El Salvador’s economy strengthened in the second quarter of 2023, recording a 3% growth, according to data from the Central Reserve Bank (BCR). Seguir leyendo Construction and Tourism Drive El Salvador’s Economic Growth.
In 2021, El Salvador shipped $100 million worth of goods to Korea, a substantial increase from the $20 million sent in 2017 and 2018 combined. Seguir leyendo El Salvador’s Exports to Korea Surge by 161% Thanks to Free Trade Agreement
This marks the second year of Royal Caribbean Group’s partnership with El Salvador in hiring skilled labor, following an agreement forged in early 2021. This collaboration is a testament to the government’s dedication to opening doors for Salvadoran workers on the global stage. Seguir leyendo Royal Caribbean to Hire 100 Salvadoran Merchant Mariners.
The Salvadoran government is actively courting Spanish investments. In a recent meeting, Presidential Commissioner for Strategic Projects, Cristian Flores, presented the country’s commercial offerings in sectors such as agriculture, food, and logistics to Guillermo Fanjul, the Commercial Attaché of the Spanish Embassy in El Salvador. Seguir leyendo Salvadoran Government Seeks to Attract New Spanish Investments.
The Minister of Tourism, Morena Valdez, was joined by the Charge d’Affaires of the Embassy of the Kingdom of Morocco in El Salvador, Brahim Baddi, and representatives from the Technical Secretariat for External Financing (SETEFE) of the Ministry of Foreign Affairs for an official tour of the Ecological Boardwalk at El Tunco Beach. This initiative represents a collaborative effort between the two countries to bolster tourism in El Salvador. Seguir leyendo El Salvador and Morocco Present the First Phase of the Ecological Boardwalk at El Tunco Beach.
The Ministry of Tourism (Mitur) reports that approximately 7.1 million people have visited the country’s public tourist, cultural, and natural sites, as well as its protected areas, by August of this year. These figures highlight the sustained growth of tourism in El Salvador, offering safe and welcoming spaces for both national and international visitors. Seguir leyendo El Salvador’s Domestic Tourism Thrives with 7.1 Million Visitors by August 2023.
El Salvador’s financial indicators continue their upward trajectory, demonstrating the trust of investors in national regulations and the opportunities within the Salvadoran stock market. According to the Superintendencia del Sistema Financiero (SSF), as of August, both open and closed-end investment funds saw a remarkable year-on-year growth of 24.39% in their assets, equivalent to $107.58 million more than the previous year. Seguir leyendo Investment Funds in El Salvador Grow by 24.39% Until August.
The Investment Promotion and Exports Agency of El Salvador (Invest) has announced that executives from the American construction company, Advanced Building Systems, have scheduled a visit to El Salvador before the year’s end with the intent of establishing operations in the country and providing construction services in the housing sector. Seguir leyendo American Construction Company Explores Investment Opportunities in El Salvador.
El Salvador’s tourism industry is set to receive a major boost as the government forecasts the arrival of 20 cruise ships for the upcoming 2023-2024 season. This promising development comes after successful negotiations with several cruise lines that have expressed keen interest in the country. Seguir leyendo El Salvador Anticipates Arrival of 20 Cruise Ships in the 2023-2024 Season.
In a collaborative effort between our institution, specialty coffee importer Foosung Corporation, and the Embassy of El Salvador in South Korea, the first-ever competition dedicated to El Salvadoran specialty coffee was successfully organized. Seguir leyendo Coffee Competition in South Korea Promotes El Salvadoran Brew.
