Outlook Stable for Panama, Says Fitch

Fitch Ratings affirmed Panama’s sovereign ratings as BBB with stable outlook on Friday. According to Fitch, a global leader in credit ratings and research, the ratings are supported by continued strong and stable macroeconomic performance, which has driven a sustained rise in per-capita income and reflects policies and a strategic location and asset (the Panama…

Panamanian Watermelon Headed to the Netherlands

Panama’s Association of Producers of Watermelons for Export will be sending 20 containers of watermelon to the Netherlands. The Ministry of Agricultural Development announced the deal with the Dutch C.H. Robinson company, which was finalized during the Fruit Logistica agro-fair held in Berlin, Germany from February 7 to 9. Over 3,000 exhibitors from over 80 countries participated…

Church Continues to Reject Equal Marriage

This weekend, Archbishop José Domingo Ulloa reiterated that the Catholic Church in Panama will not recognize same-sex marriage as recommended by the Inter-American Court of Human Rights. During the Eucharist in Atalaya in front of thousands of pilgrims celebrating their devotion to Jesus of Nazareth on Sunday, Ulloa said that “if there is something that…

Airbnb Prepared to Pay Panama Taxes

Airbnb stated that it is ready to sign an agreement with the Panamanian government to pay the 10 percent hospitality tax on its short-term rentals on several conditions. In exchange, the San Francisco-based company asks that Panama eliminate the 45 day minimum rental requirement in Panama City and guarantee the privacy of property owner information…

Delimitation of Ancon Hill Green Area Begins

The Ministry of the Environment has started to formalize the limits of Ancon Hill’s non-developable green areas as part of the Ancon Hill Protected Area project. This second field work phase, coordinated by the Directorate of Protected Areas and Wildlife and the Directorate of Environmental Information Systems, is expected to take seven months and follows…

Panama Waives Visa Costs for World Youth Day Pilgrims

Pilgrims registered for the 2019 World Youth Day in Panama will be exempted from the usual visa fees. The National Migration System announced that it will also forego the $500 economic solvency requirement, but said that pilgrims cannot overstay their welcome. Online registration for WYD began on Monday, February 12 and runs until January 17…