Displaying items by tag: EL SALVADOR

The World Bank says that El Salvador's economy loses an average of US$215 million each year, almost 1% of its annual Gross Domestic Product (GDP). The first question is where these losses come from and, above all, how to remedy them.

According to a media outlet Bitcoin entrepreneur Samson Mow said last thursday that he created a new company called Jan3 focused on promoting the adoption of the cryptocurrency, and added that he signed a memorandum of understanding to develop digital infrastructure in El Salvador.

The Ministerio de Economía (MINEC), informs salvadorans that the new variations in fuel prices present an increase of US$0.43, US$0.33 and US$0.29 for this fortnight that will be in effect from march 22 to april 04, 2022.

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 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 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.

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.

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.

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.

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.