President Javier Milei’s administration is beginning to transition from an exclusive emphasis on combating inflation to a more nuanced approach, as growth, employment, and his approval ratings face challenges in gaining momentum. Argentina’s Central Bank permitted the currency to depreciate over the past three months, while the nation’s Treasury is facilitating increased liquidity in the … Read more
YPF, the state-owned oil and gas enterprise, divested its interest in Metrogas, the leading natural gas distribution entity in Argentina, to Edenor, an electricity distributor overseen by businessmen José Luis Manzano, Daniel Vila, and Mauricio Filiberti. The decision indicates that YPF will divest from Metrogas as it reallocates its resources to prioritise oil and gas … Read more
As the election year approaches, a recurring debate regarding the Argentine economy is once again becoming a focal point among market experts. Will the government permit the dollar-peso exchange rate to persist in its ascent, consequently reducing interest rates, or will it opt to sustain elevated yields in pesos to prevent capital flight toward the … Read more
The projects approved by the Incentive Regime for Large Investments, or RIGI in Spanish, provide the provinces in Argentina’s north and west cause for optimism. Out of 21 approved investments, 12 are allocated to the mining sector. Situated in the provinces of Mendoza, San Juan, Catamarca, Salta, and Jujuy, these initiatives are projected to entail … Read more
Argentina’s economy is at an unusual juncture. In contrast to numerous previous periods in the nation’s recent past, the fluctuations of the U.S. dollar — historically the primary focus of economic discourse — have shifted away from being the focal point of current discussions. Inflation is not either. Although it remains elevated relative to the … Read more
Javier Milei’s administration was compelled to retract another component of its private property legislation prior to its enactment, highlighting the difficulties faced by the Argentine president in drawing private investment to the nation beset by crises. The bill passed the Senate in a 37-33 vote early Friday morning following an extensive debate; however, Milei’s party … Read more
Industrial activity demonstrated notable enhancement in June. Data from the statistics institute INDEC, released on Friday, indicates that the sector experienced a month-over-month growth of 0.9%, marking the second consecutive monthly increase, and a year-over-year growth of 2%. The most significant monthly increase was observed in oil refining, chemicals, rubber, and plastic products at 4.4%. … Read more
Argentine Industrial Union President Martín Rappallini responded sharply to Economy Minister Luis Caputo following the minister’s severe critique of domestic industries regarding their product pricing. Rappallini remarked that such comments do not “foster the dialogue so desperately needed” during a period of declining industrial activity. Caputo made the remarks last Wednesday while defending his economic … Read more
The Chinese Embassy in Argentina issued a statement alleging that the United States is meddling in the commercial relationships between Argentine firms and the Chinese telecommunications behemoth, Huawei. The communiqué, released late on Wednesday, came in response to reports indicating that the U.S. Embassy in Argentina had cautioned directors of a private cooperative in Neuquén … Read more
Credit served as the primary catalyst for the increase in consumption that Argentina experienced in late 2024 and early 2025. However, beginning in the previous year, that trend experienced a gradual deceleration and ultimately reversed, influenced by fluctuating interest rates and a significant increase in household defaults. Since then, Javier Milei’s government has not experienced … Read more
