World Cup Upset

Denmark, the surprise World Cup winner, with Argentina not finishing in the top half – no, not a preview of Qatar, but the World Barbecue Championship in Belgium. While the …

CABINET RESHUFFLE. MASSA RULES

A week of uncertainty was brought to an end when the return of  ex minister, Silvina Batakis, triggered a string of announcements of various cabinet changes. The most important of …

SUBSIDIES ON THE RISE

During the previous decade (2010 – 2019), and as noted in the 2021 Climate Tranparency Report, fossil fuel subsidies in Argentina peaked in 2015 and then declined steadily, reaching an …

RENEWABLES GENERATE SAVINGS

Argentina currently has 15 GW of installed renewable energy capacity. In order to meet its international carbon neutrality, commitment under Paris Agreement, the country would have to increase its capacity …

PALERMO FARM SHOW CLOSES

Returning to its Palermo show grounds for the first time in three years due to the coronavirus pandemic, the Rural Society’s 134th agricultural exhibition ended with the month of July …

STRONG REVENUE PICKUP

June’s revenue intake of 1.75 trillion pesos was 87 percent up on the previous July of 9.3 percent in real terms, comfortably ahead of inflation for the 23rd month running …

IMMEDIATE CRACKDOWN ON TOURISM

Soon after the new Economy Minister Silvina Batakis questioned the use of dollars to finance tourism, the Central Bank quickly moved on July 7th to prohibit duty-free dollar purchases in …

INFLATION DOOM

June inflation was 5.3 percent, fractionally up on May’s 5.1 percent and making for an annual inflation of 64 percent, the INDEC national statistics bureau announced on July 14th. Prices …

BATAKIS’ DEBUT

One week after taking office, Economy Minister Silvina Batakis made her first major policy announcements on July 11th. They included a freeze on state employment as part of a general …

Windfall tax on way?

President Alberto Fernández and Economy Minister Martín Guzmán on Monday announced that they had sent a windfall tax to Congress to tap extraordinary profits arising from the Russian invasion of …

Diesel shortages spark concern

Cabinet Chief Juan Manzur reported shortages of diesel fuel in eight provinces last Wednesday and promised more imports to redress the shortfalls. The provinces of Jujuy, Salta, Formosa, Tucumán, Misiones, …

Records exports on way

Grain exports have set new records to the tune of US$15.3 billion so far this year with US$4.23 billion of that total last month, 33 percent more than in April. …

Polar wave bites in Argentina

Sub-zero temperatures of up to minus 15 degrees Centigrade in parts of Argentina last week, especially Patagonia, as most of the country shivered. Even Ezeiza International Airport experience sub-zero temperatures …