Displaying items by tag: EL SALVADOR

China is in one of the most complicated stages of its economy, since it has been experiencing a marked slowdown for a couple of months, job losses and low production for exports.

So far this year, El Salvador accumulates a decrease of US$377 million in sales. Imports also fell.

3,200 hectares of land have been used to produce 56,000 quintals of cocoa in the last 4 years in El Salvador. Of all this production some 1,500 quintals of cocoa were exported to countries such as France, Italy, Belgium and the United States.

Technology, which 20 years ago was seen as something too "futuristic", today, in 2023, is a daily currency; and it is being used in virtually any industry worldwide. Logistics, mass consumption, banking, retail, pharmacies, what industry has not used this resource to progress?

Today the Asociación Salvadoreña de Industriales (ASI), inaugurated the Congreso Regional de Energía (COREN 2023), in which several institutions participated in the event, among them was AES El Salvador.

The Ministerio de Turismo (MITUR) provided a balance sheet explaining that during the August vacation season, El Salvador was expected to receive more than 75 thousand visitors, but the number increased by 15%, that is, it welcomed 90 thousand tourists.

Luis Treminio President of the Cámara Salvadoreña de Pequeños y Medianos Productores Agropecuarios (CAMPO), spoke in a television interview about the current situation of agriculture in El Salvador, mentioning that the sector is in trouble.

According to the Country Situation 2023 report by the Universidad Francisco Gavidia (UFG),El Salvador has shown a drop of 11 points in its Country Risk rating in Latin America, that is, it fell from 13.28 points in may 2023 to 9.35 points as of july 31, 2023.

Movistar El Salvador completed the first stage of its network modernization project. For this, the company made a millionaire investment in 5G Ready infrastructure and the deployment of new LTE coverage. The operator invites its users to test the new network and enjoy its benefits now that the first stage of improvements has been completed.

According to rating agency JP Morgan, data has been generally upbeat in recent months in El Salvador, showing disinflation, positive fiscal accounts performance and, more recently, increasing signs of acceleration in the economy.