The business climate in Chile continues to deteriorate amid the expected economic slowdown, although it should not generate significant disruptions to the development of activities, a Central Bank report showed on Friday. In its February Business Perception Report (IPN), the agency said that the companies declared that they had not carried out “significant modifications” in […]
Tag: chili
Four dead in serious forest fire that plagues central Chile
At least four people have died victims of the fire in the virulent forest fires that plague the central Chilean region of Biobío, Interior Minister Carolina Toha reported this Friday. In statements to journalists, Minister Toha indicated that two of the victims “They are people who were moving on a main road”, in a vehicle, […]
Chile wants to take advantage of the green boom to sell renewable energy
The Administration of President Gabriel Boric is increasing grants and loans to developers, but will refrain from resorting to subsidies, said the energy minister, diego brown. It will maintain some of the previous government’s energy policies, such as the approval of a storage incentive bill, but will modify policies for greater community participation and technology […]
German Chancellor seeks to secure more critical minerals on tour of South America
German Chancellor Olaf Scholz announced a new expanded commodity partnership with Chile on Sunday, during a tour of South America that Berlin hopes will help secure greater access to critical minerals key to the transition to a green economy. Europe’s biggest economy has lagged behind in the race for critical minerals partly because of dislike […]
Chilean Central Bank maintains rate at 11.25% with “high” inflation
The Central Bank of Chili reported this Thursday that it will maintain the referential interest rate at 11.25% for the second consecutive time and warned that inflation in the South American country remains high. Unanimously, the board of the issuing entity kept unchanged the so-called monetary policy rate (TPM), which rose rapidly in October to […]
Boric on complaints from Peru: “We deeply respect its institutionality”
President gabriel boric stated this Thursday that Chili respect”profoundly the institutionality of the Peru” and reaffirmed his concern for the “violation of human rights” in the demonstrations that take place in that country. The Chilean president was consulted by the local press about the inconvenience generated by his statements in the framework of the Celac […]
Chilean Senate elects and completes list of experts who will draft the new Constitution
The Chilean Senate approved this Wednesday by a large majority the list of 12 specialists that will make up the Commission of Experts to advise the constituent process, a group that together with the 12 professionals ratified yesterday by the Lower House will prepare the basic text for the new bill fundamental. With 41 votes […]
Chilean copper production growth to slow this decade: report
The production Chilean of copper it will grow at a slower pace during this decade and will also require all projects in the pipeline to come to fruition, revealed a report by state news agency Cochilco seen by Reuters. The Chilean Copper Commission (Cochilco) recognized that although the forecast production for 2033 of 6.58 million […]
Brazil seeks to promote Celac as a platform for Latin American integration
The VII Summit of Latin American and Caribbean States (CELAC) this Tuesday in Buenos Aires seeks to promote the integration of countries that are going through multiple political and economic crises, under the influence of the renewed drive of Brazil after the assumption of Luiz Inacio Lula da Silva. The meeting of this forum made […]
Exodus of wealth ruins Chile’s appeal on Wall Street
Its Milton Friedman-inspired Constitution is still intact, for now. But virtually everywhere you look, the pillars of the country’s free-market system — from private pensions and healthcare to the tax burden on big business — are under attack following the election of its most left-leaning president in decades. This is having a chilling effect on […]