Ecuador has performed more than one billion dollars in transactions, using the Unified System for Regional Compensation (Sucre), which came into existence in 2010, official sources reported according to Prensa Latina. Sucre is a compensation system that is valid for trade among the eight members of the Bolivarian Alliance for the Peoples of Our America […]
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Industrialists warned that the recovery in 2013 will depend on the stimulus to the economy launched by the government to take effect, and that the government is endeavoring to take steps to help reduce production costs and increase productivity. Set for a recovery next year and expects growth of 4.1%, after the “lost year” of […]
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According to the document, the nation’s capital has a strong budgetary performance, moderate debt levels and adequate liquidity position. Financial management is predictable and has shown stability even with changes in government. Thus, the rating agency affirmed its ratings of Bogotá, including the corporate credit rating of ‘BBB-‘. “We expect the budgetary performance of Bogota […]
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Pursuant to an arrest warrant issued by the Third Court of Criminal, last Wednesday, in the streets and Paseo Juan de Velasco Huagra Uma, Judicial Police agents captured Sandra Milena FH, for allegedly being a member of a criminal organization dedicated to assault and burglary. The alleged offender registers an arrest on October 26, 2007, […]
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Upon the reelection of Venezuelan President Hugo Chávez, the government is clearing the way to inflation, thus far contained. With intent to upgrade people’s purchasing power, government authorities put the rise of regulated goods on hold until after the presidential election. Having attained the political objective, a period has started where staples will be unavoidably […]
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The IMF ratified last week that by December 17 Argentina must reply to Managing Director Christine Lagarde on the latest advances referred to the country’s statistics both on inflation and GDP growth. Gerry Rice, head of IMF Public Relations was in charge of making the announcement following on a question from an Argentine journalist who […]
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Standard & Poor’s said yesterday that unless Argentina and holdout bond investors reach a payment agreement on defaulted debt from 2002 its B-minus credit rating on the South American nation is at risk of a downgrade. On Nov. 29 the US 2nd Circuit Court of Appeals granted an emergency stay on a lower court’s order […]
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The Costa Rica real estate market was booming for years prior to the global financial crises and took a major hit as did the rest of the world. Currently the market is recovering, prices have stabilized, and future outlook is extremely positive. Joshua Kanter of Dominical Property, S.R.L. discusses the current Costa Rica real estate […]
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Bolivia’s La Paz state government Tuesday presented China’s ambassador to Bolivia Li Dong with 10 projects, hoping to secure investment and cooperation from China for industrial, production and food development. “The meeting with China’s ambassador is positive and we are certain these projects are going to be undertaken in the short- and medium-term,” La Paz […]
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Brazil’s gross domestic product increased by just 0.6% in the third quarter from the second, despite the stimulus and sharp interest rate cuts. Economists in a Reuters poll had expected Brazil’s GDP to increase by 1.5% while a Bloomberg survey put the rise at 1.2%. Agriculture and livestock farming grew the most, at 2.5%, while […]
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The Economic Commission for Latin America and the Caribbean (ECLAC) today released its annual report on the Social Panorama of the region 2012. This is a work that examines the policies and actions taken to end inequality among its inhabitants. This report highlights that seven countries still with a tendency to decrease poverty. Among them, […]
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Source Spanish: Clarin According to a study by the Brazil-China Business Council, 44 Chinese companies, both public and private, have invested USD 68.4 billion in Brazil between 2007 and 2012. USD 24.4 billion of the investments are for projects that are still under development. The investments include 60 projects related to natural resources, raw materials, […]
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The government is promoting the installation of a mega port to triple the capacity of freight movement that is already installed in the central region. The Ministry of Transport has already initiated studies to define the investment that is required and if the port (FSPs) will be built in Valparaiso or San Antonio. Read Article
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The unemployment rate in Brazil in October was 5.3 percent of the economically active population, down slightly from 5.4 percent in September, the government reported today. Compared with October 2011, when unemployment was 5.8 percent, the reduction was half a percentage point, according to the Brazilian Institute of Geography and Statistics (IBGE). The agency added […]
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Ports throughout the Americas and the Caribbean are rushing to be ready for the post-Panamax future. Currently, the Panama Canal can handle ships 965 feet long that need a depth of 39.5, a size known as Panamax. Once the expansion is complete in 2015, the canal will be able to accommodate ships 1,200 feet long […]
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The U.S.-Colombia Trade Promotion Agreement entered into force on May 15, 2012. It is a comprehensive free trade agreement (FTA) between the United States and Colombia, which will eventually eliminate tariffs and other barriers in bilateral trade in goods and services. On October 3, 2011, President Barack Obama submitted draft legislation (H.R. 3078/S. 1641) to […]
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With his trimmed white beard and rounded metal spectacles, Paul Singer might come across as a slightly miffed professor, his lips pursed and one eyebrow arched a touch higher than the other reported Independent.co.uk. But the balding billionaire behind the New York hedge fund group Elliott Management is in fact one of Wall Street’s reigning […]
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The Chilean economy continues to surprise and exceed expectations. The Central Bank reported a gross domestic product growth in the third quarter, mainly due to consumption and investment. It is a figure of 5.7% between July and September, which rose to 5.6 cumulative GDP progress so far this year. A result that is supported by […]
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Given the diversification of export markets of Mexico in recent years, foreign trade will continue to represent an important part of the economy, where not only the United States will be one of our major partners. The Head of the International Trade and Supply Chain HSBC, Mauricio Muñoz stressed that Asia tends to become a […]
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The Brazilian economy suffered a contraction in September from 0.52 percent from August, its biggest drop in eleven months compared with the previous month, as an indicator of economic activity released by the Central Bank. The so-called Economic Activity Index Central Bank (IBC-Br), considered a behavior after gross domestic product (GDP) stood at 142.59 points […]
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Chaotic and scattered on a plateau of the Andes, the Bolivian city of El Alto is known for altitude sickness, poverty and the overthrow of governments, an overwhelming reputation that frightens many businesses. But years of relative stability and economic growth are changing both attitudes and access to wealth in one of the poorest countries […]
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The Mexican city of Acapulco tourist is in bankruptcy, with a debt at the end of this year will amount to $ 162.1 million, exceeding its annual budget. “We need to invest in Acapulco federation to succeed, otherwise we will not get out,” told a news conference the mayor of the municipality, Luis Walton, adding […]
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That country is the leader among 18 countries according to the Institute for Competitiveness ADEN, institution of higher learning founded in Argentina. Colombia is ranked seven. DEN evaluates ten aspects to determine the index: meeting basic needs, institutional, infrastructure, macroeconomic stability, health, education, population expectations, market competition, efficiency in labor relations and access to technology, […]
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Dinero.com reported that Brazil’s economy accelerated in the third quarter compared with the previous one, according to central bank figures, but a weaker activity in September suggests that the road to a solid recovery is rocky. The economic activity rate of the central bank IBC-Br fell 0.52 percent in September from August, seasonally adjusted, in […]
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The Venezuelan government’s hostile attitude toward Washington led Venezuela to stop being part of the solution to America’s energy problem, and its crude exports decline, the analyst said today José Toro Hardy. “This antagonistic attitude of President Hugo Chavez to the United States we have lost confidence as insurance providers crude,” said economist Notimex exdirectivo […]
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Latin America and the Caribbean recorded a 50% increase in the number of people who joined the middle class in the last ten years. According to the World Bank report released Tuesday the Colombian middle class grew from 7.1 million in 2003 to 13.6 million in 2009. An increase also corresponds to the rise in […]
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Rollovers, collisions and falls into deep have been accidents that have suffered different buses and cars on roads in the country, only six days. These tragedies, totaling nine and was raised from 6 to 11 November, have left nine people dead and 98 injured. Despite reports last week, the Interior Ministry, in a statement, said […]
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In the Ecuadorian market average circulating 2’400 000 credit cards from different classes and types. According to the Association of Private Banks, to grant ‘plastic’ actual capacity is analyzed customer payment. But now for a no credit card required and can be obtained by submitting the identification card. Read Article
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By Federico Tessore. The snare the dollar is getting stronger. Government officials acknowledge, the President insists on denying and meanwhile Argentine savers are seeing their capital is destroyed, unless they do something. This was a hell week in Argentina, especially in Buenos Aires. Massive power outages, garbage in the streets, very hot, many demonstrations, strikes […]
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Importing cars cilindrajes between 1,500 and 3,000 cubic centimeters, the CKD (parts and pieces) of cars in the same category and phones were down from $ 110.36 million (43.91%) from June to September, compared to that period last year. All three belong to the list of most purchased goods abroad. Since January last year, the […]
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Eldinero.com reported that the surplus of the countries of Latin America and the Caribbean in merchandise trade with the United States declined by 35% from August to September was U.S. $ 2,520 million. The Latin American and Caribbean surplus in September accounted for 4.3% of the deficit in the trade of American goods in that […]
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The devaluation is expected by employers in early 2013 with the objective of reducing the fiscal deficit and alleviate pressures on the foreign exchange market, despite government denials and the negative impact on the already high inflation, according to dinero.com. Read Article
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This Thursday, November 8th, Ecuador and Belgium evaluated 24 interventions among programs, projects, studies and consultancies that run in the country as part of the Bilateral Cooperation Program. At this meeting, Ecuador also positioned the reorientation of cooperation that defined the country, according to which Ecuador requires international cooperation to enhance technical skills development, the […]
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Annual inflation slowed in Ecuador in October by a decline in the prices of food and non-alcoholic drinks, the government said Wednesday. The percentage represents a slowdown compared to last September when the increase was 1.12%. The percentage represents a slowdown compared to last September when the increase was 1.12%. In the 12 months to […]
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Until February this year, Tamban neighborhoods, Assumption and Sosanga were the most productive and employment generating Chimbo, Canton Bolívar. In these areas, 34 workshops were dedicated to crafting weapons. But last August 22 after the reform of the Law on Manufacture and Possession of Firearms, Ammunition and Explosives, the Executive issued resolution 1274 and permanently […]
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Inter-American Development Bank – Source
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The President of Ecuador, Rafael Correa announced on Sabatino Link 295, held in the city of Tena, the mechanisms used to finance the Human Development Bond (BDH), which will increase from $ 35 to $ 50. The president said that this was a decision was made.
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In twelve months Ecuadorian-Chilean trade gained importance to the point of becoming the second largest trading partner with favorable balance of payments for this country, reflects a report of the Central Bank of Ecuador. Between January and August, trade with Chile reflects growth of over 350%. In this period, for example, exports to Country Southern […]
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In 2011 Latin Business Chronicle rankings show that Singapore climbed three places to become the 7th largest exporter to Latin America with $16 billion in sales, and an outstanding 52 percent increase from 2010. Opportunities for Latin business, in an interview with Group Director for the Americas of IESingapore. Read Article
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Since the outbreak of salmonella in 2011 that rocked Mexican papaya industry, exporters were forced to reevaluate their standards to keep the industry afloat. As a response to the needs of industry, AC Proexport Papaya was created last September to join several levels of the production chain. The director of the association, Anebella Lopez Gaxiola, […]
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It’s a matter of days to get out the first shipment of pork to Japan, as has South Korea from the recent spring. This brings a huge business opportunity for pork producers and processing plants that meet the stringent quality requirements demanded by the Eastern country, said company director Gena Agricultural Peña Carlos Ramirez, who […]
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The high exposure of banks in the country’s state debt represents a potential risk in a scenario where federal resources are reduced mainly channeled those subnational governments, warned Mexico economist for Bank of America Merrill Lynch (BofA-MLynch), Carlos Capistrán. Read Article
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diario.latercera.com reported that representatives of a foundation challenged before the authorities of the Region V operating a collection point for these crustaceans. In Juan Fernandez fear for exports. The season starts in October. More than 60 people depart from the island Robinson Crusoe, on a ship towards Alejandro Selkirk Island, to begin the extraction of […]
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“Dollar clamp” in Argentina extended to all outgoing tourists The Argentine foreign exchange clamp has reached the outgoing tourism industry which to have access to Central bank US dollars for the trip, must now report each ticket or package sale plus the overseas services contracted according to the latest resolution. In practical terms this means […]
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In 2010, the region had a web access very poor and 20 times more expensive than in developed countries, but that situation has been alleviated since then, said Mario Castillo in Quito, Project Coordinator-ECLA @ lis, which promotes information technology. In March of that year, the average cost of a service of a megabyte per […]
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According to Eluniverso.com, between January and August this year, Ecuador registered a surplus of $ 4.6 million in the trade balance, however, this figure is 96.8% lower compared to the same period of 2011, when it stood at $ 146 , 9 million. Read Article
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The import restrictions and their effects reduce expectations of four sectors of the country for the last quarter of the year. This is the most important season in terms of sales in the commercial sector. The weekly Leaders presented in today’s edition of a report on the effects these measures will generate official importers and […]
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David Santos, a civil engineer, is finishing packing all his life in just two suitcases. Two years are going to live in Ecuador, hired by the government of that country to train teachers of universities and research lines opened there. It is the only undertaking this adventure, 150 Spanish brains leak out Ecuador looking for […]
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El Universo reported that…. Promoting linkages in strategic sectors such as energy, finance and agriculture, will be one of the main themes of the third summit ASPA celebrating on Monday and Tuesday in Lima Arab and South American countries. Heads of State and Government of both regions agreed at the first summit in 2005 in […]
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According to eluniverso.com, Ecuador and China signed seven agreements on cooperation, trade and security, reported Saturday the Ecuadorian Foreign Ministry. The agreements were signed yesterday in his meetings Trade Minister of the Republic of China, Chen Deming, with various government representatives. “During the meeting they expressed the willingness of China to establish a car factory […]
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Unemployment in Chile would remain at 6.5% in the June-August quarter moving near historic lows, because a decrease in the generation of jobs was offset by fewer people occupation sought. The median response of 10 analysts and economists polled by Reuters compares with 6.5% of the moving quarter ending in July. The survey also average […]
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The Ministry of Transport and Public Works of Ecuador announced today the approval of an ambitious program to build modern highways in two thousand 357 kilometers of track, with an investment of 153 million seven thousand dollars. The new highways include several provinces, with the goal of reducing transportation time and ensure the safety of […]
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Eluniverso.com reported……. However, the increase in the number of servers does not match the cost that the state has had to take on staff costs since 2007. According to the Fiscal Policy Observatory (MRO), technical agency citizen, during the first five years of the Correa administration salary payments increased by 96.7%, almost double……”To be a […]
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Eluniverso.com reported that Fenapan president, Pedro Miranda, explained that the aspiration of the guild is that the price of bread popular that is now $ 0.12, is located between $ 0.17 and $ 0.18. Miranda also explained that although the rising price of inputs like flour, $ 10 in the last month (from $ 32 […]
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Vistazo.com reported that Ecuador is trying to attract more investors in China to boost its development, especially in infrastructure and mining, which already gives greater Chinese presence in the country, explained to Efe today Coordinating Minister for Production, Jobs and Competitiveness, Santiago Leon. Read Article
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Brazilian inflation as measured by the Consumer Price Index (IPCA), ending 2012 at 5.24 percent, according to market experts forecast released today by the Financial Focus newsletter. The weekly publication of the Central Bank states that this percentage is higher than 5.20 percent of the HICP for this year, last Monday predicted by economists over […]
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TRAVEL ALERT ARGENTINA Mercopress.com reported limits dollar trading for arriving tourists in ports and airports in Argentina The Argentine government is further tightening the US dollar clamp. On Thursday the Central bank announced that state-run banks and agencies will be the only ones officially allowed to operate foreign currency exchange offices in airports and ports. […]
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Eluniversal.com reported that the Central Bank of Venezuela (BCV) has announced that accumulated inflation from January through August slowed down and stood at 9.8%. BCV’s Chairman Nelson Merentes and Finance Minister Jorge Giordani said this was a highly positive result. Last year, accumulated inflation accounted for 18.6% during the same period. “By the end of […]
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Elcomercio.com reported that decreased job, falling sales and higher prices are some of the effects that have tended to import restrictions, established about three months ago. On June 15 became effective resolutions 66 and 67 of the Committee of Foreign Trade (Comex), establishing quotas, in volume and dollars, for the purchase of vehicles and cell […]
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Nacion.cl reported that 21% of Chilean workers who are willing to reduce the salary instead of losing their jobs, which outperforms countries such as India (76%), Spain (62%), and Italy (58%), reported quarterly ranking prepared by the international consultant HR, Randstad. According to the study, these figures relate “to the financial problems that the person […]
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Latin America may jeopardize prosperity of recent years if you take into account a possible deterioration in the Chinese economy, which may affect its massive exports of raw materials to China, an expert said today in a parliamentary forum that discusses the topic in Panama. The economist and former presidential candidate Rican Otton Solis, who […]
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The units sold in supermarkets in July rose 14.5 percent on-year, while prices rose 10.1 percent in the same period, according to Monday’s National Institute of Statistics and Census (INDEC). On June, sales rose 2.4 percent and prices rose 0.86 percent, accumulating in seven months a 6.2 percent advance. Data refer to the supermarket survey […]
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Real Estate Ecuador Elcomercio.com reported that in 2010, the Municipality of Quito began the process of updating the register of the land of 423,000 hectares in the district. The update cadastral register is a database of planes 710 000 urban land and about 60 000 rural. There also has information that relates to the spatial […]
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Lahora.com.ec reported that Ecuador achieved a surplus of 389.6 million dollars in its trade balance during the first half of 2012 against 217.2 million in the same period of 2011, said Sunday the Central Bank (ECB). He said that from January to June, the country exported products by 12,158.9 million (including crude 7369.5 million) and […]
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Residents of Tumaco (Colombia), moved to the center of the country and San Lorenzo, on the border with Ecuador, to buy power plants to overcome the shortage of supporting this service for two weeks. Read Article
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The gap is widening between the rich and poor in much of Latin America which is the world’s most economically unequal and its most urbanized region, the UN said Tuesday. The richest 20% of the population now earn on average nearly 20 times more than the 20% poorest, a study by the UN Human Settlements […]
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early in May, seeking to curb the impact of falling prices on the country’s international reserves, the board of directors of the Central Bank of Venezuela (BCV) decided to change the method that had been used to appraise the value of Venezuelan gold bullion. So, rather than appraising Venezuelan gold (11.76 million ounce) based on […]
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One of the world’s leading banks, the Industrial and Commercial Bank of China (ICBC) has been authorised to operate in Brazil, indicates a Brazilian government decision published on Thursday in the official gazette. Read Article
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The economic life of Latin America does not depend on Spain. Its exports to this country continue to grow but at a slower pace. Spanish investment is coming in search of better returns. But remittances of immigrants crossing the Atlantic and less crisis worsens Spain euro, so that Latin Americans begin to look more closely […]
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Higher tariffs, import quotas, increasing the output tax exchange and the effects of winter have caused the Ecuadorian consumers pay more when purchasing agricultural products and certain consumer goods during the first seven months of the year. Vegetables, fruit, meat, liquor, phones and cars are among the products that have seen increases ranging between 2% […]
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Latin America’s No. 3 economy is quickly losing steam after growing at China-like rates for most of the last nine years, but high price rises are entrenched and annual inflation expectations hold at 30 percent, private data shows. Read Article
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For most of its modern history, Brazil has been a nation of the starkest economic divides: Super rich, super poor. Businesses that sold anything but the most basic items trained their sights on the upper strata. Now, Brazil is a major player in a global economic shift that is seeing formerly “developing” nations morph into […]
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Chile, along with Mexico, countries with greater inequality between rich and poor in the continent with the greatest social divide in the world but also from the OECD Instead, his president, Sebastian Pinera, has just welcomed a reported reduction of this parameter based on 1987. That explains why the government of Sebastián Piñera held revenue […]
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Eluniverso.com reported forty luxury vehicles that entered the country exempt from tax under the Plan have been apprehended in return so far this year by the National Customs Service of Ecuador (Senae). The cars were captured when detecting that were held by a person who does not belong to the migrant family who benefited from […]
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Ecuador’s President Rafael Correa on Tuesday defended trade relations with the Islamic Republic of Iran to the opposition criticism that South American country. The Ecuadorian president said that selling bananas should not shock anyone, as this type of trade does not violate the resolutions of the United Nations Organization (UNO). Correa’s remarks to reporters considered […]
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Representatives of the production sectors, exporters and airlines sent letters to the Mayor of the Metropolitan District of Quito, which request was postponed startup of operations at the airport Tababela, scheduled for October 12. The main reason is that from October until the first months of next year there is a noticeable increase in passenger […]
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Inflation rose 0.26% in July, up from 0.18% in the same month of 2011. With this, annual inflation stood at 5.09%, compared to 4.44% a year. While the accumulated was 2.67%, according to the National Institute of Statistics and Censuses (INEC). The growth rate is mainly due to rising Alcohol, Snuff and drugs, followed by […]
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The Argentines who want to make tourism abroad will now have more restrictions because the government only allowed to buy the currency of the country of destination with a new measure that prohibits the acquisition virtually free dollars. The government of Cristina Fernandez de Kirchner began to restrict the acquisition of U.S. dollars last October […]
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Elcomercio.com reported…..His name has been linked to the controversy since the financial crisis experienced in 1999. The once prestigious Ecuadorian Development Finance Company (COFIEC), which was the first private finance company in the country, has lived billow to billow from the May 23, 2002 the trial began coercive by the former Guarantee Agency (AGD) against […]
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On the impossibility of buying foreign currency, the country no longer attractive to expatriates. Businesses, business schools and producers are facing serious problems to settle wages and fees. How do they jump the barriers and study what alternatives? With the deepening of the stocks exchange, the government is seeking care for the few dollars in […]
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Elcomercio.com reported the Banking Board and the Central Bank determined that financial institutions allocate greater resources to fund liquidity ‘mattresses’. With this, the regulatory bodies expect to increase foreign currency for about USD 2 000 million, to prevent ‘shocks’ in possible cases of bank runs and banking crises. Read Article NOTE: banco colchón is an […]
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Your profession requires every two months to buy makeup and perfume. She joins the professional judgment of others interviewed yesterday, the prices of items of beauty brands have increased about $ 5. Xavier Zamora, SA Producosmetic manager, explains that the more expensive is because the spray containers and pay more fees since June. According to […]
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About 16 million boxes of bananas Ecuador stopped exporting for the first six months of this year compared with same period of 2011. According to the Ecuadorian Association of Banana Exporters (AEBE), this represents $ 120 million less in revenue for the country. Read Article
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It was published in the Official Gazette No. 39,970 circulating today, the Special Law of Indebtedness Supplemental Fiscal 2012. It was published in the Official Gazette No. 39,970 circulating today, the Special Law of Indebtedness Supplemental Fiscal 2012. Through this Act, authorizing the Executive, through the Ministry of the People with expertise in planning and […]
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The Belo Monte Dam project along the Xingu River had its preliminary plans drawn under Brazil’s military dictatorship and was a highly controversial environmental project from the onset. However, construction of the dam has continued despite its serious backlash, mainly due to the influence of Brazil’s developing economy. But the indigenous population along the Xingu […]
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PRI Deputy Jesus Ramirez Stabros municipalist considered that the issue should be analyzed centrally, because municipalities are at risk of financial collapse did not materialize the reforms that are required, as the prosecutor, who join themselves to greater financial resources. He noted that a number of economic problems in the municipalities, because in some cases […]
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Argentine citizens have enormous difficulties to buy dollars due to exchange restriction measures being implemented by the government of Cristina Fernandez de Kirchner. Gateway to Todo Noticias (TN) reported Tuesday that the dollar informal or “blue” closed at 6.60 Argentine pesos, reaching a historical peak. The official dollar traded at 4.58 Argentine pesos for sale. […]
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The president of the National Federation of Chambers of Commerce of Ecuador, Blasco Penaherrera, accused the government of President Rafael Correa to establish a mechanism for laundering money from Iran, which is subject to international sanctions. Penaherrera, who described Ahmadinejad as a “tyrant” and “obnoxious person”, said Correa “insists on maintaining relations with whom we […]
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More automotive brands continue to update their price lists in the wake of the import quotas imposed by the Government and the new tariffs fixed to the CKD (parts and components) for the national assembly. A firm that in recent days changed their prices is General Motors (GM), which assembles several models in Ecuador and […]
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The Internal Revenue Service (IRS) announced that tax revenues between January and June this year, bordering the $ 5.751 million. This represents a growth of 17.5% compared to revenues collected in 2011 in the same period. According to the Southern regional director of SRI, Juan Miguel Aviles being collected by the tax amounts to nearly […]
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Through an official statement issued by the Mexican Institute of Industrial Property or IMPI has been reported that a few hours ago, the Mexican government signed the Anti-Counterfeiting Trade Agreement (ACTA), which is not just a U.S. initiative and more countries that aims to protect and regulate intellectual property. Then the statement on the signing […]
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Looking to become more popular among Internet users and increase local content. Yahoo! already has a physical presence in Colombia. It is the fourth office opened in the region after that of Mexico, Brazil and Argentina. El tiempo spoke about this new phase with Armando Rodriguez, executive director of the company for Latin America. What […]
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Ecuador is in the group of countries with less foreign direct investment (FDI) in the world, even though it has elements that make it ‘attractive’ to receive capital, according to the World Investment Report 2012 by the United Nations Conference on Trade and Development (Unctad, in English). The paper, published last Thursday, stated that in […]
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According to Diario Yucatan, the unilateral decision of Argentina to end the Agreement of Economic Complementation (ACE) 55 will have a negative impact on the Mexican automotive industry of $750 million. Eduardo Solís Sánchez, president of the Mexican Association of the Automotive Industry (AIMA), emphasized the possibility of retaliatory economic measures from the Mexican government. […]
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According to La Prensa, the remittances sent by more than 10 million Mexican workers in the United States will cease to be an important source of income for the Mexican Economy. That is what Jaime Ros, a consultant from the Economic Commission for Latin America and the Caribbean (CEPAL), said in his comparative study of […]
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At least 38 Chinese companies have taken the baton of strategic projects and construction sectors in Ecuador. The fifteen major contracts handled by $ 6,270 million, according to the Ecuadorian Chamber China. These seven have been designated to build hydroelectric projects. So over Sinohydro for Coca Codo Sinclair, International Water and Electrical Corporation (CWE) is […]
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Following the government’s denial of an alleged “pesification” of contracts and debts in the draft code reform, the head of the bloc of deputies, Agustín Rossi, clarified that Argentines “will be able to continue depositing and drawing up contracts in dollars.” Speaking to radio La Red, the national legislator stated that “the Argentine peso is […]
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The conclusion of the 38th Congress of Tourism and Travel agencies, AAAVYT found that tourism to Argentina is rapidly declining. The country is becoming increasingly expensive with inflation adding to the international financial crisis. According to the latest statistics, presented at the congress, the number of foreign tourists arriving in the city of Buenos Aires […]
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More Colombian drug traffickers are turning to Argentina as a sanctuary, La Nación reports. These criminals have been increasingly participating in real estate business and money laundering in Argentina, as well as using the country as a shelter for family members. Diego Murillo Bejarano, alias “Don Berna,” a former Colombian paramilitary-turned-drug trafficker arrested in the […]
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