Venezuelan Investment on the Rise in Panama

In April, Venezuelan deposits in Panama's banks summed $1.401 billion.

Monday, June 22, 2009

In the Colón Free Trade Zone, the amount of Venezuelan capital has reached $2.5 billion.

Michelle Domínguez, writes for Panama America's website: "According to the Superintendent of Banks of Panama, Venezuela occupies third place in terms of foreign investment in the local banking system. Venezuelan investments in Panama include restaurants, bars, pizzerias, real estate, services sector, international transport, and even a bi-weekly newspaper, among others".

More on this topic

Foreign Investment Up 16% in Nicaragua

July 2013

With significant participation by Venezuela, levels of FDI reached $1.284 billion in 2012, $182 million more than in 2011.

The main targets were industry, trade and services, energy, mining and free zones, which accounted for 77% of the total, according to data presented by the investment promotion agency ProNicaragua.

El Salvador Not Attracting Foreign Investors

May 2011

In the past year, foreign direct investment represented only 0.41% of the gross domestic product (GDP).

Details of foreign investment ranking in relation to GDP in 2010, conducted by the Latin Business Chronicle, position El Salvador in front of Ecuador (0.28%) and Venezuela (-0.48%) alone.

Panama: Foreign Direct Investment Increases 26%

September 2010

In the first six months of this year, Foreign Direct Investment grew 26% when compared to the same period of 2009.

According to Roberto Henríquez, Commerce & Industry Ministry, foreign investors are showing the confidence they have in the country by pouring around $1.14 billion in the nation.

Venezuelans Looking for Business in Costa Rica

August 2009

A committee of 30 businessmen from various sectors will meet with government officials and business chambers.

The trade balance between both countries clearly favors Venezuela, which exported $657 million to Costa Rica while importing just $39.9 million.

A article reports that according to the Venezuelan ambassador in Costa Rica, "the group arriving on August 17 to San José represents all economic sectors and areas of Venezuelan production. The work agenda will be intense. In addition to expanding trade and importing Costa Rican goods, the entrepreneurs want to explore possible investments in the country, and using Costa Rica as a headquarters for their Central American investments".

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