(Panama America) During 2010, Panama received U.S. $ 2.362 million in foreign investment, an increase which accounted for 33 percent over the previous year. The Minister of Trade and Industry, Roberto Henriquez, said these results reflect the confidence investors have in an economy with sound macroeconomic fundamentals, positive growth prospects and laws that … [Read more...]

(Panama Digest) Panama comes in 56 of 139 countries in this year’s World Economic Forum Travel & Tourism Competitiveness index. The report is published every two years and measures the factors and policies that make it attractive to develop the travel and tourism sector in different countries. It is based on three broad categories of variables that facilitate or drive … [Read more...]

(prensa.com) Panama's economy grew 8.7 percent in the fourth quarter of 2010 compared to the same period of 2009, pushing the expansion of the country's gross domestic product for 2010 to 7.5 percent. "This growth is explained by the global economic recovery, which influenced economic activity in Panama," said officials with the Ministry of Economy and Finance. The … [Read more...]

(Newsroom Panama) Panama’s banking industry, a major contributor to the country’s economic well being, is going through another period of expansion. Nine  new banks were registered in 2010, bringing the total to 94. Four of the new banks are Panamanian, two foreign and three have international licenses. One of the new banks is Uni Bank and Trust Inc., on Avenida Balboa, … [Read more...]

(prensa.com) Dominique Strauss-Kahn, the director of the International Monetary Fund, has said a recently completed review of Panama has identified two major potential issues facing the country. These issues are the danger of the economy overheating due to rapid investments in public infrastructure and the need to improve the public education system. The officials said … [Read more...]