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foreign investment

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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Panama, the Latin America business hub

Panama is fast emerging as a business hub in Latin America with many incentives for companies to set up in the region, says Michael Hatchwell on the web site “Global Legal Post,” an international network.
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Canal Authority rejects latest consortium proposal

The Panama Canal Authority (ACP ) has rejected the  financial proposal from Salini Impregilo of the consortium Grupo Unidos por el Canal ( GUPC ), which calls for hundreds of millions of dollars to continue work on the Canal expansion. Continue Reading…

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What your money buys in Panama

The change in demographic of the real estate buyer in Panama over the last five years has resulted in a surge of new, higher-end property offerings.  Prices on Panama real estate have been driven up due to both increased purchasing power of the local Panamanian market along with a new type of foreign buyer who in all likelihood is still working (as opposed to retired, which was the typical buyer from five years ago), with higher expectations on quality and amenities, and less restrictions on budget.

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Price drops as no bidders for Atlapa

Atlapa, Panama’s long time convention center and home to cultural and business events from Opera and book fairs to car shows and international trade fairs is up or grabs – but no takers. Continue Reading…

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