The Argentine financial deficit soared to 13.5 billion Pesos in the first seven months of the year and could have reached 25.9bn Pesos had it not been for extraordinary resources from Social Security funds and the Central bank, according to the numbers published in the last release from the Central Bank.
The Argentine government is further tightening the US dollar clamp. On Thursday the Central bank announced that state-run banks and agencies will be the only ones officially allowed to operate foreign currency exchange offices in airports and ports.
“You only have to fear God, and me a little bit, at least while you are staff that depends from me”, said Argentine President Cristina Fernández publicly voicing her discontent towards some of her cabinet members after a court order interrupted a series of public works in the Buenos Aires province.
The Argentine blockade can’t stop the Falkland Islands and “if Argentina believes that these aggressions are going to change the mind and spirit of the Islanders, they are dead wrong, much on the contrary”, said Falklands’ lawmakers currently visiting Guatemala on a tour of Central America and Mexico.
Argentina's trade surplus rose to 1.64 billion dollars in August, more than double the surplus in the same month a year ago achieving the twelve months target four months ahead, President Cristina Fernandez announced on Thursday.
The Argentine government signed the decree on Thursday formalising the decision for the state to begin to control a part of the mobile phone sector, a measure announced on Wednesday by Planning Minister Julio De Vido.
Argentina’s Security Ministry issued a tough press release in response to the alleged police operative deployed by the Santa Cruz government in order to monitor the activities of President Cristina Fernández last weekend.
Argentina announced the government has rejected the proposals made by bidders seeking to gain a public contract to manage up to 25% of the 3G telecommunications frequency nationwide. Instead the federal government satellite and communications company Arsat will get 20% of the available 3G spectrum.
Real estate sales in Buenos Aires City dropped for the eighth month running in July and 27.6% over a year ago because of the US dollar clamp according to the monthly evolution index of sales documents from the Notaries College of the Argentine capital.
International arrivals in Chile in the first half of the year showed a significant growth of 15% compared to the same period a year before, having totalled 1.850.048 tourists, according to the Chilean Tourism Barometer compiled by Fedetur, the Federation of Tourism companies from Chile.