The Parliament of Argentina approved this Thursday a law that prohibits its citizens from driving vehicles of any size and weight with more than zero milligrams of alcohol in their blood. By means of 48 votes in favor and 9 against, the Chamber of Senators gave the necessary half sanction so that the “Zero Alcohol” […]
Tag: argentina
Argentina and Brazil advance in challenge to “reactivate” Unasur
Authorities from Argentina and Brazil discussed in a meeting in Buenos Aires the “challenges to reactivate” the Union of South American Nations (Unasur), an organization to which both countries have just returned, as “determining strategic space” of the region in the international arena. As reported this Tuesday by the Argentine Ministry of Foreign Affairs, the […]
IMF cuts expansion estimate for Latin America this year How much will Peru grow?
The economy of Latin America and the Caribbean will grow 1.6% this year, 0.2 percentage points less than anticipated in January, in a context marked by subjacent inflation “stubborn”, indicated this Tuesday the IMF. In updating its economic outlook, the International Monetary Fund also forecasts that Brazil’s economy will expand 0.9% (-0.3 percentage points compared […]
Argentina: agricultural exchange rate debuts without annotations
The debut of the new dollar for agricultural exporters did not register cash entries on Monday despite the implicit devaluation that it represents for the peso, when the Government seeks by all means to increase the scarce net reserves of the central bank (BCRA). The official desperation to get hold of foreign currency led to […]
The volume of the Argentine sustainable debt market doubled in 2022
The market volume of sustainable debt in Argentina It was located at the end of last year at 993.3 million dollars, with a growth of 111% compared to the end of 2021, according to an official report released this Monday. “The sustainable debt market is experiencing more than significant growth and has the capacity to […]
IMF: Reduced Argentina’s net reserve accumulation target
The executive board of the International Monetary Fund (IMF) reduced the net reserve accumulation target of Argentina by the end of this year to US$ 8,000 million, from US$ 9,800 million, it was officially reported. The wholesale peso fell sharply 1.01% after four days of inactivity, to 213.37/213.39 per dollar through the regulation of liquidity […]
Argentina completes its first harvest of hemp, a derivative of cannabis
Argentina completed its first harvest of industrial hempa variety of the plant cannabisin more than 50 years, thanks to the approval of a new regulatory framework that allowed the cultivation of this species, official sources reported this Saturday. The Argentine company Industrial Hemp Solutions (IHS) was in charge of carrying out this harvest, by importing […]
Argentina’s new “soybean dollar” plan will run from Saturday to the end of May
Argentina’s plan to increase its foreign exchange reserves by encouraging soybean exports, which will be announced on Wednesday, will take effect next Saturday and will run until May 24, a government source said. The measure, known locally as the “soybean dollar”, will seek to accelerate sales of the oilseed by offering farmers a higher exchange […]
Mergers and acquisitions of companies in Argentina grew in 2022
Argentina registered 91 mergers and acquisitions operations of companies last year, the highest number since 2018, for a volume calculated at 4,229 million dollars, according to a report released this Monday by the firm KPMG. This increase in operations in 2022 -23 more than in 2021- was due to a strong boost from mergers and […]
MLS challenges Brazil with markets in Mexico and Argentina down
A new center threatens to dethrone the Brazilian championship as the protagonist of American football: Major League Soccer (MLS), which is gaining ground by leaps and bounds by taking advantage of the decline in the traditional markets of Argentina and Mexico. American clubs have changed the strategy of signing famous players on the verge of […]