Panama to start reopening economy as coronavirus infection rates fall


News from Panama

Panama announced plans on Monday to begin a phased reopening this week of its economy, including e-commerce, mechanical workshops and fishing, after slowing the spread of coronavirus infections. The reopening will take place in six phases from Wednesday, weighing factors such as virus transmission, its strength and economic impact, said Commerce Minister Ramon Martínez. Earlier, […]

May 19, 2020

Panama: Digital procedures in times of COVID-19


News from Panama

Directorate General of the Industrial Property Registry The General Directorate of the Industrial Property Registry (DIGERPI) authorized by Resolution No. 36 of April 30, 2020, the reception of new trademark applications and petitions for procedures for trademark applications already filed and registered by e-mail. All the documents that are presented electronically must be physically provided […]

May 11, 2020

Central America: Threats to the Supply Chain


News from Panama

Since El Salvador, Costa Rica and Panama have set a 72-hour time limit for freight drivers operating in the region, hundreds of units have decided to halt their operations as a measure of pressure. Due to the health crisis resulting from the covid-19 outbreak, Salvadoran, Costa Rican and Panamanian authorities decided that the drivers of […]

May 11, 2020

Who Are the Operation Gideon Americans Captured by Maduro?


News from Panama

Luke Denman and Airon Barry were on a fishing boat, and along with dozens of Venezuelan citizens, they wanted to capture Nicolás Maduro. At least two American citizens were arrested by the Nicolás Maduro dictatorship after a “failed incursion” called Operation Gideon, which sought to overthrow the regime. They are two former U.S. military veterans […]

May 11, 2020

Meat: Forecast for the Panamanian Market


News from Panama

When the country’s authorities begin to lift the restrictions that have been taken to prevent the spread of covid-19, it is predicted that in the meat sector, sales of chicken could contract by 2%. Through a demand/income sensitivity model developed by the Trade Intelligence Unit of CentralAmericaData, variations in household demand for different goods and […]

May 11, 2020

Electronics and IT: Market Trends


News from Panama

In recent weeks, interest in the region’s markets for electronic equipment, computers and technological services has clearly picked up, with educational software and computer security services being among the most marked trends. Using a system that monitors in real time changes in consumer interests and preferences in Central American countries, developed by CentralAmericaData‘s Trade Intelligence […]

May 11, 2020

Credits in Panama: Moratorium Until the End of 2020


News from Panama

The Executive and the banking sector agreed to extend until December 31st of this year the moratorium on credit payments, a measure that applies to mortgages, personal loans, the agricultural sector, commercial, transportation, auto and credit cards. The government also reported that in the context of the covid-19 outbreak, President Cortizo sanctioned Bill 295 which […]

May 11, 2020

IFF Panama launches first virtual co-production forum


News from Panama

IFF Panama festival director Pituka Ortega Heilbron IFF Panama has scheduled its first virtual Co-Production Form, Panama Film Match, for filmmakers in the Central America and Caribbean region. Ten projects from Costa Rica, Guatemala, Dominican Republic and Panama will participate from May 18-22, with four hailing from the host country. Participants will compete for a […]

May 11, 2020

First Climate and Enel Green Power Panama sign agreement for the sale of International Renewable Energy Certificates


News from Panama

This is the first transaction to sell this kind of certificates to a counterparty, other than a Large Client, by an energy supply company in Panama. Enel Green Power Panamá, a renewable energy subsidiary of Enel Group, has signed an agreement for the sale of International Renewable Energy Certificates (I-RECs) with First Climate, a German-based […]

May 11, 2020