange or high, yellow or moderate, and green (new normal).

Car Sales Collapse Again

May 2020

During 2019 and the first month of 2020 in Nicaragua, light vehicle distributors reported that their income improved compared to 2018, however, in February and March of this year sales fell again, due to the crisis caused by covid-19.

In 2018 a political and economic crisis occurred in the country, which impacted the sales of the automotive sector, since for that year on average 200 new units of light vehicles were sold per month.

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