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.
Tocumen International Airport is getting ready to advance the gradual transfer process of three of the air operators with international services that will process passengers in the new Terminal 2 (T2).
The estimate of the Gross Domestic Product (GDP) in the first quarter of 2022 presented a growth of 13.6%, compared to the similar period of the previous year.
The renowned risk rating agency Fitch Ratings affirmed the long-term international issuer risk rating (IDR) of the state-owned National Bank of Panama (Banconal) at “BBB-“, with a Stable Outlook; as well as affirming the local Long-Term rating at “AAA (pan)”, with a Stable Outlook.
Tocumen International Airport received the distinction of “Best airport in Central America and the Caribbean”, according to the satisfaction survey carried out by the consulting firm Skytrax.
Saudi Arabia and Panama have discussed the bases of mutual interest with a view to reaching agreements for future exchanges and possible projects linking both nations.
anama has a resilient economy regardless of both local and foreign shocks and those that have occurred as a result of the pandemic, and now the exponential threats of interest rate hikes.
According to the Treasury General Account 2021 of the Ministry of Economy and Finance (MEF), the foreign Direct Investment (FDI) in Panama had a flow of $1,611.2 million in the third quarter of 2021, which represents an increase of 61%, that is, $610.8 million compared to the same period of the previous year.
