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 …
Batakis: Argentina will honour economic goals agreed with IMF
Economy Minister Silvina Batakis said that Argentina will honor the fiscal deficit goals and other commitments made under a deal struck with the International Monetary Fund to refinance the country’s …
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 …
Blizzard strands 200, prompts evacuations in Andes near Argentina-Chile border
Some 200 people, mostly tourists and truckers, were stranded on July 10th by a fierce snowstorm in the Andes mountains near the Argentina-Chile border, with temperatures plunging well below freezing, …
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 …
Urribarri removed from Embassy
Argentine Ambassador to Israel Sergio Urribarri, the former two-term Peronist governor of Entre Ríos, who was sentenced to eight years in prison for corruption last April, has been removed from …