Panama shows interest in Belarus farm machinery


News from Panama

Panama is showing its profound interest in looking into the possibilities of acquiring Belarus’ agricultural machinery. The matter was discussed during a visit of Belarus’ Ambassador to Ecuador Igor Poluyan to Panama, BelTA learned from the website of the Belarusian embassy. The head of the Belarusian diplomatic mission presented copies of his credentials to acting […]

April 16, 2018

Generali sells operations in Panama and Colombia


News from Panama

Assicurazioni Generali SpA (G.MI) said on Monday that it has finalized the sale of its operations in Colombia and Panama as part of the company’s plan to rejig its international footprint. The Italian insurer said the total consideration for the two sales was approximately 170 million euros, adding that the deals would allow it to […]

April 16, 2018

Panama – Venezuela Conflict Worsens


News from Panama

In response to actions taken by the Maduro government, Panama will suspend cargo and passenger transport activities of Venezuelan airlines operating in the country for three months Immediately after the retaliation measures that the Varela administration intends to implement were made public, the Venezuelan government announced it will suspend economic relations with more companies in […]

April 16, 2018

Real Estate Market: Ambitious Projections for 2018


News from Panama

This year in Panama realtors expect to sell 9,000 homes and generate $1.146 billion, which would be a 34% increase compared to the value sold last year. The National Council of Housing Promoters (Convivienda) plans to sell 8,958 units of housing nationwide this year, after having sold 7,219 units last year. See also “Central America: […]

April 16, 2018

Panama Reports Inflation of 0.6 Percent in March


News from Panama

Panama has done a good job of tackling inflation as reported by Reuters. Panama consumer prices rose 0.6 percent in March from the same month last year, driven by increases in prices for education, restaurants and hotels, the Central American nation’s comptroller said on Friday. Between January and March, Panama registered inflation of 0.4 percent, […]

April 16, 2018

Panama Issues $1.2 billion in Bonds


News from Panama

Panama government bonds are in high demand with offers received for 3 times more than are being issued. The government issued $1.2 billion worth of debt securities in the international market, maturing in 2050 and with a coupon of 4.5%. From a statement issued by the Ministry of Economy and Finance:   April 9, 2018. The […]

April 16, 2018

More Cruises Arriving at Amador


News from Panama

I cannot wait for our new cruise terminal and the numbers show the need for the expansion. The number of tourists that arrived at the Amador marina in the first quarter of the year almost tripled compared to the figure for the same period in 2017, and the number of cruises grew by 45%. From […]

April 16, 2018

Gunas, the Ethnic Group Cornered by Climate Change


News from Panama

Mary Triny Zea writes for LatinoRebels on who climate change is affecting the Guna and their islands in the San Blas. The natives of Cartí Sugdup island, in the archipelago of Guna Yala —known worldwide as San Blas— on the northeast end of the province of Panama, are ready, between fears and hope, to move to […]

April 16, 2018