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.
Specialized Engineering Services in Costa Rica: A discussion with Luis Chinchilla.
. In this episode, we have the pleasure of speaking with Luis Chinchillia. Luis is the head of a Costa Rican company called OPIA. The acronym in Spanish means Advance Advanced Engineering Operations. OPIA is a company that offers specialized engineering services in Costa Rica
Promotion of foreign direct investment outside the Greater Metropolitan in Costa Rica is a priority for Cinde
Taking Foreign Direct Investment in Costa Rica (FDI) outside the Greater Metropolitan Area (GAM) will be a high priority of the Costa Rican Coalition of Development Initiatives, known by its Spanish language acronym Cinde,.
The government moves to streamline and digitize procedures to facilitate trade in El Salvador
The Salvadoran government recently launched the National Trade Facilitation Strategy 2023-2027. In it, the country seeks to promote sustainable economics by implementing the six foundational pillars included in the measure.
Industrial properties in Costa Rica: A conversation with Cushman Wakefield
Welcome to another episode of the Central American Group’s podcasts. In these recordings, we speak to people that are in Central America to lend us some perspective on what is happening in terms of the economy and the businesses in that part of the world. Today we’ll have a discussion on industrial properties in Costa Rica. We have with us Jose Ignacio Gonzalez. Jose, please introduce yourself, your company and give us some background.
Foreign companies in Costa Rica increased by forty in 2022
Innovation in Costa Rica will bring the nation prosperity, reduce inequality, and promote social mobility for the country’s citizens. Additionally, it can create numerous opportunities for creating new companies that support the further economic development of Costa Rica.
