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Pacheco, Hidalgo. May 28.-The Government of the State of Hidalgo not put a penny more to the new refinery project Bicentennial, proposed by the state-owned company Petroleum Mexicans for the city of Tulsa, said State Chief Executive, Miguel Osorio Chon.

After leading the ceremony for the Lifetime Achievement Award for Artistic Merit and 2010, which awarded a medal, diploma and economic stimulus to the sculptor Manuel Fuentes Estrada Hidalgo defined the ruler and the administration’s position to maintain order around the draft refining.

“Yesterday I spoke with the Director of PEMEX and told me that if we were ready to reach an agreement with the National Institute of Anthropology and History and an investigation is made,” he added.

The state ruler said that in that regard has responded to the holder of the parasitical, which would be seen to be noted that the idea is to provide economic resources of the entity, then the version of that proposed section the construction of the refinery Bicentennial archaeological remains were discovered.

“I will not get a penny more. Remember that the sites were presented and validated by them and then today can no longer ask anything to the State of Hidalgo, said the State Chief Executive.
He stressed that for this reason will have to start the refinery and build for Hidalgo.

Asked about the report that under the polygon chosen for the erection of new oil refining plant prehistoric settlements have been discovered, Osorio Chon said it appears that this is the element that place.

“But I would not have to be the subject of discussion. There was a commitment. They walked; they defined and now have to comply. It cannot be seeking this kind of issues for defaulting on a commitment, “concluded the state official.

The Index of Consumer Prices Harmonized (HICP) in Spain in May stood at the annual rate at 1.8%, two tenths more than the previous month, according to data developed by the National Statistics Institute (INE), which indicated that this behavior include the declining prices of the package and keeping prices of food and nonalcoholic beverages.

This rate of 1.8% is the highest since November 2008, when the HICP stood at 2.4%. With the rise in May, the HICP chained his third consecutive rally after gaining six tenths in March and April.

In May, as seven consecutive months in which this indicator is in positive rates after a run of eight months in negative.

Specifically, the HICP came first negative in March 2009 and reached its record low in July, with a rate of -1.4%. Since August last year, the indicator eased his fall below 1% and in October recorded its last rate so far negative (-0.6%).

To match the April CPI data harmonized with the general inflation rate, something that usually happens up or down-tenth, inflation also would record its highest rate since November 2008 (2.4%).

The Government believes that inflation has been normalized positive rates, although “light” and has predicted further increases in the CPI in the coming months.

He also believes that these increases should be increased by improving demand. Already in the fourth quarter of last year, we began to see some recovery in private demand and consumption, a trend that, according to the Government, remained in the first quarter of 2010.

For its part, the Foundation of Savings Banks (Funk) thought that inflationary pressures are still “very weak”, as evidenced by the rate of inflation is at minimum or even negative.

In fact, in April, core inflation stood at 0.1% for the first time since he began to develop an index in August 1986. However, the Government considers that this is a “point” and that the underlying returns to positive territory.

Venezuela’s government imposed a drastic currency market tourniquet to stop the parallel exchange rate, but in a country, heavily dependent on imports could measure economy already infected gangrene by recession, inflation and shortages.

The so-called swap market, where bonds be exchanged for dollars in brokerage firms and brokerage houses, was closed on 17 and be replaced by a banded system established and administered by the Central Bank of Venezuela (BCV), which will begin operating in the first or second week of June.

“It is imposing a police out an economic problem that does not solve anything,” said economist Edward Semite IPS, commenting on the raid and closing of two dozen securities firms under the general accusation of speculation and money laundering by leftist President Hugo Chavez.

While the swap market is closed, the demand for dollars will be meager satisfied only by the Administrative Commission of Foreign Exchange (Cadaver), which grants U.S. currency in the regulated market and that in 2009 only covered 65 percent of the 38.4 thousand million dollars of imports . Alternatively, the black market.

In Venezuela, governed since 2003, a tight control of changes, which in January 2009 when all information was tightened on the parallel market became a criminal offense. That year, the economy contracted 3.3 percent of gross domestic product (GDP), but this did not dampen the demand for dollars.

The problem, said Semite, university professor of the traditional left who supported the government until 2007 that the administration has no foreign exchange earnings or reserves to meet their own obligations in 2010 and, much less to meet the demand of companies and individuals.

The government, he explained, must pay this year about 18,000 million dollars of new debt service of a short-term, arms purchases close to 30,000 million dollars, accrued liabilities with outside contractors to perform great deeds, or their new oil associations, among other items.

Given that reality, Chavez and his cabinet hardened further Exchange Crimes Act, which now puts the BCV as the exclusive agent of the parallel market and increases fines and prison sentences for those who operate illegally or who report on other contributions, including Internet.