Avianca Brings Forward Cessation of Flights to Venezuela


News from Panama

Due to operational and security limitations, the airline has decided to bring forward the suspension of its flights from Lima and Bogotá to Caracas from July 27, instead of August 16 as originally planned. From a statement issued by Avianca: Bogotá, July 27, 2017. Due to operational limitations registered in the last few hours, Avianca is […]

July 30, 2017

Panama: Economic Activity Grows 6.5% up to May 2017


News from Panama

Between January and May, the monthly index of economic activity varied by 6.49% with respect to the same period in 2016, mainly due to the activities of construction and exploitation of mines and quarries. From a report by the Comptroller General of the Republic. The Monthly Index of Economic Activity (IMAE) in the Republic, for […]

July 30, 2017

Colombia’s Attorney General Reveals Odebrecht Bribes Exceed US$27 Million


News from Panama

  The attorney general, Néstor Humberto Martínez, has recently revealed that in Colombia the exceptionally corrupt construction giant Odebrecht has paid bribes to the amount of  USD $27 million USD ($84 billion Colombian pesos).The prosecution revealed new details involving Colombian politicians in Odebrecht‘s bribery networks. Read More: Colombian Judge Requests Investigation of President Santos over […]

July 27, 2017

Economic Activity in Central America Up 3%


News from Panama

The monthly index of economic activity in the region, compiled by CentralAmericaData, registered a year-on-year growth of 3% in April. Figures from the Information System ´Central American MacroeconomicMonitoring´ by the Business Intelligence Unit at CentralAmerica Data:[Figure caption = “Click to interact with the graphic”] Explore data in interactive graphs.  Central American IMAE In April, the monthly variation of […]

July 27, 2017

Projections for the Electricity Market in Panama


News from Panama

The National Interconnected System Expansion Plan for the period 2017-2031 will be put to public consultation until August 31. The Expansion Plan for the 2017-2031 National Interconnected System was prepared by Etesa and will be available for public consultation until August 31.  From the summary of the document:  Demand projections indicate that consumption of electricity in the […]

July 27, 2017

Tender: $20 million to build schools


News from Panama

The Ministry of Education in Panama is putting out to tender the construction and equipping of several educational centers in the provinces of Chiriquí, Bocas del Toro and Veraguas. Panama Government Purchase 2017-0-07-0-09-LV-031049: “Description design, preparation and approval of plans, construction of new infrastructures, supply of furniture, remodeling and improvement to the La Primavera school, Santiago district, Santiago district, Veraguas province.” The deadline for […]

July 27, 2017

License for 40 MW Wind Farm


News from Panama

In Panama, Clean Green Energy S.A. has been granted a provisional license for the construction and operation of a wind farm with an installed capacity of 40 MW in the province of Colón. From Resolution AN No.11357-Elec:  IT IS RESOLVED: FIRST: To grant to CLEAN GREEN ENERGY, S.A., registered in the Public Registry, on File 155635462 […]

July 26, 2017

Tender for Fourth Bridge Over Canal Postponed


News from Panama

The opening of proposals in the tender to design and build the fourth bridge over the Canal will be held on September 5, and four consortiums of the six who initially prequalified will be participating. The consortium made up of the Korean company Hyundai and Spain’s Sacyr, one of the six entities prequalified to participate in the […]

July 26, 2017