Costa Rican industrial competitiveness must increase to attract more FDI
Costa Rica continues to be an attractive country for Foreign Direct Investment (FDI). Analysts from Costa Rica’s ACOBO Financial Group point out that the country’s main competitive advantages are its political and economic stability, legal certainty, educated and qualified labor force, and Free Trade Zone Regime.
Nearshoring in El Salvador can occur in the field of tech
Arizona State University supply chain expert, Dale Rogers, explains that companies seek to move to countries that provide added value for foreign direct investors.
The free trade agreement between Costa Rica and China has produced mixed results
More than a decade after the signing of the free trade agreement between Costa Rica and China, relations “have not been as commercially successful as we have wanted,” acknowledges the Costa Rican deputy minister of Multilateral Affairs, Christian Guillermet
Central American textile manufacturers adversely affected by US inflation
Central American textile manufacturers report that orders for their products lag because chain stores are selling fewer garments in the United States.
Procomer in Houston: A Conversation with Andrew Crawford
Welcome to another episode of the Central American Group podcasts. We record these on topics that have to do with economic issues in Costa Rica and El Salvador, and the rest of the Central American region as a whole. Today we’re lucky and fortunate to have Patricia Figueroa with us. She is the executive director of the Textile, Apparel, and Free Trade Zone Association of El Salvador. Among other things, we will discuss the synthetic textile cluster in El Salvador.
Energy investment in El Salvador has totaled $2.5 billion in the last decade
Energy investment in El Salvador has been significant during the last decade. The Central American nation seeks to modernize its energy matrix and increase the production of green energy.
How to calculate the yearly Christmas bonus in Costa Rica.
The Christmas season is getting closer. Employees eagerly await it each year for the holidays and the payment of the thirteenth month of salary, known as the Christmas bonus or “Aguinaldo.” This article advises what employers should consider when calculating the Christmas bonus in Costa Rica.
CAF Regional Bank will finance up to $380 million in economic development projects in El Salvador
There are four economic development projects in El Salvador in which the regional bank plans to invest funds. However, most of the resources to be allocated will go to education, informed the Andean Development Corporation (CAF).
The power of what Central America exports to the world
The items that Central America exports represent more than 4,000 products. They include minerals such as gold and copper, medical devices, high-tech products, and a long list of textile goods that the world consumes.
The Central American Group welcomes BriskHeat to the Green Park Free Zone in Costa Rica
Briskheat is a Columbus, Ohio- based manufacturer of custom heating and temperature control solutions. The company will occupy 60,000 square feet of new industrial space and eventually employ approximately 600 Costa Rican workers.
Current risks and opportunities for the Central American economy
Central America is currently experiencing a gradual economic recovery. This comes as the most challenging days of the coronavirus pandemic have passed. As was the case with many countries, the pandemic was one of the most significant challenges that the region has had to deal with in recent decades.
Employment in the medical device industry in Costa Rica continues to expand
Employment in the medical device industry in Costa Rica has maintained constant growth since 2018. For example, during the entirety of 2021, the sector grew by an impressive 18%. Furthermore, it is estimated that, by the end of 2022, growth for the year could surpass the prior twelve months and reach up to 20%.
