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VAT exemption for the purchase of improved seeds and agricultural inputs approved
Written by Evelyn Alas
With 75 votes, parliamentarians approved transitory provisions to free the Ministerio de Agricultura y Ganadería (MAG) from paying Value Added Tax (VAT) on the purchase of improved bean seeds, corn, agricultural inputs, transportation and logistics as part of the Family Agriculture Program and Agricultural Packages.
Bitcoin continues to rise and U.S. sovereign bonds drop
Written by Evelyn Alas
According to Bloomberg news outlet Bloomberg, equity markets are on a positive trajectory since the open, but sovereign bonds are heading in the opposite direction as investors unwind their positions on the prospect of slower economic growth.
Fuel prices increase again in El Salvador, diesel up to US$0.43
Written by Evelyn Alas
The Ministerio de Economía (MINEC), informs salvadorans that the new variations in fuel prices present an increase of US$0.43, US$0.33 and US$0.29 for this fortnight that will be in effect from march 22 to april 04, 2022.
CABEI to make available $150 million to boost regional debt market
Written by Evelyn Alas
The Minister of Finance, Alejandro Zelaya, said in a morning interview, that the Central American Integration Bank (CABEI), will have US$150 million to promote the regional debt market to be invested throughout the region.
Sales of goods manufactured in the country in february left US$614.11 million in revenues
Written by Evelyn Alas
The Banco Central de Reserva (BCR) states in its periodic report that, only during february, the sale of goods manufactured in the country, to multiple destinations, left US$614.11 million in revenues, an increase of 15.6% compared to the same month in 2021.
El Salvador registers 5.7% increase in imports and exports in the first quarter of the year
Written by Evelyn Alas
The Port of Acajutla has mobilized 1,175,330 metric tons of merchandise between january 1 and march 12 of this year, which demonstrates the good work of President Nayib Bukele's government in economic reactivation, despite the pandemic and the crisis generated by the rise in oil prices.
MAG deploys 150 inspectors to verify agroservices do not increase prices of products
Written by Evelyn Alas
Minister of Agriculture and Livestock (MAG), Enrique Parada, said in a press conference that the institution has deployed 150 inspectors nationwide to verify the price of agricultural inputs, they will focus on those areas where the national agricultural production is concentrated.
Congressmen approve reform of the Petroleum Products Regulatory Law
Written by Evelyn Alas
With 62 votes in favor, the deputies of the Legislative Assembly approved the reform of the Law Regulating the Deposit, Transportation and Distribution of Petroleum Products, in order to establish the universal filling system for gas drums, regulate and oversee the import and export, storage, transportation and commercialization of such products.
Salvadorans to pay US$0.28 less for regular and premium gasoline
Written by Evelyn Alas
The Ministerio de Economía (MINEC), informs salvadorans about the new variations in fuel prices that will present a reduction of US$0.28 for regular and premium gasoline, and US$0.10 for diesel, effective from march 14 to 21, 2022.