Argentina

Thursday, December 28th 2006 - 20:00 UTC
Argentine banks must return 2001/02 frozen deposits

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.
Wednesday, December 27th 2006 - 20:00 UTC
Argentine fisheries exports 510.000 tons in ten months

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
Tuesday, December 26th 2006 - 20:00 UTC
Argentina's international reserves set to reach 43 billion

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.
Tuesday, December 26th 2006 - 20:00 UTC
Mrs. Kirchner with increasing chances for October 2007

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
Monday, December 25th 2006 - 20:00 UTC
Italy's Gruppo Beltrame mulls steel plant in Argentina

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.
Monday, December 25th 2006 - 20:00 UTC
Argentina determined to ban double fishing licences

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.
Wednesday, December 20th 2006 - 20:00 UTC
Argentina's recovery fuels car sales

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.
Wednesday, December 20th 2006 - 20:00 UTC
The Economist: energy Argentina's “biggest worry”

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.
Monday, December 18th 2006 - 20:00 UTC
Energy crisis

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.
Sunday, December 17th 2006 - 20:00 UTC
Argentina begins 3D exploration in South Atlantic

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.