Real Estate News

Tocumen Airport Traffic Increases by 19.5%

Source: Summa News, Apr 8, 2009

At the close of 2008, more than 4.5 million passengers passed through the main airport in Panama, 19.5% more than in 2007.

The increase in traffic is higher than the 6% average for Latin America, according to the report submitted by the International Airport Council.

The secret side of Panama

Source:, Apr 7, 2009

Even the most sophisticated traveler could be forgiven for thinking that there's little more to Panama than its iconic canal, seaside capital, and snorkeler-packed Bocas del Toro islands.

But there's a more secret and equally spectacular side to the country about a five-hour drive west from Panama City: the Pacific coast region of Los Santos. Here, rolling farmlands and stands of mahogany and cocobolo trees hug an azure coastline, luring surfers, nature buffs, and, increasingly, travelers and second-home owners from all over.

CentAm Integration Benefits Panama

Source: Prensa Latina, Apr 6, 2009

Integration process in Central America constitutes an opportunity to Panama, based on the country's competitive advantages and logistics platform, official sources said.

Johanna Hill, Deputy Minister of Economy in El Salvador, noted that Panama also constitutes a natural business center, with a very developed business sector.

Panama Continues on Top in Maritime Registry

Source: Summa News, Mar 30, 2009

In the competition that several nations have for ship registry, Panama continues to exert its leadership, particularly in the important area of new vessels, followed by Singapore where 852 new ships have requested registry.

Some 765 thousand international cargo ships that will come into operation by 2010 have applied for a Panamanian flag.

Panama Canal conducted ECOCANAL drill

Source: The Panama Post, Mar 30, 2009

For 48 hours Panama's security and rescue bodies rehearsed a joint operation, named ECOCANAL, to systematically deal with a possible emergency on the Panama Canal.

Under the Panama Canal Authority's (ACP) direction, and with the help of the U.S. National Response Team (NRT), state organizations simulated the response to a simulated incident involving hazardous materials or an oil spillage.

Panama, Belgium signed investment protection agreement

Source:, Mar 27, 2009

Panamanian President Martin Torrijos and Belgium Prince Philippe met last Thursday to negotiate an agreement on investment protection. The agreement was signed on Thursday by Panamanian temporary Foreign Minister Ricardo Duran and Belgian Business Minister Vincent Van Quickenborne.

Van Quickenborne hailed the importance of commercial protection approaches between the two countries as the commercial cooperation and the European investors' interest in the Panama Canal deepened.

UNFPA established an office for Latin America and the Caribbean in Panama

Source:, Mar 27, 2009

Population Fund for Latin America and the Caribbean (UNFPA) established a regional office in the Panamanian capital, an official source reported.

The Panamanian Vice Chancellor Ricardo Duran said that with the installation of UNFPA in Panama strengthens the partnership between all the UN agencies in the country, "which will bring about new initiatives and opportunities for dialogue, exchange and enrichment to the State of Panama."

January withstand crisis: economical activities grew 4.9%

Source:, Mar 25, 2009

The Monthly Economic Activity Index recorded in January grew 4.9% over the same month last year, according to the National Comptrollerīs Office.

The economic activities that grew the most were port services, construction, tourism and mining and quarrying.

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