Wed02222012

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The Four Horsemen of the presidential election

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By Luisa Marquez

With the appointment of Gabriel Quadri on Wednesday as the New Alliance Party (PANAL in Spanish) candidate the quarter running the contend, from 30 March, for President of Mexico is configured.

The electoral ban decreed by the Federal Electoral Institute (IFE), from Thursday 16 February and for 44 days, will  serve Quadri to raise his strategy, structure their plan of government and define who will accompany him along the way.

Mexico will meet in advance with Basel III

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By Robert Damon

The Mexican banking system has sufficient strength and reliability to meet even before the official deadline, with the new capital requirements, better known as Basel III.

The Vice President of Regulatory Policy of the National Banking and Securities Commission (CNBV), Carlos Serrano, said the goal is that Mexican banks implement the new regulations from the second half of 2012, ie 2.6 years ahead of schedule of the Committee on Banking Supervision.

EU endorses Mexican company as Certifier

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By Tony Paul

The firm Certimex obtained approval from the European Union to inspect organic products from Mexican companies seeking to export to Europe.

The firm Certimex obtained approval from the European Union (EU) of official certification, so that it became the first in Mexico to inspect organic products companies in this country who want to export to Europe.

Proméxico director for Germany and for central and eastern Europe, Erwin Feldhaus said that there are very few who get that endorsement certification by the EU.

Of 74 that occurred in recent years, only 30 were approved, scored Feldhaus, who participates in the international trade fair BioFach, the largest exhibition of organic products in the world, which takes place in the German city of Nuremberg.

The Mexican Certifier of Products and Ecological Processes (Certimex) is the first and only Mexican company in its sector approved and registered by the EU.

The guarantee was called Document Approval and Membership List of the European Union Certification for Import of Organic Products.

The representative of Certimex in Biofach, Taurino Reyes, who received the news in Nuremberg, told local media that receiving the official document recorded that the Mexican firm meets the requirements imposed by the EU for this work.

Certimex may certify that certain products worked by Mexican companies meet the requirements for sale in all 27 EU member countries, said Reyes.

The EU took two years to evaluate Certimex, headquartered in Oaxaca (southern Mexico), has 50 employees and is represented in 10 Mexican states.

Now that this procedure can be done in Mexico, Certimex may conduct product inspection and producers as well, and saving cost and time for Mexican companies will be very significant, said Reyes.

He commented that the product that is certified the most by the firm in Mexico is organic coffee. They also have among its clients companies producing mangoes, agave syrup, honey, avocado, organic mezcal, rum, sugar cane and 50 other products.

Love: a sound business

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By Lara Holmes

February 14 will leave an economic impact of 900 million pesos to Mexico.

The celebration of February 14 will create an economic impact to the country of nearly 900 million pesos, according to a study by the Chamber of Commerce, Services and Small Tourism  in Mexico City (CANACOPE). According to the analysis, for small traders and MSMEs the day is a formal commemoration of love and friendship that will generate 234 million pesos.

The survey reveals that 61% of those who spend more on this date will be women, followed by men with 39%.

Industrial production in Mexico increased 3.8% in 2011

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By Lara Holmes

The increase was driven by the upturn in the sector of electricity, water and gas pipeline supply to the end consumer of 5.5%.

Industrial production in Mexico increased 3.8% in real terms in 2011 compared to last year, when it advanced 6.1%, according to the National Institute of Statistics and Geography (INEGI).

PAN: urges to curb and regulate state debt

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By Lara Holmes

The chairman of the board of the Senate, Jose Gonzalez Morfin said it is urgent to curb and regulate the debt of the states. Since according to the Ministry of Finance and Public Credit (SCHP for its name in Spanish), at the end of 2011 entities owed 390.777 million pesos, an annual growth rate of 24.1%.

The country, he said, is in an economic situation that allows it to be a magnet for investment, as our financial reserves are strong, maintaining a growth above European countries and Brazil, the peso is stable and the Inflation is going down.

Brazil calls for balancing trade with Mexico

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By Lara Holmes

Brazil sought trade balance with Mexico, but its approach comes after 13 consecutive years of having obtained a surplus in bilateral trade for a cumulative total of 27.151 million dollars.

From 1998 to 2010, Brazil recorded trade surpluses with Mexico and it was not until the period January to November 2011, latest available data, when this trend was reversed, with a balance of $129 million on the Mexican side.

 

 

For the first time a woman takes the PAN ballot

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By Lara Holmes

The official announcement was made in the main auditorium of the PAN's national headquarters and after a meeting with the President of the Republic.

Miranda Arroyo and Creel Cordero accompanied the pianist and raised their hands, acknowledging their defeat.

 

There will be an extensionfor Mexicana Airlines, still in review process

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By Lara Holmes

The Ministry of Communications and Transportation (SCT) held two meetings with investors from Med Atlantic, interested in capitalizing on Mexicana Airlines, pending the process of collecting the check for 300 million dollars, which would grant a further extension to bankruptcy, scheduled for next Friday.

After the meeting last Friday, Judge Felipe Consuelo, reported that it will progress in parallel to verify the operational capabilities, technical and legal of Med Atlantic, in order to speed up the authority issuing the AOC.

 

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