The industry average nominal wage is $549, but in certain areas such as paper and cardboard it is $609.
This was explained Doris de Rivera, industrial manager of the Salvadoran Association of Industrialists (ASI). Globally, private sector employment has increased by 31% compared to the first six months of last year.
Elsalvador.com reports: "Regarding the increase in the number of jobs in companies which produce and distribute paper, cardboard and printing there was an increase of 4.2%, approximately 337 jobs."
The regulation increases the size of the "aguinaldo" (extra salary at the end of the year), depending on the number of worked years.
Those who have been working in a company for between 1 and 3 years will receive 15 days worth of 'aguinaldo' (end of year salary payment), those with between 3 and 10 years will receive 19 days worth of aguinaldo, and those who have worked for more than 10 years, will receive 21 days worth of aguinaldo.
The Development Bank of Latin America has provided a loan of $300 million to the Spanish Official Credit Institute for promoting business development between Spain and Latin America.
From a press release issued by the Development Bank of Latin America (CAF):
CAF (Development Bank of Latin America) and the Official Credit Institute (ICO) today signed the granting of a loan for $300 million for the financing and provision of guarantees for Spanish and Latin American companies.
47 companies replied to the call by the Government of El Salvador to present investment projects supported by grant funds from FOMILENIO II.
Elmundo.com.sv reports that the Salvadoran government "already has 47 expressions of interest to run future investment projects in the coastal zone of the country, as part of the second Fomilenio, which together amount to $413 million."
"What makes a country prosperous is not its resources but how productive it is. A country is not rich because of what it has but because of what it does with it " - Javier Simán.
An analysis by Claudio M. de Rosa in an article in Laprensagráfica.com, refers to the economical situation and the political circumstances in El Salvador, but most of the concepts and findings can be extrapolated to the entire Central American region.
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...