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.
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.
El Salvador made a significant mark at the “World Coffee Summit,” organized by the World Coffee Alliance. Ambassador Carmen María Gallardo highlighted the pivotal role of coffee cultivation for the Salvadoran Government. Seguir leyendo El Salvador Highlights Coffee Sector Innovations at World Coffee Summit.
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.
El Salvador’s state-owned energy companies have reported significant growth in energy production. The Directorate General of Energy, Hydrocarbons, and Mines recently announced that in August, the nation witnessed a substantial production of 256.51 gigawatt-hours (GWh). This remarkable surge in energy output was driven primarily by geothermal energy, closely followed by hydroelectric power. Seguir leyendo El Salvador’s State-Owned Companies Boost Energy Generation.
In preparation for the upcoming high tourist season, migration agents are undergoing intensive training to provide improved services to both domestic and foreign visitors. The Directorate General of Migration and Foreigners (DGME) has reported a staggering influx of 2.3 million people into the country. Seguir leyendo Migration Personnel Gears Up for Peak Season.