Energy Secretary Flavia Royón announced yesterday that power prices would go up by 36% during the third stage of subsidy segmentation, which will start this year. This announcement was made the same week that a new mission from the International Monetary Fund (IMF) arrived to review Argentina’s accounts …
A delegation from the Economy Ministry will travel to Brasilia to move forward with the fine print of the bilateral agenda with Brazil, following President Luiz Inácio Lula da Silva’s visit to Argentina. A key issue will be added to the agenda of purchasing electricity and financing the …
The Agriculture Secretariat will launch a 10% discount for people who pay with debit cards in butcher shops as beef prices surge. The new measure will be launched in the following days, and businesses that adhere will receive a special card reader, according to sources in the Secretariat. …
Rainfall over the past few days has improved the conditions of planted soybeans and corn, especially in plantations that were sowed later. The development makes for welcome good news considering that both crops represent more than US$30 billion in exports and that the oilseed by itself brings in …
The Argentine government slapped Prometeon, a licensee of the Milan-based tire manufacturer Pirelli, with a US$20 million fine on Thursday for over-declaring the value of its imports by that sum. According to an investigation by Argentina’s tax and customs authorities, from 2020 to 2022, Prometeon regularly sent tires …
As a result of the drought, the drop in international prices and lower grain sales, the settlement of foreign currency in January closed with a cumulative amount of only US$928 million, which marks the worst record since 2007 and a 61% drop year-on-year. The economic challenge going forward …
A government commission yesterday started to debate a tax regime bill that would allow Argentine residents who freelance for companies abroad to earn up to US$30,000 a year without converting them to pesos. If approved, the bill would substantially increase the amount of money that contractors and freelancers …
Tourism is bouncing back to Buenos Aires after the pandemic, with 1.5 million foreign visitors arriving in 2022, according to a report by the Buenos Aires City government. The sector’s revival represents an important source of income, and while classic tourist spots such as Defensa’s classic Sunday street …
Argentina’s sovereign bonds and stocks ended January with very good results. This upward rally was backed by investors taking positions in the face of attractive values and succulent returns in a month when the government announced an external debt buyback for US$1 billion, but when inflation is still …
