(NPR.org) The Central American nation of Panama is booming. Fueled by a multibillion-dollar expansion of the Panama Canal, a thriving banking industry and capital flight from Venezuela, the tiny nation has the highest economic growth rate in the hemisphere. But even as the government builds a subway system and markets the country as a tropical paradise for multinational … [Read more...]
Panama Economy boosting all of Central America
(Prensa.com) Central America will have a real growth of about 4%, which is largely driven by Panama, Costa Rica and Nicaragua, said on Tuesday, March 27, the Central Institute for Fiscal Studies (ICEFI) . The three remaining nations, El Salvador, Guatemala and Honduras, in contrast, have a growth of between 2.2% and 3.5%, said today Efe ICEFI executive director, Hugo Noe … [Read more...]
Panama’s 2011 GDP up 10 percent
(Prensa Latina)Panama will close 2011 with a growth in the Gross Domestic Product of over 10 percent, as announced by Panamanian Economy and Finance Minister Frank de Lima in a meeting with foreign reporters. De Lima said this growth, well above the seven-percent expected, is due to the mega-projects developed by the government, the work developed by the Free Trade Zone in … [Read more...]
Panama to strengthen ties with India
(Economic Times) Being a pioneer in agricultural research and genetic development in rice, Panama can extend support and collaboration with India in the field of Agro Research, Dr Ruben Berrocal, Minister of Science and Technology, Republic of Panama, said today. The Republic was also looking forward to strengthening relationship with India, especially in the field of … [Read more...]
Panama Free Trade Zone transactions climbing
(Newsroom Panama) Panama"s Free Zone registered commercial transactions of  $8,076 million,  until the end of July, about  $2,202 million more than the same period last year, said a Friday report from the Ministry of Economy and Finance (MEF). Principal destinations highlightred were: Puerto Rico sold $ 1,987 million, Venezuela at $1.239 million, followed by Colombia with … [Read more...]