Businesses are still monitoring day-to-day politics in Brazil with “strong concern” after the attempted coup in the neighboring country –Argentina’s main trading partner. The main business unions in the country quickly spoke out condemning the attack on the institutions. Their fear is that the political crisis could mean …
Next week, the financial team will contact Argentina’s trade union federation, the General Confederation of Labor (CGT), to start drafting a wage round plan for this year with a hike barely above the 60% projected inflation set in the 2023 budget. Designed by minister Sergio Massa, the government …
Once official statistics are released, they will confirm that 2022 ended with record exports, which exceeded US$100 billion. Prices influenced this phenomenon, but so did the quantities. Agriculture, industry, energy, the knowledge economy and mining were key drivers that could continue to improve their performance in 2023. Thus, …
The former CEO of Syngenta for South America, Antonio Aracre, will serve as chief presidential advisor starting February 1. After working for 36 years in the agribusiness company, Aracre decided to retire from the private sector and “dream about new challenges,” he tweeted last October. Yesterday, Aracre met …
Argentine stocks managed to consolidate their recovery and produce all-time profits in 2022. The S&P Merval index accumulated an increase of 42% in dollars through the year. This happened despite the prevailing volatility on Wall Street, as global equity assets were affected by the US Federal Reserve’s harder …
It seems restrictions imposed by the government on meat exports are rapidly becoming obsolete due to the progressive easing of the established quota. That resulted in a recovery of shipments, which look set to reach 900,000 tonnes by the end of the year – in other words, a …
In 2022, Argentine wines gained international recognition for their high quality once again. Wineries launched new products and the process of boosting regional producers was accelerated with new establishments apart from the classic Cuyo winemaking provinces, in non-traditional parts of the country such as Buenos Aires province. But …
Argentine “molecular farming” company Moolec Science reached a value of over US$1.2 billion this Tuesday in its market debut. Moolec, a spinoff of Argentine biotech company Bioceres, was co-founded in 2020 by Gastón Paladini, who also acts as CEO. The company claims it has developed technology to “include …
The Argentine Industrial Union (UIA) and the US Chamber of Commerce in Argentina (AmCham) have criticized declarations by the national government last week that it would not comply with a Supreme Court ruling to restore a greater share of tax funding to Buenos Aires city. AmCham said in …
