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More European Travelers Using Tocumen

Posted on 2017-07-14

From a statement issued by the Tourism  Authority of Panama:   From January to May 2017, a total of 102,388 passengers from Europe came into the country through Tocumen International Airport, some 20,754 more than in the same period in 2016, a growth of 25.4%.   The European airlines that increased passenger revenue in this period of 2017 were: Iberia, with a total of 30,...

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Panama achieves positive rating of the OECD Global Forum

Posted on 2017-06-30

Panama received a positive rating in the evaluation of the exchange of fiscal information of the Global Forum on transparency and exchange of tax information from the Organization for cooperation and economic development (OECD) announced so the Panamanian Government. Forum assigned a temporary grade of "complier greatly" to the country, the second best note which cannot be obtained, explained Publius Cor...

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Panama: Foreign Investment Up 11%

Posted on 2017-06-20

Foreign direct investment, during the first quarter of 2017, totaled B /.1,315.4 million, representing 10.7 percent more than the B /. 1,188.7 million recorded during the same period last year, according to preliminary figures from the National Statistics and Census Institute (INEC) at the Office of the Comptroller General of the Republic. INEC stastics indicate that, in the first three months of 20...

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These are the numbers and details of the relationship between China and Panama

Posted on 2017-06-13

12 June, Panama announced a change in its commercial and diplomatic strategy to sign an agreement to establish diplomatic relations with China popular and break with Taiwan.  Mainland China is the fourth largest trading partner of Panamanian exports in 2015, representing 5.9% of the total FOB value, is also the number two Panama Canal user. To this is added that the Asian country is China the third ...

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Panama Canal breaks new record

Posted on 2017-06-09

The Panama Canal set a new record in February 2017 after reaching a daily average of 1.18 million tons of the channel (PC/UMS), with 1,180 ships transit through the Canal expanded and original. The previous record was established in January of 2017 with a daily average of 1.16 million PC/UMS tons to navigate 1,260 boats. This is the third consecutive month of records for the Panama Canal. In Decembe...

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Germans Looking for Tourism Business in Panama

Posted on 2017-05-31

A group of German wholesale travel agents will be meeting with local tour operators to explore business opportunities. From a statement issued by the Panamanian Tourism Authority: A total of 11 German tour operators from the Lufthansa City Center chain will be staying for a week in Panama in order to familiarize themselves with the tourist market and set up tour packages including destinat...

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Panama among the best destinations for congresses and conventions

Posted on 2017-05-22

The ICCA report measures the most popular destinations for the celebration of international conventions based on the greatest number of events, in which Panama - by region - improves its position with 45 events over Costa Rica and Dominican Republic. Gustavo Him, Minister of tourism of Panama, said that the ATP has worked together with the private sector to resume the tourism of congresses and conventions, so the ...

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Companies offer 2,400 job places in Panama

Posted on 2017-05-08

2,400 workplaces are available at the Free Employment Exchange of the Ministry of Labor and Labor Development (Mitradel). Among these offers 306 vacancies are for food handler, 189 for general assistant, 182 for registration staff and another 175 for cashiers. There are also vacancies for vendors, mooring review, demonstrators, BDI updaters and office managers, customer service, drivers, lift brigade, sa...

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ATP promotes unique contrasts of Panama in American countries

Posted on 2017-04-28

A promotional campaign with videos and online banners on the contrasts of the Panama destination for vacations were launched this month by the Panama Tourism Authority and Copa Airlines in the United States, Brazil, Mexico and Colombia.   The campaign, which consists of two videos and eight banners, is focused on 5 strategic pillars: city, shopping, nature, history and beach. It will be advertised in digi...

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International Event on Quality Standards in Tourism

Posted on 2017-04-25

From a statement issued by the Tourism Authority of Panama: From May 22 to 27 Panama will be hosting the twelfth plenary meeting of the ISOTC228 Committee on Tourism and Related Services, an organization that aims to ensure the quality of tourism internationally. Last year in Kuala Lumpur, Malaysia, Panama managed to obtain the votes for hosting this committee in 2017, in which Argentina, ...

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New Multimodal Zone at Panama International Airport

Posted on 2017-04-24

The Tocumen International Airport Free Zone is designed to serve as a port of import, export and transit of high value merchandise The air freight transport in Panama is becoming more consolidated, so the administration of the Tocumen International Airport, today launches its new development proposal called "The Multimodal Zone". With an initial investment of $ 11 million, the main goal of '...

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Panama and Costa Rica between the 10 Latin American destinations with the best Tourism competitivene

Posted on 2017-04-21

The World Economic Forum (WEF) World Tourism Competitiveness Index (WEF) 2017 revealed the list of countries best positioned in the tourism sector worldwide. According to the EMF report with 41 million international arrivals in 2015 and an average growth of 5%, the travel and tourism industry has incredible potential to help generate growth, create jobs and enable development, especially in Latin Americ. According...

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In 2016 foreign investment in Panama increased by 17.8%

Posted on 2017-04-20

The XXXV international fair Expocomer 2017, which brings together from Wednesday March 22 in Panama about 10,000 businessmen from more than 30 countries, consolidates the country as a business center, said its promoters. Presidential Minister Álvaro Alemán said at the opening of the fair that Panama, like Latin America, faces difficult situations due to different corruption cases, and defended t...

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More Flights to Bocas del Toro

Posted on 2017-02-03

From February 24 AirPanama will increase the number of flights made from Panama City to the airport in Isla Colon from three to four.   From a statement issued by the Tourism Authority of Panama:   From February 24, Air Panama will increase the number of daily flights to the province of Bocas del Toro from 3 to 4, while during holidays, long weekends and we...

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Panama: Value of New Construction Down 3% in 2016

Posted on 2017-01-31

In San Miguelito and Panama the reduction compared to 2015 in the value of buildings, additions and repairs was 28% and 8%, respectively.   Figures from the Office of the Comptroller General of  Panama show that by the end of 2016 the value of construction, additions and repairs amounted to $2.088 billion, 3% less than the $2.075 billion in 2015.    ...

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Panama: Job Hiring Up 5%

Posted on 2017-01-27

Between January and December hiring by the private sector went up by 5% compared to the previous year, driven by fixed term contracts, which grew by almost 9%.   Figures from the Ministry of Labor and Workforce Development (Mitradel) show that in 2016 290,367 new contracts were signed, of which 114,553 were for fixed term contracts, 81,265 were permanent contracts and the rest were for spe...

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Panama: Economic Activity Up 4.6%

Posted on 2017-01-26

The economic activity index recorded an annual increase of 4.6% in November, mainly due to the activities of Trade and Transport and communications.   From a report issued by the National Institute of Statistics and Census:   The Monthly Economic Activity Index (IMAE) in the Republic for January-November 2016, measured in terms of the original series in 199...

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Panama: New rules for Reinsurers

Posted on 2017-01-09

A new law is being prepared that will change the capital requirements and other requirements for granting licenses to reinsurers operating in the country.   The proposal by the Insurance and Reinsurance Superintendency of Panama was revealed weeks after the intervention was ordered into the reinsurer Istmo Compañía de Reaseguros. This process was not the only one in 2016, as ...

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