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MercoPress, en Español

Montevideo, April 6th 2025 - 22:06 UTC

Economy

  • Wednesday, October 2nd 2024 - 08:31 UTC

    China opens up to 4 Argentine meat plants

    China accounts for nearly 80% of Argentina's beef exports

    A total of four new Argentine meat plants were allowed by China to send beef shipments to the Asian country, it was announced this week by Buenos Aires' Agriculture, Livestock and Fisheries Secretariat. The new clearance was said to have resulted from negotiations with Beijing's Animal and Plant Quarantine Department of the General Administration of Customs of China (GACC).

  • Wednesday, October 2nd 2024 - 07:13 UTC

    Falklands Tourist Board and cruise lines working on solutions for clash days

    A busy day at the Stanley Jetty Visitor Centre, great for the economy but not necessarily for Islanders normal life

    The issue of the controversial clash days during the cruise summer season was also addressed by ExCo in its end of September meeting. It was noted that the Falkland Island Tourist Board (FITB) is currently taking cruise ship bookings out to the 2026/27 season and intends to continue monitoring future clash days during the 2024/25 season.

  • Tuesday, October 1st 2024 - 09:00 UTC

    Paraguay's GDP grows 4.6% in first semester of 2024

    A 3.7% drop in Electricity and Water in the first semester was not enough to counter positive performances in all other sectors

    Paraguay's Gross Domestic Product (GDP) went up 4.6% in the first semester of 2024, according to a Central Bank (BCP) report released Monday in Asunción. The document also mentioned an interannual 4.8% surge in the second quarter of 2024, up from 4.3% in the previous quarter. Thus, Paraguay outperformed the 3.8% projections for the first half of this year.

  • Monday, September 30th 2024 - 13:30 UTC

    EU insists cocoa imports must come from deforestation-free areas

    Cocoa producers say the Dec. 30 deadline set by the EU to ban products from deforested areas was “unrealistic”

    The European Commission (EC) has turned a deaf ear to the Ivory Coast-based International Cocoa Organization (ICCO) to postpone for two years the implementation of regulations requiring that cocoa imported into Europe must not come from deforested plots.

  • Monday, September 30th 2024 - 08:43 UTC

    Paraguay River sets new all-time low in Asunción

    The situation remains critical regarding navigability

    Paraguay's Meteorology and Hydrology Directorate reported Sunday that the Paraguay River set a new all-time low after falling four centimeters from Saturday's mark to stand at -1.17 meters.

  • Friday, September 27th 2024 - 14:50 UTC

    More than half of Argentines have fallen into poverty

    “Argentina has been torn to pieces and rebuilding it takes time,” Adorni also mentioned

    According to a report from the National Institute of Statistics and Census (Indec), released Thursday, poverty in Argentina rose to 52.9% in the first half of 2024, affecting nearly around 25 million people, while indigence stood at 18.1% (8.5 million). These figures represented a significant setback from the 41.7% (19.5 million people) poverty rate from the second half of 2023. The Indigence Index measures people whose income is not even enough to buy the minimum amount of food for subsistence.

  • Thursday, September 26th 2024 - 13:51 UTC

    Voepass announces major board reshuffle after Aug. 9 crash

    The company's CEO will also take over as Chief Operations Officer (COO)

    Brazilian carrier Voepass Wednesday announced a major Board of Directors reshuffle in the aftermath of the Aug. 9 accident of an ATR-72 aircraft flying in from Cascavel crashed in Vinhedo while approaching Sao Paulo's Guarulhos Airport. All 62 occupants of the aircraft were killed. Among those resigning were the heads of the maintenance (Eric Cônsoli), operations (Marcel Moura), and operational safety (David Faria) department,s and their replacements have already been chosen but are awaiting the National Civil Aviation Agency's (ANAC) nod.

  • Thursday, September 26th 2024 - 10:53 UTC

    Argentina's economy keeps falling, Indec report shows

    Despite overall negative results, Agriculture, Livestock, Hunting, and Forestry showed a 23.6% increase

    Argentina's National Institute of Statistics and Census (Indec) Wednesday released a report showing that the economic activity in the South American country fell by 1.3% year-on-year in July.

  • Thursday, September 26th 2024 - 10:34 UTC

    Slight increase in Uruguay's unemployment reported

    Uruguay created more jobs but even more people were looking for work, the INE found. Photo: Sebastián Astorga

    According to a report from Uruguay's National Statistics Institute (INE) released in Montevideo Wednesday, unemployment in the South American country stood at 8.4% of the economically active population in August, which represented a slight setback from July's 8.3%.

  • Wednesday, September 25th 2024 - 15:02 UTC

    Paraguay ambitious project to increase exports to UK

    Paraguay’s main exports to UK are soybean-meal cakes for animal feed, 76.8% of the total, followed by charcoal (8.2%), veneer (4%), rice (3.4%), and other products

    Mercosur partner Paraguay, with a most disfavorable trade balance with UK is planning an ambitious project to enable the country in a few years reach an export bill of some US$ 900 million annually.