Argentina almost doubled its inflation in 2022, closing with 94.8% year-on-yearas reported by the National Institute of Statistics and Censuses of Argentina (Indec) on Thursday, January 12, 2023, climbing to an unprecedented figure since the end of the last hyperinflation of the South American country, 30 years ago. Accumulated inflation as of December 2022 was […]
Tag: argentina
Lithium: why Latin America is key to the global energy transition
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According to him United Nations Development Program (UNDP), Latin America hosts approximately 60% of the lithium identified in the world. Argentina, Bolivia and Chile are considered to be in the “lithium triangle”, an area of the Andes that borders the three neighbors and is rich in lithium reserves. lithium. The United States Geological Survey (USGS) […]
Lionel Messi MGO clothing line erases 232% jump in debut
The stock fell below the offer price of $5.00 hours after trading as high as $16.61—an increase of 232%—in the first session following the company’s $7.5 million initial public offering. company. Trading was halted several times due to volatility, including shortly after opening at $8.60, a 72% increase on his first trade. (INSERT GRAPHIC) Messi, […]
Empty banks in Argentina are now expensive ATMs
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Ghost branches like this one, where customers who need more than an ATM are no longer served, but are not technically closed, have become commonplace in Argentina. Like its counterparts around the world, Santander and its Argentine rivals such as BBVA Argentina, Grupo Financiero Galicia and Grupo Supervielle are looking to close physical branches as […]
The “new normal” of drought in Argentine wineries
With more than 600 wineries in charge of producing around 10 million hectoliters of wine per year, the province of Mendoza (west) has established itself as the main exponent of this drink in Argentina, a model that today faces a major challenge for its subsistence. : the drought. Located in the arid South American diagonal, […]
Argentina must avoid “hot money”, warns economist
“We are not interested in hot money in Argentina”, said Carlos Melconian, director of the IERAL think tank, in an interview from his office in Buenos Aires. “A flow of capital that generates quick profits and is confused with the element of trust, we are not interested in.” Melconian, who previously headed Argentina’s state-owned Banco […]
The Argentine government recommends that its citizens evaluate difficulties if they travel to Peru
The government of Argentina recommended this Tuesday to its citizens to evaluate the difficulties they might have if they plan to travel to Peru due to the current political crisis it is going through. “It is suggested to Argentine citizens who are planning to visit the Republic of Peru in the near future, make the […]
Despite the crisis, Argentines throw the “house out the window” for the end of the Qatar 2022 World Cup
Where does so much Argentine come from? Many wonder in Qatar. Thousands of compatriots from Messi and company colonize the opulent and distant Dohaat the same time, borders inside, in Argentina the delirium for his selection keeps a country in constant crisis in a continuous party, which drags years of high poverty, inflation and devaluation […]
Ecuador will respond to the asylum granted by Argentina to former Correa minister
The Government of Ecuador anticipated that it will respond with Ecuadorian legislation, international law and the respective conventions to the asylum granted by the Government of Argentina to María de los Ángeles Duarte, who was a minister during the presidential term of Rafael Correa and convicted of corruption. In a statement, the Ecuadorian Ministry of […]
War in Ukraine leads Argentina to resume protectionist manual
Argentina, a world agricultural power, is again meddling in export markets as the Russian invasion of Ukraine fuels food inflation, providing the perfect excuse to revive protectionist tendencies. The ruling coalition that took power in 2019 is packed with officials who support intervention in crop and beef markets to secure supplies and lower prices for […]