Argentina

• Wednesday, March 22nd 2023 - 10:24 UTC

  Massa to announce new measures as Argentine peso sinks against US dollar

  

  With the informal exchange rate between the Argentine peso and the US dollar known as “blue” going up AR$ 8, and reaching a new record high of AR$ 394, Economy Minister Sergio Massa is planning a set of measures to reverse that trend. The new package is to be conveyed to businessmen and bankers over breakfast Wednesday before being announced.

• Wednesday, March 22nd 2023 - 10:16 UTC

  Puebla Group supports CFK at Buenos Aires gathering

  

  The Puebla Group Tuesday expressed its support to Argentine Vice President Cristina Fernández de Kirchner (CFK) during a convention at Buenos Aires' Centro Cultural Kirchner (CCK).

• Wednesday, March 22nd 2023 - 10:10 UTC

  First shipment of Argentine beef to Mexico takes off

  

  The first shipment of Argentine beef took off from Ezeiza Airport Tuesday on an AeroMexico flight after more than 10 years of negotiations, the South American country's National Service for Agrifood Health and Quality (Senasa) reported. Both countries had agreed on December 2 on the sanitary certificate requirements.

• Tuesday, March 21st 2023 - 10:05 UTC

  Argentina tries to collect toll from Paraguay for Parana waterway traffic

  

  As of Monday last week, Argentina's General Administration of Ports (AGP) started issuing invoices for “navigation settlements of the previous months.” In other words, a fee began to be collected for the passage of Paraguayan cargo through the Santa Fe-Confluencia section.

• Tuesday, March 21st 2023 - 09:47 UTC

  Argentine electricity company under intervention for 180 days

  

  Following seemingly endless power cuts in the Buenos Aires area, Federal Economy Minister Sergio Massa ordered the intervention of suppliers Edesur and appointed Jorge Ferraresi as the company's new controller for a period of 180 days.

• Saturday, March 18th 2023 - 09:49 UTC

  Argentina and Uruguay: Foreign Ministers agree on presidential summit next month

  

  Foreign Ministers Francisco Bustillo of Uruguay and Santiago Cafiero of Argentina Friday agreed to broker a bilateral presidential summit between Alberto Fernández and Luis Lacalle Pou in April, during which a joint declaration is expected to be reached regarding recent agreements between the top diplomats.

• Saturday, March 18th 2023 - 09:35 UTC

  Israel's Embassy in BA commemorates bombing's 31st anniversary

  

  Israel's Embassy in Buenos Aires Friday held a ceremony marking the 31st anniversary of its old headquarters being destroyed in a bomb attack allegedly sanctioned by Hezbollah.

• Friday, March 17th 2023 - 10:15 UTC

  Tense relationship between Ecuador and Argentina due to former minister's escape to Venezuela

  

  Ecuador expects to overcome the diplomatic crisis with Argentina soon after both nations withdrew their ambassadors amid questioning from Quito regarding the escape of a former minister convicted of corruption who was taking refuge in Argentina's diplomatic residence in Ecuador.

• Friday, March 17th 2023 - 08:48 UTC

  BCRA adjusts benchmark interest rate: 78% annually

  

  Argentina's Central Bank (BCRA) Thursday decided to raise the benchmark interest rate by 300 basis points to 78% annually, it was announced in Buenos Aires the day after the INDEC said the Consumer Price Index for the month of February ad grew 6.6% for a year-on-year inflation of 102.5 %, the highest in the last 32 years.

• Friday, March 17th 2023 - 07:37 UTC

  Argentina, SAAB sign military radar technology deal

  

  Argentina's Defense Minister Jorge Taiana Wednesday signed the so-called “Productive Cooperation Agreement” deal with Swedish developers SAAB Dynamics. The agreement provides for SAAB's support to the Argentine company INVAP for the integration of radars to the RBS-70 system, as well as for the technological transfer to the Armed Forces.