Argentina

• Thursday, January 6th 2022 - 00:20 UTC

  Posco announces US $ 830 million investment in Argentina

  

  Posco Argentina's CEO KwangBok Kim Wednesday announced an US $ 830 million investment after a meeting with Cabinet Chief Juan Manzur. Also present at the gathering was company director SungKook Chung.

• Wednesday, January 5th 2022 - 10:17 UTC

  In three decades the Argentine Peso equivalent to one dollar, is now worth less than 5 US cents

  

  Some three decades ago the new Argentine democratically elected government takes office determined to put an end to endemic inflation when not hyperinflation. The new scheme was convertibility, making the Peso equivalent to one US dollar. Following strictly to the book, this meant a tight rein on spending and selling government companies that only accumulated deficits.

• Wednesday, January 5th 2022 - 10:07 UTC

  Argentine Patagonia hit by devastating fire covering over 80,000 hectares

  

  About 80,000 hectares of Argentine Patagonia came under fire during the weekend and the smoke has even reached the city of La Plata, a little over 1,000 kilometers northeast of the epicenter in the Puerto Madryn region, in the province of Chubut.

• Tuesday, January 4th 2022 - 17:59 UTC

  Smuggling grows all along Misiones border with Paraguay

  

  Lawmakers of the ruling Frente de Todos (FdT) in the Argentine province of Misiones have filed an proposal to fight the smuggle of fuel and other items across the Paraguayan border, which is said to be growing daily in drums and also on small barges across the river.

• Tuesday, January 4th 2022 - 17:57 UTC

  Foreign trade yield US $ 15 billion to Argentina's Central Bank in 2021

  

  Foreign trade has meant around US $ 15 billion for Argentina's Central Bank (BCRA) in 2021, according to projections reported Monday in Buenos Aires. It became the fifth best surplus so far in the 21st century, despite November's US $ 117 million deficit, the first setback since 2018.

• Tuesday, January 4th 2022 - 08:33 UTC

  Argentine Navy warplanes still grounded due to lack of British-made spare parts

  

  Five French-built warplanes Argentina bought under President Mauricio Macri for US $ 14 million have never taken to the air, due to which Juntos por el Cambio (JxC) and Fente de Todos (FdT) politicians are now trading pointing fingers.

• Tuesday, January 4th 2022 - 05:44 UTC

  The “Expulsion Myth” – Argentina’s Greatest Historical Falsehood

  

  Falkland Islands Association - Britain did not expel an Argentine population in January 1833 when Britain re-asserted its sovereignty in the Falklands. But no piece of Argentine propaganda has been more successful than its falsehood that Britain expelled an “Argentine population”.

• Monday, January 3rd 2022 - 09:27 UTC

  Mar del Plata fears offshore oil wells may end up damaging the city's economy

  

  Argentina's government has issued an environmental impact declaration for offshore oil drilling off the coast of Mar del Plata which has prompted voiceful objections from local residents, particularly Mayor Guillermo Montenegro of the opposition Juntos por el Cambio (JxC), while Federal Energy Secretary Darío Martínez welcomed the decision.

• Friday, December 31st 2021 - 09:45 UTC

  Argentine Health Ministry eyes shortening isolation for those fully vaccinated

  

  The Government of Argentina is monitoring the Uruguayan case closely to determine whether it is still useful to isolate COVID-19 close contacts who are already vaccinated against the disease, Health Minister Carla Vizzotti said the day after she announced a reduction in the number of quarantine days.

• Friday, December 31st 2021 - 09:42 UTC

  Ships prefer Paraguayan flag to evade Argentine taxes

  

  Argentine sailor unions are warning against the trend whereby Argentine-flagged ships are turning to Paraguayan registration to both circumvent Argentina's blood-thirsty taxation plus benefitting from Paraguay's own scheme, a process which seems likely to go on in the near future.