El Salvador’s favorable security climate has facilitated the execution of new projects with foreign capital in various sectors such as tourism, agribusiness, urban development, and commercial infrastructure, among others. Seguir leyendo Salvadorans Abroad Invest $577 Million in the Country.
A delegation from the Native Women’s Association of Canada (NWAC) recently visited El Salvador to explore the commercial opportunities offered by the country. They were captivated by the country’s handcrafted products and Salvadoran coffee, resulting in purchases totaling over $10,000. Seguir leyendo Native Women’s Association of Canada Shows Interest in Salvadoran Handcrafted Products and Coffee.
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.
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, 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 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.
Bandesal, the state-owned bank, will channel $100 million in funds from the Inter-American Development Bank (IDB) to benefit around 4,000 Mipymes (micro, small, and medium-sized enterprises). Seguir leyendo Bandesal to Inject $100 Million into Mipymes.
The representative of the Latin American Development Bank in El Salvador, Óscar Avalle, has reiterated his congratulations to the country for the upward trend in credit ratings by Fitch Ratings and S&P Global Ratings. Seguir leyendo El Salvador’s Credit Ratings Continue to Rise, Bolstered by Government Efforts for Sustainable Development.
Thanks to investments made by various state-owned companies, renewable generation has seen a notable increase. In April alone, El Salvador produced a total of 240 gigawatt-hours (GWh) of renewable energy, as reported by the DGEMH. Seguir leyendo El Salvador Leads in Geothermal Energy Generation, Boosting Economy and Energy Stability.
The news of the large-scale logistics infrastructure projects launched by President Nayib Bukele’s government has spread across oceans and borders. This Thursday, the Presidential Commissioner for Strategic Projects, Cristian Flores, met with South Korean company Dongbu Corporation, which expressed interest in several of these mega-projects. Seguir leyendo Logistics projects by President Nayib Bukele’s government generate interest from international companies.
