Argentina’s trade surplus jumped 91.7%, equivalent to 9.8 billion US dollars in the first half of this year compared to the same period a year ago, according to the latest release from the country’s statistics office, Indec.
Magnasco, one of the oldest dairy farms in Argentina with a history of more than 50 years has ceased activities and will dedicate its farmland to potatoes. The family business which owns four dairy farms and rents another five took the drastic action because “there’s no way of making of profit” with the erred agriculture policies from the administration of the Kirchner couple.
Argentina will seek to remove from the bonds market nearly 40% of its sovereign debt and meet all its financial obligations, Economy Minister Amado Boudou was quoted by a Buenos Aires daily on Sunday.
Argentina declared a nationwide alert on Friday after pigs in the province of Buenos Aires were confirmed to have the A/H1N1 flu virus, health authorities said. Thousands of people have contracted the virus in Argentina and 137 people in the country have died.
In the coming two weeks the Spanish-Argentine YPF energy corporation should have concluded its first round of seven exploratory wells in the South Atlantic, and towards the end of the year, or beginning of 2010, will start drilling in deeper waters in the Malvinas basin, according to company sources.
Argentina’s economy had its worth monthly performance in almost seven years in May amid slumping industrial production and construction. Economic activity was unchanged in May from a year earlier, the first time the government hasn’t recorded growth since November 2002. The economy rose 0.1% in May from April, according to the national statistics agency, Indec.
The Non-Aligned Movement (NAM) leaders approved this week the admission of Argentina and the World Peace Council (WPC) as observers at the its 15th summit currently held in the Egyptian Red Sea resort of Sharm el-Sheikh.
The United States Department of State has sent out a travel alert to US citizens travelling to or residing in Argentina on the health risks associated with the World Health Organization (WHO)-declared 2009-H1N1 influenza pandemic, which has resulted in illness in numerous countries. The current outbreak in Argentina has caused federal, provincial, and municipal authorities to announce several measures to prevent the illness from spreading.
On the tenth anniversary of the agreement July 14th 1999 between Britain and Argentina on the Falklands, an elected representative of the time still maintains she was right to disagree with the decision that allowed Argentine passport holders the right of access to the Islands.
The fortune of Argentine President Cristina Fernandez de Kirchner and her husband and former president Nestor Kirchner soared 158% in 2008 having reached the equivalent of 12.1 million US dollars according to sworn statements from the couple published Tuesday in the Buenos Aires press.