Mexico’s Economy
Specialists forecast a 8.97% GDP fall in 2020
MEXICO – The collapse of the Mexican economy in 2020 will be 8.97% according to the average of the GDP…
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…
Mexican retailer Grupo Famsa looks for Chapter 11 protection
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
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
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
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
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
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
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
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
By Iván Iglesias Mitigating pollution and adapting to climate change are key challenges of the 21st century. At the core…
Viktor V. Koronelli
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
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
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
MEXICO – During this month, Wyndham, Iberostar and Xcaret will reopen their properties in Mexico, following sanitation protocols and new…
