Keeping electricity rates frozen cost the Argentine Treasury four billion US dollars in four years, from 2003 to 2007. A sum which could have been invested in six 800 MW thermal generation plants or two gas pipelines from Bolivia according to Argentina's Cammesa, manager of the country's wholesale electricity market.
The Argentine government contracted 37.000 civil servants under the administration of president Nestor Kirchner, (2003/2007) which works out at an average of 35 new employees every day, according to reports from the Ministry of Economy published Monday in the Buenos Aires press.
Argentina's Patagonian hydrocarbons rich province of Chubut announced this week the discovery of new oil deposits that will help double the province's production, anticipated Governor Mario Das Neves.
Argentina fisheries exports dropped in volume and value in 2007 according to the latest release from the country's Nacional Food Safety and Quality Service (SENASA). Exports totaled 505.794 tons of fish and shellfish valued 1,027 billion US dollars which is 13% and 14% below 2006.
Argentina reported a monthly primary budget deficit for the first time in three years pushed by higher social security spending and subsidized loans for small businesses.
British Airways has announced plans to significantly increase services to South America with a daily direct flight to Buenos Aires and starting next winter non-stop flights to Rio de Janeiro.
Argentina's president Cristina Fernandez de Kirchner officially announced Wednesday that the French group Alstom and its partners IECSA, Emepa, Isolux Corsan have been awarded the first very high-speed train link project in Latin America.
China has come to the rescue of Argentina's Antarctic effort with the icebreaker Xuelong (Snow Dragon) scheduled to call in Buenos Aires next January 25 and load 200 cubic meters of general cargo for Argentine bases.
Beef consumption in Argentina in 2007 reached 67.2 kilos per capita, 10.4% over the previous year according to the country's Chamber of Meat Industry and commerce, Ciccra, which also predicts a strong domestic demand in 2008.
Frustrated passengers smashed ticket counters and threw objects at airline staff at Argentina's main airport on Saturday after the country's flagship airline canceled international flights for a second day.