Russian Investment Reaches Panama

Sustained growth of the economies of both countries is the starting point of a growing interest from entrepreneurs and investors.

Tuesday, March 24, 2009

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.

Panama is increasingly getting more tourists from Russia, while expressions of interest for investment in the Central American country are growing, especially in real estate.

Mario A. Muñoz stressed in his article in Martes Financiero that "Russia is one of the countries from which the $2.401 billion Panama received in 2008 in foreign direct investment came from, an increase of 25.9% compared to the previous year, according to data from the General Accounting Office. This total excludes the investment of foreign entrepreneurs residing in the country."

More on this topic

Costa Rica: Businesses Seek to Reactivate the Caribbean

August 2014

In the absence of concrete actions by the state, companies in the province of Limón have announced that they will promote economic development in the area using foreign investment.

In order to generate more projects to develop economic activity in the province of Limón, employers in the area are calling for foreign investors who have an affinity with the region.

Russian Businessmen Visit Panama

July 2009

Russian companies aim to foster bilateral trade and present investment opportunities.

From July 23, 12 Russian businessmen will hold meetings with Panamanian entrepreneurs in real estate, metals, painting materials and other sectors.

"Panama's location serves as a starting point to reach South, North and Central American countries", said Dimitri Rausch, Allianz IG Investment Group CEO, who coordinated the visit.

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