Since the country has not made enough efforts to eradicate illegal fishing, the European Union sanctioned it with a yellow card, a warning that precedes the red card, which if applied would prohibit the entry of Panamanian fishery products into Europe. After the corresponding audits were carried out, the sanction to Panama dated December 16, […]
In the first six months of 2019, Central American countries imported $38 million in wine, and purchases from Chilean companies increased by 11% over the same period in 2018. Regional Business Upwards Between the first half of 2018 and the same period in 2019, the value of wine imports into Central America registered a 2% […]
The US showed us as an example of how this can be a problem. The Panamanian business sector believes that increasing the minimum wage under current conditions will generate more unemployment and increase informality in the labor market. With the possibility of an increase in the minimum wage next year, the National Council of Private Enterprise […]
AM Best has maintained a stable market segment outlook on Panama’s insurance industry, citing sound capitalization among the country’s carriers, their profitable underwriting strategies and improving risk management practices. Panama remains a consistent growth driver for Central America’s overall insurance market, and in 2018, the country’s insurance market expanded by 3.9%, slightly outpacing gross domestic […]
The Panamanian government’s optimistic projections are based on the publicity that finally began this year at the international level, with the injection of $20 million into the Tourism Promotion Fund. The campaign to promote Panama as a tourist destination in the main international markets began in November of this year and will be active for […]
Bnamericas put out a great article of the future projects in Panama. Panama could see works begin on some major infrastructure projects next year, in addition to progress continuing on other important developments that are already underway. Some of these projects may get a boost from a plan for private sector investment in Latin America, […]
Responding to the growing demand for the air route, Air China confirmed that it will increase the weekly frequencies it operates between Beijing and the Panamanian capital from one to three in the coming months. Although did not specify the date when the three frequencies would start operating, officials from the Panama Tourism Authority (ATP) […]
Acting Secretary of Homeland Security Chad F. Wolf and Panamanian Minister of Public Security Rolando Mirones signed a Letter of Intent for Security Cooperation at DHS headquarters in Washington, DC, to improve the two countries’ collaborative security efforts. “Today marks a big step forward in confronting the significant security challenges across Central America together with […]
The Trump administration plan will be aimed at 30 countries of the continent and is called “America Crece”, and consists mainly of the development of private investments, granting loans and sale of natural gas surpluses. The U.S. government’s objective is that, with the application of América Crece, job creation will be facilitated through the development […]
Nanette Witmer writes for International Living about our cost of living here especially for retirees. Many people don’t realize that Panama’s famous Pensionado discounts are given to all who qualify by age—expat or Panamanian. When women reach the age of 55 and men 60, they are entitled by Panama law to receive the benefits referred […]