Argentina’s 2018 budget bill forecasts economic growth of 3.5% next year and average annual inflation of 15.7%, Treasury Minister Nicolas Dujovne told Congress. The bill proposes a 2018 primary fiscal deficit of 3.2% of gross domestic product (GDP) as previously announced.Add your comment!
News of a potential offer of a tariff rate quota for 85,000 tons of beef in the Mercosur/European Union negotiations has triggered a dismayed reaction from the ICSA’s (Irish Cattle and Sheep Farmers’ Association’s) Beef Chairman Edmond Phelan.Add your comment!
Brazil's lower house of Congress has given initial approval to a bill to reduce the huge array of political parties that have made it hard to govern the country and contributed to corruption. The chamber voted 384-16 for the establishment of a minimum national vote threshold that parties must reach to get public funding and free radio and television time for their election campaigns. The requirement would be 1.5% of votes in 2018, rising to 3% in 2030.
Brazil's Police raided the home of a top government official Thursday seeking evidence in yet another corruption case involving a member of embattled President Michel Temer's Cabinet. The operation was authorized by Brazil's top court and is part of an investigation of Agriculture Minister Blairo Maggi, who is suspected of bribing state lawmakers during his 2003-2010 terms as governor of Mato Grosso.
Pushing the European Union Mercosur deal is a “completely unacceptable”, according to Meat Industry Ireland’s (MII) director Cormac Healy. In a statement, Healy said that any progression and completion of the Mercosur trade deal will have negative effects on the EU beef market.
Uruguay has a new vice-president following the resignation of the questioned and discredited Raul Sendic. On Wednesday mid-morning, Lucia Topolansky, wife of ex president Jose Mujica received unanimous support from the General Assembly (123/123). Under the Uruguayan constitution the head of the most voted Senate group of the winning party in the last election, in this case the MPP (Popular Participation Movement), leads in the presidential succession line. She is the first woman to occupy such a post.
Uruguayan Vice president, and head of the Senate, Raul Sendic has stepped down after presenting his “indeclinable” resignation to the ruling coalition plenary and to president Tabare Vazquez, quelling what was becoming a major political and institutional situation given his long string of misconducts, some of them precisely questioned by an ethics tribunal from the coalition.
The Argentine embassy met with officials from the Uruguayan Rural Association, ARU, to express their disappointment since the Falkland Islands have a stand at the Great Britain pavilion in the Prado agro-industry show in Montevideo, according to a report from Television Nacional, which belongs to the Uruguayan government media complex.
Brazil's central bank slashed its key interest rate this week by a full percentage point to 8.25%, the eighth consecutive cut as the country slowly exits a painful recession. The one percentage point fall in the base Selic rate had been predicted by markets and matched a previous cut in July.
Venezuela's recently ousted chief prosecutor accused President Nicolas Maduro and several allies on Wednesday of participating in acts of corruption, saying she would turn over proof that would help other countries prosecute. Venezuela's government quickly fired back, accusing Luisa Ortega Diaz of grave moral and ethical infractions.