Argentina's government is negotiating more flexible oil workers' contracts to woo investors to the Vaca Muerta shale fields and overcome an energy deficit.High labour costs are thought to be the primary obstacle to investment in the country's oil and gas sector, and negotiations are politically sensitive in a country with an influential labour movement, meaning some changes are off the table.
The 2016/17 cruise season officially begins this week in Uruguay with the arrival of MS Zaandam and Insignia. Zandam belonging to Holland America Line with capacity for 1.432 passengers usually calls several times in Montevideo during the season.
Argentina’s wheat production is estimated at 14.4 million tons in 2016-17 and total exports are estimated at 8.03 million tons, the U.S. Department of Agriculture’s (USDA) Foreign Agricultural Services (FAS) said in its latest report. The main market is expected to be Brazil, the historic, natural market for Argentine wheat and flour.
The former Argentine president said she is no friends with entrepreneur Lazaro Baez, who was awarded around 80 percent of all public works in the province of Santa Cruz when governed by her late husband and eventually president Nestor Kirchner.
Argentina and Uruguay are involved in a joint demersal assessment cruise with the purpose of estimating the hake hubbsi biomass, sizes and age, as well as other resources up to a depth of approximately 300 meters.
Argentine foreign minister Susana Malcorra thanked countries attending the XXV IberoAmerian summit in Colombia for their support to Argentina's sovereignty claim over the Falklands/Malvinas Islands and the compliance of UN resolutions calling for dialogue with the UK. A brief release from the Argentine ministry said “we are grateful for the support we have received from the IberoAmerican space on the Malvinas question”.
Four Argentines who flew straight across from Rio Gallegos to Stanley airport in a private Beechcraft 55 and spent four days in the Falkland Islands, had only words of praise for the way they were considered and treated during the two months previous paperwork and when they finally reached their goal of visiting battle fields, cemeteries to honor the 1982 combatants who never returned.
Argentine president Mauricio Macri promised his Uruguayan peer Tabare Vazquez to look into the draft of a Uruguay/China free trade deal, and expressed their deep concern about political events in Venezuela suggesting that under the current circumstances the Nicolas Maduro government cannot be considered a member of Mercosur.
Uruguay and Argentina, and their cabinets will be meeting this Monday in Buenos Aires to address a bilateral agenda, which was agreed long before hand, but the real issue will not necessarily be trade, dredging canals, pulp mills, customs or facilitating people's movement, but rather the negotiations for a free trade agreement which supposedly Uruguay is about to begin discussing with China.
Argentina’s international currency reserves rose above the landmark US$40 billion for the first time in three and a half years last Friday, as a huge inflow of dollars from government-issued debt and some exports over the last few days caused some dramatic increases this week. The milestone, according to Central Bank chief Federico Sturzenegger, was “a sign of growing investor confidence in the country.”