By Buenos Aires Herald

Government tries to lower foreign currency demand from importers, savers, tourism sector.

With the bulk of the harvest season long gone, the government is set to face pressure on the already low foreign-currency reserves over the next upcoming weeks before the second round of the presidential elections as demand for dollars is growing from importers, savers and the tourism sector.

Central Bank reserves ended October at US$26.961 billion with a US$6.2 billion (18.9 percent) decline, the largest since January 2006 when the country cancelled its debt with the International Monetary Fund (IMF). Reserves are at their lowest level since April 2014 and have dropped 48 percent or US$25.6 billion since their last record of January 2011.

“The need of foreign currency has grown this year. It’s not a new problem but it has worsened. The future scenario isn’t good, no matter who wins. Problems will only grow as we get closer to the end of the year,” Ariel Setton, Plan Fenix economist, told the Herald. “The government still has tools to use but that would mean carrying out economic policy changes to lower the demand for foreign currency.”

While most of the reserves’ drop can be explained by the Boden 2015 maturity at the beginning of the month and other... (Read More)

By Los Andes

Farming Presidente, la división agrícola del grupo local Presidente, concluyó con éxito la primera campaña de venta al exterior de nueces provenientes de la “zona agrícola Altamira”, declarada así recientemente por el Concejo Deliberante de la comuna de San Carlos.

“La zona, por su amplitud térmica y horas de frío, es excelente para lograr excelencia y calidad tanto en vinos ultra premium como también para la producción de nueces”, dijeron desde la empresa, que ha sido la primera en lograr desarrollar el comercio exterior a escala para este tipo de cultivo de San Carlos.

Las operaciones se hicieron a países como Italia y Turquía. Pero no sólo a nivel internacional son valorados estos productos. En el mercado interno la firma también va por la buena senda.

Concretamente ha logrado, en base a la alta calidad y diferenciación de sus productos, ingresar a las principales plataformas comerciales y distribuidoras de Buenos Aires, lo cual le permitirá estar presente en... (Read More)

By Los Andes

La inflación de setiembre, basada en un promedio de mediciones de consultoras privadas, fue para diputados de la oposición de 1,92%, con lo que la tasa interanual es del 25,91%, revelaron ayer en la Cámara baja. Así, hay una leve desaceleración sobre el 2,17% que había arrojado en agosto y vuelve a los números de julio (1,92%).

Como es habitual, la difusión de la estimación alternativa se dio a conocer un día antes de que el Instituto Nacional de Estadística y Censos (Indec) difunda el Índice de Precios al Consumidor, previsto para hoy.

En una conferencia de prensa, Patricia Bullrich (Unión PRO- Cambiemos) defendió el índice de aumento del costo de la vida que mensualmente da a conocer la oposición e insistió en que la cifra que informa... (Read More)

By Coin Journal

Argentina is often touted as a hub of Bitcoin adoption and innovation by those who wish to see the peer-to-peer digital cash system succeed; however, there does not seem to be much evidence to back up those claims. There have been plenty of articles written about the potential for bitcoin to takeover as a major currency and means of payment in Argentina, but the people on the ground there tell a different story. A short while ago, Streamium Developers Manuel Aráoz and Esteban Ordano were based in Buenos Aires, Argentina, and they recently shared their views on the potential of Bitcoin in the South American country on an episode of Epicenter Bitcoin.

The News About Bitcoin in Argentina Has Been Totally Wrong

Certain media outlets, especially ones that are focused on Bitcoin and other cryptocurrencies, have been known to publish less than accurate stories about this new financial technology on occasion. These stories often tout the success of Bitcoin in a country with a troubled economy or highly-inflationary currency, but Manuel Aráoz sees these claims from the media as... (Read More)

By Los Andes

El incremento en la producción argentina de carne aviar en los primeros ocho meses del año generó una importante sobreoferta interna que deprimió sus precios  y disparó el consumo interno, señaló un informe de la consultora IES (Investigaciones Económicas Sectoriales). El análisis destaca que esa tendencia tuvo como contrapartida una baja en el volumen de exportaciones de productos avícolas.

La producción de carne aviar verificó una suba de 5,2% en los primeros ocho meses de 2015 al totalizar 1.324.000 toneladas y alcanzó un nuevo récord en 2015, resalta el estudio de IES.

Esa situación -explica- se vio impulsada por el mayor consumo interno, ya que las exportaciones cayeron casi... (Read More)

By Bloomberg

With the race for Argentina's next president heating up, one thing is clear: Whoever ends up winning will inherit an economy in tatters.

Analysts say the situation is so bad that changes to current President Cristina Fernandez de Kirchner's regime of currency restrictions, subsidized energy and trade protectionism are inevitable. The debate is now focused on how quickly and to what degree those adjustments should be applied.

"The challenge will be to launch an attack on all fronts on all these problems, because it won't be enough to tackle them one-by-one," said Luis Secco, director of Buenos Aires-based research company Perspectiv@s Economicas.

Here are the five biggest challenges that the struggling Latin American nation faces... (Read More)

By Hellenic Shipping News

This message has the intention of refreshing on previous circulars related to customs problems in Argentina and also to update you on further news which has taken place lately.

In the past, we have issued various circulars highlighting the attention which should be paid to local customs regulations when completing the “store list” at the time of clearing the vessel and the importance of including bunkers, lubricants, paints, chemicals, spare ropes and the vessel’s grabs (if any) in addition to routine items.
argentina

When the vessel is boarded at a later stage by customs officers to inspect what has been declared in the “store list” submitted on arrival against the findings of their subsequent inspection, it is important for them not to find... (Read More)

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