Economy

• Friday, May 28th 2021 - 09:31 UTC

  Argentina: Bans on layoffs extended for 30 days

  

  The Argentine Government of Alberto Fernández Thursday decided to extend a ban on layoffs for another 30 days so that workers who were affected by the recent full-scale quarantine decreed de the President does not result in workers losing their jobs, it was announced.

• Friday, May 28th 2021 - 09:00 UTC

  Ban on flights to, from and through Belarus change map of Europe's commercial aviation

  

  The Russian government Thursday banned at least two European flights from landing in Moscow because they intended to avoid Belarusian airspace as per the European Union's advise, it was reported.

• Thursday, May 27th 2021 - 09:50 UTC

  Spain eyes Latin America and Mercosur for its new international economy strategy

  

  Spanish Prime Minister Pedro Sánchez Wednesday said his country intends to have a greater presence in Latin American markets and for that it is willing to invest more than 4,5 billion euros (almost US $ 5,5 billion).

• Wednesday, May 26th 2021 - 08:55 UTC

  Covid-19 deals 10-year setback to Latin America income levels, IMF top official says

  

  The International Monetary Fund (IMF)'s Director of the Western Hemisphere Department Alejandro Werner has said that the current coronavirus pandemic will result in a 10-year setback to the income levels of the region.

• Wednesday, May 26th 2021 - 08:30 UTC

  Bolivia's economy grows 5.3% in between January and April 2021

  

  Economic activity in Bolivia has grown 5.3% from January to April 2021, according to The Global Index of Economic Activity (IGAE), Economy Minister Marcelo Montenegro announced Tuesday.

• Friday, May 21st 2021 - 23:07 UTC

  Leading EU corporations reaffirm their commitment to combat deforestation

  

  Leading European multinationals from the food industry, involved in the production of food, cosmetics, consumer and luxury goods are calling for tougher EU measures to combat deforestation in their respective supply chains.

• Thursday, May 20th 2021 - 09:32 UTC

  Brazil wants Mercosur to agree on a 20% reduction of the Common External Tariff

  

  Brazil is determined that Mercosur's Common External Tariff, TEC, be reduced by 20% in two rounds of unilateral cuts, 10% immediately, and the other 10% in December. This is the official strategy and position of Brazil for the extraordinary meeting in June of the four founding members of the group, in Buenos Aires, underlined Lucas Ferraz, foreign trade secretary of the Brazilian Ministry of the economy.

• Thursday, May 20th 2021 - 08:51 UTC

  Gibraltar message to the cruise industry, “we're back in business”

  

  Gibraltar is ready to welcome back cruise ships, their passengers, and their crew. The Port of Gibraltar and the Gibraltar Tourist Board have continued to work proactively during this pandemic to support the cruise industry.

• Wednesday, May 19th 2021 - 09:45 UTC

  Argentine meat processing plant closes after ban on exports: agri-food producers go on strike

  

  The Rafaela Alimentos meat processing plant in Casilda in the province of Santa Fe Tuesday closed down temporarily in response to the ban on exports decreed by the Argentine Government of President Alberto Fernández. The company employs 650 workers.

• Wednesday, May 19th 2021 - 09:32 UTC

  Brazil's GDP projected yet again to grow despite covid-19 crisis

  

  Brazil's Gross Domestic Product (GDP) forecast for the year 2021 has been raised from 3.2 to 3.5%, the Ministry of Economy reported Monday, while the inflation prediction also went up from 5.06 to 5.15%.