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El Salvador honors its Eurobond debt with US$604 million
Written by Coralia Cuellar // Evelyn Alas
The President of the Republic, Nayib Bukele, announced on his Twitter account that tonight he complied with the pending payment of the debt, honoring the US$604 million in Eurobonds that were still owed to the first holders.
Fuel prices increase between US$0.29 and US$0.16 nationwide
Written by Evelyn Alas
The Ministerio de Economía (MINEC), informs salvadorans the reference prices of fuels that will be in effect from january 24 to february 6, 2023.
Managing a household can seem like a complicated task, especially when it comes to finances. It is not always easy to get organized when the decisions you make will have an effect on more than one person.
Beans, corn, sugar and milk are the products with the highest price increases: UCA
Written by Evelyn Alas
According to the survey conducted by the Instituto Universitario de Opinión Pública (IUDOP) of the Universidad Centroamericana José Simeón Cañas (UCA), 93 out of 100 people said that the prices of basic food basket products such as beans, corn, sugar and milk, will increase throughout the year 2022.
US$50, US$100 and US$150 will be the possible new costs for traffic fines in the country
Written by Evelyn Alas
The Ministerio de Obras Públicas (MOP), submitted to the Legislative Assembly a decree containing reforms to the Law of Land Transportation, Transit and Road Safety; which has the purpose of regulating new infractions to the law, technological procedural mechanisms for its determined accreditation.
MINEC participated in the World Economic Forum 2023 "Accelerating the Digital Transition"
Written by Evelyn Alas
The minister of Economy, María Luisa Hayem, was at the annual meeting of the World Economic Forum WEF2023, along with international investors and economists, contributing to the conversations on actions to achieve global economic development in the future, which is inclusive and sustainable.
Lodging and food services suffered price increases of 0.27% as of december 2022
Written by Evelyn Alas
The Banco Central de Reserva (BCR), shows in its macroeconomic data that the Producer Price Index (PPI), for december 2022 was 128.78 with a monthly variation of 0.27% resulting from the increase in prices in eight of the thirteen sections that comprise the main indicator, accommodation and services activities.
Region's economy to grow 1% in 2023, according to Moody's Analytics
Written by Evelyn Alas
Moody's Analytics, a subsidiary of the risk rating agency, in the presentation of its macroeconomic outlook report for the region this year.
Employment rate to grow 1% in 2023 due to economic slowdown
Written by Evelyn Alas
According to the report of the International Labor Organization (ILO), "World Employment and Social Outlook: Trends 2023", the employment generated in 2023 will only be enough to "compensate" the growth of the working age population in the region.