By Fresh Plaza

The agricultural production in San Rafael and Alvear is not going through its best moment. After the problems caused by severe hail storms, the traditional problems caused by lack of competitiveness are also looming, causing fewer and fewer people to remain committed to the sector.

In this sense, looking at the harvest prospects of the Institute of Rural Development, it is worth noting that the acreage devoted to fruit crops in the south of the province dropped by 976 hectares from one campaign to the next.

The situation, marked by lack of profitability and with concerns about the development of climate contingencies, has resulted in... (Read More)

By Reuters

Jan 6 Argentina has swapped $16 billion in notes held by the central bank for fresh dollar-denominated bonds, the government said on Wednesday as the country moves to bolster reserves and strengthen its hand against creditors suing over defaulted debt.

Long-awaited negotiations with a group of New York hedge funds that sued in the U.S. courts for full repayment of defaulted sovereign bonds are set to start in the days ahead.

The central bank also is talking with investment banks about a financing deal of up to... (Read More)

By Fortune

No more cheaper pesos for tourists.

If you’ve been to Argentina in the past four years, you’ve found out that the best deal is to take your money in large bills and to change it illegally. Tourists from around the world have gotten more for their home currency thanks to Argentina’s booming black market, where pesos have typically traded for 30% less than the official rate. For Argentine citizens willing to accepting a lower rate in return for the perceived safety of dollars, the black market had become the only way to get around the government’s tight currency controls.

Now, all this is changing. Earlier this month, new Argentine President Mauricio Macri removed limits on... (Read More)

By Los Andes

Desde el 1 de enero, los mendocinos empezarán un nuevo año sufriendo tres fuertes golpes al bolsillo, ya que habrá incrementos en las tarifas de la luz, taxis y colectivos. El ex gobernador, Francisco Pérez, firmó un decreto en el que autoriza un ajuste en el servicio eléctrico del 35%.

En tanto, que la bajada de bandera para aquellos que opten por utilizar un taxi costará $ 14 y la del remís subirá a... (Read More)

By Forbes

A new era is beginning in Argentina, now that the Kirchner dynasty was finally voted out of office in November. President Mauricio Macri has vowed extensive change for the country, in areas ranging from foreign policy to the domestic economy. He is advocating an increased role for the private sector at the expense of a reduced role for the government. Argentine assets have not been part of a favorable or investable universe for over a decade; if successful, Macri’s policies will bring sorely needed foreign investment into Argentina, and spur locals into putting capital to work as well.  As such, I’m monitoring the country as a possibly lucrative investment location for 2016. With interest rates at 38% and a currency weakened by over 30%, the time is coming nearer.

As a first credible sign that Macri is putting action behind his promises, he has brought new (and valuable former) employees into three important institutions: ... (Read More)

By The Buenos Aires Herald

Mauricio Macri’s government secured yesterday a major source of dollars to contain any potential run against the peso by converting yuans, from the currency swap deal signed with China last year, into greenbacks.

An announcement by the Central Bank confirmed yesterday that 20 billion yuans were exchanged for US$3.09 billion dollars, which will now be readily available in case the monetary authority needs to... (Read More)

By Los Andes

El nuevo ciclo económico que llega con un ajuste del tipo de cambio oficial, afectará en forma diferenciada a los distintos sectores productivos de la Argentina. El impacto dependerá tanto de la magnitud de la devaluación, como de otras medidas de política fiscal, comercial y de regulaciones que la acompañen, coinciden los economistas. Sin embargo, hay sectores claramente ganadores, como aquellos orientados a la exportación, y otros que -al menos durante un tiempo- llevarán las de perder, como los asalariados y la industria enfocada en el mercado interno.

“Ajustar el tipo de cambio era una necesidad, más que una elección”, destaca Martín Polo, economista jefe de la consultora Analytica. “La clave está en que... (Read More)

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