Not only fast food franchises are growing, but also hospitality ones.
For example, during the first six months of 2013, seven Friday's restaurants, established in the country and run by the local group UNESA, recorded revenues of $9 million. Although some of these facilities reported low sales, the company says it is due to the stabilization of consumers, the time of year and other factors.
The lack of government planning for the water supply is affecting the development of real estate projects.
According to Guillermo E. Quijano Jr, president of Grupo Unesa, real estate development in the country depends on whether there are water services in the area where you want to build. "To be able to say that development will move towards the east or west or north sector of the city ...
The biggest fast food chain from Panama will be launched in the Colombian market this year.
Laestrella.com.pa reports on its site that "after making the first steps in 2008, the Panamanian fast food franchise will be launched internationally.
"This year we will have more than one restaurant in Colombia," said Arturo Melo, president of the Melo Group, after reporting that 2008 was an excellent year for their company.