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Mexican industrial firms, led by the National Manufacturing Industry Chamber (Canacintra) and the Industrial Chambers Confederation (Concamin), are urging financial institutions to provide small and medium-sized enterprises (SMEs) with access to loans under more favorable conditions. Despite growth in consumer loans, mortgages, and credit for automobiles, SMEs are struggling to
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The Mexican government has introduced subsidies for agricultural diesel, a move that will benefit over 42,000 farmers in Jalisco state. The program is designed to support producers who have already received their electronic cards, which entitle them to discounts on diesel prices at service stations. The subsidy is aimed
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President Vicente Fox has announced a significant reduction in poverty in Mexico, estimating that an additional 15% of families have been lifted out of poverty since the opportunities created by the government were taken advantage of by the public. This impressive achievement is based on a study covering the period
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President Vicente Fox of Mexico has announced that he expects the country's economy to grow by more than 4% in the current year, which will be accompanied by the lowest inflation rate in decades. According to Fox, this growth is a result of the efforts of the Bank
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Mexico's next government is likely to face significant challenges due to the country's weak leadership under President Vicente Fox and internal friction within the political parties. According to the Economist Intelligence Unit (EIU), Fox's presidency has been marked by a "clear failure"
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The Supreme Court of Mexico has decided to increase the amount of frozen funds in the national budget, further escalating the constitutional controversy between the government of President Vicente Fox and the Chamber of Deputies. This decision affects 6.5 billion pesos (approximately $587 million), which will remain suspended until
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Following a period of nearly eight years on the Mexican blacklist, Panama will be removed from the list of countries considered to be tax havens. This decision is a result of reforms to Mexico's Income Tax, which will now focus on individual taxpayers, rather than countries with preferential
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Mexico's Institute of Finance Executives (IMEF) has insisted that a tax reform is essential to increase the country's low tax revenues, which stand at under 12% of GDP, making it less competitive than its main commercial partners. The IMEF has forecast that the country's
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In a bid to strengthen its presence in the Mexican market, the Spanish firm Iberdrola has announced plans to invest a substantial $1.75 billion in the country's electricity generation sector. The investment, which will be channelled into the construction of new power plants, is a testament to
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President Vicente Fox of Mexico is set to strengthen ties with Spain by traveling to Madrid on February 7 with a delegation of top businesspeople and officials from Mexico's local chambers and associations. Fox plans to meet with the Presidents of large companies, announce new electricity generation auctions,
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President Vicente Fox has confirmed that Mexico has a guaranteed electricity supply until 2010, with a growing demand expected in the next decade. Fox pointed to the El Cajon hydroelectric power station as an example of innovative private investment in power generation. The president also highlighted significant progress in increasing
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The Mexican economy experienced a significant boom in 2004, with a growth rate exceeding 4%, according to President Vicente Fox. The growth was driven by increasing investment and manufacturing activity, with exports playing a crucial role in stimulus growth. Fox attributed the country's success to the efforts of
