The Ministry of Foreign Affairs, European Union and Cooperation highlighted the presence of 44 of the main Spanish companies operating in Mexico. For starters, BBVA stands out, which has a 40% coverage of the Mexican financial system. La Caixa and Banco Sabadell also operate in the country. The
Grupo Bimbo executed capital investment projects in 2022 for an all-time high of 1.416 billion dollars. Of this total, 85% was allocated to value chain activities, including high profitability projects, expansion/growth and business continuity in manufacturing, logistics and sustainability. The rest of the investment was allocated to optimizing
By the end of 2022, Banco Azteca, a subsidiary of Mexican conglomerate Grupo Elektra, had more than 17 million digital customers. Recently, Banco Azteca’s mobile platform has been significantly boosted in the search for greater inclusion of new generations and to facilitate the daily lives of its millions
Grupo Elektra reported that Italika, its motorcycle brand, now has more than 4,200 points of sale, including a new format called Elektra motos (36 points of sale). Thus, Italika has not only achieved a 59% share of the Mexican motorcycle market, but has also consolidated its position as
Mexico‘s new Mining Law, approved at the end of last March, establishes new regulations for granting mining concessions on a competitive basis. The following is part of its content: When an area inhabited or occupied by an indigenous or Afro-Mexican people or community, or by any other type
The Mexican Geological Service will concentrate mining exploration in Mexico, according to recent changes to the Mining Law. This new Law was approved on April 28, 2023 by the Senate, which was the reviewing Chamber after the initiative was approved on April 20 in the Chamber of Deputies.