Panama is a small country consisting of an area equal to almost half the size of the state of Florida. Its population is the smallest of all Spanish-speaking Latin American countries at just over 3.3 million, but despite its small size and population, the prog...
Panama and the ATP gain market ground in Europe The Tourism Authority of Panama (ATP) was present in the International Tourism Fair Vakantiebeurs in the Netherlands and in Madrid’s big tourism fair, Fitur 2010. In The Netherlands, more than 1,000 people were attracted to Panama’s stand. KLM&rsqu...
Panama's economy grew 2.4% despite global economic turmoil Panama's government announced this month that Panama's GDP grew 2.4% in 2009. This growth came despite one of the worst global economic turmoil since the Great Depression of the thirties. Panama's economy was very strong before it happened bankruptcy of Lehman...
Panama Tourism Authority closes important deal with Globalia Air Europa will provide four non-stop flights between Madrid and Panama City before the end of the year and massive promotion of Panama will begin in Europe. The Panama Tourism Authority (ATP) has signed an agreement with Air Europa that stipulates that before...
First Metro Route Established: From Albrook to Los Andes The route for the new metro that will serve Panama City was revealed recently by the Metro Secretary, Robert Roy. The route proposed for "Line 1" is 14 kilometers long and has 16 stations. It will run from the National Bus Terminal in Albrook to the ...
How to Lower your Property Taxes If you have purchased real estate in Panama, or are planning on doing so the following may significantly lower your property taxesLaw 21 of the fifteenth of April of 2008 establishes extensions to the tax exonerations set forth by Law 6 of 2005. These exonerat...
A Plan to Unlock Prosperity Ten years ago this month Panama took possession of the canal that bears its name. It has high hopes for a $5.25 billion expansion of the waterwayCAPTAIN HARIDAS PILLAY looks down anxiously from the bridge. He brings his ship through here every month, but it is...
New Property Tax Law in Panama A new tax law has been recently approved and it has been put in force. Many changes have been made to the tax law that still need to be reviewed, but here we list the most important ones concerning real estate properties.
The main changes are the&nb...
Panama Survived the Crisis The economy and the global financial system were pushed to the brink a year ago. The world entered in what has been called as "the worst crisis of the past 70 years". The major industrial economies contracted, production and international trade fell ...
Venezuelan Entrepreneurs will be able to Develop their Business in Panama Despite the current global financial crisis and the fear generated by the entrepreneurs, investing in new businesses is seen as a hopeful atmosphere in Panama, a country that has shown in the last three years an economic growth between 8 and 11% and, for 2009,...
