Argentina

• Friday, February 14th 2025 - 10:37 UTC

  Argentina: Indec says January's inflation stood at 2.2%

  

  Argentina's inflation in January 2025 stood at 2.2%, down from 2.7% in December, the National Institute of Statistics and Census (Indec) said in a report released Thursday, which also showed yoy values of 84.5%. January's was the lowest Consumer Price Index (CPI) since July 2020 - 1.9% amid the Covid-19 pandemic - and also the best under Javier Milei, who took office on Dec. 10, 2023. The President's best previous CPI was in November 2024 at 2.4%.

• Friday, February 14th 2025 - 10:30 UTC

  CFK appeals her conviction for corruption

  

  Former Argentine President Cristina Fernández de Kirchner (CFK) Thursday filed an appeal to have her six-year prison sentence and lifelong disenfranchisement overturned. On the other side, the prosecution requested her sentence be upped to 12 years, citing illicit association in the “Vialidad” scandal regarding road works in the province of Santa Cruz.

• Thursday, February 13th 2025 - 10:18 UTC

  Paraná-Paraguay Waterway concession tender canceled amid foul play allegations

  

  The Argentine Government of President Javier Milei Wednesday declared the tender for the Paraná-Paraguay Waterway - which handles 80% of the country's exports and is also vital for Paraguay - concession void and launched an investigation into the only bidders: Dredging Environmental and Marine Engineering (DEME) for allegedly pressuring other potential bidders not to participate. The National Commission for the Defense of Competition will look into possible anti-competitive practices or an illicit association, it was explained.

• Wednesday, February 12th 2025 - 14:34 UTC

  Argentina: Irregularities detected in key waterway concession process

  

  Argentina's Administrative Investigations Prosecutor’s Office (PIA) has identified “serious irregularities” in the bidding process for the concession of the Paraná-Paraguay waterway, a crucial trade corridor for the region. The waterway is essential for exporting agricultural products from Argentina, Brazil, Bolivia, Paraguay, and Uruguay to the Atlantic.

• Wednesday, February 12th 2025 - 10:49 UTC

  Argentina to create unified Federal Emergency Agency

  

  The Argentine Government announced Tuesday the creation of a Federal Emergency Agency to coordinate relief against major disasters such as fires and floods. There are 12 State structures overlapping in cases of emergencies, which “generates disorder,” explained Security Minister Patricia Bullrich from El Bolsón, where she was overseeing the wildfire fighting efforts alongside Defense Minister Luis Petri.

• Wednesday, February 12th 2025 - 08:54 UTC

  US dollar not lagging, says Caputo

  

  Argentina's Economy Minister Luis 'Toto' Caputo insisted Tuesday that the US dollar was not lagging against the peso and also mentioned that a new deal with the Monetary Fund (IMF) was just details away from being finalized. He made those remarks and negative results hit the local stock markets, and the country-risk index regained its upward trend following President Javier Milei's statements that a devaluation was not in sight and that the government did not intend to modify the current pensions law.

• Tuesday, February 11th 2025 - 09:48 UTC

  Milei cries foul play in live TV interview

  

  Argentine President Javier Milei said his interview with the local TV station A24 was sabotaged. “They tried to replicate the tricks of the 2023 campaign,” argued the wary head of state, who also sacked Argentina's Ambassador to the Organization of American States (OAS) after her father contended that the current exchange rate between the peso and the US dollar was 20% behind. The Libertarian leader said those remarks were “shameful and stupid.”

• Monday, February 10th 2025 - 09:45 UTC

  Argentine gov't to privatize major cargo railway line

  

  Argentine President Javier Milei has signed the decree ordering the key cargo railway Belgrano Cargas y Logística S.A. line privatized, Presidential Spokesman Manuel Adorni confirmed. “President Javier Milei has just signed the decree that initiates the process of total privatization of the Belgrano Cargas y Logística S.A. company,” he wrote on social media. The Argentine State “will cease to be the operator of the cargo railway services and all its infrastructure: rolling stock, tracks, workshops, and real estate,” Adorni also noted.

• Saturday, February 8th 2025 - 10:52 UTC

  Argentine judge rules travel agency should not advertise Malvinas as UK destination

  

  Judge Guillermo Patricio Cánepa of the Autonomous City of Buenos Aires (CABA) ruled this week that Cruiseline S.R.L. should not mislead potential customers by advertising cruise services to the United Kingdom's “Islas Malvinas.” The magistrate ordered the company to pull its advertising campaign in that regard and recognize Argentina's sovereignty over the archipelago.

• Saturday, February 8th 2025 - 09:56 UTC

  Argentina: Lower House gives thumbs down to open primaries

  

  Argentina's Lower House approved this week by 162 votes in favor, 55 against, and 28 abstentions, the elimination of the so-called Mandatory, Simultaneous, and Open Primary (PASO) Elections whereby the country's constituencies chose each party's candidates. The measure proposed by the ruling La Libertad Avanza (LLA) of President Javier Milei now needs to be passed by the Senate before it can be implemented in this year's mid-terms.