Transnational companies in El Salvador have had record profits in three consecutive years with one billion dollars in profits, that is to say that last year these companies had around one billion four hundred million dollars in profits, according to data that the President of the Banco Central de Reserva, Douglas Rodriguez announced in a television interview.

The members of the Treasury Commission issued two favorable rulings to support the communities of Jayaque, in La Libertad, and the population of San Julián, municipality located in Sonsonate.

The Observatorio de Tarjetas de Crédito (OTC) of the Defensoría del Consumidor indicates that from january to february 2024, about 409 cases have been attended due to undue charges, surcharges and commissions by banks to cardholders.

Many people have started their businesses together with other partners and most probably along the way one or more of the partners have decided to leave the company and have asked for all their shares, resulting in the company collapsing and people were left in debt.

The Comisión Ejecutiva Portuaria Autónoma (CEPA) is expanding the check in area of El Salvador's international airport, with the purpose of increasing 41 double counters with a capacity for 82 positions. The project is 33% complete and has an investment of US$12 million.

In the last report of the Banco Central de Reserva (BCR), El Salvador received US$759.7 million in foreign investment (IED) in 2023, which means that it quadrupled, compared to what was received in 2022 that reached US$170.9 million and the highest registered during the first five years of Bukele's administration.

The minister of Finance, Jerson Posada, together with the representative of the Development Bank of Latin America and the Caribbean (CAF), Oscar Avalle and CAF's Director of Operational Programming, Brenda Ciuk, inaugurated the workshop entitled "Surviving the context of high debt levels, limited fiscal space, high inflation and high interest rates".

Monday, 25 March 2024 02:55

Financial tips for entrepreneurs

Written by

Managing our finances can be a difficult subject to control, but with a few financial tips we can achieve a good monetary health for our business.

Monday, 25 March 2024 02:45

Economic tips for learning a second language

Written by

If you want to learn a new language, here are some economic tips to learn a second language: