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Salvadorans will be able to buy 20 products of the basic food basket at lower costs
Written by Evelyn Alas
To reduce the impact of global inflation, the Central Government will implement the suspension of import tariffs on 20 basic products for salvadoran families for one year, including: oil and shortening, rice, sugar, onions, chili peppers, fertilizer, black and red beans, corn flour, wheat, milk, yellow corn, white corn, oranges, potatoes, bananas, cabbage, tomatoes, wheat, cereal, and animal feed.
The State will not receive US$24.56 million in FEFE and CONTRANS taxes for 3 months
Written by Evelyn Alas
The President of the Republic, Nayib Bukele, through a national chain announced the implementation of 11 measures in response to global inflation, the first is the suspension for three months of the Fondo de Estabilización para el Fomento Económico (FEFE) tax, US$11.52 million less in taxes that the Government will not receive, and the suspension for three months of the Contribución al Transporte (CONTRANS), which implies US$13.04 million less for the State.
Economy Commission rules in favor of reforming the petroleum products regulatory law
Written by Evelyn Alas
The deputies of the Economy Committee issued a favorable opinion to reform the Law Regulating the Deposit, Transportation and Distribution of Petroleum Products.
ASTIC proposes freezing VAT if fuels increase more than US$0.30 in taxes
Written by Evelyn Alas
The President of the la Asociación Salvadoreña de Transportistas Internacionales (ASTIC), Raúl Alfaro, said in a morning interview that despite the sharp rise in fuel prices, the institution maintains the cost of its freight.
Housing has invested US$224.5 million in contribution of houses for 56% of women
Written by Evelyn Alas
The Housing System in the area of credits, property deeds, contributions for construction or improvement, 56% corresponds to women, this resultes into an investment of US$224.5 million, which have been made available to this sector.
Flour companies could be affected by conflicts between Russia and Ukraine
Written by Evelyn Alas
Russia is the world leader in wheat exports and Ukraine is fourth in the list, so the blockade of the main ports in the area has led to an increase of up to 40% in just one week in the prices of the most traded contracts of this product in the Chicago Stock Exchange, reaching a 14-year high.
Bitcoin bonds to be issued in the first 15 days of march: Alejandro Zelaya
Written by Evelyn Alas
The minister of Finance, Alejandro Zelaya, said in a morning interview that in the first 15 days of march 2022, the institution is scheduled to finish everything necessary for it to start issuing Bitcoin bonds.
Fuel prices increase between US$0.26 and US$0.21 starting tomorrow
Written by Evelyn Alas
The Ministerio de Economía (MINEC), informs salvadorans the new variations in fuel prices that present an increase of US$0.26 and US$0.21, in premium gasoline, regular and diesel, effective from march 8 to 21, 2022.
EU, FAO and El Salvador launch AGRÍCOLA project with US$8.4 million investment
Written by Evelyn Alas
The Ministerio de Agricultura y Ganadería (MAG), with the support of the European Union (EU) and the Food and Agriculture Organization of the United Nations (FAO), launched the project "Support to the Comprehensive Development Plan for Central America in the framework of the European Union's global response to Covid-19"; its objective is to mitigate the impacts generated by the pandemic crisis, improving resilience, in addition to reducing migration among the participating population.