Expocomer 2009 launched in PanamaThursday, June 5, 2008 The twenth-seventh annual Expocomer will take place March 4-7, 2009. Expocomer will provide a site for businesses from more than 30 countries from Europe, Asia and the Americas to exchange information about offers of products and business opportunities. Heineken will Set Up Base in PanamaThursday, August 27, 2009 The subsidiary of Heineken International B.V. decided to establish its regional headquarters in Panama. Roberto Henríquez, Commerce and Industry Minister, stated that the brewer was attracted "not only by fiscal incentives, but also for geographical and logistical advantages offered by Panama for coordinating operations from their global headquarters in the Netherlands". Request for Bankruptcy Law in PanamaTuesday, June 25, 2013 One such example is the request by the developer of the Trump Ocean Club to make use of Chapter 11 of the U.S. bankruptcy code, in order to restructure its debt. "Chapter 11 is a vital tool for businesses to survive and move forward. If it had existed in Panama, it would have been brought to light in Panamanian law. Unfortunately there is no such legal concept," said Carlos Saravia, operating manager of Newland International Properties. CAF Announces 1 billion in LoansMonday, November 19, 2012 The Development Bank of Latin America has announced a programs to expand the flow of investment and joint ventures in Latin America - Spain and Portugal. A statement of the CAF reads: Less Gray Lists, More BusinessWednesday, December 11, 2019 The challenge for the relationship between Panama and Europe is to look beyond the issue of fiscal transparency, in order to advance together in commercial, digital and environmental issues. After Panama was included in the European Union's list of non-cooperating countries in fiscal matters in December 2017, in March 2019 it was reported that in the new version, the Central American country had already disappeared. Panama: Business Mission to HungaryFriday, February 10, 2017 Preparations are being made for Panamanian businessmen to visit the European country on May 1 with the aim of exploring business opportunities. The trip to Hungary by Panamanian businessmen is scheduled for May, and was publicised during the meeting between Chancellor Isabel de Saint Malo de Alvarado and the Speaker of the National Assembly of the European country, László Kover. Spanish hotel to invest in PanamaMonday, August 11, 2008 Sources from Motta Realty confirmed that the Spanish chain, NH Hoteles, acquired a piece of property in the banking sector of the city. According to the Spanish business daily, Cinco Dias, NH announced that it will expand its presence in the foreign market more than at home. NH Hoteles has 344 hotels with 50,707 rooms in 21 countries in Europe, Africa and the Americas. Panama: 100% of Expocomer Area SoldFriday, March 22, 2013 With almost a month to go before the start of Expocomer, 100% of the 14,000 square meters of the Atlapa Convention Center has already been sold. So announced Raul Delvalle, president of the organizing committee, who said that in this version participants are expected from over 30 countries in America, Europe and Asia. Tariffs Lowered on European LiquorsMonday, March 17, 2014 The trade association agreement between Central America and Europe means a reduction in import tariffs on alcoholic beverages. With the entry into force of the Agreement between Europe and Central America (CAAA) comes a reduction in import costs, which in the case of champagne is a cut of 15%. Panama Attracting Multinational CorporationsMonday, August 3, 2009 The special program established in 2007, aiming to bring big corporations to the country, is working out. Panamanian Industry and Commerce minister, Roberto Henríquez, stated that the country aims to receive $1 billion in foreign investment for every year of the current government. Latin America Cutting Red Tape -- SlowlyFriday, September 12, 2008 If you are thinking of starting a business in Latin America, arm yourself with patience. It takes 20 times longer to open a company in many countries in the region than in the United States, Singapore or New Zealand. Latin America Cutting Red Tape -- SlowlyFriday, September 12, 2008 If you are thinking of starting a business in Latin America, arm yourself with patience. It takes 20 times longer to open a company in many countries in the region than in the United States, Singapore or New Zealand. Costa Rica's Saret aims to take lead in power generationFriday, June 13, 2008 Costa Rica-based Grupo Saret aims to become one of the leading players in electricity generation in Central America. Saret aims to seek a partner with experience in the industry so it can compete with companies such as Enel of Italy and Spain's Unión Fenosa. Top IT company Desca opens offices in PanamaWednesday, May 7, 2008 Desca, a leading Latin American provider of information technology services, opened headquarters in Panama City. Desca claims to be the only Latin American IT company to match the standards of companies in the United States and Europe. GSK Research Center in PanamaWednesday, November 14, 2012 British drugmaker GlaxoSmithKline has moved its Latin American clinical research and medical affairs center from Brazil to the Ciudad del Saber, Panama. The transnational has taken advantage of the benefits provided by Panamanian law in terms of tax incentives, labor and migration, for companies who set up corporate offices in the country. |
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