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MercoPress, en Español

Montevideo, May 21st 2025 - 00:51 UTC

Economy

  • Wednesday, June 12th 2024 - 19:17 UTC

    Cargo terminal at Porto Alegre's airport operational again

    Opened in 2021, Porto Alegre's International Cargo Terminal (Teca) was launched in 2021 and functions 24/7

    While passenger flights are still observing an emergency scheme, the cargo terminal at Porto Alegre's Salgado Filho International Airport (POA/SBPA) has been operational once again since Tuesday after the entire air station was shut down due to the floods hitting the State of Rio Grande do Sul, Agencia Brasil reported. According to Fraport Brasil, the company handling these operations, airport structures such as the runway and baggage conveyors, were not affected. On the other hand, passenger flights were suspended indefinitely on May 3.

  • Wednesday, June 12th 2024 - 10:34 UTC

    World Bank: Uruguay in for economic growth above par in 2024

    Uruguay's performance is projected despite a poor review given to the port of Montevideo

    The same World Bank report that foresaw a gloomy 2024 for Argentina forecasted a 3.2% growth for Uruguay in a region headed for poor average performance, the “World Economic Outlook” released Tuesday in Washington DC projected growth in Latin America and the Caribbean to reach 1.8% in 2024 before bouncing back to 2.7% in 2025 as interest rates and inflation slow down.

  • Tuesday, June 11th 2024 - 22:17 UTC

    World Bank foresees economic deterioration for Argentina this year

    A recovery above average is also forecast for 2025

    According to the latest “World Economic Outlook” report released Tuesday by the World Bank from its headquarters in Washington DC, Argentina's economy is expected to fall sharply this year, thus becoming the Latin American country going through the tightest contraction in the region before rebounding in 2025. The study projected a 3.5% drop this year followed by a 5% surge in 2025, thus outperforming the rest of the continent.

  • Tuesday, June 11th 2024 - 18:41 UTC

    Paraguay enacts “linked towns” bill for residents of border locations

    The new legislation will represent “a solution to the problems of the chaotic traffic that usually occurs in border cities,” Kronawetter pointed out

    Paraguayan President Santiago Peña signed into law a bill providing for the creation of the so-called “linked towns” bordering Argentina and Brazil. The measure grants residents a preferential status in economic, labor, health, and cultural issues, it was explained.

  • Monday, June 10th 2024 - 21:19 UTC

    Gloomy future for SMEs in Argentina, studies find

    The crisis is expected to deepen in the next 12 months, the IPA report showed

    According to a survey published by the Argentine Confederation of Medium-Sized Companies (CAME) report released Monday in Buenos Aires, retail sales in Argentina fell 7.3% year-on-year in May as President Javier Milei's chainsaw economic policies took a deeper toll on the purchasing power of the population.

  • Monday, June 10th 2024 - 07:07 UTC

    Christine Lagarde: Why we adjusted interest rates

    European Central Bank Headquarters in Frankfurt

    By Christine Lagarde

    The ECB has cut interest rates, 6th June. President Christine Lagarde explains why and sets out what still needs to be done to bring inflation back to 2% over the medium term. (*)

  • Saturday, June 8th 2024 - 10:10 UTC

    Alckmin underlines China's importance for Brazil

    The Chinese still do not drink too much coffee, Alckmin noted

    In an interview with Brazilian reporters during his Chinese trip, Vice President Geraldo Alckmin underlined the importance of the China-Brazil High-Level Coordination and Cooperation Committee (COSBAN).

  • Friday, June 7th 2024 - 09:47 UTC

    Uruguay's Ancap posts US$ 48 million losses in three months

    Foto: Mauricio Zina / adhocFOTOS

    Uruguay's state-owned oil company Ancap reported this week losses worth US$ 48 million in the last three months after needing to import fuel to meet local demand following the shutdown of the La Teja refinery for maintenance work starting Sept. 4, 2023.

  • Thursday, June 6th 2024 - 19:50 UTC

    Bolivian President thanks Putin for Russia's partnership

    Broader talks are to be arranged for the near future regarding Russian-Bolivian cooperation, it was reported in St Petersburg

    Bolivian President Luis Arce Catacora held a meeting with his Russian colleague Vladimir Putin on the sides of the St. Petersburg International Economic Forum (SPIEF) during which both leaders agreed on joint undertakings in the South American country regarding lithium battery production in addition to discussing other bilateral topics of interest.

  • Wednesday, June 5th 2024 - 21:22 UTC

    Argentine air traffic controllers announce 18-day strike

    Air operations will not be affected but ground traffic will. Hence, takeoffs shall not be allowed during the mesure de force

    Argentine air traffic controllers nationwide announced an 18-day strike starting this coming Sunday to demand better salaries as people's incomes in the South American country have been dwindled by inflation. The measure is expected to affect air travel, albeit to a limited extent.