Displaying items by tag: EL SALVADOR
El Salvador registers 5.7% increase in imports and exports in the first quarter of the year
The Port of Acajutla has mobilized 1,175,330 metric tons of merchandise between january 1 and march 12 of this year, which demonstrates the good work of President Nayib Bukele's government in economic reactivation, despite the pandemic and the crisis generated by the rise in oil prices.
MOVISTAR connects eastern and western El Salvador #ConTodo
Movistar El Salvador launched a special promotion for its prepaid customers in the east and west of the country, who will receive gift vouchers when purchasing recharges or #ConTodo packages. In addition, all those who take advantage of this special offer will also receive other exclusive benefits that cover the connectivity needs of these areas.
Digicel continues to support connectivity and educational development in El Salvador
Digicel is once again present to provide connectivity to students in the public system nationwide, offering a student package that brings even more benefits, committed to reduce the digital divide in El Salvador, promoting connectivity and digitization at the educational level through the launch of the “Paquete Estudiantil Digicel”, in strategic alliance with the "Secretariat of Innovation" and the Ministry of Education, Science and Technology", as part of the process of modernization and digital transformation of the educational system of our country.
El Salvador becomes a destination for spanish investment opportunities
The spanish investment opportunities, in El Salvador was the focus of the bilateral business meeting held last monday, february 28, in face-to-face and virtual format from CEOE with the salvadoran ministers of Economy, María Luisa Hayem and Finance, Alejandro Zelaya.
Deposits in El Salvador grew +2.4% at the end of 2021: ABANSA
According to a report prepared by the Asociación Bancaria Salvadoreña (ABANSA), deposits grew +2.4% at the end of 2021, reflecting the economic activity and confidence of salvadoran depositors.
European Union has invested US$1,781.8 million in El Salvador
In the framework of the 10th anniversary of the Association Agreement between the European Union (EU) and Central America, the Vice Minister of Foreign Affairs, Adriana Mira, together with the Vice Minister of Economy, Mario Salazar, and the Director of Trade Agreements of the Ministry of Economy, Margarita Ortez, went to the Foreign Affairs Commission of the Legislative Assembly, to hold a working meeting where they presented their considerations for the accession of the Republic of Croatia to the agreement.
El Salvador does not have the funds to cover its financial commitments 2022-2023: ICEFI
The executive director of the Instituto Centroamericano de Estudios Fiscales (ICEFI), Ricardo Castaneda Ancheta, said in a radio interview, that the Central Government does not have the money to honor its commitments in 2022 and particularly in 2023, because US$800 million Eurobonds are due in january.
El Salvador achieves the lowest trade exchange times in Central America
The Dirección General de Aduanas (DGA), an agency of the Ministry of Finance, reported that they have managed to reduce the times to 9.6 minutes for imports and 5.6 minutes for exports. In both cases, these are the lowest times in Central America, according to studies by the Central American Customs Services.
IMF says El Salvador's economy will grow 3.2% in 2022
According to a report by the International Monetary Fund (IMF), El Salvador's economy will grow by 3.2% in 2022, due to robust external demand, resilient remittances, and solid pandemic management.
El Salvador will pay US$460 million to become a member of CAF
The Foreign Affairs Committee of the Legislative Assembly issued favorable opinions for the Central Government to ratify the Immunities and Prerogatives Agreement between the Corporación Andina de Fomento (CAF) and the Republic of El Salvador; the Subscription of Guarantee Capital Shares and the Subscription of Ordinary Capital Shares between the Andean Development Corporation and El Salvador and incorporation as a Member Country.