The United Kingdom has refuted a statement made by President Javier Milei, which asserted that Argentina is engaged in discussions with London regarding the potential lifting of a weapons ban that has been enforced since the Malvinas War more than four decades ago. In an interview Milei indicated that the government has initiated discussions with … Read more
The Argentine government has introduced a labor reform bill designed to relax employment regulations and reduce litigation against employers, with the intention of facilitating the hiring process for companies. Peronism, along with left-wing parties and unions, has criticized the proposal as a direct assault on workers’ rights, subsequently organizing a protest march in reaction. The … Read more
Mendoza conveyed a clear message to both foreign and domestic investors monitoring the Argentine mining sector on Tuesday afternoon by instituting legal protections for the San Jorge Copper Project (formally known as PSJ Cobre Mendocino). The provincial Senate sanctioned the project, recording 29 votes in favor, 6 opposed, and 1 abstention. The ruling creates a … Read more
After nearly eight years absent from foreign-currency financing markets, Argentina’s Treasury disclosed the outcome of its auction: it successfully issued US$1 billion of a new four-year bond, featuring a 6.5% coupon, in accordance with Argentine law. Over 2,500 investors submitted bids exceeding US$1.4 billion. The yield at the cut-off price was established at an annual … Read more
Whether you’re tracking prices at the supermarket or planning to convert savings, the Blue Dollar serves as a real-time measure for Argentina’s economic mood. Whenever official restrictions tighten, or political uncertainty rises, interest in this unofficial price tends to surge. The rate developed because the formal market could not meet real demand for foreign currency, … Read more
President Javier Milei is poised to initiate a bold reform agenda for Argentina’s economy as a more cooperative Congress assumes its duties on Wednesday. Investors anticipate that this may merely be the preliminary phase of a more significant shift: the removal of the stringent currency controls that characterized his initial two years in office. Milei’s … Read more
Chinese tourists arriving in Argentina on China Eastern’s new Shanghai–Buenos Aires route can expect greetings in Mandarin, special menu options in airport restaurants, and a steady supply of cups of hot water as part of their welcome. The inaugural flight that landed on Thursday represents a significant advancement in intercontinental connectivity. In addition to reestablishing … Read more
The government has declared a fresh decrease in export duties pertaining to the agricultural sector. The initiative targets the nation’s primary agricultural hubs, with the objective of enhancing competitiveness and expediting the influx of foreign currency. The measure is set to be formalized this Wednesday in the Official Gazette, as per reports. Economy Minister Luis … Read more
President Javier Milei intends to ensure that the newly elected Congress, set to take office in October, forgoes its customary summer recess. This measure aims to facilitate timely votes on his proposed reforms and the budget before the conclusion of the year. Cabinet Chief Manuel Adorni announced that the president is set to sign a … Read more
The investment amounted to US$52 million, characterized as the “most modern of its kind, worldwide, with cutting-edge sustainable technology,” as stated in the official announcement. In October 2022, Whirlpool inaugurated a new washing machine production facility in Pilar, Argentina. Last week, just over three years later — and two years into the presidency of libertarian … Read more