Argentina stands out as one of the rare democratic nations where the government, after several years in office, continues to maintain substantial public backing. It is also a scenario in which one might reasonably anticipate that the future could significantly surpass both the present and the recent past. Absent the prevailing optimism that, in due … Read more
In the province of San Juan, one of the most arid regions in Argentina, water transcends its role as a mere resource; it embodies a profound symbol. A widely circulated narrative recounts the story of Deolinda Correa. Her baby miraculously survived, giving rise to Deolinda’s legend, La Difunta. The customary practice involves placing a bottle … Read more
During the Christmas holidays, toy sales in Argentina decreased by 6.9% compared to the 2024 season, indicating a trend of more cautious consumer behavior and constrained household finances, according to the Argentine Toy Industry Chamber. “The result was better than anticipated, particularly in contrast to November, which had exhibited a significant and unforeseen decline,” stated … Read more
Economy Minister Luis Caputo has indicated that Argentina will seek to avoid issuing debt under New York law in January, aiming to reduce the nation’s “dependence on US Market. We will try to ensure that there isn’t” any new debt under New York law next month, Caputo stated, responding to an inquiry from a user. … Read more
Argentine enterprises and investors are incurring additional costs to acquire dollars in a strategic maneuver to circumvent the currency controls imposed by President Javier Milei. While individuals encounter reduced limitations in the current environment, corporations continue to navigate obstacles related to the acquisition and disposal of U.S. dollars as Milei endeavors to stabilize the peso … Read more
In October, the delinquency rate for Argentine household loans with banks climbed to 7.8%, marking the highest level recorded since the Central Bank initiated its data collection in 2010. The figure indicates a 5.5% increase year-on-year relative to 2024, a period during which irregularities in loan repayments to families were just above 2%. A report … Read more
The human capital ministry announced on Tuesday the suspension of the air traffic controller strikes that had been impacting both domestic and international flights. The decision follows the government’s implementation of a “compulsory conciliation,” a legal mechanism that suspends the protest and mandates the resumption of negotiations. The ministry announced via a statement that the … Read more
Argentina appears to be shifting from a prolonged resistance to mining and other activities viewed as detrimental to the environment, towards a strategy that prioritizes the pressing need for economic development and growth. Three significant legislative proposals that have captured public discourse in recent weeks indicate this remarkable change in perspectives. On Monday, President Javier … Read more
President Javier Milei engaged in a confrontation with Brazilian President Luiz Inácio Lula da Silva during the regional Mercosur summit regarding the situation in Venezuela, coinciding with US President Donald Trump intensifying pressure on Caracas. Sparring remarks from Lula and Milei emerged during a gathering of the South American bloc, where discussions included a prospective … Read more
The General Confederation of Labor orchestrated a significant demonstration on Thursday in Plaza de Mayo to oppose the government’s proposed labor reform. The demonstration united both factions of the Argentine Workers’ Central alongside various social movements, delivering pointed admonitions to the government regarding its proposed alterations to Argentina’s labor legislation. During the principal gathering, union … Read more