Mercosur

• Friday, July 23rd 2021 - 09:16 UTC

  Yacyretá's electricity output severely hit by Paraná river downspout

  

  The historical downspout of the Paraná River has led Yacyretá, Argentina's biggest hydroelectric plant, to work at around 50% of its normal capacity, which has a direct impact on supply to the electrical system.

• Tuesday, July 20th 2021 - 09:39 UTC

  Forgotten Latin America; EU can ill afford to ignore its strategic importance

  

  By Ana Palacio (*) – The EU well knows that when it comes to expanding its influence within a country or region, China plays the long game. But China is also adept at identifying opportunities to make rapid progress, and Latin America’s escalating crises represent a golden one.

• Tuesday, July 20th 2021 - 09:05 UTC

  Argentina and Bolivia have bills in Parliament to boost transitioning to e-cars

  

  Just as the European Commission sent a bill last week to the European Parliament regarding electric vehicles, the Governments of Argentina and Bolivia are also taking similar paths.

• Wednesday, July 14th 2021 - 09:00 UTC

  Uruguay central bank leaves reference rate unchanged waiting for stronger recovery signals

  

  The Uruguayan central bank is waiting for stronger signals of economic recovery before altering the current monetary policy, according to a release from the Monetary Policy Committee, Copom. In its third 2021 meeting, at the end of June, it ratified the current reference interest rate of 4,5% and anticipated it will wait for improved indicators from the pandemic battered economy.

• Tuesday, July 13th 2021 - 09:44 UTC

  Nine more cases of Delta variant detected in Argentina, all of them were travellers from abroad

  

  Argentine authorities have confirmed the detection of nine more cases of the coronavirus Delta variant, the Health Ministry announced Monday through a statement.

• Tuesday, July 13th 2021 - 09:00 UTC

  Latam expected to grow 5,2% this year but 2,9% in 2022: structural problems remain, ECLAC report

  

  The Economic Commission for Latin America and the Caribbean (ECLAC) raised its average growth estimate for the region in 2021 to 5.2%, reflecting a rebound from the deep contraction of 6.8% registered in 2020 as a consequence of the adverse effects of the COVID-19 pandemic.

• Friday, July 9th 2021 - 09:55 UTC

  Uruguay insists it has no intention of infringing Mercosur rules, just increasing trade opportunities

  

  The Mercosur trade block, now under the chair of Brazil for the next six months, will be facing one of its most significant potential disruption challenges after the virtual summit with the presidents of the four founding members openly exposing their differences, despite a limited coverage of the event.

• Thursday, July 8th 2021 - 09:58 UTC

  Uruguay swears allegiance to Mercosur, but will negotiate independently with third countries

  

  On the eve of Thursday's Mercosur summit, Uruguay informed its partners that it will proceed with negotiations, expecting to reach trade agreements with third parties or blocks, outside of the four founding members group.

• Tuesday, July 6th 2021 - 09:56 UTC

  Migrations Chief admits Argentine borders with neighboring countries may reopen soon, depending on vaccination rate

  

  Argentina's Migrations Director Florencia Carignano Monday said reopening borders with neighbouring countries was under consideration for when vaccination has reached a larger number of people.

• Tuesday, July 6th 2021 - 09:55 UTC

  Uruguay's yearly inflation set at 7.33% after Monday's figures

  

  Uruguay's yearly Consumer Price Index (CPI) was 7.33% as per data released Monday by the National Institute of Statistics (INE), slightly above the government's target.