At the end of the third quarter of 2018, increases in foreign direct investment (IED) totaled US $ 1,221.8 million, reflecting an increase of 24.1% (US $237.2 million) with respect to the previous year.

The country recorded a total expenditure of US $1,500 in gasoline consumption (special and regular) and diesel, according to data shared by energy market expert Julio Villagrán.

China has announced provisional tariff reductions on Monday, for more than 700 foreign products from the beginning of 2019, the official newspaper Global Times reports.

Thursday, 27 December 2018 11:30

BCR: Growth of the economy will be 2.6% in 2018 and 2019

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In the first three quarters of 2018, the real Gross Domestic Product registered an average growth rate of 2.6%, three tenths higher than the average registered in the same periods of the previous year. The Central Reserve Bank (BCR) reported that only during the third quarter, real GDP grew 2.1%.

Thursday, 20 December 2018 09:59

SIGET foresees a decrease in electricity prices in January

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The general superintendent of Electricity and Telecommunications, Blanca Coto explained that the trend for January 2019 is a decrease in the prices of electricity.

The formalization of microenterprises has become an issue that is becoming relevant in El Salvador, since according to data from the authorities, 70% of the MSEs that operate the country are in informality. CONAMYPE reported that during 2018, it barely dealt with 290 formalization procedures.

The Legislative Assembly approved on December 12, with 60 votes, the Law of Regulatory Improvement; and with 66 votes the Law of Elimination of Bureaucratic Barriers.


Tuesday, 11 December 2018 11:50

"Economic growth remains weak and fragile": FUSADES

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El Salvador's economic growth "does not generate enough employment that satisfies families and contributes to reducing migration”, the Economic Situation Report of FUSADES says.

The minister of Tourism, José Napoleón Duarte Durán, met today with the representatives of the national bank to explain the need for the creation of specific lines of credit, to finance tourist companies.

The reactivation of cocoa crops with quality grain is one of the current bets of this sector, which recently celebrated its national day.

Exports of food products from Mexico showed a rise of 4.2% annually to last September, the National Institute of Statistics and Geography (Inegi) reported. The agroindustrial sector had reported two months of falls; in July of 0.2% and in August, of 7.0%.

The history of cocoa in El Salvador is centennial, so much so that the ancestors used the seed as currency for their commercial transactions. However, over the years, the flavor and quality of the salvadoran cacao is maintained, and has now reached the workshops of master chocolatiers from various countries in America, and Europe.

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