Five years later and in a long-awaited ruling, the Argentine Supreme Court ordered local banks to reimburse in full their customers savings that were frozen during the economic crisis of 2001/02, when Argentina also defaulted on its foreign debt.
Argentine fisheries exports (sea and fluvial; fresh and processed) during the first ten months of 2006 totaled 510.223 tons representing over a billion US dollars, according to the latest report from Senasa, Agro-food Health and Quality Service
Argentina's Central Bank international reserves are set to reach 43 billion US dollars by the end of next year according to estimates from the private BBVA Banco Francés, released Tuesday in Buenos Aires.
Argentine president Nestor Kirchner will leave office next December 2007 to concentrate on building his political force while the First Lady and Senator, Cristina Fernandez de Kirchner is the leading candidate to succeed her, anticipated this week Congress member Carlos Kunkel from the ruling coalition
BUENOS AIRES ÃÂ¢€” Italy's Gruppo Beltrame, Europe's fifth largest steelmaker, is considering plans to build its first plant outside Europe in Argentina at a cost of about 53 million dollars to manufacture plate for the shipbuilding sector, Río Santiago shipyard (ARS) said in a statement.
A reform of an Argentine law that would force many foreign companies to drop the fishing permits granted to them by the British-controlled Falklands/Malvinas Islands will be passed next April, Congressional sources in Buenos Aires told MercoPress.
Vehicle sales in Argentina rose a healthy 17 percent to 453,000 units in January-November ÃÂ¢€ the higher figure since the 455,000 sold in the entire 1998 ÃÂ¢€ on the back of a steady economic recovery accompanied by a favourable international scenario, the new chairman of the ACARA concessionaires association Dante Alvarez said.
In five years Argentina's recovery from catastrophe has been swift, but the biggest worry now is energy and how long growth can continue, writes The Economist in its latest edition.
Argentina is facing a severe energy shortage that many experts blame on the lack of investments since the 2001-2002 economy crisis and despite GDP has grown at about nine percent over the last four years.
Argentina began this month ninety days oil and gas 3D seismic surveying of its continental platform in the Colorada Marina basin 200 miles off Mar del Plata.