The National Institute of Statistics and Geography (INEGI) has reported that Mérida is among the top five cities in Mexico experiencing the highest inflation in basic products. As of the first week of November, the cost of essential items in Mérida has increased by up to 26% in 2024, significantly impacting local consumers. Key Price […]
Yucatan Among States with Most Expensive Basic Basket in Mexico
Yucatan is one of the five states in Mexico with the highest cost for the basic basket of goods, with prices increasing by 4.56%. The National Alliance of Small Merchants (Anpec) reported that Yucatan is among the states where the prices of the basic basket have risen the most. With an inflation rate of 4.76%, […]
Mennonite Expansion in Campeche and QR: Report
The deforestation of the jungles in the Yucatán Peninsula has a major culprit in the primary sector: the Mennonite communities that, in this first quarter of the century, have monopolized lands (bought or rented) for intense and destructive agro-industrial activities, as highlighted in a special supplement of La Jornada del Campo. We recover fragments of […]
Yucatán: Leader in Job Creation and Economic Growth in Mexico
Yucatán stands out in job creation and economic growth, with more than 440,900 insured workers and a 64 percent salary increase since 2018. Yucatán shows significant economic growth, leading in formal job creation at the national level. Yucatán excels in formal job creation, economic growth above national levels, and the arrival of new investments over […]
Publication of Fiscal Benefit Guidelines for Development Hubs in Yucatán
To receive fiscal benefits, such as up to 100% ISR exemption, taxpayers must obtain a certificate issued by the SHCP through the Tax Revenue Policy Unit, following a favorable opinion from the competent state authority. The Ministry of Finance and Public Credit (SHCP) has published the guidelines for fiscal benefits for companies investing in development […]
Mérida “is an expensive city”: Urgent need to address economic challenges
The City Council has little influence on economic matters, but according to economist Gabriel Rodríguez Cedillo, an academic at the Faculty of Economics at Uady, it is time to specialize in addressing the city’s purely economic aspect and think about sustainable growth. In the first installment of a series on expectations in different areas of […]
Mauricio Vila leaves pending projects in Yucatán
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 […]