The latest fuel price references in El Salvador reflect significant decreases, making it one of the countries in Central America with the lowest gasoline and diesel prices. Compared to Costa Rica, where prices exceed $5.00, El Salvador stands out with considerably lower fuel costs. Seguir leyendo El Salvador’s Fuel Prices Among the Lowest in the Region.
The scenic beaches, majestic mountains, charming villages, and historical landmarks of El Salvador will captivate attendees at the upcoming Central America Travel Market (CATM) in 2024. Seguir leyendo El Salvador to Host CATM 2024, Pioneering a Multidestination Tourism Promotion.
The Banco Centroamericano de Integración Económica (CABEI) has invested more than $4 billion in El Salvador for various projects over the past three years. According to Luis Rodríguez, the director country of the CABEI, the bank has about 36 ongoing projects in collaboration with the private, public, and non-sovereign public sector, covering nearly 90% of the multilateral investments in the country. Seguir leyendo CABEI invests over $4 billion in projects in El Salvador
El Salvador’s energy sector saw a significant growth of 14.4% in 2022, according to the Central Reserve Bank (BCR). The country now ranks seventh in the World Ranking of Renewable Electricity Generation. Additionally, the BCR reported that energy exports from El Salvador grew by 1,860% in 2022, satisfying both domestic and foreign demand. Seguir leyendo El Salvador’s energy exports increased by 1,860% in 2022.
El Salvador’s energy exports have experienced significant growth in recent months, with Honduras and Nicaragua being the primary destinations for the country’s energy. Seguir leyendo El Salvador’s Energy Exports Surge with Honduras and Nicaragua as Top Buyers.
The Salvadoran Ministry of Finance and the President of the Central American Bank for Economic Integration (BCIE), Dante Mossi, signed a non-refundable cooperation agreement worth $625,000 for the Roque Dalton Presidential Scholarship program. Seguir leyendo El Salvador and BCIE sign cooperation agreement for $625,000 for Roque Dalton Presidential Scholarships.
The Banco Centroamericano de Integración Económica (BCIE) for El Salvador has announced an increase in their support for the Roque Dalton Presidential Scholarship program. The program provides access to university studies for young people throughout El Salvador, covering the full cost of tuition, as well as food, housing, transportation, and more. Seguir leyendo BCIE Increases Contribution to Roque Dalton Scholarship Program.
El Salvador has become the first country in Central America to have access to SpaceX’s high-speed satellite internet service, Starlink. The multinational company made the announcement on its website, and the news was confirmed by Elon Musk himself, who tweeted “Starlink is available in El Salvador” yesterday. Seguir leyendo El Salvador becomes the first country in the region with Starlink internet.
El Salvador’s government-led economic strategies allowed the country to close last year with an inflation rate of 7.2%, the lowest in Central America and the third lowest in Latin America, according to the Central Reserve Bank (BCR). Seguir leyendo El Salvador Closes 2022 with Lowest Inflation in the Region.
El Banco Central de Reserva (BCR) has reported that El Salvador registered a total of $1,105.5 million in exports for the first two months of 2023. The country’s international sales in February alone amounted to $582.92 million, according to the BCR. Seguir leyendo El Salvador Records Exports of $1,105.5 Million Until February.