WEEKLYAgencia de Noticias del Estado Mexicano

GLOBALCOMMUNICATION

February 28, 2018IN THE NEWS

COMING SOON

Record tourist arrivalsMexico - Mexico welcomed 39.3 million tourists in 2017, up almost 11 percent from the year before, Tourism Minister Enrique de la Madrid said.

During 2017, tourists spent $20 billion.

"Tourism is Mexico's most natural vocation," the minister said.

Mexico's economy to grow 2.3 percentMexico - Mexico's economy is on track to grow 2.3 percent this year, a slight improvement from last year, the Anáhuac Business Development Institute said.

The positive forecast is due to a recovery in the U.S. economy, as well as improved domestic consumption as a result of a slowdown in the country's inflation, said the Institute's director Laura Iturbide.

MEXICO GLOBAL

De La Parra debuts at London's Royal Opera HouseLondon - Mexican orchestra director Alondra de la Parra debuted at London's Royal Opera House, where she directed the music for "The Winter's Tale" ballet, based on William Shakespeare's work of the same name.

In an interview with Notimex, De La Parra said working at the Royal Opera House is a "dream come true".

Mexico backs Global Compact for MigrationUnited Nations - Mexico will back the United Nations Global Compact for Migration, said lawmaker Laura Rojas.

Congress fully supports Mexico's initiative to participate in such a vital issue for the country, Rojas said.

The compact for orderly and safe migration is set to be implemented in July this year.

Mexican films present at BerlinaleBerlin - The Mexican films presented at the Berlinale festival showed the diversity of views on Mexico, said Jorge Sánchez, CEO of the Mexican Institute of Cinematography.

Mexico participated in the festival's competition with "Museo," by Alonso Ruizpalacios and starring Gael García.

Savings in telecommunicationsMexico - Over the past three years, Mexicans have saved $6.8 billion dollars after the telecoms sector cut down phone and internet prices.

The price cuts were possible after the telecoms reform was implemented, said Gerardo Ruíz, Communications and Transport minister.

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GLOBAL MEXICO

Vocation for tourism

Foreign investment to reach $186 billionMexico - During the current administration, Mexico will receive $186 billion in foreign direct investment, with an annual average of $30 billion, said Economy Minister Ildefonso Guajardo.

"This is very good news, because it means that many projects were confirmed and are set to be completed," Guajardo said.

Nº. 181

Global investment promotionParis - Mexico's investment promotion agency, ProMexico, announced it will use this year's FIFA World Cup in Russia as a platform to promote Mexico as an investment destination.

During the World Cup, ProMexico will host a forum called "A Little Taste of Mexico," with top Mexican business leaders and a food and drink exhibition, said ProMexico CEO Paulo Carreño.

Spanish electricity investment Mexico - Spanish energy firm Iberdrola will invest $2.8 billion in Mexico between 2018 and 2022 in electricity projects.

The company will add 11,000 megawatts of production capacity to Mexico's installed 2,000 megawatts.