Argentina has extended a price freeze on mobile, internet, and TV services until the end of 2020 after deeming them “essential public services”. The freeze prevents operators from increasing tariffs unless they receive permission from the country’s government. A price freeze has been in place since May and had been due to expire at the end of August.
IMF Managing Director Kristalina Georgieva, spoke with Argentina President Alberto Fernández on Wednesday, when conversations for a new credit arrangement were launched. The Managing Director made the following statement at the conclusion of the meeting:
Fires are raging in Argentina’s Cordoba province, prompting evacuations and threatening to destroy homes, fueled in part by strong winds and a lack of rain, officials said on Monday.
Argentine former president Eduardo Duhalde emphatically said that the scheduled midterm elections next year will not be taking place if no consensuses are reached by the political system and the overall situation continues to deteriorate.
Argentina confirmed a record 8,713 new cases of coronavirus on Monday and 381 resulting deaths in just 24 hours, as the country battles a surge of contagions. The country's health ministry said that just weeks into a stricter quarantine in the capital Buenos Aires and its suburbs, cases were now springing up in other regions of the country.
Argentina Defense minister announced that the country will design and build a dual training purpose aircraft to be named IA-100 Malvina and will demand an initial investment of US$ 2,5 million.
After Germany’s Chancellor Angela Merkel stated on Friday “considerable doubts” over whether to keep backing the European Union’s (EU) trade deal with the Mercosur due to environmental threats that represent the deforestation in Brazil’s Amazonia, the Association of German Chambers of Industry and Commerce (DIHK) responded defending the agreement that was reached last year.
Illegal, unregulated fishing mainly in the waters adjacent to the disputed South Atlantic islands of the Falklands, South Georgia and South Sandwich costs Argentina an estimate of anywhere from one to two billion dollars, according to CEO Eduardo Pucci, from OPRAS, an Organization for the Protection of Fishery Resources.
Bloomberg’s Misery Index, which tallies inflation and unemployment outlooks for 60 economies shows that almost all of the economies surveyed are projected to be more miserable this year amid Covid-19, with analysts expecting increased joblessness and tepid growth.
Argentina is extending a price freeze for TV, Internet, and mobile service until the end of the year, deeming them “essential public services.”