españolBukele is Gaining Ground: What's in Store for El Salvador?Monday, March 1, 2021 After Nuevas Ideas, the party led by president Nayib Bukele, achieved a convincing victory that would allow it to have a qualified majority in the Assembly, the country will face a scenario in which this political group would have enough power to make transcendental decisions. For two years now, Nayib Bukele has won the presidential elections in El Salvador. The 39-year-old political leader became the country's first magistrate with promises of making a "different politics." Finance: Optimism for New InstrumentWednesday, February 24, 2021 Negotiable certificates of deposit, a new investment tool that was authorized in El Salvador, generates expectations because it promises to improve the yield of savings and may be processed with no need to register it in an agency. The Standards Committee of the Central Reserve Bank (BCR) authorized on February 2, 2021 the new investment tool called negotiable certificates of deposit (CDN).
MARKET STUDY
Agrochemicals: Business in the Region up 30%Monday, March 1, 2021 During the first nine months of 2020, companies in Central American countries imported insecticides, herbicides and fungicides for $617 million, 30% more than what was reported in the same period of 2019, a rise that is explained by the behavior of purchases from all markets in the region. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graph"] Gas Plant to Start Operations in July 2022Friday, February 26, 2021 In El Salvador, the initial plan was that the new Energia del Pacifico power plant would begin operations in early 2022; however, it is currently projected to begin operations until July 1 of next year. The project located in the Acajutla port area, which will have an installed capacity of 378 megawatts and began construction in 2015, will be delayed a few months.
MARKET TRENDS
SUVs: Interest and Consumers in the regionFriday, February 26, 2021 At the beginning of 2021 in Costa Rica and El Salvador, interest in this type of vehicle reported a clear rebound, in contrast to the situation registered in Guatemala, Panama and the Dominican Republic, markets in which Internet searches decreased. Through a system that monitors in real time the changes in the interests and preferences of consumers in Central American countries, developed by CentralAmericaData, it is possible to project short and long term demand trends for the different products, services, sectors and markets operating in the region. FTA with South Korea Soon to Take EffectFriday, February 26, 2021 As of March 1st, the Free Trade Agreement signed between the Republic of South Korea and Central American countries will become effective. After several years of negotiations, the trade agreement between the countries of the region and the Asian nation will finally come into force next Monday.
BUSINESS OPPORTUNITY
Tender for Bulletproof Vests in El SalvadorThursday, February 25, 2021 The Ministry of National Defense tenders the supply of 956 bulletproof vests for personal protection, to be used by Army and Air Force personnel. El Salvador Government Purchase DR-CAFTA LA/032/2021/MDN: Ice Cream: Promising Business in GuatemalaThursday, February 25, 2021 Between 2019 and 2020, it is estimated that ice cream sales in the country increased by 6%, with supermarkets, discount stores and convenience stores being the main marketing points, as 7 out of every 10 units are sold in these establishments. In recent years, ice cream consumption in the Guatemalan market has increased considerably, since between 2019 and 2020 sales increased by $8 million, going from $128 million to $136 million, according to Euromonitor estimates.
MARKET TRENDS
Liquors: Wine Gaining Market Share in Central AmericaThursday, February 25, 2021 Interest in wines has been on the rise in the digital environment in the last quarter of 2020 and in January 2021, an upturn that is explained by the behavior of consumers in all markets in the region. Through a system that monitors in real time the changes in the interests and preferences of consumers in the countries of Central America, developed by CentralAmericaData, it is possible to project demand trends in the short and long term, for the different products, services, sectors and markets operating in the region. El Salvador Inaugurates 115 Km of Electric GridTuesday, September 29, 2009 On October 8th, Millennium Fund will inaugurate the first 115 km of the rural electricity network of the country's north. The project, being developed by AES Group El Salvador, includes the construction of over 1.300 km of electricity lines in the next three years. Contract signed for laying of electric cables in El SalvadorWednesday, December 17, 2008 With an investment of $3.1 million, electricity will be provided to sectors in 34 municipalities in five departments. According to the agreement, $2.6 million will come from the Millennium Fund, representing 85% of the cost of the project and $465 thousand, or the 15% percent, will be provided by the AES Group. El Salvador: Who Will Pay for Number Portability?Wednesday, June 30, 2010 Telecomm companies are threatening with legal action if authorities don’t modify or withdraw a bill to change the Telecommunications law, proposed by President Funes. These companies argue that letting users keep their telephone number when changing operators will increase their operation costs, making them invest less in technology. Negative Perspective on Salvadorian BanksWednesday, June 24, 2009 Fitch changed its long term perspective rating from "stable" to "negative" for the banks Agricola, HSBC, and Scotiabank in El Salvador The reason for this change is the current "negative" perspective for the sovereign rating for the Republic of El Salvador, which could affect the Issuer Default Rating for the long term for the three main banks in El Salvador in the case that the rating is reduced again in the country.
CONSUMER STUDY
Supermarkets: Which Countries Are Back to "Normal"?Wednesday, February 24, 2021 At the end of January 2021, Nicaragua and El Salvador were the only two countries in the region where the number of people visiting establishments identified as supermarkets was similar to the figures reported before the pandemic. As the months have gone by and in the context of the reactivation of commercial activities, more Central American consumers have visited locations identified as supermarkets and pharmacies. E-Commerce: New Platform in Costa RicaTuesday, February 23, 2021 DÚ, a digital platform that allows passengers to make online purchases at the Juan Santamaria Airport, began operating on February 22 at the air terminal. The new "marketplace" platform operates on the website www.dushop.cr and for the moment only offers products from Britt Café Bakery and Britt Shop Costa Rica, of Morpho Travel Retail. |
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Wednesday, March 3, 2021 - last update: 5:15 pm
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