Tag: Axel Kicillof

• Monday, June 9th 2014 - 06:10 UTC

  US Embassy praises Argentina: says 'investment climate has started to change'

  

  The United States Chargé d'Affaires at the Embassy In Buenos Aires Kevin Sullivan, who is in charge of the embassy on an interim basis, praised Argentina’s agreement with Paris Club, ICSID and YPF-Repsol deal, saying “the situation is changing, in a good way” and pointing out a change in investment climate.

• Monday, June 2nd 2014 - 07:33 UTC

  Argentina confident US Supreme Court will take its litigation case with hedge funds

  

  President Cristina Fernandez administration has high hopes that the US Supreme Court will take its long running litigation case with holdout hedge funds that refused to accept sovereign debt rescheduling after Argentine defaulted in 2001.

• Saturday, May 31st 2014 - 07:55 UTC

  The 'morality' of the Argentina/Paris Club deal is that it's 'a shared effort'

  

  Argentina's Economy minister Axel Kicillof gave details on Friday of the payment agreement reached with the Paris Club involving 9.7bn dollars of 2001 defaulted debt, which will open the doors to export credit agencies from the group's members and equally important signals a new attitude from the Cristina Fernandez administration.

• Friday, May 30th 2014 - 05:11 UTC

  France praises Argentina's agreement with Paris Club and normalization efforts

  

  French Finance Minister Michel Sapin praised Argentina’s agreement with Paris Club creditors, saying it highlights the country’s effort to “normalize its relations with creditors.”

• Thursday, May 29th 2014 - 05:37 UTC

  Argentina announces an understanding with the Paris Club on defaulted debt

  

  Following twelve hours of discussions the Argentine delegation headed by Economy Minister Axel Kicillof managed on Wednesday to agree the main points for Argentina to overcome the approximately 9.5bn dollars default with countries that make up the Paris Club, according to late reports from the French capital.

• Tuesday, May 27th 2014 - 08:34 UTC

  Argentina in another negotiating round with the Paris Club of creditors

  

  Argentina's Economy Minister Axel Kicillof has assured that progress has been made with creditors in the Paris Club as the politician left Monday evening for France in preparation for talks with the financial institution over restructuring Argentina's debt, estimated in 9.5bn dollars.

• Saturday, May 24th 2014 - 00:27 UTC

  Argentina's auto sales record last year was fed on 'steroids', claims Fiat CEO

  

  One of Argentina's main industry leaders, Fiat CEO Cristiano Rattazzi. said that the boost of auto manufacturing during 2013 and record sales was fed on 'steroids' and demanded more reliability in the rules to revitalize sales.

• Friday, May 16th 2014 - 10:06 UTC

  Argentina's April inflation for the Congressional index reached 2.8%

  

  Argentina's inflation congressional index marked 2.8% in April, or 15.78% in the first four months of the year and 39% in the last twelve. These percentages contrast with the official data from the Indec stats office which earlier this week said the April CPI was 1.8%.

• Thursday, May 15th 2014 - 07:14 UTC

  Consumer prices in Argentina decelerate, but controversy on how much persists

  

  The Argentine consumer-price index climbed 1.8% in April over March, which means that during the first four months of the year it reached 11.99%. The CPI announcement was made by Economy minister Axel Kicillof at a press conference on Wednesday. However private estimates and the Buenos Aires City index show greater percentages.

• Friday, May 9th 2014 - 07:01 UTC

  Repsol/YPF 'marriage' definitively over; Spanish company ends 15-year presence in Argentina

  

  Spanish oil major Repsol signed a definitive settlement agreement Thursday with Argentine President Cristina Fernandez's administration, which transferred more than 5 billion dollars in bonds as compensation for the 2012 seizure of Repsol's controlling stake in energy firm YPF.