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brazil

Inflation in Brazil fell one tenth in February

The Consumer Price Index (CPI) in Brazil stood at 5.6 % year-on-year in February, a drop of more than one tenth compared to the data for January, according to the Brazilian Institute of Geography and Statistics (IBGE). Thus, Brazilian inflation continues its downward trend, albeit in a very…

76% of Spanish companies will increase their investments in Latin America in 2023

76% of Spanish companies plan to increase their investments in Latin America in 2023, which leads to 79% being confident that their turnover in the region will increase in the next three years, reaching a higher weight than Spain for 51% of…

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Latin American startups generated $8.1 billion in 2022

Latin American startups led by Brazil and Mexico raised $8.1 billion in venture capital in 2022, according to a report by Endeavor and Gisco Partners. Despite the fact that the figure is 47 % lower than that of 2021, this year has been…

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China will represent 25% of the Latin American market

25% of the commercial exchanges carried out by Latin America in the year 2035 will be with China, which translates into figures of a total of 700,000 million dollars, double what the Asian giant represented for the region in the year 2020 .…

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Brazil’s economy grew 2.9% in 2022

The Brazilian Economic Activity Index (IBC) grew by 2.9 % in 2022, which is interpreted as the advance data of the Gross Domestic Product (GDP) of Brazil, which will be released in early March by the Brazilian Institute of Geography and…

Cryptocurrencies

Brazil authorizes payment of taxes with cryptocurrencies

The ease provided by cryptocurrencies when carrying out any transaction encourages Banco do Brazil to implement state tax payments with this modality. The financial entity, one of the most important in the hands of the Brazilian…

Business

Conviasa will launch a flight to connect Margarita and Manaus

Venezuela will connect the tourist island of Margarita with the Brazilian city of Manaus by air starting next March 30, the state-owned Consorcio Venezolano de Industrias Aeronáuticas y Servicios Aéreos (Conviasa) announced. Through its…

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Coin Cloud ATM company files for bankruptcy

The company Coin Cloud, operator of cryptocurrency ATMs, announced that it is filing for bankruptcy, according to Chapter 11 of the United States Bankruptcy Law. Coin Cloud currently operates some 4,000 bitcoin ATMs in this country and in…

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Brazil and Germany support agreement between Europe and Mercosur

The recent visit to Brazil by German Chancellor Olaf Scholz was the setting for the signing of a joint declaration with President Luiz Inácio Lula da Silva, on a possible agreement between Europe and Mercosur. This Wednesday, Scholz and…

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Brazil and Mexico lead the regulation of the fintech sector in Latin America

Regulation of the fintech market is a priority for Latin America. Mexico and Brazil stand out as pioneers in this area. Both nations, one in the north and the other in the south of the continent, are advancing in terms of fintech…

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Brazil calls for an agreement between Mercosur and the EU

The president of Brazil, Lula da Silva, stated that it is "urgent" and "necessary" for Mercosur to reach a trade agreement with the European Union (EU) as soon as possible, in order to address other issues that the trade bloc has, such as…

Brazil and Argentina will have a common currency

The governments of Brazil and Argentina will announce next week preparations to launch a common currency project that could turn the two countries, the two largest South American economies, into the world's second-largest currency bloc.…

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