Mexico’s Economy

CRE laying off 40% of staff amid the Covid-19 pandemic

MEXICO – The Energy Regulatory Commission (CRE) recently made a massive cut which includes 40% of its staff, according to…

30 June, 2020

Mexican retailer Grupo Famsa looks for Chapter 11 protection

26 June, 2020

MEXICO – Grupo Famsa, a retail sector firm, has filed for bankruptcy protection in the United States, according to a…

Iberdrola is willing to reach an agreement with the Mexican government: AMLO

25 June, 2020

MEXICO CITY – President Andrés Manuel López Obrador (AMLO) said in a statement that the managers of the Spanish company…

Canacintra expects the loss of 19 million jobs amid Covid-19

24 June, 2020

MEXICO – Due to the absence of government stimuli during the Covid-19 pandemic, Mexico will be the country that will…

Iberdrola cancels US$1.2 power project in Mexico

24 June, 2020

TUXPAN – The Spanish company Iberdrola canceled the project to build a new combined cycle thermal power plant in Tuxpan….

Judge ordered definitive suspension to section 1 of the Maya Train

23 June, 2020

CHIAPAS –  Second District judge based in Chiapas granted the definitive suspension of the works of the Maya Train within…

AICM’s recovery could take about five years: Grupo Aeroméxico

23 June, 2020

MEXICO CITY – The Mexico City International Airport recovery (AICM) of the air traffic levels it had in 2019 will…

Jalisco forecasts the arrival of a US$400 million investment

22 June, 2020

GUADALAJARA – Despite the global economic crisis generated by the Covid-19 pandemic, Foreign Direct Investment (FDI) has not stopped reaching…

Mexico’s touristic sector could recover by 2021: Visit Mexico

17 June, 2020

MEXICO –  The touristic sector in Mexico, hit hard by the Covid-19 pandemic, could regain the sustained influx of visitors…

Mexico Challenges for ‘Clean’ Electricity

15 June, 2020

By Iván Iglesias Mitigating pollution and adapting to climate change are key challenges of the 21st century. At the core…

Viktor V. Koronelli

12 June, 2020

Russia Ambassador to Mexico Editor’s Interview What is the current situation of the bilateral relationship between Mexico and Russia? For…

Agricultural exports grow 6.4% during 20201Q

10 June, 2020

MEXICO – The Ministry of Agriculture and Rural Development (Sader) reported that between January and April 2020, exports of agricultural…

Mercado Libre to generate 1,250 new jobs in Mexico

4 June, 2020

MEXICO –  Mercado Libre announced that it will add 5,000 jobs between June and December of this year, 25% of…

Wyndham, Iberostar and Xcaret to reopen hotels in Mexico

2 June, 2020

MEXICO – During this month, Wyndham, Iberostar and Xcaret will reopen their properties in Mexico, following sanitation protocols and new…

Mexico’s GDP will drop 8% according to private sector analysts

2 June, 2020

MEXICO – Private sector analysts expect Mexico’s economy to contract 7.99% at the end of this year. The survey released…