Spanish SMEs Come to Panama

In recent years, some two hundred small and medium enterprises from Spain have started operations in the country.

Monday, June 25, 2012

The arrival of large consortia like Vallehermoso, which is building the third set of locks for the Panama Canal expansion and Astilleros Armón from the Principality of Asturias, responsible for building and delivering 14 tugs to the Panama Canal Authority, has brought with them as well the entry of small and medium sized Spanish firms.

"Another company that acts as a magnet for Spanish subcontractors is Fomento de Construcciones y Contratas (FCC), which together with the Brazilian company Norberto Odebrecht is building subway line 1 in Panama City.

The executive director of the Spanish Chamber of Commerce in Panama (Caespan), Maria Jesus Alonso Ros said that besides the well known companies like Telefónica, Sacyr, FCC and BBVA, the country is counting on small and medium enterprises (SMEs) in the construction, renewable energy, water treatment, tourism and technology sectors."

More on this topic

Investment Capital Fund Created for SMEs

April 2014

Through a mutual fund, the World Bank and other multilateral institutions, will be awarding $50 million to finance small and medium enterprises in the region.

With a mix of capital and a long-term soft loan the III Caseif fund, managed by Lafise Panama, will have $50 million for small and medium businesses who require funds to finance their operations.

Boost for Microfinancers in Panama

November 2011

The BBVA Foundation and AMPYME have agree to the first private-public partnership for microfinancers in Panama.

The Microfinance Foundation of the Spanish bank BBVA has teamed up with the Authority for Micro, Small and Medium Enterprises in Panama to promote the use of financial products from these companies.

Honduran SMEs Request Incentives

September 2010

Micro, small and medium sized enterprises have asked the government to create financing incentives.

The proposal seeks to develop the sector and ensure growth in the micro enterprise sector next year.

José Enrique Núñez, president of the Honduran SME Association (Anmpih in Spanish), told that, "the proposal will incentivize the opening of the new market and generate an increase in companies' production, thereby creating jobs for many people".

$20 Million for Small and Medium Sized Panamanian Enterprises

August 2010

The Inter-American Investment Corporation (IIC) has authorized a credit line to BBVA Panamá with the aim of giving SMEs access to finance.

The credit line seeks to make funds available to small and medium sized Panamanian companies, to help cover their operating costs and includes finance for working capital and revolving credit lines. This is the IIC’s second operation with BBVA Panamá.

 close (x)

Receive more news about Business and Investment

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Stock Indexes

(Apr 6)
Dow Jones
S&P 500


(Jul 28)
Brent Crude Oil
Coffee "C"