ÿþ<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <html><head> <meta http-equiv="Content-Type" content="text/html; charset=windows-1251"> </head><body> <table border="0" cellpadding="0" cellspacing="0" width="760"> <tbody> <tr> <td><img src="panama.gif" vline="60" align="left" border="1" width="86" height="60"> </td> <td><a name="anchor100"> </a><h1><a name="anchor100">Panama - business </a></h1> </td></tr> </tbody></table> <table border="1" cellpadding="1" cellspacing="1" width="770"> <tbody> <tr> <td style="padding: 2.25pt; background: lightgreen none repeat scroll 0% 0%; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;" bgcolor="#008888" width="180"> <div><b><font color="blue" size="-1" face="MS Sans Serif"><a href="#anchor0">Review</a></font></b></div></td> <td style="padding: 2.25pt; background: lightgreen none repeat scroll 0% 0%; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;" bgcolor="#008888" width="180"> <div><b><font color="blue" size="-1" face="MS Sans Serif"><a href="#anchor2">Employment </a></font></b></div></td> <td style="padding: 2.25pt; background: lightgreen none repeat scroll 0% 0%; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;" bgcolor="#008888" width="180"> <div><b><font color="blue" size="-1" face="MS Sans Serif"><a href="#anchor4">Companies </a></font></b></div></td> </tr></tbody></table> <table bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" width="770"> <tbody> <tr> <td bgcolor="#ffffff" valign="top" width="140"> <table border="0" cellpadding="2" cellspacing="0" width="155" height="919"> <tbody> <tr> <td valign="top" height="0%"> <table border="1" cellpadding="4" cellspacing="0" width="120"> <tbody> <tr> <td bgcolor="#e8e8e8"><font color="#000066" size="-1" face="MS Sans Serif"><b>Headings</b></font></td></tr> <tr> <td><font color="#000066" size="-1" face="MS Sans Serif"><a href="#anchor0">Review</a></font><br><font color="#000066" size="-1" face="MS Sans Serif"><a href="#anchor2">Employment</a></font><br><font color="#000066" size="-1" face="MS Sans Serif"><a href="#anchor4">Companies</a></font></td></tr></tbody></table> <table border="1" cellpadding="4" cellspacing="0" width="120"> <tbody> <tr> <td bgcolor="#e8e8e8"><font color="#000066" size="-1" face="MS Sans Serif"><b><a href="http://www.europe-made.com/adv_eng.htm">Advertise here</a></b></font></td></tr> <tr> <td><font color="#000066" size="-1" face="MS Sans Serif"><a href="http://www.europe-made.com/adv_eng.htm">Click here </a></font><br><font color="#000066" size="-1" face="MS Sans Serif"><a href="http://www.europe-made.com/adv_eng.htm">to see the prices</a></font><br><font color="#000066" size="-1" face="MS Sans Serif"><a href="http://www.europe-made.com/adv_eng.htm">of advertisement.</a></font></td></tr></tbody></table> </td> <td valign="top"> <table align="right" border="0" cellpadding="0" cellspacing="0" width="520"> </table><font color="#000066"> <div align="left"> <h3><a name="anchor0">Review</a></h3></div></font> <div align="right"> <h5><u>Panama - business -- Review</u></h5></div> <div align="center"> <p align="justify"> International businesses worldwide have since long preferred Panama as a base for their offshore operations. As opposed to many tax havens in the Caribbean where companies only exist on paper, Panama is not just a virtual tax haven, but very much a real center of international finance and commerce. Panama hosts the second largest free trade zone in the world as well as a major banking center with more than 100 banks and trust companies. The largest ship registry in the world can be found there and of course the Panama Canal, with transportation activities representing 5% of the entire world trade. </p> <h3><a href="#anchor100">Beginning</a>***<a href="america_eng.html">America</a></h3><br> <font color="#000066"> <div align="left"> <h3><a name="anchor2">Employment </a></h3></div></font> <div align="right"> <h5><u>Panama - business -- Employment</u></h5></div> </div><table> </table> <center> <table border="1" cellpadding="2" cellspacing="2"> <caption align="top"><font size="2"><i>Top ten biggest branches of Panamian economy in 2007 </i></font></caption> <!--***** Start of row 1 *****--> <tbody><tr> <td align="center"><big><b>Number</b></big></td> <td align="center"><big><b>Economic sector</b></big></td> <td align="center"><big><b>Profit in 2006 (in millions of dollars)</b></big></td> </tr> <!--***** Start of row 2 *****--> <tr> <td align="center">1</td> <td align="center">Transportatioin, Warehousing and communication</td> <td align="center">3,427.2</td> </tr> <!--***** Start of row 3 *****--> <tr> <td align="center">2</td> <td align="center">Real estate, rental, leasing, professional services and business services</td> <td align="center">2,583.3</td> </tr> <!--***** Start of row 4 *****--> <tr> <td align="center">3</td> <td align="center">Wholesale and retail trade</td> <td align="center">2,465.1</td> </tr> <!--***** Start of row 5 *****--> <tr> <td align="center">4</td> <td align="center">Financial and insurance</td> <td align="center">1,416.3</td> </tr> <!--***** Start of row 6 *****--> <tr> <td align="center">5</td> <td align="center">Government</td> <td align="center">1,272.7</td> </tr> <!--***** Start of row 7 *****--> <tr> <td align="center">6</td> <td align="center">Products tax minus subsidies</td> <td align="center">1,133.2</td> </tr> <!--***** Start of row 8 *****--> <tr> <td align="center">7</td> <td align="center">Manufacturing</td> <td align="center">1,125.7</td> </tr> <!--***** Start of row 9 *****--> <tr> <td align="center">8</td> <td align="center">Construction</td> <td align="center">846.9</td> </tr> <!--***** Start of row 10 *****--> <tr> <td align="center">9</td> <td align="center">Agriculture, forestry and hunting</td> <td align="center">700.2</td> </tr> <!--***** Start of row 11 *****--> <tr> <td align="center">10</td> <td align="center">Other social services except government</td> <td align="center">499.8</td> </tr> </tbody></table> <h3><a href="#anchor100">Beginning</a>***<a href="america_eng.html">America</a></h3> <br><font color="#000066"> <div align="left"> <h3><a name="anchor4">Companies</a></h3></div></font> <div align="right"> <h5><u>Panama - business -- Companies</u></h5></div> </center> <center> <table border="1" cellpadding="2" cellspacing="2"> <caption align="top"><font size="2"><i>Biggest Panamian companies</i></font></caption> <!--***** Start of row 1 *****--> <tbody><tr> <td align="center"><big><b>Number</b></big></td> <td align="center"><big><b>Company/Business</b></big></td> <td align="center"><big><b>Sales 2008 (Mil. $)</b></big></td> <td align="center"><big><b>Employees</b></big></td> </tr> <!--***** Start of row 2 *****--> <tr> <td align="center">1</td> <td align="center">Willbros Group, Inc.</td> <td align="center">1,912.7</td> <td align="center">6,512</td> </tr> <!--***** Start of row 3 *****--> <tr> <td align="center">2</td> <td align="center">Copa Holdings, S.A.</td> <td align="center">1,288.8</td> <td align="center">4,535</td> </tr> <!--***** Start of row 4 *****--> <tr> <td align="center">3</td> <td align="center">Banco Latinoamericano de Exportaciones, S.A.</td> <td align="center">76.8</td> <td align="center">-</td> </tr> <!--***** Start of row 5 *****--> <tr> <td align="center">4</td> <td align="center">Banco Internacional de Costa Rica, S.A.</td> <td align="center">54.4</td> <td align="center">-</td> </tr> <!--***** Start of row 6 *****--> <tr> <td align="center">5</td> <td align="center">Grupo Cervecería Nacional de Panamá</td> <td align="center">-</td> <td align="center">2000</td> </tr> <!--***** Start of row 7 *****--> <tr> <td align="center">6</td> <td align="center">Compañía Panameña de Aviación, S.A.</td> <td align="center">-</td> <td align="center">-</td> </tr> </tbody></table> <h3><a href="#anchor100">Beginning</a>***<a href="america_eng.html">America</a></h3> </center></td></tr></tbody><tbody></tbody></table></td> <td valign="top"> <table border="0" cellpadding="0" cellspacing="0"> <tbody> <tr> <td> <table border="1" cellpadding="4" cellspacing="0" width="120"> <tbody> <tr> <td bgcolor="#e8e8e8"><font color="#000066" size="-1" face="MS Sans Serif"><b>Contacts</b></font></td></tr> <tr> <td><font color="#000066" size="-1" face="MS Sans Serif"><a href="http://www.psp-ltd.com/">www.psp-ltd.com</a></font></td></tr></tbody></table></td></tr> <tr> <td> <table border="1" cellpadding="4" cellspacing="0" width="120"> <tbody> <tr> <td bgcolor="#e8e8e8"><font color="#000066" size="-1" face="MS Sans Serif"><b>Languages</b></font></td></tr> <tr><td> <font color="blue" size="-1" face="MS Sans Serif"> <a href="panama_business_bg.htm"><img src="bulgaria.gif" border="0" width="30" height="21">Bulgarian</a></font> </td></tr></tbody></table></td></tr> <tr> <td valign="top"> <form action="http://www.google.com/search" method="get"> <table border="1" cellpadding="4" cellspacing="0" width="120"> <tbody> <tr> <td bgcolor="#e8e8e8"><font color="#000066" size="-1" face="MS Sans Serif"><b>Search in Internet</b></font></td></tr> <tr> <td> <table bgcolor="#ffffff" border="0" width="100"> <tbody> <tr> <td><a href="http://www.google.com/"><img alt="Google" src="Google_Safe.gif" align="middle" border="0" width="100" height="45"></a> <input maxlength="100" size="10" name="q"> <input value="vss" name="safe" type="hidden"> <input value="1" name="vss" type="hidden"> <input value="Search" name="sa" type="submit"> </td></tr></tbody></table></td></tr></tbody></table> <table border="1" cellpadding="4" cellspacing="0" width="120"> <tbody> <tr> <td bgcolor="#e8e8e8"><font color="#000066" size="-1" face="MS Sans Serif"><b><a href="http://www.europe-made.com/adv_eng.htm">Advertise here</a></b></font></td></tr> <tr> <td><font color="#000066" size="-1" face="MS Sans Serif"><a href="http://www.europe-made.com/adv_eng.htm">Click here </a></font><br><font color="#000066" size="-1" face="MS Sans Serif"><a href="http://www.europe-made.com/adv_eng.htm">to see the prices</a></font><br><font color="#000066" size="-1" face="MS Sans Serif"><a href="http://www.europe-made.com/adv_eng.htm">of advertisement.</a></font></td></tr></tbody></table> </form></td></tr></tbody></table></td></tr></tbody></table></body></html>