Mexico’s banking system has enjoyed two decades of growth and stability. Operating with comparatively high capital reserve levels, Mexico has a stable and profitable banking system. In the period from 2010 to 2014, the financial system as a whole grew at an average annual rate of 10%. As of March 2015 total assets in the commercial banking system stood at $541.8bn, with 45 active banks. The industry…
With a GDP of $1.26trn, Mexico is the second-largest economy in Latin America after Brazil and one of the most liberalised in the region. Though economic growth has been slow, ranging from 2% to 3% during much of the past decade, a series of reforms introduced by the government of Enrique Peña Nieto are expected to accelerate the pace of economic development in the medium term. While initial investor…
Since coming to power in December 2012, the government of President Enrique Peña Nieto has overseen the introduction of a series of sweeping reforms aimed at boosting the country’s economic competitiveness and attracting investment. Under the reform agenda, the energy sector was opened to private investment, while asymmetric laws were introduced in the telecommunications sector to increase competition.…
Language Spanish is the official language and is spoken throughout the country. However, there are as many as 62 dialects, the most widely spoken being Nahuatl, Maya and Mixteco. Though English is spoken in many places, especially among government officials and high-ranking executives, it is advisable to learn some basic Spanish before arrival. Etiquette A handshake for men and one kiss on the cheek…
Language Spanish is the official language and is spoken throughout the country. However, there are as many as 62 dialects, the most widely spoken being Nahuatl, Maya and Mixteco. Though English is spoken in many places, especially among government officials and high-ranking executives, it is advisable to learn some basic Spanish before arrival. Etiquette A handshake for men and one kiss on the cheek…
FOUR SEASONS HOTEL MEXICO CITY Ave. Paseo de la Reforma 500 Col. Juárez, México D.F. 06600 T: +52 (55) 5230 1818 F: +52 (55) 5230 1808 reservations.mex@fourseasons.com www.fourseasons.com/mexico Rooms: 240 rooms including 40 suites, most of which face the central courtyard. All guest rooms feature LCD TVs, DVD players and i-Home docking stations, marble bathrooms with tub and separate shower. Business…
The swirling line for the ticket office is full of parents taking their young kids for a night out. The boys, about 12 or 13 years old, wear t-shirts celebrating their favourite luchadores (wrestlers). Flying high or power-posing, the images of masked men with enigmatic names: Hombre-Bala Jr (Bullet Man Jr), Nosferatu, Shocker. There is even one child wearing a t-shirt with the image of El Santo (The…
In English La educación promete seguir siendo un punto focal de la agenda del gobierno mexicano, con el nombramiento de un nuevo secretario de Educación a fines de agosto y reformas sectoriales destacadas en el discurso de la cuenta pública del Presidente Enrique Peña Nieto a fines de septiembre. Con una combinación de políticas de centralización y descentralización, las nuevas reformas…
In English Una recuperación podría estar en el horizonte para la industria minera de México tras mostrar las primeras señales de crecimiento en dos años, creando esperanzas de un repunte cíclico y una renovada inversión. La producción minera creció 2,6% interanual en los primeros cuatro meses de 2015, a 66,7 mil millones de pesos (USD 3,9 mil millones), según el Instituto Nacional de…
In English Un proyecto de 169 mil millones de pesos mexicanos (USD 10,4 mil millones) para construir un nuevo aeropuerto internacional en Ciudad de México está a punto de despegar, después de que el gobierno anunciara que espera avances en el segundo semestre de este año. El aeropuerto es el más importante de una serie de proyectos de gran envergadura diseñados para mejorar las deficiencias…
