$215 million for the electric interconnection of Panama and ColombiaThursday, July 31, 2008 Last week, Panamanian and Colombian authorities agreed on acceleratating the process of electrical interconnection. The electric line will run for 614 kilometers, connecting substation Panamá II in El Pedregal with Cerromatoso in Colombia. 55 kilometers of underwater cable are included, 40 of them in Panamanian territory. Panamanian restaurant chain plans to enter ColombiaMonday, June 16, 2008 The Panamanian restaurant chain Pío Pío plans to sell its franchises in Colombia. The company has 47 restaurants in Panama. It is part of Grupo Melo, a vertically integrated poultry company whose exports to various countries, including Colombia, total more than four million dollars per year. Panama-Colombia, Colombia-PanamaTuesday, December 1, 2009 "Colombia and Panama are two complementary countries sharing similar business vision and historic identity, which creates synergies between our entrepreneurs". With this statement, Gina Benedetti de Vélez, Colombian ambassador in Panama, summarizes the current economic relationship between both countries. Lafise Opens Bogota OfficeWednesday, July 27, 2011 In order to encourage commercial business with Central America, the Lafise group has started operating in Colombia. The bank has been operating for 26 years with offices in Nicaragua, Mexico, United States, Honduras, Spain, Costa Rica, Guatemala, Venezuela, Panama, El Salvador and the Dominican Republic. Panama and Colombia to strengthen commercial relationsTuesday, September 2, 2008 The strengthening of commercial, political and economic relations were the main points at a meeting of the Goodwill Commission. Colombian vice-chancellor, Camilo Reyes, highlighted the various instruments that were signed for commercial and customs information exchange, just like the electric interconnection project for which the letter of intent has already been signed and which will facilitate the development of a regulatory framework for interconnection between Panama and Colombia. Colombian commercial mission to PanamaMonday, September 8, 2008 A Colombian commercial mission will multi-sector representatives from over 20 companies will arrive at the end of October. Colombian investments in the country are at around 2 million dollars, while trade between both nations grew 67% in 2007, Suarez indicated in reference to the growing links between both countries. Strong Colombian Investments in PanamaThursday, April 2, 2009 There are $1.7 billion in Colombian investments in the country, mainly in construction, tourism and food. According to a report issued by the Embassy of Colombia in Panama, published in Pa-digital.com, Colombian businessmen have invested $519 million in construction, $100 million in tourism, $62 million in the food sector, $50 million in hydrocarbons and $40 million in trade. Colombians Highlight Opportunities in Central AmericaTuesday, June 5, 2012 Colombian businessmen indicate that the entire region is a good market for exports and investment, and existing opportunities are not being taken advantage of. Central America is a region with plenty of benefits for investment, with unlimited access to foreign exchange, protection of trademarks and patents, and this has not been taken advantage of by the Colombian industry, despite an FTA with three countries-Honduras, Guatemala, and El Salvador, says the president of the Panamanian Colombian Chamber of Commerce, Eduardo Cristo. Colombian Trade Mission Visits PanamaFriday, April 8, 2011 Colombian construction companies are hold negotiations with Panamanian importers. Proexport Colombia director, Álvaro Gómez-Escalante, commented that 75% of the meeting are expected to be effective. Pio Pio restaurants expand to ColombiaTuesday, January 13, 2009 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. Pacific Rubiales Oil Company Sets Up in PanamaThursday, February 27, 2014 The firm will move its Board from Colombia to Panama in order to reduce the tax burden and to take advantage of better logistics. The company which carries out oil and gas exploration and production activities in Colombia, selling most of Colombia's oil, has been linked to this country since the Government introduced incentives to attract foreign investment to the sector, and has now announced that it will move its Directive Board to Panama. Chilean Health Company Sets its Sights on Central AmericaWednesday, October 19, 2011 Banmédica is the largest private health organization in Chile, with investments in Colombia and Argentina, and with subsidiaries in the insurance sector. With an average investment of $70 million annually for the past 12 years, Banmédica provides a wide range of health-related services, including clinics, laboratories, medical centers and medical rescue units. It also provides health insurance services. Colombian Gyms Coming to Central AmericaWednesday, March 5, 2014 The Bodytech chain of gyms is to open branches in Panama and Costa Rica. The Colombian gym chain, Bodytech has announced that is preparing to go public and establish itself as a leader in the region. In the coming months it plans to reach Panama, Costa Rica and Ecuador. Logistics is Main Focus for Attracting Investment in PanamaTuesday, June 11, 2013 To remain globally competitive, the industry must invest in staff training and specialization. The forum "Invest in Panama" brought together multinationals, politicians, local entrepreneurs and executives from companies interested in coming to Panama or strengthening their presence in the country. Those present agreed on the need for good progress in local infrastructure, but insisted on the urgent need to invest in staff training and specialization. Construction Roundtable with ColombiaThursday, April 24, 2014 On May 7th-8th Colombian exporters of building materials and finishings will meet with companies in the region in Panama City. The Foreign Trade Promotion Office of Colombia is organizing the V Business Roundtable on building materials and finishes, to be held in Panama City in the Ancon Salon of the Sheraton Hotel . |
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