OREANDA-NEWS. July 23, 2014. Eurasia is completing the registration process in the Republic of Panama in order to take an opportunity of implementation of reinsurance business in the country. Currently the Company is being negotiated, and the collection of necessary documents for registration, - informed today, in July 1, 2014, the press-service of the insurance company.

This status will allow the insurance company to work more effectively to prospective reinsurance market of the Republic of Panama.

Recall that in the past years, Eurasia was successfully registered to conduct reinsurance business in the following Latin American countries such as Venezuela, Argentina, Mexico, Chile, Paraguay and Brazil.

The Republic of Panama - a state with a presidential form of government, a unitary state system and a democratic regime in Central and South America.

Panama's economy is based on the operation of the Panama Canal, as well as banking, insurance business, registration of ships under the flag of the country and tourism. These industries account for about two-thirds of the GDP of Panama, they occupied about two-thirds of workers. GDP per capita in 2012 - US\\$15,600 (63rd in the world). Industry accounts for about 17% of GDP (18% of employed workers), and agriculture - about 6% of GDP (15% of employed workers). Major crops - bananas, rice, corn, coffee, sugar cane, vegetables, livestock breeding. Industries - construction, brewing, cement and other construction materials, production of sugar.