Commercial flights in Argentina, Uruguay and Paraguay were cancelled or reprogrammed Tuesday morning because of disruptions caused by the hovering volcanic ash being blown from the Chilean Puyehue which erupted five months ago.
Argentine President Cristina Fernandez promised on Monday to continue defending with ‘tooth and nails’ the powerful wheel of domestic consumption that has boosted the current economic model but also admitted the existence of ‘distortions which must be corrected’.
Argentine president Cristina Fernandez received strong support from the industrial sector for her latest policy of eliminating subsidies which are widely extended in the economy, but manufacturers also called for prudence and gradualism.
Over a third of metropolitan Buenos Aires, 34.9%, live below the poverty line which is equivalent to 4.4 million people, more than double the official Argentine government estimate, according to a paper from the Argentine Catholic University, UCA, and the local Caritas chapter from the Catholic Church.
Argentina's 2011-12 soybean area will likely rise 0.6% on the year to 19 million hectares, the Agriculture Ministry said in its weekly crop report. The forecast is the first from the ministry for soybeans, the country's top crop and export.
Argentina announced its full support to make the tip of the South American continent ‘a free movement of peoples’ area’ that would include Chile’s Magallanes region in the extreme south of the country and Tierra del Fuego, shared by the neighbouring countries.
Argentina's economy grew 7.7% in September from a year earlier, the government said on Friday, beating market expectations and marking the 25th straight month of growth.
President Cristina Fernández urged Argentines ”to make an effort to understand the moment the country and the world are undergoing” while heading a ceremony to commemorate the 160th anniversary of the Vuelta de Obligado battle in the Buenos Aires area of San Pedro.
Argentine economic activity grew at a steady pace in October but there are signs that growth will cool in the coming months, local consultants Orlando J. Ferreres & Asociados, OJF, said Thursday.
The French auto consortium Peugeot-Citröen agreed with the Argentine government not to remit earnings during two years (2011/2012), approximately 50 million dollars announced Argentine government sources.