In the first six months of last year, countries in the region imported $38 million in wine, 17% more than in the same period in 2017, a rise caused by purchases from Chile and Spain. Regional business upwards Between the first half of 2017 and the same period in 2018, the value of wine imported […]
Because the economy is on the road to rebound after a temporary slowdown, the entity forecasts that in 2019 will register a 6% increase and not 6.3%, as initially planned. Panama’s economic fundamentals remain strong. The economy is on the road to rebounding from the temporary slowdown and will be gradually converging to its potential […]
On Avenida Balboa, Panama City’s premier seafront avenue, the 50 story tower blocks form a near continuous wall of glass to the Pacific Ocean. At night, however, most of the luxury apartments remain in darkness and the basement casinos are eerily deserted. Panamanian real estate was a favourite investment of the boliburgues, Venezuelans who grew […]
What was already one of the leading destinations for expats in the Caribbean just got another boost. Bocas del Toro, the beach-filled archipelago off the Caribbean coast of Panama, is now home to a new real estate project: the Blue Pearl Island Suites. The new project is set at the Red Frog Beach Resort in […]
Despite the location and the fiscal benefits that in some cases the countries of the region offer, the lack of education of the population will be the main barrier to continue attracting large investments. The lack of guarantee of finding the competent and sustainable human capital necessary for the proper operation of companies is an […]
Panama’s parliament passed a bill on Monday that elevates tax evasion to a criminal offense, in a move the goverment hopes will enable the country to stay on the right side of international regulators. Just two days later, the European Commission (EC) added Panama to its blacklist of countries deemed “uncooperative” on money laundering. The […]
Expansion of highways in Panama and El Salvador, construction of a border bridge in Guatemala and a cultural complex in Honduras are part of the public works to be developed in the region. The interactive platform “Construction in Central America“, compiled by the Trade Intelligence Unit at CentralAmericaData, includes an up to date list of […]
Panama’s government says it will build a migrant shelter on its southern border with Colombia, after the latest wave of migrants crossed into the country. Some 716 migrants, mostly Cubans, entered Panama over the weekend through the jungle province of Darien. The director of Panama’s immigration agency says the latest group also included migrants from […]
Four years after the first Cuban migration crisis in Central America, about 600 Cubans and another 120 migrants from Haiti and Africa are again in Panama as part of a “freedom caravan” to the United States. “We want to go on! We want to go on!” the migrants are seen shouting at officials of Panama’s […]
Here is a satellite shot from NASA showing a panoramic view centered on the Azuero Peninsula of Panama. The southwestern Caribbean Sea and the cloud-covered Isthmus of Panama are to the left and the Gulf of Panama and the eastern Pacific Ocean with sun glint are on the right. Robin Andrews writes in Forbes about how […]