Fiscal Outlook in Central America


News from Panama

In one of the regions that receives the least amount of taxes in the world, the tax burden remained relatively stable in 2017. From the section Fiscal Outlook for Central America, from the report “Macro-fiscal Profiles: 9th edition”, by the Central American Institute of Fiscal Studies (Icefi): In 2017, the fiscal trajectory of countries in […]

March 6, 2018

Panama Aspires to Become Chinese Gateway to LatAm


News from Panama

Located in the heart of the Americas, Panama aspires to become a gateway to Latin America for Chinese tourists, the country’s tourism minister said. “Due to its strategic location, Panama automatically becomes a gateway to the entire region,” Gustavo Him also told Xinhua prior to flying to Beijing at the head of a 10-member delegation, […]

March 6, 2018

New Brazil-Panama Flights


News from Panama

Copa Airlines is launching new flights between Panama and both Salvador and Fortaleza in Brazil. The carrier will fly to Fortaleza and Salvador beginning July 18 and 24, respectively, adding up to a new total of nine destinations in Brazil for Copa. It also means two more cities to connect to Panama’s large hub in […]

March 6, 2018

Rise in Poultry Production in Panama


News from Panama

The poultry producers’ association estimates that production of chicken meat has grown by almost 40% in the last nine years, while annual per capita consumption went from 68 pounds in 2007 to 92 pounds at present. inShare The figures are estimates from the National Association of Poultry Farmers (Anavip), whose data indicates that in 2008 […]

February 26, 2018

$12 million Tender for Urbanization Works


News from Panama

Tocumen Panama is putting out to tender the adaptation of access roads, subdivision and urbanization of 13 hectares of land that will be used for the first phase of a free zone to be built on the airport’s premises. Panama Government Purchase 2018-2-02-0-08-LV-007334: “According to the guidelines established in the 2015 Master Plan, Tocumen International […]

February 26, 2018

Frozen Shrimp Trade


News from Panama

Between January and September of 2017, Central American countries exported $275 million worth of frozen shrimp and langoustine, 22% more than in the same period in 2016. Figures from the information system on the Market for Shrimp and Frozen Langoustine in Central America compiled by the Business Intelligence Unit at CentralAmericaData: Click to interact with graph […]

February 26, 2018

Panama Needs More Electricity


News from Panama

Construction projects for water treatment plants, and extensions to the Metro and the airport, are works that will considerably increase demand for electricity in the coming years. According to the National Interconnected System Plan 2017-2031, construction of several water purification plants in different areas around the country will increase demand for electricity, as they are […]

February 26, 2018