The administration of Governor Mauricio Vila Dosal leaves in the investment portfolio 28 projects from companies, mainly foreign, interested in establishing their plants in Yucatán, reported the Secretary of Economic Development and Labor, Ernesto Herrera Novelo. In an interview at the deep-water port, where he participated in the presentation of the construction of the Diques […]
Diaz Mena’s Plan: Boosting Progreso with Cruise Ships
Joaquin Diaz Mena, the incoming governor of Yucatan, has expressed his intention to boost tourism in Progreso by attracting cruise ships to the port. In a recent Facebook and TikTok Live session on August 19, 2024, he revealed that he met with executives from Carnival Corporation in Mérida, Yucatán, whose operations are based in the […]
Yucatán Ranks in the Top 5 for Employment Rate in the Country
As of June, Yucatán achieved an employment rate of 98.3%, moving from fifth place to third among states with the best employment index. According to the results from the National Survey of Occupation and Employment (ENOE) conducted by the National Institute of Statistics and Geography (INEGI), Yucatán maintained the same employment rate as the previous […]
Record-Breaking Summer in Progreso: Economic Impact Surpasses Expectations
As the sweltering summer heat beckons tourists to cool off in the sea, the town of Progreso has seen a surge in tourism, exceeding expectations and setting a new record for economic impact. According to Manuel Contreras Alcalá, president of Canaco Servytur, revenues have already surpassed 500 million pesos, with initial estimates suggesting 530 million […]
Mérida is the most expensive city in southern Mexico to buy the basic basket
At the Walmart located in the Montejo area it is the most expensive of all the southeastern country. The Federal Consumer Prosecutor’s Office (PROFECO) in its report on who are the prices, aired supermarkets in Mérida, Yucatán and Cancun in Quintana Roo, as part of the most expensive sites to buy the basic basket. According […]
Yucatán Maintains 46% of Touristic Activity During Summer
The most popular destinations for international, national, and local tourists are Mérida, Chichén Itzá, Izamal, and Valladolid. According to the Mexican Hotel Association of Yucatán (AMHY), the summer vacation period in Yucatán reported a slight decline of 4% compared to last year. However, there are cities and archaeological sites that receive the most visitors, with […]
Restaurant Closures in Valladolid due to Sales Drop
Around 70% of restaurant sales have decreased compared to the peak tourist years of 2022 and 2023, according to Juan Pablo Correa Ceballos, president of the Association of Restaurants in Valladolid Yucatán (ARVAY). This situation has led to a reduction of employment by up to 50%. Carlos Guillermo Aguirre Aguilar, president of the Association of […]
The productive sector in Yucatán shows little growth in the first half of 2024.
According to CANACO, the first semester of 2024 does not show significant economic growth or consumption of goods. Only the real estate and construction industries are doing well, while other sectors reported similar operations to 2023, with a smaller percentage saying they are better off and another smaller percentage reporting that their sales are poor. […]
Yucatán’s Public Debt and Breakdown
Yucatán has a public debt of $10,842 million 734 thousand pesos, although the Ministry of Administration and Finance (SAF) officially states that as of June 30, 2024, it is $7,472.802 million. However, in its own report published today in the Official Gazette of the Yucatecan government, SAF informs that the figure of $7,472 million does […]
Finland is interested in investing in Yucatán.
The Finnish Ambassador to Mexico, Ari Mäki, expressed the desire of his country’s government to strengthen the bilateral relationship with Yucatán. The Secretary General of Government (SGG), María Fritz Sierra, received the Finnish diplomat at the State Executive Office, where he held his first official visit to Yucatán since assuming his position in September 2023. […]