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MercoPress, en Español

Montevideo, September 21st 2024 - 09:15 UTC

Economy

  • Thursday, July 11th 2024 - 21:40 UTC

    Uruguay faces persistent fiscal deficit: Levels match end of previous administration

    The Ministry of Economy, led by Azucena Arbeleche (right), has explained that the unexpected drop in inflation, which ended 2023 at 5.1%, impacted fiscal revenues, particularly VAT collection

    The fiscal deficit in Uruguay has reached levels comparable to those at the end of the previous leftist Frente Amplio's administration, posing a significant challenge to the current government a few months before the next elections. The latest data, adjusted for extraordinary factors such as the pandemic, indicates that the consolidated fiscal deficit stands at 4.4% of GDP, mirroring the 2019 figures.

  • Thursday, July 11th 2024 - 19:17 UTC

    Buenos Aires the best city in the region, The Economist finds

    Founded in 1580, the Argentine capital topped the list for the third consecutive year

    Buenos Aires was once again picked by The Economist as the most liveable city in South America according to the outlet's usual scale measuring environmental, cultural, and infrastructural issues in addition to stability and medical care. The Argentine capital topped the list for the third year in a row, standing out for its highly regarded UBA (University of Buenos Aires) among other perks.

  • Wednesday, July 10th 2024 - 21:32 UTC

    Paraguay making across-the-border shopping easier

    We want more foreigners coming to buy in Paraguay, Orué explained

    Paraguayan authorities enacted a mechanism whereby foreign shoppers, particularly those living in Argentine across-the-border twin cities, would benefit from tax deductions and other advantages, it was announced this week.

  • Wednesday, July 10th 2024 - 20:31 UTC

    Brazil: Some retail prices show sharp increases in June

    Fewer public holidays in June drove airline ticket prices down, an IBGE expert explained

    June's inflation in Brazil recorded a sharp increase due to significant adjustments in the retail price of potatoes (14.9%) and long-lasting milk (7.43%) among other items, Agencia Brasil reported Wednesday citing the latest Broad National Consumer Price Index (IPCA) released by the Brazilian Institute of Geography and Statistics (IBGE).

  • Tuesday, July 9th 2024 - 10:08 UTC

    Unfair taxation in LatAm and Caribbean hits the poorest harder

    Taxes on large fortunes in the region could generate additional revenue for the region as a whole of up to US$ 264 billion, Oxfam believes

    A study released last week by Oxfam, a global movement seeking to end the injustice of poverty, found that the two wealthiest men in Latin America and the Caribbean owned more than 334 million others in the region.

  • Monday, July 8th 2024 - 14:07 UTC

    Brazil breaks animal protein export record in first half of 2024

    The top importers of Brazilian beef were: China with 565,654 tons worth US$2.5 billion and United Arab Emirates with 95,000 tons, amounting to US$435 million.

    Brazil establishes new beef export record in the first half of this year, having shipped 1,29 million tons of animal protein, which represents a 27% over the same period in 2023, with 1.019 million tons. Revenues was up 17%, to US$ 5,69 billion.

  • Saturday, July 6th 2024 - 10:25 UTC

    Argentines fairing worse off under Milei, study finds

    Having a job does not mean getting out of poverty in Argentina

    Studies published this week corroborate that Argentines are fairing worse off under President Javier Milei, with people sinking into poverty despite having formal jobs which showed in a dwindling consumption of red meat, among other items, in a country that used to top the world's lists.

  • Friday, July 5th 2024 - 19:16 UTC

    Lula visit announced to Mercosur's newest full member Bolivia

    “There are many issues that we have to take forward,” Alcón explained

    Bolivia's Deputy Communications Minister Gabriela Alcón announced Friday that Brazilian President Luiz Inácio Lula da Silva would be arriving in Santa Cruz de la Sierra next Monday for meetings with local authorities and businessmen. It will be the first visit of a foreign head of state since Bolivia's full Southern Common Market membership President Luis Arce Catacora signed into law this week.

  • Friday, July 5th 2024 - 10:33 UTC

    Milei creates Ministry of Deregulation and Transformation of the State

    Presidential Advisor Sturzenegger has been chosen for the new position

    The Government of Argentina announced Thursday the creation of a Ministry of Deregulation and Transformation of the State to be headed by Economist and former Central Bank (BCRA) President Federico Sturzenegger, who will be sworn in Friday.

  • Wednesday, July 3rd 2024 - 22:58 UTC

    Falklands, Treasury drop-in sessions on withdrawing 1p and 2p coins

    Falklands, Treasury drop-in sessions on withdrawing 1p and 2p coins

    The Falkland Islands Treasury is holding information drop-in sessions on the withdrawal of one penny and two pennies coins and the recommended system of rounding.