The National Administrative Department of Statistics (Dane) published the unemployment figures for the month of October, showing a drop in the index and placing it at 9.1 %.

The figure “represents a slight improvement compared to the numbers presented, for the same date, during 2023, when a level of 9.2 % was obtained,” said Dane.

According to the director of the entity, Piedad Urdinola, this percentage represents an unemployed population of 2,351,000 people. “Despite this, a good news item from this recent report states that while the number of unemployed is rising slightly, the number of jobs seems to be moving at a faster pace, as it rose by around 311,000 new employees between October 2023 and October 2024.”

Between 2023 and 2024, the economic sectors that have generated the most jobs in Colombia are commerce, manufacturing and construction. The sectors with the opposite trend are the public sector, professional activities, accommodation and food.

M.Pino

Source: noticiascaracol

(Reference image source: Eric Wang en Unsplash)

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La entrada Unemployment in Colombia fell to 9.1 % in October apareció primero en Bitfinance.

The interest of Colombians in cryptocurrencies has increased significantly in 2022. This is demonstrated by the most recent study carried out by the marketing agency Sherolck Communications, which shows that 22.3 % of citizens expect to buy bitcoin this year. which represents a growth of 208% compared to 5.2 % that this interest had at the beginning of the year.

The interest has increased due to the relaxation of the regulatory environment for bitcoin and cryptocurrencies that the Financial Superintendence of Colombia (SFC) has been carrying out with a series of authorizations for the start of operations of various exchanges such as Bitso, Buda.com, Binance, Gemini and Panda, which are associated with specific banking entities to offer cryptocurrency trading services.

The Colombian crypto market has been experiencing some changes and transactions are increasing despite the regulations that some government entities are applying.

Mauricio Tovar, director of operations (COO) of Tropikus, hopes that the increase in “P2P transactions will continue, despite the recent regulatory attempts by the Financial Information and Analysis Unit (UIAF) that force exchanges to report operations by above a certain amount. Likewise, the National Tax and Customs Office of Colombia (DIAN) wants Colombians to report their operations in LocalBitcoins.”

Inflation will impact the Colombian crypto market

One of the factors that is impacting the growth of the cryptocurrency market in the country is the increase in inflation that has been registered in the Latin American region and particularly in Colombia during the first months of the year.

According to Tovar, the growth of inflation “will highlight the value that cryptocurrencies can provide. Inflation will be a problem that will lead people to learn to look for ways out, including cryptocurrencies.”

People are analyzing the alternatives to protect themselves from inflation and bitcoin and in general all decentralized finance is a very valid option to protect the income of citizens.

According to the director of operations Tropikus, inflation has its beginning in the printing of money by some countries to face the pandemic and the supply chain crisis. But with the war between Russia and Ukraine, the problem has worsened because the prices of fuel, raw materials and food have increased.

The increase in consumer prices (CPI) in Colombia reached 8.53 % in March 2022, the highest since the National Administrative Department of Statistics (DANE) began its records in 1975.

M. Rodríguez

Source: criptonoticias.com

La entrada Colombians show more interest towards cryptocurrencies apareció primero en Bitfinance.

The commercial exchange between Venezuela and Colombia was located at 192 million dollars, between the months of January to July 2021, compared to the 112 million dollars registered in 2020 during the same period, which represents an increase of 72 %, according to the data provided by the Venezuelan Colombian Chamber of Integration (Cavecol).

During the first seven months of 2021, Venezuela’s exports to Colombia increased by 208 %, registering about 37 million dollars, while in the same period last year, 12 million dollars were reported.

For its part, exports from Colombia to Venezuela increased by 55 %, obtaining about 155 million dollars. this was published by the Colombian National Administrative Department of Statistics (DANE in Spanish).

Most demanded products

Among the main products exported by Venezuela to the neighboring country, during the first seven months of 2021,  stand out: smelting, iron and steel, which reported about 14.44 million dollars; organic chemical products, that contributed with 2.64 million dollars and plastics and manufactures, which billed 1.81 million dollars.

In addition, there are inorganic chemicals, which accounted for 1.45 million dollars; aluminum and its manufactures with just 0.87 million dollars; fuels and mineral oils and their products, which registered 0.24 million dollars, as well as various products of the chemical industries.

For its part, Colombia exported plastic materials and manufactures to Venezuela, which represented some 32.68 million dollars; sugar and confectionery articles, for about 9.10 million dollars, while fuel and mineral oils and their products, that represented about 7.43 million dollars.

As for pharmaceutical products, they accounted for 7.19 million dollars; smelting, iron and steel 6.57 million dollars; electrical items recording or image equipment and equipment, equivalent to $ 5.90 million and essential oils, perfumery and cosmetics for $ 5.18 million.

M. Rodríguez

Source: primicia

La entrada Trade between Venezuela and Colombia increased by 72 % apareció primero en Bitfinance.