Fintech Ecosystem in El Salvador: 80% of Companies Experience Growth and Expansion.

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.

Ministry of Foreign Affairs Achieves $1.75 Million in Exports and Investments.

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.

Energy Companies from the US and Europe Explore Investment Opportunities in El Salvador.

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.

Government of El Salvador and IDB Launch “Digital Economy” Platform.

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.

El Salvador Launches “Connecting El Salvador” Project to Promote Connectivity and Innovation.

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.