On Friday, July 17, the Panamanian Association of Business Executives (APEDE) hosted the Tourism Forum (FOTUR) in Colón to discuss strategies to drive economic development of the city and province.
Under the banner, “Tourism: engine for the transformation and development of the province of Colon”, the event enjoyed participation of well-known public and private figures, who discussed how the travel industry can drive needed economic development for Panama’s Caribbean coast.
Varela’s Urban Renewal Plan for [...]
To boost tourism to Colón, Joseph Fidanque III, General Manager of Tocumen International Airport, announced plans at the recently held FOTUR forum for the reactivation of the Enrique E. Jiménez Airport.
Fidanque noted that the Jiménez airport does not yet have the expected activity despite an investment of $60 million made by the previous administration. Investors are now looking to repurpose the use of the facilities by creating an international training center for the Aeronautics [...]
Reviving the Colón Free Port Law
The plan to turn the city of Colón into a free port, which emerged 23 years ago, will finally become a reality. A key component of the initiative launched by the administration of President Varela, the plan to extend the free trade zone to include 16 blocks of Colón city, is a strategic move to attract the cruise ship market, whose travelers can benefit from duty-free shopping.
This plan [...]
Panama sets sights on establishing its Caribbean port as a stop for major cruise lines
Business leaders, government officials and tourism industry representatives met recently in Colón to discuss strategies to create an economic windfall to benefit both the city and the province. The Varela administration has major plans for infrastructural improvements, yet recognizes the need to involve the populace in its future. The Bulletin looks at this ambitious and multifaceted project which aims to [...]
Russian Prime Minister Dmitry Medvedev approved a development plan for a new route across the Arctic.
“We have approved (June 8) the development project of the Northern Sea Route. As is well known, this is the shortest route between Europe and the Far East, the Asia-Pacific region and the west coast of the US,” he announced to the press.
Medvedev acknowledged that the Arctic route is underused and that the annual volume of freight is [...]