A push by President Javier Milei’s administration to get Argentine banks “banking again” is losing momentum, as lenders are once again relying on government bonds for profit. This shift occurs amid a slowing economy and elevated delinquency rates that are impacting their traditional business operations. Earnings from government securities at commercial banks constituted approximately 56 … Read more
A consortium of firms from Argentina, Brazil, and the Netherlands has secured 90% ownership of the public water and sanitation utility company Agua y Saneamientos Argentinos, as announced by the government on Thursday. The bid in the tender amounted to US$340 million. The news indicates that the company, which supplies running water service to the … Read more
Argentina has aligned itself with the United States and 13 other economies, including the European Union, in releasing a joint statement that advocates for measures to tackle structural excess capacity and production issues in critical manufacturing sectors. The statement, announced by the US Trade Representative’s office on Wednesday, was signed during a meeting of the … Read more
Market analysts concur that the Argentine economy is projected to expand at a rate significantly lower than previously anticipated in 2026, with numerous assessments indicating that the economy may already be experiencing a recession. Those conclusions arise from the September Market Expectations Survey (in Spanish, REM), a monthly poll conducted by the Central Bank. The … Read more
Flybondi has initiated insolvency proceedings after enduring a prolonged crisis that culminated in the airline’s total operational paralysis. The filing was completed last week, and the court responsible for adjudicating the matter was assigned on Monday. There remains an absence of resolution regarding the company’s future trajectory. The low-cost carrier has experienced a 57-day hiatus … Read more
At the outset of the year, Economy Minister Luis Caputo asserted on multiple occasions that Argentina would experience its “best 18 months” in “recent decades” during the period spanning May to June 2026. With only three months remaining until the conclusion of the year, that economic bonanza is, however, far from being reflected among the … Read more
Shares of British oil company Rockhopper Exploration experienced a significant decline of 23% on Monday following the firm’s confirmation of its involvement and timeline in the Sea Lion offshore project, situated in the Malvinas Islands basin. The stock price experienced a 29% decline over the past month, influenced by trade sanctions imposed by Argentina, which … Read more
German companies have maintained a foothold in Argentina since the mid-19th century, beginning with Siemens’ installation of a telegraph network along the railway. Over the years, their presence has expanded significantly, particularly in the automotive manufacturing sector with companies such as Volkswagen, BMW, and Audi, alongside notable advancements in chemicals and pharmaceuticals represented by Bayer … Read more
Observing the streets of Buenos Aires City reveals a burgeoning culinary trend: a proliferation of establishments dedicated to a diverse array of hamburgers, encompassing smash burgers, sliders, gourmet combinations, and even the notorious raw burger. While many Argentines are embracing this newfound enthusiasm for ground beef, for parents of young children, the trend presents a … Read more
The recent “Argentina Week” held in Paris was characterised by a series of investment announcements and government initiatives aimed at attracting foreign capital. Announcements for investment projects in energy, mining, and the automotive industry totalled US$27 billion. It has been confirmed that the Final Investment Decision for Argentina LNG – the largest investment in the … Read more
