Argentina

• Tuesday, January 30th 2018 - 10:24 UTC

  Macri implements pay freeze and eliminates 1.000 “political positions”

  

  President Mauricio Macri said on Monday that government employees in Argentina won't receive pay raises this year as part of a string of measures aimed at cutting spending. Macri also announced the elimination of 1,000 “political positions” and the firing of family members appointed as advisers by government ministers. The measure is expected to save the government about US$75 million.

• Tuesday, January 30th 2018 - 08:03 UTC

  Argentina: Antarctic tribute to lost San Juan crew

  

  They formed the number 44 on the ice as they headed into the Antarctic while performing a traditional military salute next to their ship, the ARA Almirante Irizar. Forty-four submariners on the ARA San Juan were lost in the waters of the South Atlantic on 15 November.

• Monday, January 29th 2018 - 11:01 UTC

  Macri and ministers expected to freeze their salaries, for one year, as part of the austerity measures

  

  The government of Argentine president Mauricio Macri is expected to announce on Monday as part of the overall austerity and adjustment programs, a freeze on all top government salaries and the reduction of at least 20% in political nominee posts in the Executive branch.

• Monday, January 29th 2018 - 06:31 UTC

  Argentina will not recognize Venezuela election results, anticipates Macri

  

  Argentina will not recognize the results of upcoming elections in Venezuela, President Mauricio Macri has said accusing strongman Venezuelan leader Nicolas Maduro of running a “dictatorship”.

• Saturday, January 27th 2018 - 08:25 UTC

  Macri and Macron agree in most issues, but not in the EU/Mercosur talks

  

  Argentine president Mauricio Macri ended on Friday his European tour in Paris, where he addressed the business community and potential investors, and later held a private meeting with president Emmanuel Macron. According to Argentine sources there is strong French investors' interest, but apparently Macron held his ground when regarding the EU/Mercosur overall trade agreement.

• Friday, January 26th 2018 - 09:24 UTC

  “Argentina has left the populist experiment, and no other country has its potential”

  

  Argentina has left behind its populist experiment, and there is no other country with greater potential, Argentine president Mauricio Macri told the World Economic Forum in Davos during a speech to the forum of world political and business leaders.

• Thursday, January 25th 2018 - 09:53 UTC

  Argentine economy expanded 3.9% in November over a year ago

  

  The economic activity index in Argentina, a proxy for the country's Gross Domestic Product (GDP), rose 3.9% in November from a year before - decelerating from October, when the index posted an annual rise of 5.2%.

• Thursday, January 25th 2018 - 09:47 UTC

  Macri meets EU leaders in Davos; Argentina sells research reactor to Holland

  

  Argentine president Mauricio Macri held on Wednesday a meeting with the German Chancellor Angela Merkel in the framework of the World Economic Forum in Davos, Switzerland, in which they discussed German investments in Argentina through Private-Public Partnership (PPP).

• Thursday, January 25th 2018 - 09:42 UTC

  Enap Sipetrol acquires offshore block at the Austral basin, Santa Cruz province

  

  Chile's Enap Sipetrol has acquired an offshore block, Octans Pegaso, on the Argentine continental shelf off the coast of Patagonia province of Santa Cruz. The block covers 886 square kilometers and is 20kms off Santa Cruz coast at its closest point to land. It was purchased from the consortium made up of Total Austral (35%), Wintershall (35%) and ENI (30%).

• Thursday, January 25th 2018 - 06:39 UTC

  Macri and Putin in Moscow reaffirm Argentina/Russia strategic relationship

  

  Argentine President Mauricio Macri and his Russian counterpart, Vladimir Putin, signed on Tuesday a declaration aimed at strengthening bilateral cooperation during a press conference at the Kremlin. Macri told Putin that he hoped this marked the first of many visits to the Russian capital and highlighted their countries’ mutual interests.