Blue Dollar Updates

Vaca Muerta Gas Set for Europe – Major 8-Year LNG Deal

The Southern Energy consortium and the Berlin-based group Securing Energy for Europe have formalized an eight-year agreement concerning the export of liquefied natural gas from the Vaca Muerta basin. The agreement stipulates the delivery of two million tonnes annually over the course of eight years, as outlined in a statement. Operations are set to commence … Read more

Blue Dollar Live

Milei’s Shock Therapy Hits Argentina Industry

It may seem amusing at first, but the situation takes a serious turn once the bombs start to descend. The derogatory remarks, the raised voices, the irony, the memes, and the relentless verbal assaults. Viewership ratings have increased as President Javier Milei delivered his state-of-the-nation address to the Legislative Assembly on March 1, achieving a … Read more

Javier Milei & Donald Trump

Milei heads to Trump’s security summit in Miami

President Javier Milei is set to journey to Miami this Saturday to engage in a high-level regional security summit organized by US President Donald Trump, marking yet another foreign excursion in his increasingly proactive diplomatic agenda. The meeting is scheduled to occur at Trump National Doral Miami, the golf resort owned by the US President … Read more

Brazil Approves EU-Mercosur Trade Agreement

On Wednesday, Brazil’s Senate ratified an agreement between the Mercosur bloc and the European Union, establishing one of the largest free trade areas globally. The agreement encompasses the four founding members of the South American trade bloc and has received ratification from both Argentina and Uruguay. Paraguay’s parliament remains tasked with granting its approval. The … Read more

Blue Dollar Updates

Luis Caputo says Santa Cruz hydroelectric dam development will continue

Economy Minister Luis Caputo announced on Thursday that the resumption of work on the Jorge Cepernic hydroelectric dam in Santa Cruz province is imminent. Caputo confirmed the news on his X account, stating that the construction “could be completed by 2030” and is expected to “contribute 1,860 GWh to the Argentine Interconnected System.” The project … Read more

Blue Dollar Updates

Oil Price Surge Raises Stakes for Argentina’s Energy Sector

The intensification of hostilities in the Middle East, subsequent to the coordinated military action by the United States and Israel against the Iranian regime, has once more subjected the oil market to significant strain and prompted inquiries regarding the trajectory of crude oil prices in the near future. The emphasis lies on the possible ramifications … Read more

Blue Dollar Updates

Fate Workers Unite at Labor Secretariat

The union representing tire industry workers, SUTNA, organized a march outside the Labor Secretariat in Buenos Aires on Wednesday to express their opposition to the possible closure of tire manufacturer Fate. A 24-hour strike is also being conducted. The closure is anticipated to result in the loss of over 900 jobs. The protest commenced at … Read more

Javier Milei

Milei wants Argentina’s US ‘strategic partnership’ as ‘state policy’

President Javier Milei expresses his intention to establish the “strategic alliance” with the United States, under the leadership of ally President Donald Trump, as a “state policy.” During a state of the nation address to Congress on Sunday night, the leader of La Libertad Avanza stated, “the South Atlantic is the strategic battleground of the … Read more

Milei vows monthly reform plan in fiery speech

On Sunday, Argentina’s Congress erupted into a heated exchange as President Javier Milei inaugurated this year’s legislative sessions. In a setting reminiscent of a sporting event rather than a dignified speech, Argentina’s forthright leader criticized opposition hecklers, labeling them as “criminals” responsible for the country’s turmoil. Milei, greeted with enthusiastic applause from supporters and members … Read more

Digital Transactions

Argentina’s Fintech Debt Trap Exposes Soaring Loan Defaults

In a recently viral video, a young woman outlines her financial strategy: “I take out a AR$20,000 loan from Mercado Pago. And to pay that loan, I take out a loan from Ualá. Then I take out another loan from Mercado Pago and use that to pay Ualá. Mercado Pago and Ualá pay each other; … Read more