El Salvador has emerged as a favorable environment for financial technology (fintech) companies, with 80% of local fintech firms experiencing growth and expansion, according to a study conducted by Torres Legal, a legal company with expertise in new technologies. The research highlights the role of the government in driving the growth of the fintech ecosystem. Seguir leyendo Fintech Ecosystem in El Salvador: 80% of Companies Experience Growth and Expansion.
El Salvador has emerged as a safe and enticing destination for international tourists, attracting cruise ships with thousands of visitors, with 90% of them stopping to explore the country’s tourist destinations, according to Forbes. Seguir leyendo Forbes Highlights the Importance of Cruises for El Salvador in 5 Key Points.
The Ministry of Foreign Affairs has successfully facilitated $1.75 million in exports and investments, signaling a thriving business environment in El Salvador. In the first four months of 2023 alone, the institution supported the implementation of business projects worth $940,000, specifically focusing on real estate tourism and the importation of electric vehicles. Seguir leyendo Ministry of Foreign Affairs Achieves $1.75 Million in Exports and Investments.
El Salvador has emerged as a prime destination for energy investments, attracting the attention of several US and European companies interested in investing in the national electricity sector. The arrival of five or six companies keen on making investments would enhance the capacity to supply Salvadoran households, according to Edwin Núñez, the president of Etesal. Seguir leyendo Energy Companies from the US and Europe Explore Investment Opportunities in El Salvador.
Bitcoin company Fold has announced its plans to expand in El Salvador, including the establishment of a new office that will serve as its base for operations in Latin America. Seguir leyendo Fold Inc., a Bitcoin company, expands its operations in El Salvador.
The third edition of Adopting Bitcoin, an event that promotes knowledge about the digital asset ecosystem and showcases El Salvador as an ideal investment destination, will be held in November Seguir leyendo Third Edition of Adopting Bitcoin to Take Place in El Salvador this November.
The Vice Minister of Foreign Affairs, Adriana Mira, and the Commercial Director of the Belgian air transport company ASL Airlines Belgium, Todo Hildreth, signed a memorandum of collaboration on Friday. Seguir leyendo El Salvador and Belgian company ASL Airlines Belgium sign memorandum of collaboration.
El Salvador, being that recently a digital assets law was passed earlier in the year, has established a regulatory framework for cryptocurrencies. Seguir leyendo Strike Expands Bitcoin Payments to 65 Countries and Establishes Global Headquarters in El Salvador.
The Ministry of Economy (Minec) and the Inter-American Development Bank (IDB) have launched the “Digital Economy” platform. This initiative aims to integrate and connect the various actors within El Salvador’s innovation and entrepreneurship ecosystem, while promoting the digital and technological services sector. Seguir leyendo Government of El Salvador and IDB Launch “Digital Economy” Platform.
The Government of President Nayib Bukele has initiated the “Connecting El Salvador” project, aiming to promote connectivity and innovation in public spaces such as parks and squares across the country. As part of this initiative, free access to high-quality broadband internet will be provided in these areas. The project’s goals include fostering technological, social, educational, and economic development while also reducing the digital divide. “The … Seguir leyendo El Salvador Launches “Connecting El Salvador” Project to Promote Connectivity and Innovation.