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  • The Tecma Group of Companies’ entities gain certification for Mexican VAT tax exemption
  • Alfa will invest US$700 million in Altamira electric plant in 2015
  • Eosol Energy will increase investments
  • Mexico manufactures 85% of pieces for the aerospace sector
  • Rassini grows capacity by 40% at their Puebla plant
  • Condumex plant inaugurated in Guanajuato
  • Aeronautics lab inaugurated in Queretaro
  • GM buys US$14 billion from suppliers established in Mexico
  • Astronaut Hernandez suggests more aerospace investment in Mexico
  • Building three hydroelectric plants, among CFE’s plans
  • Prologis in analyzing new investments
  • The Governor of Jalisco is going to Asia for more investments
  • Aerospace will open an MRO workshop in Chihuahua City
  • Exports increased by up to 300% in Queretaro Intercontinental Airport
  • DHL Express expands Hub in Queretaro with US$14.5 million
  • Automotive sector provides impulse to 3M
  • The Governor of Queretaro heads the Mexican Manufacturing Association Meeting
  • Queretaro opens to Chinese investment
  • Investment will grow in the electric sector
  • Oil companies from Houston want to establish in Monterrey
  • Mexico keeps rating as stable: Standard and Poor´s

    Mexico.- Mexico’s rating shows the government’s history of applying cautious fiscal and monetary policies, which have contributed to keeping inflation and deficit low, have pushed its economic resistance and have kept foreign debt at bay. The rating also shows Mexico’s limited fiscal flexibility and modest economic growth perspectives in the medium term. Approximately 35% of total budgetary income comes from the petroleum sector, which leaves the government in a vulnerable situation due to the volatility in oil prices, while the non-petroleum revenue basis remains low. The Mexican economy grew 3.96% in 2011 and domestic demand gained impulse, while net exports slowed down. We consider growth in 2012 will decelerate to 3%, in line with what happened upon closing last year and amidst global economic uncertainty. Therefore, we estimate growth rate will average 3.3% in coming years, which is low if compared to most of the other emerging markets. Source: Kiosco Mayor
    Source: Miscellaneous | Date: 07/05/2012