The Central Bank of Costa Rica projects record foreign investment in 2023
Most of the resources are directed to reinvestments of companies currently operating in Costa Rica under the Free Zone Regime
Business Etiquette in Costa Rica: The Basics
. Tourism has long been one of the country’s leading industries. For this reason, the nation’s citizens are used to welcoming strangers. They are very kind to the people who visit their country.
Central American integration is crucial to building the region’s economies
Specific achievements will be critical to greater prosperity, stimulating the generation of quality jobs. Central America is open to international trade, which is reflected in the trade agreements the region’s countries have signed.
The El Salvador and China trade relationship
The initial adoption of the new currency meant significant social change, above all, because Salvadorans had to educate themselves and learn, little by little, what the conversion values between the Salvadoran colon and the dollar were.
Starting up a manufacturing facility in Costa Rica
He’s the Manufacturing Project Manager for a company called Brisk Heat, and he just went through the process of starting up a manufacturing facility in Costa Rica,
Dollarization in El Salvador celebrates 21 years
The initial adoption of the new currency meant significant social change, above all, because Salvadorans had to educate themselves and learn, little by little, what the conversion values between the Salvadoran colon and the dollar were.
Costa Rican free trade agreements with the UAE and Israel will be negotiated
During the last week of March 2023, Costa Rica became the third country in Latin America to launch a negotiation process to sign a free trade agreement with the United Arab Emirates (UAE). Colombia and Chile are the other two countries in the region to strike an accord with the UAE. In addition to this trade pact, Costa Rica also announced, during the same week, that it would begin negotiations on a free trade agreement with Israel.
Reasons to invest in El Salvador
Those who invest in El Salvador will learn that the country adopted the US currency as its legal tender in 2001. The benefits of El Salvador’s use of the greenback are the (1) convergence of domestic inflation with international inflation; (2) elimination of exchange risk, which reduces internal interest rates; (3) a better environment for investment.
The MedTech Sector in Costa Rica is vibrant
the country has many hallmarks of an innovation powerhouse, including a high budget for education spending, free trade zones that offer attractive tax incentives, and a proven track record of more than 360 multinational companies established in the country.
Government presents a law to encourage the technology industry in El Salvador
Incentives will be provided for 15 years to companies that are dedicated to software services such as programming, development of models and systems with artificial intelligence, and services related to the cloud and data storage, among others.
The challenges facing the Costa Rican national economy for the remainder of 2023
International organizations such as the World Bank, the International Monetary Fund, and the Economic Commission for Latin America and the Caribbean (ECLAC) have advised that economic growth will be very modest, even decelerated, potentially affecting the Costa Rican national economy.
AES El Salvador will invest US $52 million in 2023 to upgrade the country’s energy grid
The energy distributors AES CAESS, AES CLESA, AES EEO, and AES DEUSEM announced their projection of investments in El Salvador of $217 million for the next five years. This includes an influx of 52 million dollars by 2023.
