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Chile in pursuit of energy independence

In the face of a looming national energy crisis, Chile’s President Sebastián Piñera is pushing to diversify his country’s energy matrix, though technical limitations and ongoing environmental protests look to derail his administration’s plans. The government released a National Energy Strategy report February 28 outlining how Chile would meet its growing power needs over the next 18 years. Read Article

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Peru’s borrowing costs rise, impacted by Europe’s debt crisis

Peru’s benchmark borrowing costs in dollars rose to a two-month high as concern that Europe’s debt crisis will worsen should Greece leave the euro curbed demand for higher-yielding, emerging-market assets. Read Article

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Sales of real estate plummet in Cañuelas Argentina, limited access to dollars

Properties in the city of Cañuelas i mportant shows a stagnation in recent weeks as a result of the difficulties that the population has access to the dollar and the growing gap between the official rate and the parallel. This was confirmed to The Citizen four of the largest real estate operators in the city. […]

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Venezuela: Food production facing crisis

The industrial food production is not at its best by the many constraints that delay the processing and transformation of finished products. Failures in the supply of inputs and packaging materials and packaging shortages are plunging the industry into crisis. Industry sources reported that some companies have had to stop production lines because they can […]

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Unemployment most impact on youth in Latin America

The large conference of corporate responsibility Companies are recognizing that what is good for business can also be for economic inclusion. Today they have social and environmental objectives. The Inter-American Development Bank (IDB) promotes discussion in Quito materials of corporate responsibility at a major conference to be held from 21 to 23 May. Read Article

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11,000 Ecuadorians reported as having returned from Europe since 2010, due to lost jobs

According to the National Secretariat for Migrants (Senami) , since 2010 some eleven thousand Ecuadorians who lost their jobs in Europe have returned to the country due to the current crisis in several nations of that continent. According to the Senami, is working on programs to help those who decide to return, but did not […]

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Argentina tightens restrictions on purchases of dollars

Restrictions on buying dollars rose against Argentine consumers. Almost all operations were rejected by the Federal Administration of Public Revenues (AFIP, the Ecuadorian equivalent of the IRS), which controls the exchange market. In recent days, buyers of dollars saw their names were enabled to buy dollars, with a limit based on income, but at the […]

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31 percent residents of Medellin Colombia live in poverty

They are coming out the latest data on poverty in Dane Medellin and Antioquia. A disturbing picture. Bleak. The program notes that Medellin How Come 2 million 368 thousand inhabitants in the city, 213 000 people (which can be filled five times the Atanasio Girardot stadium), or 9 percent, live in extreme poverty . Other […]

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A New Spanish migration to Latin America? (Opinion)

Should the Latin American countries prepare for a new Spanish migration? According to many indications, including a recent article in the “Financial Times”, the answer is yes. The motivation is simple, regardless of their problems Latin America including Mexico to spite the Brazilian-looks today as land of opportunity for an important sector of the Spanish […]

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Mexican economy to grow 4% 2012

The Mexican economy will grow about 4.0 percent this year, thanks to economic policy across the country makes efficiently external shocks, said the Deputy Governor of the Bank of Mexico (Banxico), Manuel Ramos France. Read Article

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Teen pregnancy hindering development in Latin America

The high incidence of teenage pregnancies in Latin America, second only to Africa, not only persists but is increasing, which is an obstacle to development in the region. Between 25 and 108 of every 1,000 girls 15 to 19 are mothers in the countries of Latin America and the Caribbean, according to the Economic Commission […]

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Peru, Japan to continue strengthening relationship

Peru and Japan agreed during a meeting between Peru’s President Ollanta Humala and Japan’s Prime Minister Yoshihiko Noda to enhance political dialogue, improve economic relationships for investments and strengthen cooperation. Peru Peru’s President Ollanta Humala. Photo: ANDINA/Prensa Presidencia Both authorities also agreed to reinforce coordinations in multilateral forums and showed to be satisfied with the […]

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1 billion in capital ouflowed last week Brazil

Brazil had an outflow of $1 billion last week as financial capital flows outweighed the trade surplus, the central bank said Wednesday. The country had an inflow of $6.59 billion in April, including an inflow of $786 million on Monday, April 30, and a total outflow of $1.79 billion on May 2, 3 and 4. […]

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U.S. – Colombia Free Trade Agreement: Background and Issues

Summary The U.S.-Colombia Free Trade Agreement, or U.S. Colombia Trade Promotion Agreement, as it is officially called, 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. The agreement will enter into force on May 15, 2012. […]

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Boliva increases minimum wage

By Presidential Decree 1213 President Evo Morales, announced this morning at the Presidential Palace mínimonacional wage increase of 1,000 bolivianos, despite the disagreement of the Bolivian Workers Central (COB), who marched with their affiliated sectors across the country.The president also announced the salary increase of 8% for education and as a basis for negotiation for […]

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Argentina: cost of a basket basic goods increased 2.45% April 2012

The cost of the basic integrated with food and hygiene products of secondary brands surveyed by Consumer Action (ADELCO) registered in April an increase of 2.45% compared to March. In turn, the value of the basket of items from leading brands also increased but to a lesser extent, by 2.28% over the previous month and […]

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Ecuador: number considered in poverty decreases 9 percent in five years

Poverty in Ecuador has fallen by nine percentage points between December 2006 and December 2011, according to the latest quarterly survey of employment, unemployment and underemployment that made the INEC (National Institute of Statistics and Censuses). This means that in the past five years have risen out of poverty around 930,000 people, as of December […]

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Guatemala’s president moves into slum for the weekend

Guatemalan President Otto Perez Molina moved on Saturday to the poorest district of the western city of Huitan, following government-backed charity initiative, Univision TV channel reported. Molina, a retired military officer who acquired presidential post on January14, decided to spend weekend with an impoverished family in Huitan where a child suffers from chronic malnutrition. The […]

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Volume of imports down at Paraguay’s international airport

The volume of cargo imported and shipped through the airport customs Guarani decreased from Easter, when the anti-corruption prosecutor, Arnaldo Guizzio, retained more than 15 shipments suspected of undercutting, according to the data. Weekly entered through airport customs said between two and three freighters with 100 to 150 thousand kilos of products. This week entered […]

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10,000 protest high cost of living, fuel in Honduras

Some 10,000 Honduran workers protested Thursday in different cities against the high cost of living and the rapid increase of fuel prices, which has reached record highs. In the capital, Tegucigalpa, teachers and students left the University of Education and traveled 6 kilometers to the center of the city wielding banners and signs, chanting slogans […]

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Déleg Ecuador: Roadway being financed by Chinese

Contract is directly between the Ministry of Transportation and company invited, do not pass the process on the procurement portal. Delek. – The construction of 16 kilometers of asphalt road between Delek, Surampalti-Bayandel-Cholapamba-La Loma-Gulanqui, demands an investment of six million dollars to be financed by the Ministry of Transport and Public Works. Read Article

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Costa Rica: Gas prices may rise in May 2012

The Public Services Regulatory Authority (ARESEP) is reviewing a new fuel-rate hike at the request of Costa Rica’s National Oil Refinery. The hike would increase by ₡22 the per-liter cost of “super” gasoline and diesel, and by ₡29 for “plus” gasoline. If the increase is approved, it would take effect later this month, and drivers […]

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Costa Rica to begin digital platform for foreign trade

Government launches centralized digital platform for foreign trade Posted: Wednesday, April 18, 2012 – By Tico Times Automated system aims to reduce permit process time by 90 percent Export and import processing time will be significantly reduced in the coming months with the implementation of the new platform for Foreign Trade Single Window 2.0 (VUCE), […]

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Argentina: Pharmaceutical imports fell 50 percent in 2011

Drug Imports fell 50 percent last year as compared to those that occurred in 2010, says a report by consultancy Abeceb.com. Consumers have stated claims for shortages of different drugs. “Imports, which in 2010 grew to nearly 30 percent in 2011 slowed to grow by 14.4 percent to 1,790 million dollars,” says the report of […]

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Fitch Ratings scores Venezuela risky for investments

While speculation about the future of Hugo Chávez and Henrique Capriles momentum as the opposition candidate, eased investor concerns in recent weeks, the coming years will be difficult for the economy of Venezuela. Again in a statement Fitch Ratings described Venezuela as a risky country to invest, since it ensures that there are serious macroeconomic […]

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The Dominican Republic-Central America- United States Free Trade Agreement (CAFTADR): Developments in Trade and Investment

Summary On August 5, 2004, the United States entered into the Dominican Republic-Central America- United States Free Trade Agreement (CAFTA-DR). Congress passed the implementing bill on July 28, 2005 (P.L. 109-53) and CAFTA-DR entered into force with El Salvador, Honduras, Nicaragua, and Guatemala by July 1, 2006, the Dominican Republic on March 1, 2007, and […]

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Economic Council of the Bolivarian Alternative for the Americas (ALBA), meet Tuesday Quito Ecuador

The Economic Council of the Bolivarian Alternative for the Americas (ALBA), comprising the ministers of the countries of this organization, will meet Tuesday in Quito, said the Foreign Ministry of that country. The meeting, which will include representatives of Venezuela, Cuba, Bolivia, Nicaragua, Dominica, Ecuador, Saint Vincent and the Grenadines, and Antigua and Barbuda, was […]

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HSBC estimates Peru, Ecuador, Bolivia strong growth through 2050

HSBC Global Research estimated that the GDP of our country will be 735 billion dollars this year, plus a per capita income of 18 thousand 940 U.S. dollars. HSBC Global Research estimated that the GDP of Peru country will be 735 billion dollars this year, plus a per capita income of 18 thousand 940 U.S. […]

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Relations between the U.S. and Brazil are paralyzed by mistrust and ignorance-opinion

Gone are the superpowers. Gone is the time when an empire or a country with great power, imposed on other desires. Of course there are still nations with the strength and resources to compel or induce other nations to behave and not another. But this is increasingly rare or sustainable. Today not even the U.S., […]

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Venezuela: Chavez increases mimimum wage 32.5% to $476.00 month

Chavez 32.25% increases the minimum wage to $ 476.00. The president made the announcement one hour before leaving for Cuba. Venezuela’s President Hugo Chavez, announced today an increase of 32.25 percent of the minimum wage to $ 476 in local currency, applicable in two tranches, the first of 15% percent on May 1, and a […]

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Costa Rica, Guatemala fail to reach first ring of financial transparency under OECD guidelines

Costa Rica and Guatemala today joined the list of twelve nations, including Panama and Uruguay already, who have not passed the first filter of the Global Forum on Financial Transparency, under the Organization for Economic Cooperation and Development (OECD .) Costa Rica and Guatemala suspended the consideration to which they subjected their peers for not […]

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Study indicates Argentina in slowdown, recession looms

The chances that Argentina’s economy will enter a recession in the near term jumped above 85% in the closely followed monthly leading indicator published by Torcuato Di Tella University. The odds of a recession in its February report rose from 65% in January. UTDT, as the university is known, noted the odds of a recession […]

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Ecuador inflation continues upward March 2012

Consumer prices in Ecuador rose 0.90% in March driven by an increase in the value of food and clothing, the government said Thursday. The index in the third month of the year is higher than 0.78% to 0.34% in February and March 2011. The rate is the third highest reported for the month in the […]

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Panama: Imported inflation

Panama recorded an inflation of 6.4% to the month of February this year, considered a moderate within the range of measurement, but that the experts categorized as imported. The national director of Free Competition Authority Consumer Protection and Competition (acodec) Cardoze Oscar Garcia said during the monthly meeting of executives organized by the Chamber of […]

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Uruguay and Brazil’s presidents meeting to discuss trade expansion

Uruguayan president Jose Mujica arrives Thursday in neighbouring Brazil to discuss with his peer Dilma Rousseff trade expansion, productive and energy complementation and above all opening Mercosur to third countries in search of new markets. Read Article

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President of FIAT Argentina questions barriers to imports

Employers and former officials today questioned the government’s policy on international trade in relation to barriers to imports, as well as the lack of action to conquer international markets. The chairman of Fiat in Argentina, Cristiano Rattazzi, rejected the government’s import control to ensure that “no worries” if products come from outside “half price and […]

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Power Grid Esmeraldas Ecuador in danger of collapse due to landslides

At any time, the ground can give way and drag with the towers that connect the wiring that goes to the city of Esmeraldas. The chief executive of the National Electricity Esmeraldas, Raymont Castillo requested the emergency declaration electric power pop intervene. The application was referred to the general manager, Tito Torres. The two electrical […]

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Brazil extends tax cuts for appliances

Brazil announced extended tax cuts on appliances such as refrigerators and washing machines, and reduced levies on other goods, as it seeks to help manufacturers hurt by a slowdown in economic growth and a surge in imports. Read Article

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Union Industrial Argentina criticizes U.S. for decision to suspend Argentina of GSP preferences

The UIA criticized the U.S. decision to remove Argentina from the GSP The head of the Union Industrial Argentina (UIA), José Ignacio de Mendiguren, ruled on Monday against the decision of the U.S. government to suspend Argentina as a beneficiary of the Generalized System of Preferences (GSP). Read Article

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Ecuador increasingly dependent on oil and China

Growth in Ecuador may continue its upward trend in early-2012 as a series of supply shocks and geopolitical risks keep oil prices elevated, according to Capital Economics. With average Oriente crude prices rising by around 35 percent year-on-year in 2011, the economy seems to have grown by over 8 percent. Despite stagnant production growth, the […]

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Guatemala: Remittances from abroad up 11.4% first two months 2012

Sending remittances to Guatemala grew 11.4% in first two months The sending of family remittances from Guatemalans abroad during the first two months of this year exceeded by 11.4% to the amount entered at the same time last year, the central bank said. According to the records of the Bank of Guatemala (Banguat, center) on […]

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Colombian authorities rescue Ecuadorian minor girl from slave labor conditions

The child is a native of Iluman (Imbabura Province) and was taken to Colombia to work under compulsion and without receiving a salary, although before leaving he was offered $ 150 a month. During a routine operation, Colombian police casually entered a store to ask for identification papers and work permits. The Ecuadorian realizing the […]

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Latinamericacurrentevents.com offering new open source intelligence media monitoring program

Latinamericacurrentevents.com has now completed three years as an open source media monitoring solution for organizations with a 100% focus on Latin America. In the next several months the website plans to be available ONLY via annual subscription. If your firm has any involvement with Latin America you will clearly benefit from a group of professionals […]

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Ecuadorian migrants living in Spain using savings from Ecuador due to crisis

Since the beginning of the crisis in Spain is being a phenomenon of “reverse remittances” in which Ecuadorian immigrants living in this country take their savings or sell properties in Ecuador to survive, said Thursday in Madrid, a government representative Ecuador. “From the last three or four years has been noticing a change in remittance […]

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Argentinian travelers to face new currency restrictions when traveling outside of Argentina with debit cards

Argentine travelers who want to withdraw money from ATMs abroad using your debit card should have a local account in that currency. So I ordered the Central Bank in a circular distributed among funding agencies and foreign exchange last Friday, and shall take effect on 3 April. The initiative was signed by Jorge Rodriguez, in […]

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Ecuador: Chinese Government stands firm in defense of mining contract

The Chinese government said today that China is cooperating with Ecuador on the basis of mutual benefit and respect its laws, including environmental, in response to the protest that took place this week in Quito against the start of a major mining project in the Andean country with investment china. Read Article

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Venezuela signs 14 energy agreements with China

This Monday afternoon marked the beginning of the signing of agreements between the Bolivarian Republic of Venezuela and the Republic of China, carried out in PDVSA La Campina. The People’s Minister for Petroleum and Mining, Rafael Ramirez, executive vice president, Elias Jaua, the Minister of Popular Power for Commerce, Edmee Betancourt, among others, and the […]

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Venezuela: Chavez commits 150 million bolivars to help 13,000 thousand families

From the Theatre Catia, the head of the ministry of Interior and Justice added that the Head of State approved resources on 150 million bolivars to benefit more than 13 thousand families. The Minister of People’s Power for Interior Relations and Justice, Tarek El Aissami, said on Sunday that President Hugo Chavez instructed that all […]

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Vehicle belonging to Vice President of Ecuador assaulted, staff held hostage for two hours

A vehicle of the Vice Presidency carrying 1,000 soccer balls, a box of books, a plasma TV and materials for a presentation, was assaulted at 04:30 yesterday 30 minutes from Canton Chone, in the province of Manabi , the bank said in a statement. The report said the heavily armed assailants intercepted the truck with […]

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“Economist” magazine does not believe economic figures put out by the government

He announced that no official published data Indec because they seem “a deliberate attempt to defraud investors””Since 2007 the Argentine government published inflation figures that almost no one believes. Show that prices have increased between 5% and 11% in one year. Far from it, independent economists, provincial institutions and surveys of inflation have those figures […]

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Report: By 2015 Latin America to be most important market for Spanish companies

According to the Report V IE Business School “2012: An Overview of Spanish Investment in Latin America”, it is concluded that about 50% of companies surveyed believe that in 2015 the weight of their companies in the region will overtake the Spanish market. However, for this year’s optimism declines as the majority view is that […]

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Crisis in Spain causes Ecuadorian immigrants to tap their savings in Ecuador

The poor economic situation that currently lives in Spain, gradually complicates the permanence of Ecuadorians in that country. In fact, the Spanish prime minister, Mariano Rajoy, a few days ago predicted that unemployment will be even greater in 2012. “We are facing a critical situation, with an unemployment rate of 22.9% (5.3 million people out […]

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Guatemala, prices of services and goods lowest in three years, January 2012

The pockets of Guatemalans have benefited in January with a slight inflation. According to the Consumer Price Index (CPI) which measures the changes of 440 goods and services, reported that inflation stood at 0.09 percent last month, the lowest since January 2009. According to the National Statistics Institute (INE), the reduction in the price of […]

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Argentina analyzing new import controls from Brazil

Secretary of Foreign Trade of Argentina, Beatriz Paglieri, met Monday with his Brazilian colleague, Tatiana Prazeres, to analyze the impact of new controls on imports arranged by Buenos Aires in bilateral trade, official sources confirmed. As reported by the Argentine government on their official website, the meeting will be held in Argentina’s capital and there […]

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Colombia to purchase 20 million dollars a day for reserves over the next three months

Colombia’s central bank decided on Friday to increase the level of international reserves through daily purchases of at least 20 million through competitive auctions over the next three months. La decisión del emisor se produce en momentos en que el peso colombiano experimenta una fuerte apreciación que acumula un 7,95 por ciento en lo que […]

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Venezuela receives last shipment of gold reserves from European banks

On Monday up to the country the last shipment of Venezuelan gold reserves from foreign banks. Venezuelan gold repatriation began on November 25 a process that was greeted with euphoria by the Venezuelan people, who accompanied the caravan of trucks that brought the first cargo from Europe to the vaults of the Central Bank. Later […]

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Since 2006, 15 Bolivian companies nationalized

The government has already nationalized 15 companies between May 1, 2006 and January 2012, a report by the Millennium Foundation, but notes that many former owners have not yet reached an agreement. Read Article

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Latin America: Albistas hidden interests

The integration of Alba is not how it looks from the governments, as in trade, which is the heart of all integration is emerging. The relationship of this block with Iran is not smooth, rather it is merely discursive and propaganda. Physical distances, economic and cultural rights are difficult to overcome with a country that […]

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Mexico: Number of foreign visitors continues to increase

Eleconomista.com.mx stated the Ministry of Tourism (Tourism Ministry) reported that in the last five months of 2011 saw a steady increase in the number of visitors to Mexico by air, over the same period in previous years. He said according to statistics of the Integrated Migration Operations (SIOM), arrived in Mexico: August, more than 730,000 […]

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Galapagos Islands: Airfares increase, shortage of supplies due to decrease in number of cargo ships operating

El Universo.com reported as described Mariana Barrera desperate situation that exists in the Galapagos. She has a distributor in San Cristobal. She said that prices “are through the roof” for about two weeks. “There is no rice, no sugar, we have no gas. We are without basic necessities, “said Barrera, who explained that” ships and […]

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Ecuador: Credit cards begin new fees and classfications

A new set of rates applies in this quarter for the financial services and the renewal of membership and credit cards. The difference this year is that new segments are created to differentiate the costs of the cards. The resolution of the Banking Board approved in December and is applicable from January to March, also […]

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Brazil: three middle classes

Brazil is a country of the middle class. Six out of every ten Brazilians 16 or older already belong to this group, according to Datafolha. With 90 million people, a number larger than the population of Germany, the Brazilian middle class, however, is far from being homogeneous. The variety of indicators for income, education and […]

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Grain carriers on alert in Argentina due to drought

Grain carriers across the country are in alarm while the losses are accounted for so far caused the drought that hit agricultural and livestock regions in Argentina. While claim against the price of oil which impacts on their costs, truckers move agricultural goods anticipate another front in crisis by falling demand, if the drought persists. […]

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Ecuadorians leaving Spain in large numbers due to crisis

The migration of Ecuadorians to Spain has come to an end and now, in times of crisis, and more people are those who come, as evidenced by current population estimates prepared by the National Statistics Institute (INE) , cut to December 13, 2011. The data conclude that the net migration of Ecuadorians in Spain was […]

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World Bank’s estimates for GDP growth in Latin America for 2012

The World Bank’s twice-yearly Global Economic Prospects (GEP) in its mid-year report for 2011 stated that the economies of Latin America expanded ‘at a pace near or above potential’ and that growth for South America was particularly strong, credited to robust domestic demand, accommodative external financing conditions in cases of countries integrated with the global […]

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Government granted 1,314 visas to Peruvians residing in Ecuador

Elcomercio.com reported that Ecuador granted 1 314 visas to Peruvian workers in the framework of a regularization program implemented since last year, said Tuesday the Secretariat (Ministry) National Migration (Senami). He noted that since March 2011, the Ecuadorian authorities gave visa to that number of Peruvians living in the Andean provinces of Loja and Azuay, […]

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Ecuador bets future on large scale mining projects

Correa drove in five major projects with foreign billionaires Indigenous communities announced their strength and warn of serious conflicts. “We will move to a new era, that was mine.” “Ecuador could have the second largest copper mine in the world.” “We can not be beggars sitting on a sack of gold.” President Rafael Correa has […]

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According to ILO, Latin America has lowest employment rate in twenty years

Some Spanish college students across the Atlantic in search of employment in Latin America. Not many, but the number is growing, as recognized by Spanish diplomats. It happens that in Latin America, unemployment has fallen to 6.8% in 2011, said Thursday the International Labour Organization (ILO) in its annual employment outlook for the region. This […]

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Mexico: Gas Prices rise first time in 2012

From the first minute of Saturday 14 the price of gasoline will have its first increase in 2012. According to the Mexican Association of Gas Companies (Amega), the gasoline price per liter of Magna, which is most used by the vehicle fleet increased nine cents to sell at 9.82 pesos. Meanwhile, a gallon of diesel, […]

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50 percent of Puebla Mexico’s population live on less than 100 pesos a day

Miguel Angel Jimenez Corona, a researcher at the Department of Business at the Universidad Iberoamericana (Ibero) Puebla, revealed that more than 50 percent of the population in the state live on less than 100 pesos a day, also indicated that this sector is poblanos which has the highest debt ratio in the first months of […]

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New oil reserves discovered in Ecuador

The state-owned Petroecuador oil fields discovered in the Amazon by a volume of 18 million barrels, which partially offset the reduction in reserves and used, said today in a statement. The company said its total proved reserves in 2010 amounted to about 4.693 million barrels.Petroecuador is the second largest oil producer in Ecuador, after the […]

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Chamber of Commerce of Quito fears repercussions of President of Iran’s visitIran’s

The Chamber of Commerce of Quito (CCQ) said on Tuesday, fearing a visit to Ecuador on Thursday, Iranian President Mahmud Ahmadinejad threatening trade relations between his country and the United States or the European Union (EU). “Without a doubt, having a close, close ties with Iran, we could disrupt the main export market for Ecuador,” […]

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Puebla second most expensive city in Mexico

As of December last year, the city of Puebla was listed as the second most expensive nationally, recording an annual inflation of 4.94%, higher than the national average of 3.82% registered. Read Article

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Raul Castro’s struggles with reforms in Cuba

Cuban President Raul Castro, launched about a year ago and half a profound process of reforms to save the economic model imposed on the island for more than half a century. To that end, has implemented more than 200 reforms to “refresh the exhausted economic model,” explained the president. Read Article

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Colombia: Remittances up 5.1%

Colombia had received in November last year to 3.784 million dollars from Colombian workers remittances sent home in the country. This behavior of remittances is an increase of 5.1% compared to the levels of the same month of 2010, when they joined 3,600 million dollars, according to figures released by the Bank of the Republic. […]

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Brazil Plans to Replace France as Fifth Largest Economy

The Brazilian government has expressed confidence that in the next four years, Brazil will replace France as the world’s fifth largest economy as revealed by noticias.lainformacion.com. It has already replaced the United Kingdom as the sixth largest world economy, and President Rousseff and Minister of Finance Guido Mantega are confident that Brazil will surpass France […]

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Cuba and China Sign 16 Agreements for Economic Cooperation

Cuban Vice President of the Council of Ministries, Ricardo Cabrisas, met with the Chinese Head of Commerce, Chen Deming, to sign 16 agreements for economic cooperation from 2012-2016. According to prensa-latina.cu, these agreements cover cooperation in the areas such as agriculture, health, and biotechnology. Cabrisas sees China as a source of stability in a time […]

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Cuba looking for investments in tourism, oil, mining, energy

The Center for Promotion of Foreign Trade and Foreign Investment in Cuba (CEPEC) encourages foreign investment in tourism and other sectors as part of a process of change in the country. The areas open to foreign capital under Cuban law regulations are tourism, oil, mining and energy. According to the weekly options, citing the aforementioned […]

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Top twenty companies in Peru

The position of each of the firms that make the list is a reflection of the economy of Peru, said Diego Ocampo, associate director of the rating agency. Thus, the protagonists of the report focus on the mining, energy, telecommunications and retail consumer or retail. INTERMEDIATE ADVANCED SPANISH VOCABULARY – READ THIS BOOK The Top […]

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Iberia and its pilots meet to avoid strike on December 29

The Spanish Union of Airline Pilots (SEPLA) talks on Tuesday with Iberia managers to reach agreement and avoid a general strike on December 29. The representatives of the pilots request that the new subsidiary, Express Iberia, it is believed within the current company and not a new one. Read Article

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Study reveals that 83 percent of Ecuadorians in middle strata economically

The National Institute of Statistics and Censuses (INEC) in a study found that the majority of Ecuador’s population is middle stratum. Research conducted at 9 744 people in the cities of Quito, Guayaquil, Cuenca, Machala and Ambato found that 83% of Ecuadorians are in the middle tier. While in the upper stratum is 1.9%, and […]

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Women make inroads into Oil Industry, Ecuador

Yasuno í National Park (Ecuador). A group of women has begun to make their mark in the Ecuadorian oil industry, even in the platforms of the Amazon, after overcoming the looks of disbelief from the hundreds of men around them and in some cases discrimination. Until recently the wells, with their huge machines, its isolation, […]

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Brazil now sixth largest economy, beats out UK

Economists said it was going to happen and now it has: Brazil has passed the UK as the world’s sixth-largest economy. The Center for Economics and Business Research said European countries have fallen back in its latest World Economic League Table, while Asian countries are gaining, reported the BBC. A report from the International Monetary […]

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Argentina export reserves falling

The run that detract from the banks in a month and a half 19.4% of private deposits in foreign currency held under management is about to be overcome. What had become a stampede in the second week of November, when amid all kinds of rumors left banks at U.S. $ 210 million / day, was […]

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Argentina, Brazil begin defining which products to be impacted by higher import tariffs

Argentina and Brazil began Wednesday to define products that will raise import tariffs, in an attempt to protect its industry from the global financial crisis. The customs union Mercosur, comprising Argentina, Brazil, Paraguay and Uruguay on Tuesday authorized each of its members to raise tariff rates of 100 positions to avoid a flood of goods […]

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Mango volumes expected to be lower, Peru

Mango volumes could dip this winter due to delays and lighter volumes from Peru, which typically takes over the deal from Ecuador in January.Ecuadorian volumes should wind up being similar to last year for Pompano Beach, Fla.-based Central American Produce Inc., said Sabine Henry, tropicals manager. Henry reported excellent quality the week of Dec. 19, […]

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Venezuela wants to export same products as Ecuador to Russia

The star products of Ecuador’s exports to Russia in 2012 may have an unexpected competitor Venezuela. The country Ranger “wants Russia to start exporting bananas, flowers, cacao, coffee and chocolate in 2012,” said Monday Venezuelan Vice President Elias Jaua Milano, interviewed by Russia Today television channel.Of these products, at least bananas and flowers are major […]

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Six Percent of Brazilians live in favelas

The oldest favelas emerged in the late nineteenth century in Rio de Janeiro, then capital of Brazil, and then spread throughout the country. Residents are often unhealthy conditions and a shortage of basic services, according to the Brazilian Government. 6% of Brazilians, 11.4 million people live in slums or informal settlements that are often unsanitary […]

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Government of Peru increases budget 100 percent for development in Apurimac

Elijah Segovia, regional president, said the money will be used to encourage the development of the region and improve the living standards of its population. The Government decided to increase by over 100 percent the budget for the Apurimac region, in order to promote their development and improve living standards of its population, according to […]

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Uruguay: Latin American Leaders Sign FTA with Palestine and Discuss Economics

Leaders of the countries of Mercosur (including Brazil’s Dilma Rousseff and Venezuela’s Hugo Chávez) are soon to meet to discuss tariffs, the commissioning of the Banco del Sur, and will also sign a free trade agreement with Palestine per infobae.com. Another main topic will be the effects of the international financial crisis on Mercosur’s member […]

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Colombia to transfer funds to aid refugees in Ecuador

For the first time in history, the government of Colombia made ​​a contribution of USD 500 000 through the High Commissioner for Refugees (UNHCR). The disbursement will be implemented next year and will be for social inclusion projects for Colombian refugees in Ecuador. According to statistics from the Ministry of Refugee Affairs, the percentage of […]

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Turkey production up 46 percent in five years, Ecuador

he turkey production in Ecuador has been an increase of 47% over the past five years. The director of the National Poultry Council (CONAVA), José Orellana, said that in 2006 turkey production was 5 081 metric tonnes (mt) and in 2010 reached 7 506 tonnes, ie a growth of 47% in this period. Statistics show […]

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Despite regulations, taxi prices increase in Quito during December

The move by taxi requires additional capital for Quito, due to traffic, shopping and the demand for more expensive the service time, although there is a regulation on prices. Read Article

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Chile’s middle class being strangled by fuel tax

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Ecuador, train route from Ibarra to Salinas begins operations

The sound of the bell at the train station in Ibarra attract the gaze of hundreds of people who are gathering in the Obelisk. In this place at 16:00 today, will inaugurate the rehabilitation of the section Ibarra-Salinas with 30 kilometers, after two years of stagnation. History The train reached the station in Salinas in […]

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Mexico: Tourist confederation asks government to take steps to avoid suspension of flights to China

The National Tourist Confederation ( CNT ) in Mexico today asked the government to take steps to avoid the suspension of flights by Aeromexico to China, which can affect not only the airline but the entire tourism sector, by employers. The president of the CNT, Miguel Torruco, called on the authorities’ immediate solution to this […]

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Municipalities of Bolivia, Chile, and Peru border regions plan strategic alliance for development

With a vision of identity development with representatives of 57 municipalities in Bolivia, Chile and Peru pose a strategic alliance to strengthen border integration as a trinational mechanism to improve the levels of economic, social, cultural and environmental rights of people living Aymara territories. The information corresponds to Miguel Flores Recovery Project Coordinator, Development and […]

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Venezuela annual inflation rate 25 percent

– With this result, the cumulative change of the CPI to the penultimate month of the year 2011 stood at 25.4%, which slightly exceeds that observed in the same period in 2010 (24.9%) . For its part, the annualized change in the reference month was 27.6%, slightly above the 27.0% was obtained in November last […]

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Despite global crisis the Panama Canal doing well

The Panama Canal has been performing well this year despite the global economic crisis affecting major users of the waterway as the United States, European Union and Japan. This is mainly due to the diversity of routes that are handled, the vice president of finance at the Panama Canal Authority (ACP), Francisco Miguez, in a […]

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Ecuador claims it has met first goal of raising money to keep oil in ground

An innovative Ecuadorean plan to leave more than 900 million barrels of crude oil untapped and beneath a pristine nature reserve, in exchange for international donations, has survived its first deadline, Ivonne Baki, the project coordinator told The Miami Herald. The Yasuní-ITT initiative has met the initial goal of raising $100 million before year’s end, […]

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