Argentina’s trade surplus reached 1.014 billion dollars in July, which is 54% higher than the same month a year ago. Exports totalled 7.4 billion and imports 6.37bn according to the latest release from the official stats office, Indec.
Argentine president Cristina Fernandez had to cancel all her Wednesday activities because of a lipothymy episode (low blood pressure) and was instructed to rest for the rest of the day at the presidential residence in Olivos.
Three Argentine economists, particularly close to the government of President Cristina Fernandez have admitted that the Argentine Peso is overvalued and is causing problems for non commodity exports which need to be addressed.
Argentine lawmaker and close counsellor of President Cristina Fernandez Carlos Kunkel rejected on Tuesday the idea that the ‘Kichnerite era’ could end if President Cristina Fernández is not re-elected in 2015 presidential elections as has been suggested by some of her followers and the opposition.
Argentina trade surplus in the first half of the year reached 7.336 billion dollars, up 26.8% over the same period a year ago, with exports reaching 39.647bn dollars and imports 32.311bn, according to the official stats office Indec.
Argentina's economic activity remained flat in June compared to a year ago, according to the latest release from the country’s questioned stats office, Indec. The EMAE economic activity index, a close proxy for GDP published on Friday showed a 1.1% expansion in June versus May and 2.5% in the first half of the year.
One of the world’s leading banks, the Industrial and Commercial Bank of China (ICBC) has been authorised to operate in Brazil, indicates a Brazilian government decision published on Thursday in the official gazette.
Argentina’s Central bank confirmed that during the “Kirchner era” the country paid 32 billion dollars in pending debts, “the centre piece of the policy to recover sovereignty by cutting indebtedness” and praised the decision to appeal to the bank’s international reserves to support such a policy.
Argentine President Cristina Fernández said on Tuesday that there has always been “clashes and discussions” between companies and their workers but called on both parties to be “rational enough since they need each other in order to avoid collapsing, something we all experienced during the 2002 crisis.”
Relations with Chile are an example of the fabulous transformation of regional politics in the last three decades, said Argentine Defence minister Arturo Puricelli during a conference at the Chilean military school.