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MercoPress, en Español

Montevideo, November 22nd 2024 - 22:13 UTC

Argentina

  • Friday, May 17th 2024 - 21:17 UTC

    Argentine Gov't submits bill to Congress providing for easier gun ownership or disposal

    The Pevaf ceased to be in force after Dec. 31, 2023, because no extension had been granted by Congress unlike in previous years

    The Argentine administration of President Javier Milei sent this week a bill to Congress to make legal gun ownership easier while at the same time encouraging holders wishing to do so to dispose of their weapons. According to the Security Ministry, there are some 800,000 unregistered firearms users nationwide.

  • Friday, May 17th 2024 - 20:18 UTC

    Milei lands in Madrid, praises his administration's achievements

    During the weekend, Milei is also scheduled to hold encounters with Spanish businesspeople

    Argentine President Javier Milei landed Friday in Madrid after a refueling stopover in the Canary Islands, for a series of engagements, none including a member of the Spanish government or the royal house. Also aboard the ARG 01 aircraft was Presidential Secretary Karina Milei.

  • Friday, May 17th 2024 - 11:59 UTC

    Argentina's industrial activity keeps dropping

    The sharp drop can be partly explained by last year's “soybean” dollar boosting sales abroad

    Despite victorious announcements from President Javier Milei's government, industrial activity in Argentina fell for the tenth consecutive month amid a growing loss of purchasing power. Interannually, a 17.2% drop was recorded after March's 4.7% decline. In addition, the first quarter of 2024 showed a year-on-year 11.7% slide.

  • Thursday, May 16th 2024 - 19:08 UTC

    Argentina needs to solve its exchange rate problem, IMF spokeswoman says

    Milei's government will need to evolve to keep its successful plan going, Kozack warned

    International Monetary Fund (IMF) Spokeswoman Julie Kozack said that Argentina needed to lift the exchange rate ceiling if the government were to protect the country's Central Bank reserves. Kozack's remarks during a press conference came a day after Economy Minister Luis Toto Caputo announced that the South American nation was on course to dollarization.

  • Thursday, May 16th 2024 - 14:42 UTC

    Venezuela denies safe-conducts to asylum seekers in Argentine embassy

    “There are no safe-conducts for those who do not love this homeland,” Cabello stressed

    Venezuela's regime Wednesday denied Argentina's request for safe-conducts whereby six dissidents housed in the diplomatic mission in Caracas would be able to reach the airport and take a flight to Buenos Aires, government strongman Diosdado Cabello confirmed while calling Argentine President Javier Milei a “fascist.”

  • Thursday, May 16th 2024 - 10:58 UTC

    Argentina getting ready to dollarize its economy, minister says

    Argentina still needs to terminate the “stocks” holding the parity between the local peso and the US dollar, Caputo explained

    Argentine Economy Minister Luis 'Toto' Caputo said Wednesday that the Libertarian administration of President Javier Milei had that the Government has “everything ready for dollarization.” The “recovery is very close,” he added as the “blue” (a euphemism for “black market”) dollar bounced back after it became evident that the government would be unable to deliver on Milei's promise to have an agreement signed with the provincial governors by May 25.

  • Wednesday, May 15th 2024 - 16:58 UTC

    Milei celebrates inflation figures football-style

    Milei thanked Toto Caputo for the latest achievement

    Argentine President Javier Milei became overtly extrovert on social media Tuesday after the National Institute of Statistics and Census (Indec) announced that April's monthly Consumer Price Index (CPI) had stood at 8.8%. “GOOOOOOOOOOOOOOOOOOOL...!!!!,” he wrote in football-fan mode. Meanwhile, Presidential Spokesman Manuel Adorni said inflation had “its death certificate signed.”

  • Tuesday, May 14th 2024 - 23:05 UTC

    Argentina: Inflation keeps decelerating in April

    Before April, monthly inflation had remained in double digits for five months in a row, Argentina's National Institute of Statistics and Census reported

    Argentina's National Institute of Statistics and Census (Indec) Tuesday announced that April's Consumer Price Index (CPI) stood “at 8.8% in April 2024 compared to March and 289.4% year-on-year.” The government agency also noted in its X account that “they accumulated an increase of 65% in the first quarter.”

  • Tuesday, May 14th 2024 - 10:49 UTC

    Man who threw bottle at Milei jailed for 3 and a half years

    The offender had a previous history of violence and was under the influence of alcohol during the attack

    A Buenos Aires court Monday validated a plea agreement with the prosecution whereby the man who threw a bottle at President Javier Milei's motorcade on inauguration day has been sentenced to three and a half years in prison. In the incident, the perpetrator nearly missed the head of state's head and hit a security guard instead.

  • Monday, May 13th 2024 - 20:45 UTC

    Argentina passes IMF test with flying colors, will get US$ 800mn

    The IMF thanked Caputo and Bausili for their strong commitment to restoring economic stability

    After passing the eighth review of its debt refinancing program with the International Monetary Fund (IMF), Argentina is expected to receive a US$ 800 billion disbursement in the coming weeks, it was announced Monday. However, the transaction still needs to be approved by the IMF Board of Directors.