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BaseCamp Establishes A New Tech Park In Panama

Panama has been actively on a  mission to become one of the world’s most important business hubs and has taken strong steps toward that goal in the last years. With over 160 registered multinationals in the country, many enterprises across the world have found their home in this Central-American nation, thanks to the generous benefits the country offers, and the list keeps growing every …

Panama Reopens and So Do Real Estate Companies

Despite quick implementation of extensive measures in March of this year to contain COVID-19, containing the pandemic in Panama has proven challenging.  Early encouraging numbers were followed by a spike in cases that has led to prolonged closings of businesses and strict stay at home measures.  In August, these measures finally beginning to result in reduced numbers of daily new cases, even in the …

Panama Is Reopening Its Economy

Panama’s response to COVID-19 has been noted as one of the earliest and most comprehensive in the Americas.  As a result, as many countries in the region are reaching peak case loads, Panama has avoided overburdening it’s medical system and ICU units,  and on Monday June 1st, begin to take the first steps towards reopening its economy. Panama’s measures to contain COVID-19 were early …

Foreign Investment Outlook in Panama Remains Strong for 2021

Despite a global pandemic, Panama is continuing to attract significant foreign direct investment in both real estate and infrastructure.  The country remains a top of investment destination in Latin American due to its extended record of economic growth, stable government, dollarized economy and favorable business environment.  In 2019, Panama received half of the foreign investment made in Central America ($6,578 million dollars) according to …

How Panama will emerge a winner coming out of COVID-19

Recently, Moody’s Investor Service, one of the most prestigious rating institutions in finance, estimated that Panamanian GDP per capita will be the highest in Latin America in 2021, making it, by one metric, the richest country in the region.  Just four years ago, Harvard Business Review identified Panama as one of 25 countries projected to grow the most over the next five years, and …

“Preparation Is Key”: Lessons from Panama’s Pandemic Response

A humanitarian aid center in Panama City LUIS ACOSTA/AFP via Getty Images     The country’s coordinated response is setting a template for others, but it’s not out of the woods yet. PANAMA CITY – “This Panama Papers stuff? It’s time to erase all that,” said President Laurentino Cortizo, during a live press conference on April 7. “That’s not the Panama the world has …

ROSA – The Cyber Automated Assistant in Panama’s Coronavirus Effort

(Panama City-ANPanama)  Panama’s automated assistant Rosa is another indicator of Panama’s rapid response in dealing with COVID-19.   Panama quickly developed and launched ROSA in March, and it is immediately proving to be another effective measure to contain the advance of the Coronavirus by helping to detect cases at an early stage, which is key to mitigating contagion and mortality. The Ministry of Health (MINSA) and …

Nestle to open Regional Center

As announced by Panama’s Minister of Trade and Industry, Nestlé S.A. will be opening a Regional Business Center in this country.  This update falls very positively into Panama’s plan to leverage its value as a strategic hub for countless global business initiatives. The Swiss company only has 2 other centers of this kind, located in Switzerland and Malaysia. Nestlé is not a stranger to …

Panama: Innovation hub for 2020

One of the biggest concerns for investors looking to start a business in Panama or move to Panama and start a different life is the uncertainty about the tools available for a comfortable living. Is this country ready to sustain a thriving business or a luxury city life? Fortunately, the answers can clear up all concerns. The growth of Panama technology is constant, especially …

The Canal Expansion will improve Panama’s Economy and Commercial Influence

Good news keep coming for the country’s economy and for those looking to make business in Panama. The Panama Government presented  last week the official Budget for 2016, reflecting an increase of USD $534M and based on an economic growth of 6,3%.  At the same time, a report presented by research and consulting firm Oxford Business Group (OBG) shows the Canal expansion will help …

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