After a decade of growth, the Argentine government faces this year a decline as industrial output falls and a high inflation rates hits consumer spending and new investment. The Argentine economy grew steadily recovering from a 2001-2003 debt crisis and expanded 3% last year but it stumbled in the fourth quarter and could slid into a recession at the start of this year.
President Cristina Fernández, CFK, addressed on Sunday the crowd which had gathered in the historic Buenos Aires Plaza de Mayo to mark the anniversary of Argentina's May Revolution, calling on those present to remember all the people who helped create an independent nation.
Argentina's Secretary to the Presidency Oscar Parrilli said on Friday that the letter sent to President Cristina Fernandez and which caused a controversy with local Church officials, is authentic. Argentine ambassador to the Vatican Juan Pablo Cafiero was contacted by Pope Francis to confirm the situation.
If the recent protests and demonstrations across Brazil prior to the World Cup are any indication of the domestic and public violence that is expected to happen, fans, of all nationalities must be cautious, as the Brazilian military police has warned.
One of Argentina's main industry leaders, Fiat CEO Cristiano Rattazzi. said that the boost of auto manufacturing during 2013 and record sales was fed on 'steroids' and demanded more reliability in the rules to revitalize sales.
Argentina’s government could at any stage now force Spanish seafood group Pescanova to divest its squid fishing operation based in the Falkland Islands, as it is reportedly breaching fishing legislation, said Spanish media.
Argentina has won the geological lottery with its 305 meters-thick Vaca Muerta shale oil and gas field in Patagonia, a spokesman for Chevron said on Thursday, as the U.S. energy giant increases its investments in the country. The company and state-owned oil firm YPF announced plans last month to invest an additional 1.6 billion to develop Vaca Muerta.
Spanish oil company Repsol has ended its operations in Argentina, two years after the government seized its assets. Last month the Argentine congress gave final approval to pay 5bn dollars in compensation for Repsol's stake in Argentine oil firm YPF.
A roundtable on soccer organized by the Argentine Embassy in London in the wake of World Cup, Argentina Ambassador, Alicia Castro, highlighted the “cultural links between Argentine and British people” and said “soccer is one of the strongest”.
The Falklands Islands reaffirmed its right to self determination supported by the UN charter and different resolutions going back to 1960, and at the same time accused Argentina of doing its utmost to damage the Islands economy.