The Argentine justice frozen the assets and lifted the fiscal and banking secrecy of former President Alberto Fernández (2019-2023) and several of his collaborators, as part of an investigation into alleged corruption regarding the contracting of State insurance during his Government, sources confirmed this Wednesday. judicial. Federal judge Julián Ercolini, in charge of room 11 […]
Tag: Alberto Fernandez
They sue Argentina in the US for debt for fuel used in the presidential plane
An American firm sued Argentina for failing to pay fuel used by the presidential plane, in expenses that correspond mainly to the period of the government of Alberto Fernandez in 2023, although also at the beginning of the management of his successor, Javier Milei. Associated Energy Group, with headquarters in Miami (southeast) and subsidiaries in […]
Prosecutor asks to increase Cristina Fernández’s sentence to 12 years in corruption trial
A prosecutor asked this Monday to aggravate the sentence of the former Argentine president Cristina Fernandez (2007-2015) in a trial for corruption, for which the former vice president had already been sentenced in December 2022 to six years in prison and disqualification from public office. During the first hearing to review the sentence against Fernández, […]
Unstoppable inflation in Argentina reaches 108.8% per year and exceeds worst forecasts
Inflation does not let up Argentina and advances above the projections managed by the Central Bank, after being located last April at 108.8% year-on-year and 8.4% monthly, 4.5 and 0.9 points more than in March, respectively. Consumer prices reported this Friday by the National Institute of Statistics and Censuses (indec) beat the forecasts of the […]
Inflationary and exchange rate tension in Argentina grows six months after the elections
The tension generated by the inflationary and exchange rate cocktail that Argentina It is increasing with six months left before the presidential elections are held and without either the government or the political opposition sectors giving clear signals on how they intend to resolve the deep macroeconomic imbalances in the South American country. The week […]
Uncontrolled inflation in Argentina reaches 102.5% in 12 months to February
The retail price index in Argentina It increased 6.6% in February over January and exceeded 100% in 12 months, according to data from the INDEC statistical institute published on Tuesday. Inflation reached 102.5% in the last rolling year, one of the highest records in the world, although the phenomenon is chronic after almost 50 years […]
Argentina seeks more financing in economic projects from China
The Argentine Minister of Economy, Sergio Massa, held a meeting this Friday with the Chinese ambassador, Zhou Xiaoli, with the intention that both nations carry out projects to promote economic development, according to official sources. According to a statement from the Palace of Finance, Massa raised with the diplomat the possibility of visiting China at […]
Argentina achieves 64% adhesion for the exchange of its local debt
Government Argentinian achieved an average adherence of 64% for the voluntary exchange of its sovereign debt in local currency, an initiative announced last Monday with the aim of alleviating the burden of short-term maturities and providing greater certainty to the financial system, as announced this Thursday. According to sources from the Ministry of Economy, this […]
Argentina announces increases for retirees to offset losses due to inflation
Argentina announced this Friday an increase in retirement and pensions of 17.04% along with a bonus of 15,000 pesos for 3 months (78 dollars) for those who receive the lowest pensions, which will raise the minimum retirement to 73,665 pesos (386 dollars). The Minister of Economy, Sergio Massa, together with the director of the National […]
Ukraine, EU-Mercosur agreement and investments are the focus of the Scholz-Fernández talk
the war on Ukrainethe ratification of the free trade agreement between the European Union (EU) and the Southern Common Market (mercosur) and investments in projects of various kinds were the focus of the meeting held this Saturday between the German Chancellor, Olaf Schölzand the Argentine president, Alberto Fernandez. With this meeting, the head of the […]