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foreign investment

Contest for Panama Metro Line 2 Opens

The Ministry of the Presidency, through the Secretariat of the Panama Metro (LA SMP), acting under the legal provisions and the authority delegated by Resolution No. 86 of September 11, 2014, and considering that the Project line 2 of the Panama Metro is geared to meet the public interest and social order of Panamanian Citizens is convening a best value tender with separate evaluation for “engineering services for the design, construction of civil works, Auxiliary Facilities Line and stations, supplies and installation of the Integrated Rail System including rolling stock, commissioning, of Line 2 of the Panama Metro”. Continue Reading…

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Canadian companies invested $121 million in Panama during 2013

Bilateral trade between Panama and Canada has grown by 62% over the past four years. According to a recent study by the Panama-Canada Chamber of Commerce, marking the first year of the enforcement of the Free Trade Agreement (FTA) between the two countries on April 1, 2013, foreign direct investment of Canada in Panama has reached $121 million in 2013.  Continue Reading…

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Management of Metro Line 2 Awarded in Panama

The Secretariat of the Panama Metro has awarded PML2 Consortium (Spanish-American) contract for Project Management (Project Management) of Metro Line 2. Continue Reading…

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Tocumen Airport expansion 38% complete

Tocumen International Airport, Panama is expanding to meet the needs of increasing passenger flow and additional airlines, making it a hub for South and Central America. Continue Reading…

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Panama moves closer to Pacific Alliance

The signing of the Free Trade Agreement (FTA) between Mexico Panama could be the next country along with Costa Rica, to join the Pacific Alliance trade bloc. Continue Reading…

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Minister Fast Marks First Anniversary of Canada-Panama Free Trade Agreement

The Honourable Ed Fast, Minister of International Trade, last Tuesday marked the first anniversary of the coming into force of the Canada-Panama Free Trade Agreement (FTA).

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This year the Panama house sales will amount to 9.973 units

Panama real estate development will maintain the same momentum last year, Elisa Gomez, director of the National Board of Housing Developers said. Continue Reading…

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Agreements in Panama and Mexico FTA Negotiations

The V round of negotiations is scheduled for 18 and 21 March in Panama City.

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Panama’s banking credit boom

Between January and November 2013, Panamanian banks gave out 14% more loans than in the same period of 2012. Continue Reading…

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Panama’s tourism arrivals exceed forecasts

Panama received 2.27 million tourists throughout 2013, exceeding the country’s tourism authority’s, ATP, goal forecast of 2.25 million. Continue Reading…

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