Cold temperatures, the conflict in the Middle East, and an unsuccessful liquefied natural gas tender pose significant risks to Argentine industries, potentially increasing costs and leaving them without natural gas as winter draws near. The situation arises from local legislation that prioritises households and small businesses over industrial users in the event of a gas … Read more
Economic activity surged in March, reaching a new all-time high with a remarkable growth of 3.5% compared to the previous month and an impressive 5.5% year-on-year. This growth was primarily driven by robust performances in agriculture, industry, and mining. According to the statistics institute INDEC’s Monthly Economic Activity Estimator, it was the largest monthly increase … Read more
US Secretary of State Marco Rubio has been alerted by the chairman of the House Foreign Affairs Committee regarding a tender initiated by President Javier Milei in Argentina. This tender aims to enhance a crucial waterway, but there are concerns that it may be awarded to a consortium purportedly linked to China. US Representative Brian … Read more
A significant increase in household delinquencies is unsettling Argentina’s banking and fintech sectors, posing yet another obstacle to President Javier Milei’s bold economic reform agenda. The proportion of households unable to meet their debt obligations surged to a 15-year peak of 11.5 percent of total loans in March, up from 2.6 percent at the close … Read more
YPF SA, the government-owned energy firm in Argentina, has announced a project with a valuation of US$25 billion intended to enhance oil output. This initiative signifies the largest allocation of resources since President Javier Milei took office. YPF’s Chief Executive Officer, Horacio Marin, has indicated that the company has put forth its proposal to the … Read more
Argentina occupies the ninth position in the list of the 10 most challenging countries for conducting business, hindered by the regulatory and tax obstacles that foreign firms encounter while operating within its borders, as reported by TMF Group’s global index. Nonetheless, the report identified potential for a reversal in the medium term, supported by enhanced … Read more
The Argentine Patagonia region is poised to become the primary driver of new employment opportunities in the forthcoming years, fueled by substantial oil and mining investments promoted by President Javier Milei’s administration, as indicated by the latest report from the Fundación Mediterránea think tank. The southern part of the country region emerges as the primary … Read more
Uruguay and Argentina report advancements in negotiations aimed at resolving a dispute concerning a multibillion-dollar green hydrogen facility proposed on the Uruguayan side of a jointly held border river. Argentina’s Foreign Minister Pablo Quirno visited Montevideo for a second meeting with his Uruguayan counterpart Mario Lubetkin within a six-month period to deliberate on the US$5-billion … Read more
In pursuit of its objective to uphold the fiscal surplus, Javier Milei’s administration is set to introduce a substantial rise in fares for nationally regulated trains and buses beginning in May, with total increases reaching as high as 90% in the ensuing months. Government officials articulated their objective to transition towards a “more organized, efficient, … Read more
Argentina’s recent credit upgrade is stimulating speculation that the nation may have another opportunity to access international markets following a missed chance in early 2026. According to investors, Fitch Rating’s decision to elevate the country’s credit score to ‘B-‘ may drive spreads back toward the multi-year lows observed in January. President Javier Milei may find … Read more