President Javier Milei stated that Argentina is “much better than in 2023,” the year he ascended to power. However, he acknowledged that in recent months there has been a decline in economic activity coupled with rising inflation, and he requested additional patience for the success of his economic program. In a recent assault on the … Read more
Argentina’s Congress has enacted legislation that relaxes protections for glacial formations, a development anticipated by major mining companies with significant projects awaiting approval, despite warnings from environmentalists regarding the potential consequences. Legislators sanctioned the amendments early Thursday with a vote tally of 137-111, following the Senate’s endorsement in late February. The approval represents a further … Read more
Public transport buses in the capital and its densely populated outskirts are operating at diminished frequencies, a consequence of escalating fuel prices associated with the conflict in the Middle East and postponements in subsidy disbursements, industry sources reported on Tuesday. The decline in activity has resulted in extensive lines of passengers forming at the primary … Read more
President Javier Milei experienced a decline in his approval rating, which fell by seven points from February to March. This shift can be attributed to the political repercussions stemming from scandals involving Chief of Staff Manuel Adorni and other government officials, alongside an increase in economic pessimism. A survey reveals that in the past month, … Read more
Economy Minister Luis Caputo provided a defense for Chief of Staff Manuel Adorni amidst allegations of possible illicit enrichment, alongside various government officials who have been accused of securing multimillion-peso mortgages from the national public bank Banco Nación under preferential terms. During an interview, the Economy Minister refuted the allegations directed at Adorni, who is … Read more
In March, inflation in Argentina is once again nearing the three-percent threshold, as reported by prominent consultancy firms, indicating a lack of the desired deceleration sought by President Javier Milei’s administration. Private consultancy firms agree that the monthly rate is expected to stabilize around three percent, driven by rising costs in food, fuel, and utility … Read more
According to a recent study, approximately 84.8 percent of individuals in the lowest income quintile, which represents the bottom 20 percent of earners, are engaged in insecure employment in Argentina. This indicates that roughly eight out of ten workers in this group are in precarious job situations. UBA’s study, utilizing official household survey data from … Read more
President Javier Milei’s administration is initiating a tender for the Belgrano Cargas freight line, which is among the state enterprises slated for privatisation under the ‘Ley de Bases’ comprehensive reform of 2024. The forthcoming tender follows the La Libertad Avanza administration’s presentation of the key components and timelines of its strategy to business representatives and … Read more
Argentina sold US$150 million of a dollar-denominated bond on Friday to measure investor interest in financing the government beyond President Javier Milei’s first term. According to the Economy Ministry, the October 2028 local-law bond yielded 8.9%. The bond has a maximum approved size of US$2 billion but will be issued weekly in tranches of up … Read more
President Javier Milei utilized a nationally televised broadcast on Friday night to celebrate a favorable court ruling for Argentina concerning the 2012 nationalization of the state energy firm YPF, while simultaneously characterizing the leaders of the opposition Peronist movement as irresponsible and reckless. In an unexpected ‘Cadena Nacional’ address aired nationwide, Milei vehemently condemned former … Read more