The government of El Salvador has lost an estimated $3.1 million on its initial investment in Bitcoin within one day of the cryptocurrency becoming legal tender in the Central American country. The adoption of Bitcoin in El Salvador became law on September 7, after months of headlines and speculation since legislation to make it legal …
Bitcoin in El Salvador: Govt Loses $3M on First Day Read More »
In a highly positive sign for Latin America business and investment, the UN’s Economic Commission for Latin America and the Caribbean (ECLAC) has significantly raised its predictions for growth in the region during 2021, offering a strong indication of economic reactivation in the wake of the global pandemic. According to a newly released report from …
Latin America Business: 2021 Growth Predictions Jump Read More »
El Salvador’s growth projection has jumped 50% since June, with the Salvadoran government now reporting that it expects the economy to grow 9% in 2021. That gives the El Salvador economy one of the strongest growth forecasts in Latin America. According to Douglas Rodriguez, the president of El Salvador’s central bank, the main drivers of …
El Salvador Economy: 2021 Growth Projection Jumps 50% Read More »
A new report on gasoline prices in the Americas has highlighted drops in gas prices in Colombia and Ecuador in the first half of 2021, while Bolivia, Chile, and Venezuela saw little or no change. Although the rest of the region saw gasoline prices rise, it was only in Argentina, El Salvador, and Panama that …
The legal and accounting teams at Biz Latin Hub’s offices in Argentina, Bolivia, Chile, Colombia, and El Salvador reported the following regulatory updates in June 2021 that could affect your business interests. At Biz Latin Hub our multilingual teams of back-office specialists based throughout Latin America and the Caribbean offer legal, accounting, recruitment and other …
Regulatory Update: 5 LatAm Offices Report Changes in June 2021 Read More »