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High energy prices: who is most affected and why?
Written by Evelyn Alas
Energy prices rose sharply over the last year, a trend that was exacerbated by Russia's invasion of Ukraine. Although energy prices are expected to decrease by 11% in 2023, if that projection materializes, they would still be 75% higher than the average of the last five years in Latin America.
How high interest rates can impact businesses for better and for worse
Written by Evelyn Alas
For any business, cash flow is the lifeblood of success. Too often, however, owners overlook how interest rates can play an important role in their capital structure and profitability.
When you go to hire a banking service, you usually go to the usual financial institution, without considering other options. The recommendation is to compare several options before choosing a bank.
Road reconstruction of the Usulután bypass is 30% complete
Written by Evelyn Alas
The reconstruction of the Usulután bypass is already 30% complete. The work includes the improvement of 9.4 kilometers of road that will guarantee that the circulation along this important route will be in optimal conditions.
Payment of US$800 million of 2023 bonds was made thanks to tax collection
Written by Evelyn Alas
The minister of Finance, Alejandro Zelaya said in a morning interview that the payment of the US$800 million Eurobonds 2023 maturing on january 24, came from the increase in tax collection, reduction in public spending and the implementation of a strategy to strengthen public finances.
Financial Inclusion Law helped growth in savings accounts in 2022
Written by Evelyn Alas
The Superintendencia del Sistema Financiero (SSF), came to the Financial Commission of the Legislative Assembly and detailed that the impact generated in the population by the implementation of the reforms to the Law to Facilitate Financial Inclusion has generated a growth of 208,498 simplified savings accounts by december 2022.
IDB prints US$375 million 7-year Sustainable Development Bond
Written by Evelyn Alas
The Inter-American Development Bank ("IDB" or "IDB"), rated Aaa/AAA (Moody's/S&P), priced a new benchmark NZ $375 million 7-year Sustainable Development Bond.
100 security companies accused of alleged misappropriation of AFP quotas
Written by Evelyn Alas
The Minister of Labor, Rolando Rolando arrived at the Fiscalía General de la República (FGR), to present a notice against companies and institutions for appropriation of labor quotas.
Second disbursement of 30% of pensions to be made on february 14
Written by Coralia Cuellar // Evelyn Alas
The Integral Law of the Pension System is in force since ecember 30, 2022, which means that all its provisions apply at the beginning of this year.