Blog

The construction of the Caribbean Corridor project will link the Panama-Colón highway with the Costa Arriba and it will cost approximately $91 million dollars.

Despite the fact that the Economic Commission for Latin America and the Caribbean expects the economic slowdown experienced by Latin America and the Caribbean to increase in 2023, with growth of 1.4%, the growth projection for Panama’s for next year is currently at 4.2%, placing it as one of the highest in the region.

According to the National Institute of Statistics and Censuses (INEC) of the Comptroller General of Panama, the projection of economic growth is in a context of strong macroeconomic restrictions that are hitting the economies of the region, with inflationary pressures, a low dynamism of job creation, falls in investment and growing social demands.

The Air Panama company announced its reactivation of direct flights between Panama City and the district of Pedasí, in the province of Los Santos, with a frequency of 3 weekly flights (Wednesday, Thursday and Sunday), which will boost tourism in that region.

The Panamanian government maintains conservative forecasts of economic growth of around 5% by 2022, according to the Minister of Economy and Finance (MEF).

The Panama Canal, one of the most important megaprojects worldwide, is currently celebrating 108 years of service for the international trade, as well as the constant maintenance of its structures and the preservation of water resources

On August 15th, Panama Viejo will celebrate the 503 years of its foundation by carrying out various activities in commemoration. It was the first city founded on the Pacific coast of Panama, and which marks history as a meeting place for the different routes and international trade.

The value of Panama’s exports in the first five months of this year 2022 amounted to $1,521.3 million, including copper shipments abroad, which represents an increase of 22% compared to the performance accumulated in the same period of the year 2021.