Diverse activities will drive economic growth in Costa Rica in 2023 and 2024
The Central Bank raised its growth projection for the country’s economy for this year from 2.7% to 3.3% and from 3.5% to 3.6% for 2024.
In recent years the Central American Bank for Economic Integration has approved up to $4.6 billion in loans to El Salvador
CABEI’s primary objective is to contribute to its member countries’ economic and social development, including Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama.
Trends in nearshoring and friendshoring in Costa Rica
Concerted and complementary efforts between government authorities, legislators, and the private sector will ensure Costa Rica will move forward to take advantage of international trends in Nearshoring and Friendshoring.
Deputies to replace PROESA with INVEST to promote investments in El Salvador
The Economic Commission of the Salvadoran Legislative Assembly deputies issued a favorable opinion on June 5, 2023. They resolved to draft the Law for the Creation of the Agency for the Promotion of Investments and Exports of El Salvador (INVEST).
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.
