The company estimates that a thousand planes with seating for 70 to 150 passengers will be in demand.

Bombardier, the Canadian manufacturer of aircraft and trains, emphasized in Panama its interest in conducting business in Latin America, a region that the company estimates will require nearly a thousand airplanes with a capacity for 70 to 150 passengers in the coming years.

Organizers estimated that some 3,000 people visited the district during the three-day festival. Ladies dressed in the national costume of pollera skirts took over the streets.

A folk parade with 35 carts brought the festival 'Mi Ranchito' to a close on Sunday in the district of Río de Jesús.

The festival, which began on Friday with the crowning of the queen, grows more notorious every year, according to the organizers.

“What we propose with this event is for visitors to experience folklore in all of its forms,” said Mayor Humberto Sánchez.

The fair will be held in Madrid, Spain from January 30 to February 3, and will serve as a platform for meetings between international buyers and exhibitors, who will promote their destinations and take advantage of business opportunities, particularly in Asian markets.

The Colón 2000 home port and the Panama Canal has a full schedule, as they are slated to receive 15 cruise ships this month.

November brings a lot of activity from cruise ships stopping at the ports located in the province of Colón.

Panama's model for development in the aviation industry is one of the most successful on the continent, as recognized by senior leaders of the Latin American and Caribbean Air Transport Association, ALTA, in its 9th forum.

Logistics is one of the industries that is highlighted in Panama's economic growth this year, which has brought the Gross Domestic Product up to 10.6% in the first half of 2012.

From 2005 to 2010, the drugmaker has invested some $30 million in vaccine research.

Yesterday Panama became the new operation center for clinical research on vaccines and medical affairs of Latin America for the British pharmaceutical corporation GlaxoSmithKline (GSK), which operates with an annual budget of $25 million.

With a 12% growth in its middle class, Panama was ranked as the nation with the third highest growth of this group in recent years, according to a report published yesterday in Washington, D.C., capital of the United States. The report also noted that this social sector grew by 50% in Latin America and the Caribbean.

Representatives of ADEN indicated that the country could reduce their rising inflation by slowing down.

For the second consecutive year, Panama was ranked number two out of 18 regional countries in the annual measure of competitiveness by the ADEN Institute of Competitiveness.

With the aim of strengthening diplomatic ties between Panama and the United Kingdom of Great Britain and Northern Ireland, the deputy minister of Foreign Relations, Francisco Álvarez De Soto, and the Minister of State for Foreign Affairs of the United Kingdom with responsibility for Latin America, Hugo Swire, signed a Memorandum of Understanding between the two countries in Bolivar Palace.