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%.
Learn about the synthetic textile cluster in El Salvador
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.
Travelers find business and leisure in Costa Rica
Costa Rica is committed to becoming the destination that most captivates executives. In more and more instances business travelers decide to stay in the country a little longer to enjoy the country’s sandy Atlantic and Pacific Coast beaches.
Kyocera AVX in El Salvador invests $20 million to expand production
Imagine that the cell phone that you carry contains approximately 400 electronic capacitors. These critical components guarantee that the device is adequately powered. High-tech parts such as this are in global demand.
New Investment in Central America can come from Asia
A movement toward more nearshoring accelerated its pace as the coronavirus pandemic contributed to a historic logistics crisis that has cost global trade billions of dollars. This is, however, not entirely a new trend but rather a phenomenon resulting from a significant deterioration that has characterized the US-China trade relationship in recent years.
Avionyx strengthens its presence in the Costa Rican aerospace industry
Avionyx is a company that specializes in the development and verification of software that is designed for use in advanced aeronautical systems. Recently, the organization announced its planned growth in the Costa Rican aerospace industry by expanding its facilities and creating more than fifty new positions.
Two new venture capital investment funds in Costa Rica will inject up to $400 million into small and medium-sized enterprises
The country’s small and medium-sized enterprises (SMEs) will have a new option for accessing venture capital investment funds in Costa Rica. These resources will help them grow their businesses, expand their operations, hire personnel and contribute to the country’s economic growth.
UNIFI in El Salvador will invest $100 million in innovative technology
The salary that will be paid is what an employer must pay the worker related to the activities agreed to and carried out in the employment contract. The sum paid to the worker will never be less than the established minimum wage.
