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 …
Category: Economics
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BusinessDollar & PesoIndustry
Customs fine Prometeon US$20 million for overstating value of imports to get dollars
The Argentine government slapped Prometeon 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 …
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The government will launch the second stage of the Precios Justos (Fair Prices) price control agreement today, which will allow companies to mark up prices by 3.2% a month. The …
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The board of the Central Bank approved today the issue of the AR$2000 bill (US$10.66 at the official rate and US$5.63 at the MEP rate at the time of writing). …
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AgroBusinessEconomics
Dollars and drought: Increased delays to stock liquidation expected in February
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 …
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BusinessEconomicsTech
Deputies discuss new tax regime for freelancers in Argentina who work for foreign companies
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 …
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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 …
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The government will launch a AR$5 billion relief fund for farmers who took considerable losses amid a historic drought, Economy Minister Sergio Massa announced this Tuesday. According to Rosario’s Stock …
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BusinessDollar & PesoEconomics
Peso exchange rate loophole gives online shoppers thousands of kilometers from Argentina surprise 40% discounts
Shoppers who have never set foot in Argentina have been scoring massive discounts on online purchases by setting the payment currency to Argentine pesos. The trick, which meant their transactions …
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Argentina’s growth will slow to 2% in 2023 from 4.6% in 2022, according to the International Monetary Fund (IMF) World Economic Outlook update, published yesterday. The previous forecast, published in …