Panama has the Cheapest Beer in the World!
THIRSTY holiday makers who fancy a pint without blowing the budget should avoid the United Arab Emirates – and head for Panama. A drinkers’ guide names the central American country as the best destination for a cheap drink. The average cost of a pint there is just 30p. This compares with a staggering £7 for [...]
Panama’s Migration Service Expands Hours of Operation
The long lines for which they have to spend thousands of users of the National Migration Service forced the authorities of this institution to change its hours of operation. Beginning August 17, all the administrative staff will begin work at 8:00 am and ending at 5:00 pm. The previous time was 7:30 a.m. to 3:00 [...]
Harper, Martinelli Sign Canada-Panama Free Trade Pact
Aug. 11 (Bloomberg) — Canadian Prime Minister Stephen Harper and Panamanian President Ricardo Martinelli signed a free trade agreement today, continuing Canada’s efforts to bolster investment and trade in the region after negotiations at the Doha round of World Trade Organization negotiations stalled. The agreement will remove tariffs on 90 percent of goods imported from [...]
Global Economic Crisis will not affect Expansion of the Canal
The third set of locks of the Panama Canal should be ready in 2014. The Minister for Canal Affairs, Romulo Roux, said the global financial crisis will not affect the proposed expansion of the Panama Canal. The minister explained, that there is already a funding of 2 million 300 thousand dollars approved by multilateral agencies, [...]
Panamanian government plans to attract investments of regional headquarters
August 2, 2009 by ursula
Filed under Corporate Relocation, News
Government aims to achieve at least one billion dollars of foreign direct investment this year in five years. Exchange. The companies covered by the Act 41 of August 24, 2007 receive tax benefits when they relocate in this country. Companies United States, Singapore, Taiwan, Japan, Europe, Sweden and Norway are touching Panama’s door to implement [...]
Panama is the Fastest Growing Economy in Latin America for 2009 and 2010
Panama will grow 2.5% The commission estimated in December that the country would expand 4.5% this year, but yesterday revised downward the forecast. The Economic Commission for Latin America and the Caribbean (CEPAL) downgraded its growth forecasts for all countries in the region on July 15 and Panama is not immune. The agency now provides [...]
New Rules for Tourist Visas
People who have restricted citizenship and have a visa for the United States, Canada, Australia or the European Union may now enter the country with a tourist visa, as ordered by the government. Citizens of countries like China, UAE, Philippines, India, Bulgaria, Angola, Cameroon, Zimbabwe, among others, and have a visa issued by United States, [...]
Green Investment Opportunities in Panama
Countries such as Germany and Spain have implemented laws that encourage the production of energy from Renewable Resources. Panama is giving its first steps towards alternative ‘green’ energy , which benefit the environment and reduce emissions of carbon dioxide (CO2). In Panama, the largest amount of energy is produced by petroleum (85.4%), but future use [...]
When Conde Nast Traveler Picked 6—Panama Was Number One
In recent years Panama has become a media favorite among the world’s most elite retirement venues. Conde Nast Traveler narrowed the field to six “To Die For” destinations and Panama took top honors. Modern Maturity magazine has positioned Panama as best in the world for 6 years now, and the AARP consistently ranks Panama in [...]
Wondering About Retirement in Panama? Why Not Ask a Friend?
Panama’s retiree community is growing by leaps and bounds everyday. You’ll find tens of thousands of seniors from nations around the world enjoying their golden years in the sun drenched climes of this equatorial paradise. If you are giving some serious thought to retiring here, why not ask a new friend what they think about [...]
