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MercoPress, en Español

Montevideo, July 5th 2025 - 01:41 UTC

Economy

  • Wednesday, April 6th 2022 - 09:47 UTC

    Uruguay's ANCAP makes US$ 88 million profit in 2021

    In the only business segment where ANCAP is a monopoly “it lost money,” Stipanicic said

    After several adjustments in the price of fuel, Uruguay's state-run oil company ANCAP reaped profits worth US$ 88 million, authorities from the petrol supplier reported Tuesday in Montevideo.

  • Wednesday, April 6th 2022 - 09:32 UTC

    Paraguay advised to monitor inflation and tackle State spending

    Mauricio Villafuerte's report underlined the country's vulnerability to meteorological factors

    The International Monetary Fund (IMF) has issued a recommendation to the Government of Paraguay IMF to keep an eye on inflation and move forward with structural reforms in addition to improving State spending.

  • Tuesday, April 5th 2022 - 20:10 UTC

    Greece pays up IMF financial bailouts

    Greece now sends a “positive message to the markets about the country's financial situation,” Staikuras said

    Greece has paid up its debt with the International Monetary Fund (IMF) after three assistance programs amounting to US$ 35 billion between 2010 and 2015, it was reported Tuesday.

  • Tuesday, April 5th 2022 - 09:36 UTC

    Bolsonaro still unable to find new Petrobras chief

    Pires' was Bolsonaro's second straight setback regarding Petrobras

    Brazilian Economist Adriano Pires has turned down President Jair Bolsonaro's offer to chair the state-run oil company Petrobras after dismissing General Joaquim Silva e Luna, who repeatedly adjusted the price of fuel against the head of state's recommendations.

  • Saturday, April 2nd 2022 - 09:55 UTC

    Argentina focused on ties with US

    “We worked to continue strengthening the development of economic cooperation opportunities between our nations,” Minister Guzmán said

    Argentina's Economy Minister Martín Guzmán met Friday with US Ambassador Marc Stanley at the Treasury Palace in Buenos Aires to discuss the bilateral agenda regarding cooperation between the two countries.

  • Saturday, April 2nd 2022 - 09:50 UTC

    Uruguayan exports grow 28% in March of 2022

    In March 2021 Uruguay sold US$ 18.4 million worth of livestock to China. That figure dropped to zero in March 2022

    Uruguay's exports rose 28% in March of 2022 when compared to the same month last year, according to the Uruguay XXI report released Friday in Montevideo, which took into account figures from duty-free trade zones. Beef was once again the star product.

  • Saturday, April 2nd 2022 - 09:45 UTC

    IMF chief warns on consequences of the Russia/Ukraine conflict for poorer countries

    “When prices jump, and poor people cannot feed their families, they will be on the streets,” Georgieva said

    IMF chief Kristalina Georgieva fears that the current situation with the Russia/Ukraine conflict could lead to an explosive situation in many of the poor countries with inflated prices, less jobs and overwhelming debts and called for greater global cooperation.

  • Friday, April 1st 2022 - 22:16 UTC

    Brazil's Central Bank workers go on indefinite strike

    BCB's Campos Neto is in Miami since Thursday

    Employees of Brazil’s Central Bank (BCB) Friday went on strike to demand better wages. The workers have announced that their measure will continue until an answer has been achieved. The new circumstances affect local payments and other services, it was reported.

  • Thursday, March 31st 2022 - 20:46 UTC

    Argentina's Domestic Trade Secretary “can't perform miracles”

    Under Néstor and Cristina Kirchner (2003-2015), export taxes were “higher when international prices were lower and nobody lost money,” Feletti argued

    Argentina's Domestic Trade Secretary Roberto Feletti Thursday admitted that the inflation figures for the month of March “will be bad” following the impact of the war between Russia and Ukraine on the local economy.

  • Thursday, March 31st 2022 - 10:25 UTC

    Uruguayan gov't announces new increase in price of fuel

    The adjustment was below Ursea's recommendations, Lacalle explained

    Uruguayan authorities Wednesday announced the price of fuel at pumps will go up as of Friday, April 1. President Luis Lacalle Pou confirmed that gasoline will go up UR$ 3 (US$ 0.07), from UR$ 74.88 (US$ 1.81) to UR$ 77.88 (US$ 1.88) and UR$ 5 (US$ 0.12) for diesel, from UR$ 53.99 (US$ 1.3) to UR$ 58.99 (US$ 1.49).