Blog
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Panama Metro begins construction of first station of Line 3
The Panama Metro reported that it has begun the construction of the first station of Line 3, which will link Panama with Panama Oeste, located in Ciudad del Futuro, in the district of Arraiján.
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Amendments to the Law on Horizontal Property Regime are approved in the first debate
The Public Infrastructure and Canal Affairs Commission of the National Assembly made the pertinent modifications to the Horizontal Property Regime (PH), which were approved in the first debate.
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Good time to invest in real estate property in Panama
The president of the Board of Directors of ACOBIR (Panamanian Association of Real Estate Brokers and Promoters), Francisco R. Cheng León, believes that we are currently at a very good time to invest in real estate in Panama as future prices could show an upward trend.
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MIEA increase reflects the recovery process of the Panamanian economy
The Monthly Index of Economic Activity (IMAE) accumulated from January-June 2021 showed an increase of 4.85%, compared to the same period in 2020. This growth reflected that the economy is in a process of recovery, after the impact of the health emergency by COVID-19, according to a report from the National Institute of Statistics and…
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Standard & Poor’s Reaffirms Panama’s Investment Grade at BBB
Standard & Poor’s (S&P) reaffirmed Panama’s sovereign rating at BBB , maintaining the country’s investment grade, while the outlook changed from stable to negative, basically due to the impact of the pandemic on the economy.
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Passenger movement increased through Tocumen International Airport
Tocumen International Airport reported that passenger movement increased in June by 24.9% compared to last May 2021.
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Millicom Announces $ 250 million Investment
Millicom has chosen Panama as the “Fintech Hub” for the entire region with a $250 million investment.
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Panama nominated to Tourism Oscars 2021
Panama has been nominated for the best “Leading Destination in the Mexico and Central America Region”, “Leading Beach Destination”, “Leading Destination for Business Travel” and “Main Nature Reserve”.
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Panama exports surge 54.2% in first quarter
Panamanian exports grew 54.2% in the first quarter of 2021, after reaching a total FOB value of $ 806.3 million.
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IMF estimates 12% growth for Panama
According to the IMF, the growth forecast for the Panamanian economy in 2021 is 12%, underpinned by the boost from the vaccination program, full-scale copper production and the recovery of private investment.
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