Economy

Monday, June 7th 2021 - 08:39 UTC
World Bank loan for the sewage system of Buenos Aires City

The World Bank Board of Directors approved a US$ 265 million loan to continue infrastructure works in the Matanza-Riachuelo Basin which borders Buenos Aires City. The works will improve the wastewater system, which has become an open cyst pool, by reducing organic pollution of the river by 80%.
Saturday, June 5th 2021 - 09:47 UTC
Uruguayan ministers travel to Paraguay to discuss flexibilization of Mercosur

Uruguay's Economy Minister Azucena Arbeleche and Foreign Minister Francisco Bustillo travelled to Paraguay Friday to discuss with the local administration of President Mario Abdo Benítez new steps towards flexibilities Mercosur's rules.
Saturday, June 5th 2021 - 08:57 UTC
Latin America unemployment in 2021 forecast at 11.1%, according to ILO

The International Labor Organization (ILO) Friday issued a report according to which 28 million Latin Americans are in a situation of working poverty due to the pandemic, for an overall unemployment rate of 11.1% in the region for the year 2021.
Friday, June 4th 2021 - 09:55 UTC
Lacalle Pou wants Uruguay to compete in an unprotected foreign trade scenario

Uruguayan President Luis Lacalle Pou said Thursday during the virtual Export Day celebrations that “we like to play on a large court, and not on a small, protected one.”
Thursday, June 3rd 2021 - 08:45 UTC
Argentine Customs takes measures against under-invoicing exporters

The Argentine Customs Bureau (DGA) has set new criteria for the selection of potential cases of under-invoicing. The new controls will be carried out once the goods have been released to leave the country, it was announced.
Thursday, June 3rd 2021 - 08:28 UTC
Brazil excels at agrifood production and exports, study reveals

A study released Wednesday by the Brazilian Agricultural Research Company (Embrapa) of the national Ministry of Agriculture, Livestock and Supply showed the country was the world's fourth-largest grain producers in the world, it was announced.
Thursday, June 3rd 2021 - 08:15 UTC
UN pessimistic report on jobs until at least 2023: 220 million forecast to be unemployed this year

Global job growth will not recover to pre-pandemic levels until 2023 according to a report published by the UN's International Labor Organization (ILO) on Wednesday. The World Economic and Social Outlook report for 2021 projects that at least 220 million people were expected to be left unemployed this year, with only a slight improvement predicted for next year.
Thursday, June 3rd 2021 - 08:00 UTC
EU reaches deal on tougher tax transparency for multinationals: some US$ 150 billion at stake

European Union member states and lawmakers reached a deal on tougher tax transparency measures for multinationals. The proposal comes amid increased international pressure on the issue of multinationals and tax avoidance, not least since the change of leadership in the US where many of the biggest companies are based.
Wednesday, June 2nd 2021 - 08:57 UTC
Argentina's trade with Brazil at its highest since 2018

A report released Tuesday showed that Argentina's trade with neighbour Brazil has reached its highest level since 2018, exports reaching US $ 4.2 billion until May, 33% better than in the first five months of last year, but 6% lower than the same period of 2019.
Wednesday, June 2nd 2021 - 08:42 UTC
Paraguay reports new customs surplus but health authorities need more money to face the pandemic

Revenues for May at Paraguay's Customs Directorate (DNA) were estimated at around US $ 132 million, which represents its fourth consecutive month of surplus so far this year, it was reported.