Tag: Axel Kicillof

• Monday, March 31st 2014 - 19:25 UTC

  Brazil/Argentina agree on deal to promote bilateral trade by guaranteeing 'dollar liquidity'

  

  Brazil and Argentina signed a deal over the weekend that seeks to guarantee importers will have enough U.S. dollars to pay for exports, a move to increase trade between both nations that has been hit hard by a sharp depreciation of the Argentine peso.

• Saturday, March 29th 2014 - 05:43 UTC

  Argentina denies the subsidies reduction will have an inflationary impact

  

  Argentina's new subsidies’ scheme will have an “insignificant” impact on prices since the whole package basically involves a 'redistribution' of funds, argued Cabinet Chief Jorge Capitanich, emphasizing the decision aims at “encouraging the rational and responsible use of public services.”

• Friday, March 28th 2014 - 08:29 UTC

  Argentina begins natural gas and water subsidies reduction in three stages

  

  Argentina will cut expensive natural-gas and water subsidies this year which will have an increase impact in utilities' rates between 20% and 80% on average. The gas and water subsidies reduction will reach 80% of top consumers and the accumulative impact will range from the equivalent of 2.5 to 102 dollars, said the Ministry of Economy in a release.

• Friday, March 28th 2014 - 06:22 UTC

  Argentine economy expands 3%, thus saving 3.5bn in payments to bonds tied to GDP

  

  Argentina's National Institute of Statistics and Census, Indec, announced that the country's GDP grew by 3% across the last calendar year, dropping short of the figure necessary to service bonds linked to the nation's economic activity.

• Tuesday, March 18th 2014 - 02:31 UTC

  Official inflation in Argentina during February, 3.4% and 7.1% in two months

  

  Inflation in Argentina during the month of February reached 3.4%, which means that in the first two months of the year the index stands above 7.1%, according to the latest figures released by the country's National Institute of Statistics and Census' (INDEC) Consumer Price Index.

• Tuesday, March 11th 2014 - 06:44 UTC

  Argentina with no serious economic problems, “just complexities and challenges”

  

  Economy Minister Axel Kicillof argued that Argentina does not have serious economic problems, but rather “complexities, difficulties and challenges,” and accused economists and dissident media outlets of orchestrating a campaign to generate an “end of the world” feeling among members of society.

• Monday, February 10th 2014 - 03:42 UTC

  “Argentina's economy on the right course” K ambassador tells the Washington Post

  

  Argentina's reactions to the country's image in the US and particularly that of President Cristina Fernandez administration economic policies have not ceased. This time it was ambassador before the US government, Cecilia Nahón who strongly replied the terms of an editorial from The Washington Post anticipating “Argentina's coming collapse”.

• Wednesday, February 5th 2014 - 23:43 UTC

  Paris Club prepared for talks with Argentina over debt repayment

  

  The Paris Club is open to talks with Argentina on repaying its debt, the group of creditor nations said on Wednesday, moving closer towards launching formal negotiations with Buenos Aires.

• Wednesday, January 29th 2014 - 21:00 UTC

  New York Times blasts Cristina Fernández: “Argentina on the brink”

  

  The New York Times published on Wednesday a very strong editorial criticizing the misguided policies of the government of President Cristina Fernandez, arguing that once again 'Argentina is on the brink”.

• Tuesday, January 28th 2014 - 05:34 UTC

  NY Times: the influential Minister behind Argentina’s economic shift

  

  The following piece from The New York Times, written by Simon Romero and Jonathan Gilbertjan gives an insight into the life and thinking of the most powerful Economics minister Argentina has had in a decade: Axel Kicillof and the brains behind the current rather eclectic policies.