Tag: Julio de Vido

• 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.

• Thursday, March 13th 2014 - 11:26 UTC

  Promising report on Argentine mining sector and contribution to the economy

  

  The Argentine mining sector is expected to invest 3.85 billion dollars this year, including 800 million as imports' substitutes, announced Planning minister Julio de Vido, who also revealed that in the last ten years the sector has invested over 11bn dollars and generates an activity equivalent to 3.2% of GDP.

• Tuesday, February 11th 2014 - 07:53 UTC

  Paraguay concerned with Argentine plans to move nuclear facilities to border area

  

  Paraguay has instructed its ambassador in Buenos Aires to collect information on Argentina's plans to set up an uranium processing plant in the northern province of Formosa, neighboring with the land-locked country.

• Saturday, January 4th 2014 - 06:46 UTC

  Argentina sanctions power companies for repeated outages that affected millions

  

  Argentina announced sanctions on electricity companies Edesur and Edenor following the power outages suffered by hundreds of thousands of citizens in Buenos Aires City and surrounding areas, amid a historic heat wave that brought stifling temperatures for 18 days.

• Friday, December 20th 2013 - 05:49 UTC

  Argentina threatens to nationalize power companies because of the blackouts

  

  Argentina on Thursday threatened to nationalize utility companies Edenor and Edesur after power outages left large areas of the capital Buenos Aires and surrounding suburbs in the dark, just ahead of the austral summer. “If they are not willing to give people the service they deserve, we will be willing to take over that service,” said cabinet chief Jorge Capitanich.

• Wednesday, December 18th 2013 - 07:15 UTC

  Heat wave in Argentina collapses power grid: thousands with no energy or water

  

  People out in the streets banging pots and pans, or protesting burning tires and garbage containers in powerless neighborhoods, while an estimated 30.000 businesses in Buenos Aires City and metropolitan area are organizing demanding compensation for losses suffered because of the collapse of the power distribution system overwhelmed by an extraordinary heat wave with temperatures in the high thirties and low forties.

• Wednesday, December 18th 2013 - 06:51 UTC

  Argentine mobile phone companies have to adjust rates and charge by the second

  

  Mobile phone companies operating in Argentina will have 60 days to adjust all their rates and charge by the second, Federal Planning Minister Julio De Vido and Communications Secretary Norberto Berner confirmed in a news conference. Companies Personal, Movistar and Claro will only have 15 days to implement the change for new customers according to the resolution published in the Official Gazette.

• Friday, November 1st 2013 - 21:40 UTC

  Argentina warns Barrick on announced suspension of gold mine project

  

  Barrick, the world’s largest gold mining company, is indefinitely suspending construction of its troubled gold mine straddling the Chile-Argentine border, part of a cost-cutting effort that also involves 10 other mining projects around the world.

• Thursday, August 22nd 2013 - 23:43 UTC

  China will build and finance two dams in Patagonia equivalent to 10% of Argentine power demand

  

  Argentina's government this week awarded a 4 billion dollars contract for the construction of two hydroelectric dams to a consortium led by China Gezhouba (Group) Co. and which includes Argentine firms Electroingenieria SA and Hidrocuyo SA.