The recent closure of Fate, an 86-year-old tire manufacturer with a workforce exceeding 900, exemplifies a broader trend in Argentina’s economic landscape. Official figures indicate that manufacturing facilities in the country are operating at merely 50% of their potential capacity, and since Javier Milei assumed office in December 2023, more than 20,000 enterprises have ceased … Read more
According to official data, Argentina has experienced a loss of nearly 22,000 companies in the initial two years of President Javier Milei’s administration. Data indicate that the count of registered employers in Argentina decreased from 512,357 in November 2023 to 490,419 in November 2025, reflecting a net reduction of 21,938 companies over a span of … Read more
At a clothing factory in Buenos Aires, numerous workers observe with concern as imported garments increase their market share while sewing machines remain unused – a vivid illustration of the challenges confronting Argentina’s textile sector in light of President Javier Milei’s trade liberalization initiatives. At Confecciones Seman SA, a manufacturer of suits and shirts, over … Read more
Argentina’s meat production chain expressed satisfaction upon learning that the recently signed Reciprocal Trade and Investment Agreement with the United States has established a tariff-free export quota of 100,000 tonnes. This figure contrasts with earlier indications from President Javier Milei, which had suggested a limit of only 80,000 tonnes. The Foreign Ministry in Buenos Aires … Read more
President Javier Milei’s administration achieved a significant legislative triumph in the Senate this week with the passage of his labour reform, a consistently contentious topic in the nation of Juan Domingo Perón. While the details surrounding the passage of the bill were quite intriguing, ultimately highlighted by the newly minted senator, former security minister Patricia … Read more
The Argentine Senate approved President Javier Milei’s hallmark labor reform legislation, marking a significant advancement for the libertarian’s bold agenda that may facilitate his administration’s re-entry into international markets. The Senate, in a decisive 42-30 vote, has approved the comprehensive bill, which will now proceed to the lower house for further deliberation. Milei’s administration executed … Read more
Argentina’s government has officially enacted the Fiscal Innocence Law, aiming to promote the formalization of undeclared savings, including the notorious “mattress dollars,” while also redefining the dynamics between the state and taxpayers. The measure, representing one of the most ambitious tax reforms of President Javier Milei’s administration, was formalized by Decree 93/2026, which appeared in … Read more
State spending decreased by 5.1 percentage points of GDP from 2023 to 2025, reaching approximately 14.5 percent of GDP – the lowest level observed in the last ten years. A recent report indicates that the adjustment primarily focused on public works, economic subsidies, and discretionary transfers to provinces and universities. In 2025, social benefits—comprising retirements, … Read more
President Javier Milei has adjusted his agenda for the upcoming weeks, postponing a scheduled trip to the United States to participate in the inaugural meeting of Donald Trump’s Board of Peace on February 19 in Washington DC. Milei had originally scheduled a trip to the US this week, with plans to visit Trump’s Mar-a-Lago estate … Read more
A technical staff team from the International Monetary Fund arrived in Buenos Aires on Thursday, aiming to conduct an audit of Argentina’s economic program. Javier Milei’s administration secured a US$20 billion loan with the Fund last April, adding to an existing US$45 billion debt incurred during Mauricio Macri’s government in 2018. To secure an impending … Read more