How will El Salvador promote innovation and technology manufacturing in ?
On May 4, , the Legislative Assembly approved the Law for the Promotion of Innovation and Manufacture of Technology, which will promote innovation and technology manufacturing in El Salvador by eliminating tariffs and taxes for 15 years.
How much does electricity cost in Salvador?
The Salvadoran government subsidizes residential consumers for electricity use of up to 105 kWh monthly. The electricity subsidy costs the government between $50 million to $64 million annually. On October 25, , the Legislative Assembly approved a price freeze for energy that ends in April .
Which sectors have been liberalized in El Salvador?
El Salvador has successfully liberalized many sectors, though it maintains state-owned enterprises (SOEs) in energy generation, transmission and distribution, water supply and sanitation, ports and airports, and the national lottery (see chart below):
Who owns the electricity grid in El Salvador?
El Salvador created a new autonomous entity called ENTE that owns the state-run transmission company ETESAL. ENTE oversees the planning and execution of the national transmission grid expansion. ETESAL builds, maintains, and operates the electricity transmission grid.
What is the legal system in El Salvador?
El Salvador’s legal system is codified law. Commercial law is based on the Commercial Code and the corresponding Commercial and Civil Code of Procedures. There are specialized commercial courts that resolve disputes. Foreign investors may seek redress for commercial disputes through Salvadoran courts.
What is the government doing in El Salvador?
Long-standing government practices in El Salvador, including cash payments to officials, shielded budgetary accounts, and diversion of government funds, facilitating corruption and impeding accountability.
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Designed to optimize energy reliability and operational efficiency for industrial clients, the project leverages proprietary liquid-cooling technology to ensure peak performance
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The completion of a full Customs Union between El Salvador, Guatemala and Honduras and El Salvador remains years away, but senior GOES officials have expressed a strong desire to
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Designed to optimize energy reliability and operational efficiency for industrial clients, the project leverages proprietary liquid-cooling technology to ensure peak performance
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