Updated on 10/25/2021 07:30 pm US capital companies operating in Argentina questioned the recent decision of the Peronist government to Alberto Fernandez to go back to October 1 and freeze the prices of food and other mass consumption products for three months. The Chamber of Commerce of the USA in Argentina (AmCham) expressed in a […]
Tag: Alberto Fernandez
Argentines seek dollars before more bets on a devaluation
Argentine investors are becoming increasingly pessimistic about the peso, betting that the government will inevitably be forced to accelerate the devaluation after the November elections. The growing demand for foreign exchange meant that dollars now cost 196 pesos in the parallel market used to evade exchange controls, almost double the official rate. It is the […]
Peronist government sets maximum prices for mass consumer products in Argentina
Updated on 10/19/2021 07:59 pm The Ministry of Internal Trade of Argentina issued a resolution that establishes the temporary fixing of maximum consumer prices for producers, marketers and distributors of 1,432 mass consumption products in an attempt to contain an inflationary escalation. The measure was known after a meeting with representatives of business chambers that […]
Peronist government of Argentina will give incentives to convert social plans into formal employment
The president of Argentina, Alberto Fernandez, signed a decree to grant incentives with the aim of converting the social assistance plans granted by the State to people from vulnerable sectors into formal jobs. The decree, published this Tuesday in the Official Gazette, affirms that one of the main objectives of the Government is that the […]
Argentine inflation gains momentum again and the Peronist government imposes more price controls
The inflation, one of the endemic problems of the Argentine economy, regained strong momentum in September, thus breaking its downward trend registered in the previous five months. According to data released this Thursday by the National Institute of Statistics and Censuses (Indec), the consumer price index advanced 3.5% in September compared to last August and […]