THEATLANTIC.COM REPORTED …On a recent afternoon, Daniel Soto, a 36-year-old chef and entrepreneur, scrutinized the pedestrians passing in front of his brilliant orange food truck a few blocks away from the white, ultramodern, glass-paneled Reforma 222 mixed-use shopping center, at the border between Mexico City’s downtown financial district and the city’s trendy Roma Norte neighborhood. As Mexico evolves its two disparate halves, its globally connected, educated elite and its marginalized, informal workforce continue to exist side by side in the country’s capital. Soto looked up the sidewalk at a man in a suit walking past an abandoned, graffiti-covered 18th century mansion. Even as Mexico’s economy continues to transform, many entrepreneurs still prefer to work in the informal sector. Soto, watching a customer settle down onto a plastic stool in front of his truck, explained that the upside of informality is “you charge for the food, not the space.” Read Article
The wonderful economics nerds at Marginal Revolution just dug up a doozy: Venezuelan flights are sold out for the next six months, but are leaving half empty. Why? They’re part of a currency-trading scam that speaks volumes, and goes like this: OSINT SERVICES CUSTOMIZED FOR YOUR SPECIFIC NEEDS – 24 HOUR COVERAGE IN LATIN AMERICA […]
During a visit to New York for the United Nations General Assembly, Ecuador’s foreign minister Ricardo Patino joined independent media outlet Democracy now! on September 23 to discuss his government’s involvement in two closely watched environmental legal battles. An Ecuadorean court has ordered US oil giant Chevron to pay US$19 billion to indigenous and rural […]
globalpost.com reported that Venezuela’s government has temporarily taken over a toilet paper factory in order to avoid a nationwide shortage. The National Guard has taken control of the Manufacturas de Papel plant, and authorities will now oversee and monitor its production. The move comes as the nation struggles with a shortage of paper goods. The […]
TRADINGECONOMICS.COM REPORTED THAT The Personal Income Tax Rate in Ecuador was 35 percent for 2013. Ecuador Personal Income Tax Rate averaged 31 percent from 2004 until 2013, reaching an all time high of 35 percent in January of 2013 and a record low of 25 percent in January of 2004. In Ecuador, the Personal Income […]
Eluniverso.com reported that according to the AEVD, 52% of direct sellers are married, 18% single, 17% cohabiting, 9% and 4% widowed divorced. The 79% of consultants solves household expenses. A consultant sells an average of $ 250 a month. Clothing, jewelry, natural products, housewares, appliances and cooking utensils are available through a catalog, without having […]
The Ministry of Agriculture announced this morning September 16, 2013 the increase in the support price of a liter of milk (ratio of profits to the producers and the retail price). Thus, the retail price of a liter in case (UHT) is passed from USD 0.75 to .80 to the final consumer. Margoth Hernandez, Undersecretary […]
lahora.com.ec reported…”More than 1000 people lost their jobs due to the closure of 62 stations across the country,” says Leonardo Alvarado, president of the Federation of Guayas Gas. This measure is the result of the decision of the Agency for Regulation and Control of Hydrocarbon close 62 gas stations, because after technical reviews, such stations […]
Chinadaily.com.cn reported “Even though Chinese investment in Latin America has focused on the oil, mining and agricultural sectors for more than a decade, infrastructure projects such as roads, power plants, high-speed railways, ports and manufacturing facilities are being viewed as hot targets for investment,” said Wang. China’s outbound investment in Latin America so far has […]
President of Ecuador, Rafael Correa, said today that his government has invested $ 434 million in the construction of roads and provides another 128 million in the sector until 2014. That means they are more than three thousand dollars per person in the Amazon, Correa said in his usual radiotelevisado sabatino program where management accountable […]
Tradingeconomics.com reported that unemployment Rate in Ecuador increased to 4.89 percent in the second quarter of 2013 from 4.64 percent in the first quarter of 2013. Ecuador’s unemployment rate averaged 9.20 Percent from 2003 until 2013, reaching an all time high of 12.05 Percent in April of 2004 and a record low of 4.63 Percent […]
agenciabrasil.ebc.com.br reported on September 3, 2013 that Brazil’s ranking of international competitiveness dropped eight spots according to the Global Competitiveness Report produced by the World Economic Forum. Brazil dropped from 48 to 56. Among the areas of concern in which Brazil dropped in its ratings include the necessity to improve institutions, the efficiency of the […]
bnamericas.com reported that Ecuador’s government has increased the amount it will invest in infrastructure upgrades at Manabí region’s Manta port by US$10mn, bringing the total to US$80mn. The additional US$10mn will be used to repair the port’s two international terminals as well as the dock for the industrial fishing fleet, according to a release from […]
operating four decades have not resulted in actual poverty reduction and job quality. In the country, the report of June this year the INEC, 23.69% of the population lives in poverty, 8.51% in extreme poverty and more than half of the economically active population (56.39%) is underemployment. Compared to June 2012, poverty fell by 1.65% […]
Ecuador’s National Mining Company (ENAMI EP) and Chile’s state-own Codelco, the world’s largest copper producer, are fine-tuning details of a joint venture to explore the Llurimagua reserves in the North of Ecuador, a country with no mining industry to speak of. The deal, reports Reuters, will see Enami holding a 51% stake in the project […]
Bloomberg.com reported that Ecuador borrowed $1.2 billion from China, its second loan from the country this year to help fund its 2013 budget, according to a Finance Ministry official. China transferred the money to the Andean country on Aug. 12 as part of a “commercial operation” with Ecuador’s state-owned oil company, PetroEcuador, the official, who […]
individual.com reported that-Commodities trading house Armajaro Trading Group Ltd. said Monday that it has stopped buying cocoa from farms in Ecuador and is reviewing the rest of its operations there. Armajaro opened its office in Ecuador in 2009 to cocoa from growers’ groups and to export the beans to the U.S., Europe and Japan, according […]
dowjones.com reported that Ecuador’s government is planning public-sector investments worth about $47 billion from 2013 through 2017, the country’s Planning Secretary Pabel Munoz said Monday. Mr. Munoz said at a press conference the resources for the forecasted investment will come from taxes, oil revenues and external financing, but didn’t give further details. Thirty-five percent of […]
Standard & Poor’s Ratings Services lifted its outlook on Ecuador, saying the South American country could reduce its dependence on oil revenue in part by accessing international capital markets. S&P affirmed Ecuador’s sovereign credit rating at B, five notches into junk territory. The outlook was revised to positive from stable. The ratings firm believes that […]
UPI.COM reported… A delegation of 300 representatives of Chinese companies in the textile, chemical and food business conferences conducted in this country. Asians will meet with their counterparts from Argentina, Colombia, Costa Rica, Peru and Ecuador itself, in a round of appointments in which they expect to do business in the short and medium term. […]
Quito, August 5 (Andes).- In the first quarter of 2013, Ecuador’s income reported as remittances from migrant workers around the world continues to decline, reported Ecuador’s Central Bank. This trend is supported by the decline in remittances sent from Spain since 2011. In the period analyze, Ecuador received USD $547.26 million from Ecuadorian migrants all […]
The government initiated pre-feasibility studies for charging an electric train originating from points of production and export from ports of the country. This was reported by the Ecuadorian Institute Preinvestment, which detailed studies were made with a budget of $ 1.4 million. The study will analyze additionally, the possibility of developing passenger rail lines between […]
100 Points to Consider Before Moving or Retiring in Ecuador Ecuador Interest Rate tradingeconomics.com reported the benchmark interest rate in Ecuador was last recorded at 8.17 percent. Interest Rate in Ecuador is reported by the Banco Central del Ecuador. Ecuador Interest Rate averaged 20.78 Percent from 1970 until 2013, reaching an all time high of […]
Tradingeconomics.com reported that the inflation rate in Ecuador was recorded at 2.68 percent in June of 2013. Inflation Rate in Ecuador is reported by the INEC, Ecuador. Ecuador Inflation Rate averaged 23.96 Percent from 1970 until 2013, reaching an all time high of 107.87 Percent in September of 2000 and a record low of -2.67 […]
WSJ.com reported that Ecuador’s National Assembly approved a law late Tuesday to compensate exporters affected by the expiration of the U.S.-Andean Trade Preferences and Drug Eradication Act, or Atpdea. The law was approved with 103 votes in favor and only one against. It will compensate exporters with about $23 million a year. The law allows […]
Ecuador Balance of Trade Tradingeconomics.com reported that Ecuador recorded a trade deficit of 336017 USD Thousand in May of 2013. Balance of Trade in Ecuador is reported by the Banco Central del Ecuador. Ecuador Balance of Trade averaged -8399.54 USD Thousand from 1985 until 2013, reaching an all time high of 619602 USD Thousand in […]
economia.ig.com.br reported on June 12, 2013 that the International Chamber of Commerce in its biannual report ranked Brazil as the most closed economy in the G-20. Since the commencement of the Dilma administration, Brazil has been below the world average of its openness to the world due to its trade policy and openness to investment […]
agenciabrasil.ebc.com.br reported on June 11, 2013, that the foreign minister of Brazil, Antonio Patriota, and Russian Foreign Minister Sergei Lavrov, met in Rio de Janeiro to establish a bilateral partnership in economic cooperation as well as in areas of science and technology, nuclear research, and aerospace research. Patriota stated Russia is one of the main […]
Nicaragua was placed today on the verge of giving in to a Chinese company for 100 years until a controversial concession to build and operate a deepwater canal between the Atlantic and the Pacific, a work that will last about 10 years and cost 40,000 million dollars. Two bills that would give the unknown Chinese […]
With inflation in May reaching 6.1%, the highest monthly rate in 17 years, mostly because of the shortage of basic foods, some states in Venezuela are already planning food rationing fearing the situation could worsen. The Venezuela’s Central Bank released the figure on Friday. Read Article
On June 6, 2013, Terra reported the Ministry of Development, Industry, and Foreign Trade reveal there has been a significant increase in Brazil’s economic relationship with African countries. Between 2002 and 2012, trade has increased by 416%. African countries have increased their use of Brazilian exports to 5.03% in 2012 compared to 3.91% in 2002. […]
epocanegocios.globo.com reported on May 29, 2013 that the vice president of the United States, Joseph Biden, will commence his visit to Brazil in Rio de Janeiro, during a three-day stay in the country. Biden will meet with President Dilma and other officials to discuss topics including a strengthened partnership in energy, development projects in the […]
Reuters.com reported that Ecuador is planning to issue sovereign debt, perhaps before the end of this year or in the first quarter of 2014, marking a return to international debt markets five years after it defaulted on $3.2 billion of sovereign bonds despite an ability to pay. Read Article
On May 27, 2013, Globo reported that President Dilma announced on her radio program “Breakfast with the President”, that with current the construction of six old and new stadiums to host the Confederations Cup this year as well as the World Cup in 2014, Brazil has the capability to host the best World Cup in […]
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noticias.r7.com reported on May 24, 2013 that dozens of Brazilian companies discussed at the Business Roundtable Brazil-Peru meeting, strategies to increase future trade relations with Peru. Such measures include increasing Peruvian exports to Brazil. Brazilian ambassador; Lazary Texeira, stated that for long-term goals to be successful, Peruvian companies must be willing to invest and sell […]
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Globo reported on May 25, 2013 that President Dilma attended the 50th anniversary celebration of the African Union. In Ethiopia, President Dilma met with Ethiopian Prime Minister, Hailemariam Desalegn, to sign acts of bilateral cooperation in income transfer, air services, education, science and technology, as well as agricultural development. According to Dilma, Brazil wants to […]
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Globo reported on May 23, 2013, that according to a BBC survey conducted between December 2012 and April 2013, there is a growing negative influence of Brazil in the world. The survey reported that Brazil’s negative perception in the world increased from 18% to 21%. In addition, the survey reported that only an average of […]
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Ecuador’s first quarter crude oil export revenue fell 4% from a year earlier to $3.38 billion due to lower oil prices, the central bank said. The average price of crude in the three months fell 5% to $99.16 a barrel. By volume, Ecuador exported 34.14 million barrels in the first three months of 2013, up […]
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Globo reported on May 20, 2013 that numbers show Brazilian tourists spending more money abroad then in Brazil. Their spending is three times higher than that of foreign visitors in Brazil. Over the past five years, costs by visitors in Brazil increased by 15%, however costs for Brazilian tourists overseas more than doubled. Although there […]
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On May 20, 2013, Globo reported that due to the complicated procedure for foreigners to obtain a work visa in Brazil, the government reduced the number of required documents from fifteen to three; forms that can be filled out and sent over the internet. In addition, work visas; which originally took up to three months […]
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jornalagora.com.br reported on May 19, 2013 that Brazilian Foreign Minister, Antonio Patriota, and U.S. Secretary of State, John Kerry, will meet on Monday, 20, in Washington D.C. to discuss topics such as the world economy, issues pertaining to G-20, and areas in education, science, and technology. Among the issues to be discussed, is the US-Brazil […]
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On May 20, 2103, Terra reported that 200,000 new jobs were created in April. President Dilma’s administration, since commencement in January 2011 and April of this year, created more than 4 million new jobs. According to Dilma, the number is impressive when compared to European countries that are still suffering from unusually high unemployment rates. […]
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em.com.br reported on May 17, 2013, a bilateral meeting between Mexican Foreign Minister, Jose Antonio Meade and Brazilian Foreign Minister, Antonio Patriota. The meeting’s agenda is an attempt to promote the unity of state oil companies, Petrobras and Pemex. The two ministers agree that Brazil and Mexico share a high interest in expanding trade relations […]
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Terra reported on May 16, 2013, that according to Bloomberg Markets magazine, four Brazilian banks have emerged as the strongest in South America. Banks include Santander, Itaú, Bradesco and Banco do Brazil. According to Bruno Rocha; professor of Economics at the Federal University of Minas Gerais, Brazil’s stability, accessibility to change, and its ability to […]
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Toilet paper is one of many products in short supply cyclically in Venezuela, whose government also announced the arrival this week of 760,000 tons of food to alleviate the “acute shortage” according to the president of the country, Nicolas Maduro. The regime attributes the shortage to a plan of the opposition, which accounts and products […]
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Since Ecuador defaulted on global bonds in 2008, China is now the largest source of financing. Online.wsj.com reported tht Ecuador’s Finance Ministry sold $15 million in 15-year domestic bonds Thursday, with an interest rate of 7.75%, traders at the country’s stock exchanges told Dow Jones Newswires. The bonds have a 10-year grace period and were […]
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According to ECLAC projections, Ecuador grow this year by 3.5%, lower than that recorded last year, when economic growth closed at 4.8%. Ecuador’s performance this year would be in the average South American countries, which are generally more specialized in the production and export of raw materials. That growth (3.5%) in 2013 would give thanks […]
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bbc.co.uk reported that Spain’s population fell last year for the first time in decades, as immigrants left the country amid a major economic crisis, officials say. The National Statistic Institute (NSI) says the number of residents dropped by almost 206,000 to 47.1m – the decline entirely accounted for by foreigners. Immigrants from Ecuador and Colombia […]
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Taxation has become the main source of budget revenues Ecuador, displacing the oil sector. In 2012, the Internal Revenue Service (IRS) increased the tributes to U.S. $ 11,200 million (discounted fees). This year is expected to further increase amounting to U.S. $ 12,500 million, which should combated avoidance and tax evasion, effectively. In an interview […]
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According to the IMF, estimated inflation sits at 27.3%, much higher than the 14% to 16% official target originally set by the National Government for this year. The national economy freezes. The International Monetary Fund (IMF) lowered to 0.1% its estimate of Venezuela’s economic growth for the year, originally set at 3.3%. Based on its […]
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Andes.info.ec reported that… Saturday, in the name of 600,000 Ecuadorian migrants living in Spain (the most prominent South American group of people in the Iberian country), the Ecuadorian president, Rafael Correa, thanked the Spanish government for its decision to refrain from executing evictions for two years to those who earn less than 19,000 euros a […]
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On April 12, 2013, O Imparcial reported that the mayor of São Luís, Edivaldo Holanda (PTC), signed an agreement today with Bank of Brazil to build 1,000 new housing units in the neighborhood of Tajaçuaba. It is estimated that São Luís suffers from a deficit of 85,000 housing units available for its population. The project […]
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On April 7, 2013, O Estado de São Paulo reported that the drought this year in northeastern Brazil has reached dramatic proportions, to the point of bringing about the collapse of the rural economy throughout the region. Federal income redistribution programs have been helpful in abating the short-term pain, but they mask the problem of […]
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The National Mining Company (Enami) of Ecuador said Friday that maintains a strategic alliance with Codelco to explore for copper in a northern Andean country. This as part of an energy cooperation agreement between Ecuador and Chile, which has allowed the Ecuadorian state mining start an investigation stage geological Llurimagua area in the Andean province […]
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lahora.com.ec reported that Ecuador’s economy could collapse if not discovered new oil reserves-second source of income for the country-and diversifying the energy matrix, warned on Saturday President Rafael Correa to defend an open bid to explore oil in the Amazon. “The country’s energy mix is not sustainable unless we find more oil. Country will collapse […]
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On April 4, 2013, NE10 reported that four important bridge projects that were supposed to divert traffic over a busy avenue in Recife, the Avenida Agamenon Magalhães, were terminated in favor of other things. The projects drew criticism and protests from residents and urban critics alike, creating controversy at various public hearings regarding the bridges. […]
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On April 4, 2013, O Estado de São Paulo reported that a recent study done by The Economist shows São Paulo to be the 2nd most expensive metropolis in the world to own a car. In the research, The Economist selected 14 metropoli. São Paulo was second to Shanghai, China. The study considered first the […]
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On March 27, 2013, Cidade Verde reported that cattle slaughter continues to be on the rise in Brazil, in spite of a recent severe drought in the Northeast. IBGE released a study that found that farmers slaughtered 8% more cattle in 2012 than they did in 2011. The Northeast, however, saw a decrease in heads […]
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Eluniverso.com reported that hundreds of people of all ages line up from dawn to try to get a tank of cooking gas in different sectors of Imbabura and Carchi. They argue that for more than a fortnight dealers vehicles stopped walking neighborhoods and despite this, the authorities have not solved the problem.In Ibarra, for instance, […]
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The Joint Command of the Armed Forces Operational Command over No. 3 “South” reports that on March 19 at approximately 00h05, military personnel captured control tasks performed in Patuca, Morona Santiago province, the amount of 3,250 cartridges 16 mm caliber. Saga brand and Raptor, the ammunition was carried by three men in a car Chevrolet […]
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On March 19, 2013, Portal Tabatinga reported that the state government of Amazonas plans to invest in 23 new municipalities this year, as part of an effort to promote indigenous farming. The project will entail the donation of seeds, technical assistance, and monetary investment to indigenous farmers in order to boost the local economies. The […]
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Nearly 300,000 young people aged 15 to 24 who are working or seeking employment in our country, a population that represents about a third of the total number of boys in that age. Among young workers, half working in trade, agriculture or industry, three quarters are single and three-quarters also have one or more children. […]
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Nicaraguadispatch.com reported that…….Despite a period of steady economic expansion under the second coming of the Sandinista government, Nicaragua has not made any notable progress in the United Nation’s Human Development Index over the past six years. In the 2013 index, released by the United Nations Development Project (UNDP) last Friday, Nicaragua ranks 129th in the […]
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Food and personal care products and household cleaners are more expensive in neighborhoods and popular areas of Caracas. Small traders, mostly informal, which have shops in their homes or rooms under the stairs and up makeshift basement with just a window to dispatch, said they cost more to fill small cupboards and shelves that also […]
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A total of 581.2 million dollars in El Salvador receive remittances between January and February this year, representing a decrease of 0.2% compared to the same period of 2012, the Bank reported Saturday Central Reserve Bank (BCR). “The total remittances received during January and February of 2013 was U.S. $ 581.2 million, registering a decline […]
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The Central American countries must adapt and improve its ports and roads to new freight conditions that will allow the expansion of the Panama Canal, according to the Inter-American Development Bank (IDB). Ports and roads in Central America and the Dominican Republic “should be able to download and shipments much larger move, and do so […]
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lanacion.com.ar reported that it was published today in the Official Gazette the increase of 40%; Metrovías already been notified…e government of the City of Buenos Aires today officially raise the subway fare to $ 3.50. The increase of 40% was published in the Official Bulletin porteño. Starting next Wednesday hike will be effective. “The increase […]
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On March 13, 2013, Agência Brasil reported that micro-businesses in the state of São Paulo turned over some R$40.6 billion in the month of January, about 1% better than in January 2012. The increase is not radical, but it represents the highest monthly rate of growth that micro-businesses have sustained since 2001. An economist from […]
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On March 13, 2013, O Imparcial reported that in the state of Maranhão, Governor Roseana Sarney authorized a bill yesterday that liberated R$600 million to work on infrastructure projects throughout the interior of the state. The installation of these highways will benefit 17 municipalities and will pave approximately 554 kilometers’ worth of roads. Luis Fernando […]
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On March 1, 2013, G1 reported that two major Brazilian corporations, Vale and Petrobras, lost big in the Brazilian stock market (BM&FBOVESPA) in the first two months of 2013. Economic reports indicate that Petrobras, one of the largest corporations in the world, posted losses of nearly R$54 billion (R$200.9 billion), while Vale lost about R$22.75 […]
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Controlling prices of staples and avoid speculation when you are looking to sell is the Government, through Decree 1438. This pricing applies nationally to 46 products, including: flower rice, oats, beef bone, boneless, ground, pork bone, pork chop, pork ribs, whole chicken into pieces, milk, chicken eggs, 17 fruits and a similar number of plants, […]
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In 57% of companies there has been no salary increase, survey reveals Trabajando.com / Mexico City, 67% of Mexican firms has made staff cuts to reduce costs and 74% of Mexicans do not receive benefits “superior” to the law, according to a study trabajando.com, a consultancy specializing in the field. In the research consisted of […]
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Brazil and Russia signed several agreements in different fields geared to increase trade and to advance in defense, energy and agriculture cooperation, including the purchase of Russian anti aircraft missile batteries on condition that Moscow agrees to transfer technology. Brazil is beefing up its air defenses before the 2014 World Cup soccer tournament and the […]
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lahora.com.gt reported …..the low labor supply, inequality and poverty are some of the factors that make thousands of Guatemalans change their residence within the country and migrate to the capital, where the greatest concentration of economic activity and growth opportunities in the country. In this regard, Elizabeth Enriquez, Executive Director of the National Bureau for […]
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afp.com reported that Venezuelans swamped stores to snap up everything from washing machines to plane tickets in a last-minute wave of panic-buying ahead of a 32 percent currency devaluation. Venezuela will devalue its currency against the US dollar from Wednesday on the orders of President Hugo Chavez, who is convalescing in Cuba following cancer surgery […]
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Reuters: The Venezuelan government announced a devaluation of almost 32% of its currency against the dollar to fight the “outbreak of inflation and speculative” in the country, which keeps track of change from ten years ago and did not adjust its currency since 2011. The devaluation of the bolivar, 31.7 percent, would ease the dollar […]
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On February 8, 2013, O Estado de São Paulo reported that the cost of living in the city of São Paulo faced its steepest rise in ten years. Between December 2012 and January 2013, the cost-of-living index (ICV) rose some 1.77%. Among the big gainers include various foods including potatoes, whose prices rose around 21%. […]
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Ecuador in January closed with inflation at 0.50%, 0.57% lower than the same month last year, said yesterday the Institute of Statistics and Census (INEC). Family basket increased to 601,16 in January 2013 Inflation in January, said the Institute, responded primarily to the increase in prices of food and beverages, as well as restaurants and […]
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The Brazilian government plans to eliminate all federal taxes on staple foods, said Tuesday President Dilma Rousseff, extending a series of tax breaks aimed at containing inflation. Rousseff said in a radio program that federal taxes had already been eliminated for the rice and beans, the staple food of the country’s workers, but other foods […]
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On February 4, 2013, iG reported that inflation statistics have been published, and the price index showed a rise of 5.61% between February 2012 and January 2013. The report comes from the Federal Institute of Economic Research (FIPE). According to the numbers, the biggest culprit was basic food purchases, of which items in the price […]
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Tax collection has shown significant growth, which shows that in 2006 the IRS received $ 4,600 million, while in 2012 received USD 11.267 million. That money is reinvested in the social good, for example 45,000 Ecuadorians whose income is up to $ 400 with tax recycling plastic bottles, which is $ 0.2.Read Article
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According to Reuters.com, the International Monetary Fund issued a “declaration of censure” against Argentina on Friday in its harshest reprimand to date over the quality of its inflation and GDP growth data, and gave the country until September 29 to take action. The IMF’s executive board said Argentina had failed to make sufficient progress in […]
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dw.de reported that Colombia’s economy has improved over the past two decades, but the new middle class has only profited to a limited extent. Their social and economic situation is insecure. Colombia’s middle class is growing. The World Bank estimates that the percentage of Colombians who count themselves middle class has risen to 28 from […]
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Mexico City. Private banks operating in Mexico ended 2012 with a historic amount of profits. The whole system of institutions, mostly controlled by foreign firms, achieved net profits last year by 87 000 126.20 million pesos, 20.6 more than those in 2011 and a rate fivefold the expected growth of the economy in that period, […]
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On January 31, 2013, G1 reported that one of Brazil’s major social surveys, the IBGE, has produced economic statistics from 2012. According to the data, women earned on average roughly 72.7% of what men earned monthly during the calendar year. The survey was conducted by visiting 45,000 residences in six different major municipalities. Additionally, darker-skinned […]
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Keith Bayford wrote in Colombiareports.com, since my arrival in Colombia to the extent that Colombia is no longer “cheap” in my eyes, quite to the contrary. Well, there you are; I have asked the question about the cost of living in Colombia, but it does not necessarily mean I have the answer. But I can […]
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Investigation reports by Lasemana.com of Colombia….. ECUADOR INTELLIGENCE OFFICERS OPERATING IN COLOMBIA ILLEGALLY Lasemana.com reported …… an account of a plot involving intelligence agents from Ecuador in making attempts to kidnap Fernando Balda Flores, a citizen from Ecuador and known opponent of Rafael Correa. Mr Fernando Balda Flores is a politician worked in the political […]
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The Government of Ecuador will be investing US$ 2.6 million to set up a Centre for Development of Textiles and Apparels at Atuntaqui, 110 km north of the country’s capital Quito. The establishment of the centre is part of the Government’s effort to strengthen the technical capacity, productivity, efficiency and competitiveness of the country’s textile […]
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Unemployment rate in Venezuela stood at 5.9% in December, a 0.7% slump below the same term in 2011, based on a report on labor prepared by the National Statistics Institute (INE). In absolute terms, this means 806,496 jobless last month. In December 2011, unemployment rate stood at 6.5%, that is, 885,149 people. Read Article
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Worldhighways.com reported that Ecuador to invest near US$10bn in major motorways Construction to begin during 2013 Reasons are to reduce trip times, improve safety levels, and give direct benefit to freight movement. Plans include linking a road from Manta Ecuador to Manaus Brazil which will link the Pacific Ocean with the Atlantic. Inlcudes a major […]
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Morningstar.com reported, Argentina’sTorcuato Di Tella University said Wednesday in a closely watched monthly survey that Argentines expect inflation of 30% in 2013. Most private-sector economists think that 12-month inflation in Argentina has been running at or above 20% for the last three years due to lax monetary and fiscal policy. Capital flight spurred by galloping […]
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A “modest acceleration of economic growth” is expected in the next two years in Latin America and the Caribbean with growth rates at 3.9% in 2013 and 4.4% in 2014, according to a United Nations report entitled, “World Economic Situation and Prospects 2013.” This means, however, an improvement considering the noticeable deceleration in the yearly […]
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The absence of maize flour, oil, rice, sugar, chicken and toilet paper on the shelves of shops in the city yesterday, again, the common image. The scene contrasted with the long queues that a week ago invaded establishments. And it started in 2013 as a true roller coaster in the sale of products referred to […]
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The injection of public spending into scholarships and increases in wages and pensions boosts consumption at a time when production of state-run companies and staples such as milk and sugar falls. Therefore, there is no alternative but to resort to imports to prevent widespread shortages. In his year-end report, President of the Central Bank of […]
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Nineteen years ago today, the neoliberal North American Free Trade Agreement went into effect, and in response, the Ejército Zapatista de Liberación Nacional (Zapatista National Liberation Army; EZLN), a group of rural indigenous peoples and leftist intellectuals, rose up, using the internet and a global community of rights activists to object to the impact of […]
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Peru’s inflation in 2012 was 2.65%, lower than that recorded in 2011 and within the range expected by the central bank, said the National Statistics Institute (INEI). The sectors that were the price increased food, clothing, rental housing, fuel and electricity prices. Peru’s central bank established a national inflation target of between 1% and 3% […]
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ABSTRACT This paper aims to evidence the cognitive structure of values of customers of regional brand from the South of Minas Gerais and Triângulo Mineiro regions. It aimed to identify perceptions about attributes, consequences, values and connections among these elements through a hierarchical map of values (HVM). The laddering technique helped in the collection, analysis […]
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The costs for financial services that will be effective the first quarter of 2013 were issued by the Banking Board, in them there is a decrease in the value of online transactions such as transfers or withdrawals from ATMs. The Banking Board mandates free for 17 financial services including card issuance and maintenance, as well […]
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The populist Correa, who has won strong popular support for a range of measures including expanding access to health care and improving roads and highways, hiked the minimum wage to 318 dollars per month from 292 per month. He has gradually raised the minimum wage during almost six years in office and insists companies should […]
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