Key Week for Fast-Tracking the 4-3 Work Shifts in Costa Rica: A Turning Point for Employment and Competitiveness
The nation’s lawmakers will consider this week whether to enact pivotal changes to the labor code by approving 4-3 work shifts in Costa Rica after reviewing a proposal designed to modernize national labor standards to meet global industry requirements and operational needs in critical economic sectors. The Exceptional Work Shifts Bill known as the 4-3 Shifts Initiative faces mixed reactions from both supporters and critics.
Over $3 Billion in Private Investment Drives Development in San Salvador
Decisive institutional reforms and a significant influx of private investment are profoundly transforming the Metropolitan Area of San Salvador. Within a single year, the Office of Planning for the Metropolitan Area of San Salvador (OPAMSS) unlocked more than $3 billion of private capital, which triggered economic development alongside job creation and infrastructure advancement.
A discussion on the TMF Group’s Global Business Complexity Index with Adrian Owen
Welcome to the most recent episode of the Central American Group podcast. In these recordings, we speak with individuals who have expertise in Central America and, often, the Latin American region as a whole. Today, we have with us Adrian Owen. Adrian is affiliated with the TMF Group, which publishes the Global Business Complexity Index (GBCI) annually.
Food Industry Transformation in El Salvador Driven by Strategic Alliance Between OPAMSS and ASI
The food and beverage industry has emerged as one of El Salvador’s most progressive economic sectors, with substantial impacts on employment creation and export generation as well as industrial expansion. The essential sector is currently experiencing a significant transformation period.
The Costa Rican Free Trade Zones Business Association opposes all efforts to introduce new taxes into their operations
Among the world’s 30 leading medical device brands, 14 have production plants in Costa Rica. Over the past two decades, these factories have transitioned from assembling parts to conducting research and developing advanced cardiovascular, respiratory, neuro-endovascular, and orthopedic mechanisms.
Spain Was a Major Source of Foreign Investment in El Salvador in 2024
In the first three quarters, the amount of Spanish investment in El Salvador reached $396.21 million, almost $9 million more than the total from all other countries. It may involve the repatriation of capital by Salvadoran entrepreneurs with registered companies there.
5 Key Reforms to Improve the Investment Grade in Costa Rica
Costa Rica’s economic future is at a crossroads, with its investment grade in the balance. The country’s positive risk ratings, which have been stable over the past three years, could decline without structural reforms. A higher investment grade in Costa Rica is crucial for attracting foreign investment, creating jobs, and improving the business climate.
Unprecedented Surge in Foreign Investment in El Salvador
El Salvador is experiencing an unprecedented surge in foreign investment, primarily due to President Nayib Bukele’s bold policies, which have transformed the country’s economic landscape. Since taking office, Bukele has introduced business-friendly policies, made significant strides in improving security, and adopted Bitcoin.
Manufacturing in Costa Rica with Ascential Medical and Life Sciences
Ascential Medical and Life Sciences specializes in helping its customers develop their own automation solutions.
Development in the East is a Reality: Nayib Bukele Highlights Billion-Dollar Investment in Infrastructure in El Salvador
Under President Nayib Bukele’s leadership, the El Salvador government has committed an unprecedented $1.4248 billion to develop infrastructure in the eastern part of the country. This investment does not yet include future projects such as the Pacific Airport, tourism developments, and economic revitalization efforts in San Miguel.
Juan Carlos Hidalgo Proposes Making All of Costa Rica a Free Trade Zone
Juan Carlos Hidalgo, a candidate for the Christian Social Unity Party (PUSC), has proposed a bold economic vision for Costa Rica: to turn the entire country into a massive free trade zone. According to Hidalgo, the proposal would bring an influx of foreign investment, create thousands of new jobs, and increase the country’s state revenues.
These Were the Top 5 Salvadoran Exported Products in 2024
T-shirts and sweaters accounted for 15.17% of Salvadoran exports, making them the “kings” of the export basket. According to the Central Reserve Bank (BCR), despite the global decline in demand for textile products, T-shirts remained El Salvador’s top export product. Following T-shirts on the list were sweaters, plastic packaging or transportation articles, cane sugar, and toilet paper.
