One of the best parameters of the strength of an economy is the amount of businesses it creates. In Panama, 47% fewer companies were created in 2017 than in 2016.
Not only were fewer companies were created in 2017, but more companies were closed than in 2016.
Although growth of the economy in general still remains above 5% -still far from the vigorous 10% of a few years ago- other macro data, such as the increase in unemployment and the growth of independent or informal work, shows that, starting in 2018, Panama has entered a phase of economic slowdown.Businessmen in the commerce sector are even talking about "recession", both in retail and in wholesale sales.
The feeling of owning your company can not be understood "until you finally experience it: an exquisite satisfaction, seasoned with spicy uncertainty, dressed in the joy of vertigo."
A young businesswoman puts on paper her journey of running her own company, with the conviction of one who knows she has found her way in life.
'...I start the day unexpectedly with a tingling in my hands or an unanswered question.
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.
71 steps for the establishment of foreign companies in the Asian nation have been eliminated, while another 20 have been delegated to the central government.
The State Council (government) of China has announced that it will simplify administrative procedures, among which is the reduction of paperwork for foreign businessmen to set up their companies in the country.
The Government of El Salvador has announced an initiative called "MiEmpresa.gob.sv" which from next May will reduced from five to one the number of forms required for filing and commencement of operations of a company.
A press release from the Ministry of Economy of El Salvador reads:
As part of efforts being made in the country to improve the business climate, the Government of El Salvador announced today an initiative called "MiEmpresa.gob.sv" which from next May will reduce the number of forms required for filing and commencement of operations of a company from five to only one. This is the result of joint work carried out by 8 institutions of government and some local governments.
Latin America is barely ahead of Africa in quality standards and conditions affecting local businesses.
As a region, Central America, is located in the second half of the list entitled ‘Doing Business 2012’.
Doing Business 2012, a report by the World Bank this year added a new area of analysis, which is the ease of obtaining an electrical connection, along with the traditional items which include: ease of starting a business, management of construction permits, registering property , getting credit, protecting investors, paying taxes, cross border trade, enforcing contracts, and insolvency resolution.
Position in 2010 Rankings: Panama 72 (62 in 2009), El Salvador 86 (80), Guatemala 101 (100), Nicaragua 117 (119), Costa Rica 125 (121), Honduras 131 (128).
With the exception of Nicaragua, which rose two places, the Doing Business 2011 ranking shows that easiness of doing business in the Central American countries has deteriorated, at least in relation to other countries.
Here's what happens in bad times — disruption. Disruption means things change. When things change, there are opportunities. And entrepreneurs seize opportunities — that's what makes them entrepreneurs.
When times are bad for the economy, it can be a great time to start a business. In fact, 16 of the 30 companies that make up the Dow industrial average were started during a recession or depression.
In Centralamerica is first El Salvador globally ranked 72, followed by Panamá (82), Nicaragua (107), Guatemala (112), Costa Rica (117), Honduras (133).
Doing Business 2009 is the sixth in a series of annual reports investigating the regulations that enhance business activity and those that constrain it. Doing Business presents quantitative indicators on business regulations and the protection of property rights that can be compared across 181 economies—from Afghanistan to Zimbabwe—and over time.
In Centralamerica is first El Salvador globally ranked 72, followed by Panamá (82), Nicaragua (107), Guatemala (112), Costa Rica (117), Honduras (133).
Doing Business 2009 is the sixth in a series of annual reports investigating the regulations that enhance business activity and those that constrain it. Doing Business presents quantitative indicators on business regulations and the protection of property rights that can be compared across 181 economies—from Afghanistan to Zimbabwe—and over time.