Family remittances to reach an extraordinary amount in 2021 between US$7,166 and US$7,328 million according to FUSADESWritten by Alondra Gutiérrez
The economic analysis conducted by the Fundación Salvadoreña para el Desarrollo Económico y Social (FUSADES) announced that family remittances will reach a higher amount projected between US$7,166 and US$7,328 million, close to 28% of the Gross Domestic Product (GDP) in its central trend.
Covid-19 pandemic caused rapid deteriorations in labor markets according to "State of the Region 2021" reportWritten by Alondra Gutiérrez
In-depth studies document that, in the context of the Bicentennial of the Independence of most Central American countries, the region is going through a bleak outlook: the worst crisis in decades.
Ahorro Previsional Voluntario: Crecer's Plan Dinámico delivered good results for the first half of 2021Written by Alondra Gutiérrez
The Plan Dinámico del Fondo de Ahorro Previsional Voluntario (APV) Crecer-Balanceado has registered positive results for clients during the first semester of 2021, despite the particularities such as the economic recovery of the country due to the health crisis caused by Covid-19.
The Ministerio de Economía (MINEC) announced the new prices for gasoline and diesel in different areas of the country, for the next fortnight.
The Defensoría del Consumidor (DC) mobilized to some establishments selling products of the basic food basket to monitor and investigate the increase in products such as oils, eggs, vegetables and medical supplies.
The Expansion and Modernization Project was presented this morning by CEPA, PROESA and MOP officials to deputies of the Legislative Assembly. Under the Public-Private Partnership scheme, private investment in the first phase amounts to US$14 million and US$49 million in the second phase.
With 75 votes the Legislative Assembly approved a reform to the Electronic Signature Law, with the purpose of giving validity and facilitating the use of electronic documents in El Salvador.
Minister of Economy and minister of Finance presented reform to FIREMPRESA Law to subsidize minimum wage increaseWritten by Alondra Gutiérrez
Through the reforms to the Ley de Creación del Fideicomiso de Recuperación Económica de las Empresas Salvadoreñas (FIREMPRESA), the Government proposes to allocate US$100 million to subsidize the increase in the minimum wage of micro, small and medium-sized enterprises (MSMEs).
During a television interview, the executive director of the Corporación de Exportadores de El Salvador (COEXPORT), Silvia Cuellar and Marvin Melgar, president of COEXPORT, addressed various topics including the state of the national economy and exports in the country, as well as the effect that Bitcoin would produce on exports.