A mining project focused on copper, gold, and silver in the Argentine province of San Juan has submitted a request to participate in the Incentive Regime for Large Investments, which offers tax breaks, currency-exchange advantages, and various incentives. The Vicuña Argentina project signifies a projected investment ranging from US$15 billion to US$17 billion over the … Read more
The United Kingdom has refuted a statement made by President Javier Milei, which asserted that Argentina is engaged in discussions with London regarding the potential lifting of a weapons ban that has been enforced since the Malvinas War more than four decades ago. In an interview Milei indicated that the government has initiated discussions with … Read more
The government has declared a fresh decrease in export duties pertaining to the agricultural sector. The initiative targets the nation’s primary agricultural hubs, with the objective of enhancing competitiveness and expediting the influx of foreign currency. The measure is set to be formalized this Wednesday in the Official Gazette, as per reports. Economy Minister Luis … Read more
The investment amounted to US$52 million, characterized as the “most modern of its kind, worldwide, with cutting-edge sustainable technology,” as stated in the official announcement. In October 2022, Whirlpool inaugurated a new washing machine production facility in Pilar, Argentina. Last week, just over three years later — and two years into the presidency of libertarian … Read more
Argentina has declared its desire to issue a local law bond denominated in dollars, taking advantage of the momentum that has been created in the wake of President Javier Milei’s resounding victory in the congressional midterm elections that were held in October. The Ministry of Economy has said that the Bonar bond is scheduled to … Read more
Argentina’s Economy Ministry announced on Friday the issuance of a local-law bond denominated in U.S. dollars, aimed at addressing the debt maturities scheduled for January. The newly issued bond, designated as BONAR 2029N, is set to be tendered on December 10, with a maturity date in 2029 and a semiannual coupon rate of 6.5%. The … Read more
Poverty and destitution in Argentina have seen a notable decline over the past year; however, the current levels still exceed those reported by official statistics, according to a credible watchdog. A report released on Thursday by the Social Debt Observatory of the Argentine Catholic University indicates that poverty was recorded at 36.3 percent, while extreme … Read more
The administration of Javier Milei has been instructed by the International Monetary Fund to increase its foreign reserves. This comes with the acknowledgement that Argentina will face “difficulties” in meeting its year-end accumulation target. Julie Kozack stated, “At this stage, meeting the end year reserve target will be challenging. Nevertheless, it is of the utmost … Read more
Argentina and Poland are nearly “a perfect match” and ought to leverage the prevailing global tensions to enhance cooperation and increase trade, according to the deputy foreign minister of the European nation. “As global unpredictability increases, conflict looms at Poland’s threshold. Global trade is experiencing notable shifts and emerging threats, with Poland and Argentina positioned … Read more
Elon Musk’s Starlink Internet service and Argentine telecommunications provider Telecentro have announced the extension of their strategic alliance. In a span of 15 days, the two companies are set to implement mobile Internet connections and deploy 300 antennas at 300 rural educational institutions throughout Catamarca Province. Additionally, they will connect 113 schools in the Puna … Read more