President Mauricio Macri said on Monday that government employees in Argentina won't receive pay raises this year as part of a string of measures aimed at cutting spending. Macri also announced the elimination of 1,000 political positions and the firing of family members appointed as advisers by government ministers. The measure is expected to save the government about US$75 million.
French President Emmanuel Macron called for further European Union sanctions on Venezuela, days after the 28-nation bloc agreed a travel ban and asset freezes on seven senior Venezuelan officials. The West accuses President Nicholas Maduro's government of violating democracy and human rights in the oil-producing nation, which is in the grip of a major economic and social crisis with millions suffering food and medicine shortages.
The government of Argentine president Mauricio Macri is expected to announce on Monday as part of the overall austerity and adjustment programs, a freeze on all top government salaries and the reduction of at least 20% in political nominee posts in the Executive branch.
Argentina will not recognize the results of upcoming elections in Venezuela, President Mauricio Macri has said accusing strongman Venezuelan leader Nicolas Maduro of running a dictatorship.
Argentine president Mauricio Macri ended on Friday his European tour in Paris, where he addressed the business community and potential investors, and later held a private meeting with president Emmanuel Macron. According to Argentine sources there is strong French investors' interest, but apparently Macron held his ground when regarding the EU/Mercosur overall trade agreement.
Argentina has left behind its populist experiment, and there is no other country with greater potential, Argentine president Mauricio Macri told the World Economic Forum in Davos during a speech to the forum of world political and business leaders.
Argentine president Mauricio Macri held on Wednesday a meeting with the German Chancellor Angela Merkel in the framework of the World Economic Forum in Davos, Switzerland, in which they discussed German investments in Argentina through Private-Public Partnership (PPP).
Argentine President Mauricio Macri and his Russian counterpart, Vladimir Putin, signed on Tuesday a declaration aimed at strengthening bilateral cooperation during a press conference at the Kremlin. Macri told Putin that he hoped this marked the first of many visits to the Russian capital and highlighted their countries’ mutual interests.
Argentine president Mauricio Macri arrived on Monday evening to Moscow the first leg of his latest tour of European countries, and the first of 2018, with the purpose of promoting Argentina and attracting investments. In Moscow president Macri and First Lady Juliana Awada are scheduled to meet with president Vladimir Putin at the Kremlin.
Argentina has set a maximum rate paid for port docking and undocking services, the government said in its official gazette, a change the Transportation Ministry said would slash docking costs by up to 40%. The move comes as President Mauricio Macri seeks to lower the cost of exporting food from the world’s No. 3 soy and corn exporter and the leading shipper of soybean livestock feed.