Argentina's economy exited a prolonged recession in the second half of last year, with government data on Tuesday showing a 0.5% expansion in the fourth quarter of 2016 compared with the third quarter. Indec stats agency also revised its estimate for third-quarter GDP to a 0.1% increase over the second quarter, up from a 0.2% decline previously. Taken together, the data show Argentina's economy grew in the second half after shrinking for three straight quarters.
Argentina has the potential to increase food sales to the UK by 28% in the short term, from the current US$ 830 million to US$ 1.060bn, according to the president of the powerful farmers' organization, Argentine Rural Society, Luis Miguel Etchevehere, currently in London with a business mission sponsored by the Argentine foreign ministry, the Argentine-British Chamber of Commerce and the embassy in London.
The much publicized and controversial bid from an Argentine group to acquire a leading position in the Falkland Islands Holdings, which owns the Falkland Islands Company, closely linked to the Islands' history and economy, has been considered “a real hazard” by FIH directors.
Ushuaia in Tierra del Fuego was forced on Monday to close down government offices, suspend classes and impose a blackout rotation program following a serious leak from the natural gas pipeline which is the main source of power for the Argentine extreme south province capital.
An RAF transport aircraft last week allegedly made a two-day return trip to Sao Paulo from MPA in the Falkland Islands, according to a report from columnist Martin Dinatale, based on sources from the Argentine Defense ministry. The aircraft was an Airbus 330 which left MPA on Sunday 12 March at 22:44, and landed in Sao Paulo at 2:47 early Monday March 13. On 14 March at 23:47 the Airbus returned to the Falklands.
The British Government is re-introducing export credit financial support for UK businesses looking to trade with Argentina after an almost 20 year hiatus. The announcement was made in Buenos Aires as part of a visit to South America by International Trade Minister Greg Hands, covering Argentina, Brazil and Peru.
Argentine Veterans and relatives of fallen in Malvinas had a surprise for Nobel Peace Prize Adolfo Perez Esquivel and his party of fourteen, including a founder of Mothers of Plaza de Mayo, when they landed in Buenos Aires airport after spending a week in the Falkland Islands where they travelled with a “peace, dialogue and sovereignty” message to the Islanders.
The Argentine Ministry of Transport awarded American Jet authorization for an air link between Comodoro Rivadavia, in Patagonia and the Falkland Islands, according to Resolution 136-E/2017 published in the Official Gazette and signed by minister Guillermo Dietrich.
Finance minister Nicolas Dujovne will be heading this week the largest Argentine business delegation to visit the UK in twenty years, jointly organized by the Argentine-British Chamber of Commerce with support from the Argentine foreign ministry and the embassy in London.
The Falkland Islands government, FIG, stated on Friday that any proposal change of ownership affecting assets held in the Islands will be scrutinized for compliance with Falklands law. The statement follows the Argentine Dolphin Fund's announcement to the London Stock Exchange, earlier this week, of its interest in taking over the private company Falkland Islands Holdings, FIH.