Private enterprise has generated US$1 billion in profits in the country
Written by Karla GutiérrezTransnational 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.
Commission approves tax exemption for the communities of Jayaque and San Julian
Written by Karla GutiérrezThe 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.
Defensoría attended to cases of undue charges by banks
Written by Karla GutiérrezThe 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.
Vesting: What is it and how is it regulated in a partnership agreement?
Written by Karla GutiérrezMany 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.
US$12 million investment to expand the airport check-in area
Written by Karla GutiérrezThe 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.
BCR: El Salvador received US$759.7 million in foreign investment in 2023
Written by Karla GutiérrezIn 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.
Finance minister inaugurates Regional Workshop for Public Credit Directors
Written by Karla GutiérrezThe 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".
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