Argentine president Alberto Fernandez will receive this Thursday the board members of one of the country's largest agro-exporter groups, Vicentín, following the government's decision to intervene the company, a controversial measure that triggered an immediate reaction from congressional opposition and public opinion.
For parents Jose Perez and Flavia Lavorino, the wait is finally over. On Wednesday, the couple from Buenos Aires met their baby son Manu for the first time, 71 days after he was born to a surrogate mother 12,875km away in Ukraine.
Three bills referred to Argentina's sovereignty claim over South Atlantic islands and adjoining maritime spaces will be sent to Congress, announced president Alberto Fernández on Wednesday from the official Olivos residency next to foreign minister Felipe Solá, according to an official release.
Argentina’s economy is seen shrinking 9.5% in 2020, according to a monthly poll of analysts by the central bank released on Friday, compared with an estimated 7% decline in the previous survey, as the activity gets walloped by a nationwide lockdown against the coronavirus pandemic.
Late Monday the Vicentin soy crushing giant group, which Argentine president Alberto Fernandez had previously announced it would take over to ensure jobs and food sovereignty, made public a release denying any job losses and revealing it was in talks with interested parties to overcome the current under administration situation.
Argentine President Alberto Fernandez announced Monday evening a plan to seize crop trader Vicentin SAIC in a move that is anticipated will ring alarm bells in soy markets, among investors in the country and even the current foreign debt negotiations.
Argentina decided to prolong the quarantine linked to the COVID-19 pandemic until 28 June in the areas most affected by the coronavirus, President Alberto Fernandez said on Thursday. The president made the announcement next to Buenos Aires City Mayor Horacio Rodriguez Larreta and Axel Kicillof, governor of Buenos Aires province, which concentrates 40% of the country's population, and most virus cases.
Argentina's industrial output crashed 33.5% in April from the same month last year, the government's statistics agency said on Thursday, as the national lockdown to fight the coronavirus pandemic bludgeoned Latin America's No. 3 economy.
The Argentine auto industry bottomed out in April, the first full month of the quarantine in force in the country since March 20. With all its factories closed since that day, not a single vehicle left the assembly lines, a catastrophe without historical precedent. But little by little, last week they came back to life under strict sanitary protocols, with only one shift per day and production at one-third of the installed capacity.
Argentina extended the deadline to negotiate with its creditors to June 12 and may sweeten its most recent restructuring offer, the country said on Monday, after a previous proposal was deemed insufficient by some investors.