Mercosur

• Wednesday, December 30th 2015 - 02:24 UTC

  Russian polar vessel and helicopters will supply Argentine Antarctica bases

  

  For the eighth season, Argentina's Antarctic bases and stations are to be supplied by the Russian polar vessel Vasily Golovnin from Arkadia Ltd. This has been going on since 2007 when the Argentine flagship ice-breaker Almirante Irizar caught fire in the high seas and is still in repairs waiting for the necessary funds.

• Wednesday, December 30th 2015 - 00:51 UTC

  Dismal prospects for Brazilian economy in 2016, according to Central bank and budget deficit

  

  Analysts expect Brazil's economy to contract by 2.81% in 2016 after contracting by 3.70% this year, marking the biggest drop in economic output in 25 years, the Central Bank said on Monday. Economists are forecasting an inflation rate of 10.72% this year, the highest rate in 13 years, and 6.86% in 2016. The estimates seem to be supported by the latest numbers referred to the budget deficit.

• Wednesday, December 30th 2015 - 00:46 UTC

  Petrobras corruption 'net' involves Norwegian companies, claim Oslo media

  

  The huge corruption case swirling around Brazilian oil company Petrobras is being called the world’s largest, and increasing numbers of Norwegian companies seem to be getting tangled up in it. Norwegian bosses mostly claim no knowledge of any bribes being paid, but investigations are underway on several fronts.

• Tuesday, December 29th 2015 - 21:54 UTC

  Environmental groups blame massive deforestation for floods in Mercosur members

  

  Deforestation is one of the main causes of the floods in South America that have left at least 160,000 people, 25,000 of them in Argentina alone, homeless, environmental groups said.

• Monday, December 28th 2015 - 07:46 UTC

  Tierra del Fuego applauds end of dollar clamp in Argentina but cautions about domestic and Mercosur tourists

  

  Tierra del Fuego tourism industry praised the Argentine government's decisions to end the dollar clamp and make more transparent the foreign money exchange because “this will make the country, and Tierra del Fuego, highly competitive internationally”. However they also cautioned that consideration must be given to domestic and regional tourists which make up almost 45% of the number of the people visiting the extreme south of Argentina.

• Wednesday, December 23rd 2015 - 09:17 UTC

  Macri's priorities: Mercosur, trade agreement with EU and the Pacific Alliance

  

  Argentine president Mauricio Macri pledged full support for Mercosur which he defined as a 'long term strategic project', called for a quick trade agreement with the European Union and closer ties with 'our partners from the Pacific Alliance'.

• Wednesday, December 23rd 2015 - 08:02 UTC

  Argentina's Falklands' claim and rejection of oil activities reiterated at the 'new' Mercosur summit

  

  Mercosur full and associate members ended their Paraguay summit signing six joint statements, one of which in support of Argentina's sovereignty claim over the Falklands/Malvinas Islands and rejecting 'non authorized' hydrocarbons exploration in the Argentine continental shelf. This is the first regional document related to the Falkland Islands Argentine claim since Mauricio Macri took office last 10 December.

• Tuesday, December 22nd 2015 - 15:37 UTC

  Strong exchange on human rights between Macri and Maduro's representative

  

  At a summit marked by strong differences between Argentina and Venezuela, Mercosur signed a statement in defense of the “unrestricted support of human rights”. Earlier in the day there was a serious exchange between Argentine president Mauricio Macri who demanded all political prisoners in Venezuela be set free, and president Nicolas Maduro foreign minister who replied that Macri was 'meddling' in Venezuela's affairs and was applying a 'double standard' on the issue.

• Tuesday, December 22nd 2015 - 15:29 UTC

  Chile calls for a South American convergence; pledges to bring together Mercosur and Pacific Alliance

  

  Chilean president Michelle Bachelet called for “a convergence among governments” of South America despite the “political and ideological differences”, and anticipated that Chile will strongly promote the rapprochement between Mercosur and the Pacific Alliance.

• Tuesday, December 22nd 2015 - 14:31 UTC

  Brazil welcomes and supports Macri's policies regarding the dollar and trade

  

  The Brazilian government has welcomed Argentina's realistic foreign exchange policy unifying the Argentine peso exchange rate, saying the latest economic measures taken by the Mauricio Macri administration will be “very positive” for the commercial relationship between the two countries.