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MercoPress, en Español

Montevideo, November 25th 2024 - 19:52 UTC

Economy

  • Monday, June 13th 2022 - 23:56 UTC

    Mercosur Summit scheduled for Asunción July 21

    Paraguay holds Mercosur's pro tempore presidency of Mercosur a d will therefore host the Summit.

    Mercosur Foreign Ministers Monday agreed to hold the upcoming Summit of the Group in Asunción on July 21. It will be the first face-to-face encounter of all four regional leaders since all previous meetings involving all four current leaders were all held virtually due to the COVID-19 pandemic.

  • Monday, June 13th 2022 - 10:40 UTC

    Uruguay, Brazil agree on zero-tariff for certain products

    The deal is tantamount to an FTA in some regards, according to many observers

    While the spotlight at the Summit of the Americas was focused on heads of state not shaking hands and some countries being excluded, the Foreign Ministers of Uruguay and Brazil agreed on a zero tariff in free trade zones and special customs areas for an unlimited period of time.

  • Friday, June 10th 2022 - 23:25 UTC

    Sharp increase reported in Argentine intra-Mercosur exports

    Mercosur is a zone of peace, while the world is shattered by the Ukraine conflict

    Argentina has recorded a sharp increase in intra-Mercosur exports, with trade reaching its highest figures in 7 years, it was reported in Buenos Aires. Intra-Mercosur trade during 2021 reached US$ 41 billion and achieved the highest value since 2014, while Argentine exports to the bloc exceeded US$ 14 billion, according to the CXXIII Meeting of the Common Market Group (GMC) in Asunción.

  • Wednesday, June 8th 2022 - 09:49 UTC

    War in Ukraine to increase LatAm poverty, ECLAC foresees

    Poverty in Latin America will grow to 33.7% and extreme poverty to 14.9% this year as a direct consequence of the war between Russia and Ukraine, the Economic Commission for Latin America and the Caribbean (ECLAC) has warned.

  • Wednesday, June 8th 2022 - 09:29 UTC

    BRICS countries agree to deepen financial, customs cooperation

    China is this year’s chair of BRICS

    Following a virtual meeting Tuesday, dignitaries of all five BRICS nations (Brazil, Russia, India, China, and South Africa) have pledged to deepen financial and customs cooperation.

  • Wednesday, June 8th 2022 - 09:20 UTC

    Commercial air link Falklands/Chile scheduled to resume 2nd July. Ticket booking begins

    The LATAM Airbus at Mount Pleasant international airport on its Saturday weekly flight

    Following the announcement made on 7 April 2022, the air link between the Falkland Islands and Chile will resume on Saturday 2 July 2022. LATAM flight schedules will be reinstated with flights stopping in Punta Arenas and Santiago, and once a month stopping in Rio Gallegos.

  • Wednesday, June 8th 2022 - 09:00 UTC

    Chile's trade balance on the rise

    Chile's domestic economy is contracting at a slower pace than expected, thanks to consumption remaining at high levels, the Central Bank explained

    Chile's foreign trade reached US$ 86.149 billion between January and May of 2022, according to data from the Undersecretariat of International Economic Relations, which showed a 20% interannual increase, it was reported Tuesday.

  • Tuesday, June 7th 2022 - 20:54 UTC

    Job openings in Brazil show positive figures in April

    “The numbers are in line with the recovery process of the Brazilian economy,” said Dalcolmo.

    Brazilian authorities have announced nearly 197,000 new formal jobs had been created in the month of April, according to the General Cadastre for Employed and Unemployed (Caged), released Monday by the Labor Ministry.

  • Monday, June 6th 2022 - 15:36 UTC

    Although still below 2019 levels, tourism arrivals picking up in Europe and the Americas

    WTO data shows that during the first quarter of 2022, Europe welcomed almost four times as many international arrivals (+280%) as in Q1 of 2021

    The World Tourism Organization is reporting that tourism continues to recover at a strong pace. Globally, destinations welcomed almost three times as many international arrivals in the first quarter of 2022 as in the same period of 2021, with Europe leading the sector’s rebound. Experts are also looking into the future with more optimism.

  • Saturday, June 4th 2022 - 10:30 UTC

    Argentina: Alberto and Cristina make joint appearance again

    CFK suggested the President “take care of the dollars” and avoid an “import festival.”

    Argentine President Alberto Fernández and Vice-President Cristina Fernández de Kirchner (CFK) spoke to each other once again Friday during the celebration of the state-run oil company YPF's 100th anniversary.