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MercoPress, en Español

Montevideo, December 18th 2025 - 11:27 UTC

Economy

  • Wednesday, June 11th 2025 - 20:01 UTC

    Canadian PM invites Lula over to G7 Summit

    In a phone call on Wednesday, Carney formalized the invitation

    Brazilian President Luiz Inácio da Silva of Brazil will be attending the G7 Summit in Kananaskis, Canada, on June 17, following an invitation from Prime Minister Mark Carney. The South American leader will participate in an extended session with other invited nations, including South Africa, Australia, and India, and will also hold a bilateral meeting with Carney.

  • Wednesday, June 11th 2025 - 10:24 UTC

    French companies interested in relocating production to Paraguay

    In this scenario, Asunción will host the EU-Paraguay 2025 Investment Forum later this month

    French companies have been reported to be exploring the relocation of their production to Paraguay, drawn by its maquila regime and strategic geographic location, according to Benoit Libourel, president of the Paraguayan-French Chamber of Commerce.

  • Monday, June 9th 2025 - 20:18 UTC

    FAO Food Price Index dips in May amid lower cereal, sugar and vegetable oil prices

    Global maize prices declined sharply, owing to strong harvests and robust availability in Argentina and Brazil and expectations of a record crop in the United States

    The benchmark of world food commodity prices dropped in May as marked declines in international quotations for maize and palm oil outweighed historically high prices for butter and bovine meat, the Food and Agriculture Organization of the United Nations (FAO) reported.

  • Wednesday, June 4th 2025 - 19:02 UTC

    Further investments in Paraguay announced after Singapore deal

    “Paraguay has one of the most advanced laws in terms of carbon credits,” Siokos explained

    Astarte Capital Partners representative Stavros Siokos announced that the investors were evaluating further disbursements in Paraguay through the Second Forestry Fund to reach US$ 700 million following the South American country's carbon credit understanding last week with Singapore under Article 6 of the Paris Agreement.

  • Wednesday, June 4th 2025 - 10:34 UTC

    OECD expects Argentina to grow more than other G20 nations

    Argentina’s outlook remains robust, the OECD said

    According to the biannual Organization for Economic Co-operation and Development's (OECD) 2025 Economic Outlook published Tuesday, Argentina is projected to experience significant economic growth of 5.2% in 2025 and 4.3% in 2026, the highest among Latin American G20 countries and second only to India globally.

  • Wednesday, June 4th 2025 - 10:25 UTC

    Significant growth in Paraguayan exports reported

    Brazil accounted for 99% of Paraguay's wheat shipments

    Paraguayan exports have recorded significant improvements this year, according to reports released in Asunción this week.

  • Tuesday, June 3rd 2025 - 10:38 UTC

    Chavista regime cracks down on black market dollar handlers

    Black market traders were arrested in multiple states nationwide

    Venezuelan authorities arrested 15 men and 10 women for their alleged involvement in manipulating the black market dollar, impacting the economy. The suspects, including operators, managers, liquidity providers, developers, programmers, and payment receivers, handled 18 websites setting parallel dollar prices, causing economic distortions. Some of these portals illegally captured funds without banking authorization, it was explained.

  • Friday, May 30th 2025 - 10:23 UTC

    Falklands, changes to Land Values and Service Provision Policy approved

    A uniform un-serviced land rate of £20 per square meter be set for all industrial and mixed-use land, aligning it with the residential land value.

    Changes to the Falkland Islands Government’s (FIG) Land Values and Service Provision policy were agreed by Executive Council this week. The Land Values and Service Provision policy sets out how FIG calculates the price it sells serviced plots, the price for un-serviced land and details the contribution to future servicing.

  • Wednesday, May 28th 2025 - 21:08 UTC

    Uruguay keeps Monetary Policy Rate unchanged at 9.25%

    BCU President Guillermo Tolosa made the announcement in Montevideo

    The Central Bank of Uruguay (BCU) decided to maintain the Monetary Policy Rate (MPR) at 9.25%, the Monetary Policy Committee (Copom) and BCU President Guillermo Tolosa announced. This unanimous decision seeks to strengthen the contractionary bias of monetary policy to continue the disinflation process and align inflation expectations with the target of 4.5% annually.

  • Wednesday, May 28th 2025 - 20:41 UTC

    Azul files for Chapter 11 bankruptcy protection

    The move follows months of negotiations with creditors and investors

    Brazil's Azul Airlines, the country’s third-largest carrier, filed for Chapter 11 bankruptcy protection in a New York court on Tuesday to restructure R$ 31.35 billion (US$ 5.56 billion) in debt. The filing follows a 50.3% debt increase in Q1 2025, driven by currency volatility, high US interest rates, and supply-chain issues, including Pratt & Whitney engine recalls resulting in grounded aircraft. Additionally, partnerships with ACMI providers like EuroAtlantic faced legal challenges from Brazilian labor unions over foreign crew usage.