The Argentine minimum wage has served as a historic benchmark for salary negotiations within both the formal and informal sectors of the economy. That benchmark, however, has undergone significant alterations since President Javier Milei assumed office in December 2023. Since then, the SMVM has undergone a consistent decrease in purchasing power and is presently at … Read more
Argentina’s economy contracted for a second consecutive month in May, highlighting a pattern of inconsistent growth as President Javier Milei’s term progresses beyond the halfway mark. Economic activity declined by 0.5 percent from April, falling short of the 0.2 percent increase projected by analysts, as reported by government data released on Wednesday. From a year … Read more
You cannot attend a major horse racing event like the Kentucky Derby without placing a bet. That’s just the unwritten rule of the sport. But a day at the races isn’t just about betting. It’s tickets, traveling, accommodation, food, drinks, and so on. So, a day at the races sounds cheaper in your head than … Read more
Economy Minister Luis Caputo has declared that the government intends to present a revised fiscal innocence bill to Congress, aiming to address concerns highlighted by accountants and tax experts regarding the initial proposal that received approval in December. The bill, referred to as Fiscal Innocence II, is scheduled for submission on Thursday. During a conference … Read more
Credit rating agency Moody’s has elevated Argentina’s sovereign debt rating and revised its outlook on the nation from stable to positive, attributing this change to a reduction in default risk and “improving governance.” On Tuesday, the agency elevated the long-term local and foreign-currency issuer ratings of the government of Argentina from Caa1 to B3. Argentine … Read more
Argentina recorded a historic trade surplus of nearly US$14 billion in the first half of the year, propelled by increased exports and reduced imports compared to the same timeframe last year, notwithstanding a decline in the trade balance for June. On Monday, the statistics institute INDEC announced a trade surplus for June exceeding US$2 billion, … Read more
Elon Musk and Javier Milei met in February of 2025. More than a year later, the President remarked, somewhat humorously, that he had requested the businessman to present him with a Tesla, but that Musk had overlooked the appeal. Perhaps next spring, Argentina’s head of state will witness some of those luxurious, innovative cars traversing … Read more
Canada aims to finalise a free trade agreement with Mercosur by year-end, as it endeavours to broaden its trading relationships beyond the United States, stated Foreign Minister Anita Anand during her visit to Brazil on Tuesday. In 2025, in the context of the United States’ tariff offensive, Canada and the Mercosur bloc, which includes Argentina, … Read more
The first new facility of this kind to be approved by Pampa Energia SA in over 25 years is a 2.7 billion US dollar urea fertiliser factory on the Atlantic coast of Argentina. Although Argentina has lately prioritised oil production from its prolific Vaca Muerta shale deposit due to its ease of transportation and export, … Read more
Argentina’s Neuquén Province is set to present to foreign investors in New York its inaugural international bond issuance in almost ten years, as the local government capitalises on the benefits of a shale oil boom, according to two individuals with direct knowledge of the situation. Provincial officials are set to embark on an investor roadshow … Read more