discuss hydrocarbon and fisheries issues in the South Atlantic with the UK, following on the road map agreed last September in the joint statement. These issues were described as fundamental and will be discussed in the Argentine congress, but others such as trade and navigation, do not need to be consulted with the legislative branch.
Argentina's government has agreed to extend a natural gas wellhead price subsidy until 2020 and reduce labor costs in a bid to jumpstart investment in the Vaca Muerta shale formation. The agreement, reached between the national government, the provincial government of Neuquen, industry and labor unions, comes at a time of lackluster upstream activity, reflecting an uncertain price environment and cost concerns.
Investors betting on Argentina's stock market could make a return of 258% in five years, according to analysts at Morgan Stanley. Argentina is returning to economic and political normality after years in the capital markets wilderness following its 2002 debt default and financial collapse, Morgan Stanley said in a note to clients.
Half the Argentine labor force employed was making at the end of the third quarter a monthly average of 9.000 Pesos, equivalent approximately to US$ 565, while the poorest 10% averaged 2.500 Pesos (approx US$ 165) and the richest 10%, anywhere from 20.000 to 250.000 Pesos (US$ 1.250 to 15.000) a month, according the revamped Argentine stats and census office, Indec.
The Argentine media has published details of the Red Cross humanitarian mission in the Falkland Islands to identify the remains of the 123 unknown Argentine soldiers buried at the Darwin cemetery, and a single word stands out, confidentiality, from the beginning to end, including a final assessment to decide what will effectively be released to the media.
Celebrity Cruises will be returning to Argentina in the 2018/19 season, and in a big way, with the Solstice class vessels, the Celebrity Eclipse, according to their local agents in Buenos Aires, Navijet S.A. Celebrity Eclipse is among the top twenty largest cruise vessels was launched in 2010, has a maximum capacity of 4.400 including passengers and crew members.
Uruguay and Argentina have imposed a hake catch ban in the shared fishing zone of the River Plate until the end of March, and also established a full twelve month catch of 50.000 tons.
A former Argentine Army chief and Malvinas veteran, General Martin Balza said on Tuesday that president Mauricio Macri's government must strengthen its dissuasion and negotiation capacities in the Malvinas Islands question, and should surround himself of prudent advisors on the matter.
Argentina has decided to reinstate refunds for agriculture exports, responding to a promise to the provinces from president Mauricio Macri but also to prop foreign trade and boost the most dynamic sector of an anemic economy. The fiscal cost is estimated in 165 million dollars and is extensive to wheat flour, beef, sunflower oil, powder milk, cheese, honey and other produce from the provinces.
Argentina announced the purchase of four Israeli high speed and fully armed river patrol vessels, together with an integrated vigilance system for land border crossings, with a total bill of eighty million dollars.