Politics & Government

Venezuelan Investment on the Rise in Panama

Topics::

Andrés Salcedo, Energy Freight Panamá, S.A., real estate investment, foreign investment, Business and Investment, Banking, Panama, Venezuela

Source: pa-digital.com.pa
Monday, June 22, 2009

In April, Venezuelan deposits in Panama's banks summed $1.401 billion.
In the Colón Free Trade Zone, the amount of Venezuelan capital has reached $2.5 billion.

Michelle Domínguez, writes for Panama America's website: "According to the Superintendent of Banks of Panama, Venezuela occupies third place in terms of foreign investment in the local banking system. Venezuelan investments in Panama include restaurants, bars, pizzerias, real estate, services sector, international transport, and even a bi-weekly newspaper, among others".

Related resources

Venezuelans Looking for Business in Costa Rica - Aug 17 09 (11%)

Strong Colombian Investments in Panama - Apr 2 09 (10%)

Incoming Capital Diminishes by 78% in Guatemala - Apr 13 09 (10%)

Foreign Investment Falls 7.2% in Guatemala - Jun 26 09 (8%)

more articles