Stories for October 2003
Unemployment in Santiago last September reached 13,4%, a 0,2% drop from the last quarter (April-June) and 0,3% less that a year ago, according to the Economics Department of the University of Chile.
The European Commission predicts a gradual recovery of Latinamerican economies in the next two years, particularly Argentina, but warns about slower growth in Venezuela and Uruguay.
Headlines: Q2 in Montevideo November 4; British college students explore southern Chile; Red tide warning.
European Union and Mercosur delegates participating in a business forum in Brasilia said they were confident that both regional blocks will reach a free trade agreement before 2005, even when differences subsist mainly in agriculture.
Uruguayan foreign debt is non payable and will need a considerable write off, indicated in Santiago Chilean economist Ricardo Ffrench-Davis working for the United Nations Economic Commission for Latinamerica, CEPAL.
The largest sewage treatment plant in Latin America capable of recycling some 75% of metropolitan Santiago wastewater and controlling water-spread diseases was inaugurated Wednesday by Chilean President Ricardo Lagos.
The threat of recession is behind and the Brazilian economy is ready to begin growing at an annual rate of 3%, said this week Central Bank president Henrique Meirelles.
Headlines: Poachers' job about to become tougher; Annual catch entitlement trading goes online; Chilean exporters concerned with US regulations; Spanish deep-sea fleet requests government aid; Spanish fleet reduced 3.4% in 2002; Spain wooing African countries for potential fisheries; Record catch of poachers in Australian waters.
Bingham wins in Supreme Court; £78,000 calcified seaweed machine disassembled; Sir Ranulph's marathon effort in the Falklands; Council questions; Islanders at meeting; Walking for veterans.
Brazil could fall short of the government's goal of attracting 10 billion US dollars in foreign investment this year and will probably end up with only around half of the 16.5 billion it obtained in 2002 according to independent economists.