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Argentina

Intel Argentina

  • "Food emergency" demand march in Argentine cities

     Since President Macri came to power in 2015, electricity bills have gone up 210% and gas 300%, following on the removal of significant subsidies
    Thousands took to the streets in 50 Argentine cities and towns Wednesday demanding that the government declare a “food emergency” and put an end to suffocating price increases. Since President Mauricio Macri came to power in 2015, electricity bills have gone up 210% and gas 300%. The government blamed the increase on the removal of significant subsidies in place under the previous administration.

    Posted: by Merco Press Argentina News

  • Argentine construction industry activity in the doldrums

    In December compared to a year before construction activity plummeted 20.5%, after a vigorous start. (AP)
    The construction industry in Argentina ended 2018 with a paltry 0.8% growth, and although taking off at the beginning of last year with a vigorous impulse but beginning May, when the financial situation forced the Peso to lose half of its purchasing power, activity started to freeze ending December with a 20.5% collapse.

    Posted: by Merco Press Argentina News

  • Argentine Security minister making headlines with her tough on crime policy

    Patricia Bullrich, 62, is pushing new tough-on-crime measures: dropping the age for juvenile convictions, equipping cops with stun guns and facial recognition
    Argentina’s government, with one eye on elections later in the year, is getting tough on crime, and one figure is taking centre stage: the country’s security tsar. Patricia Bullrich, 62, the security minister, is pushing a series of new tough-on-crime measures, including dropping the age for juvenile convictions, equipping cops with stun guns and trialling facial recognition at train stations.

    Posted: by Merco Press Argentina News

  • Chile joins Uruguay, Argentina and Paraguay in bid to host the 2030 World Cup

     Piñera said he had been touting his idea to the presidents of Argentina, Paraguay and Uruguay for several months
    Argentina, Chile, Paraguay and Uruguay are to submit a joint bid to host the 2030 World Cup, Chile’s President Sebastian Piñera announced on Thursday. Argentina, Paraguay and Uruguay had already submitted a joint bid to host the centenary edition of football’s most prestigious tournament, but Piñera said on Twitter that those countries’ presidents had agreed to Chile’s participation in the “joint candidacy”.

    Posted: by Merco Press Argentina News

  • Cristina Fernandez back in court for questioning at the end of February

    Hearings are due to begin at the end of February led by Judge Claudio Bonadio and federal prosecutor Carlos Stornelli
    Argentine ex-president Cristina Fernández de Kirchner has – for the third time – been called for questioning under the framework of so-called “notebooks” graft case. Key business leaders and ex-public officials were also summoned, with prosecutors and judges probing alleged corruption and bribery centred on the ex-head of state’s government.

    Posted: by Merco Press Argentina News

  • IMF mission in Argentina to collect data on compliance of the standby loan accord

    The head of the mission Roberto Cardarelli is scheduled to meet ministers, central bank officials, members of congress from the ruling coalition and opposition
    An IMF team is back in Buenos Aires to review the Argentine economy performance and how it is complying with the fiscal and monetary conditions established in the stand-by US$ 57 billion loan agreed last year. The head of the mission Roberto Cardarelli is scheduled to meet ministers, central bank officials, members of Congress from the ruling coalition and opposition, academia and different lobbies.

    Posted: by Merco Press Argentina News

  • Manufacturing in Argentina was 5% down during 2018

    Automobiles and auto-parts production were down 25.1%, and farm machinery 48.3%, according to Indec's release
    Manufacturing performance in Argentina during 2018 was one of the worst since the 2001/02 collapse and melting of the country’s economy according to the latest release from the stats office, Indec. Manufacturing dropped 14.7% in December compared to the same month in 2017, ending 2018 with an overall decrease of 5%.

    Posted: by Merco Press Argentina News

  • Unexpected meeting of Uruguay and Argentina to address the Venezuelan situation

    Vazquez and Macri will meet on Wednesday at the Anchorena park, a twenty minutes helicopter flight from Buenos Aires
    Presidents from Uruguay and Argentina, Tabare Vazquez and Mauricio Macri, will be meeting on Wednesday to discuss an open agenda, but which according to Buenos Aires sources will be centered on the Venezuelan situation, where the two countries hold different positions. The meeting is scheduled to take place in Colonia, at the Anchorena Park, which is an official resting place of the Uruguayan Executive, and a twenty minutes helicopter flight distance from Buenos Aires.

    Posted: by Merco Press Argentina News