Sustainable economic development requires the maximization of these three factors in a combined form.
EDITORIAL
- There is no use opening a country to the world if you do not have the minimum capacities to compete in international markets.
- To base development on offering a list of a few products or services to the worldgenerates a dangerous dependence of their value in the market or on fluctuations in their production.
The Superintendent of the Financial System has authorized the Savings and Credit Society Multivalores to start operating from December 22.
Sociedad de Ahorro y Crédito Multivalores, whose main shareholder is Nicaraguan, start operations on December 22 and will be headquartered in San Salvador.
Elsalvador.com reports that "... The initial capital for the incorporation of the company Multivalores was $4,000,000, signed in April 2013 and subsequently increased its capital by $2 million, for the purpose of performing operations taking in deposits from the public on current account , through testimony of deed of amendment to the articles of incorporation. "
An announcement has been made for the 2016 opening of a Fairfield hotel by Marriott, a 130-room hotel in San Salvador, situated next to La Gran Via shopping center.
From a statement by Marriott International:
Marriott International has announced its plans to open a hotel with 130 rooms under the Fairfield by Marriott brand in El Salvador. The hotel will be located next to La Gran Via shopping center and close to companies such as Xerox, Citibank, the World Bank, Bayers and Siemens. The hotel will serve as an excellent accommodation choice for frequent business travelers. The hotel will be developed by Dueñas Hermanos Ltda. And managed by Marriott International under a long-term agreement.
The Foreign Ministry has announced that it has given approval for the establishment of the office, whose opening is scheduled for October.
Two years after El Salvador set up an embassy in Russia, the authorities in this country are preparing to open an office in San Salvador, for which they "... already have a person to lead it."
Foreign Minister Hugo Martinez told Elmundo.com.sv "...
Banco Industrial will be investing $2.5 million in opening six new branches in El Salvador.
Banco Industrial de Guatemala has announced the opening of six new branches in El Salvador, in which will it invest $2.5 million. The first three branches will open before the end of the first quarter of 2014 and will be located in Sonsonate, San Miguel and Plaza Mundo.
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