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 †the higher figure since the 455,000 sold in the entire 1998 †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.