Argentine Businessmen agree with President Javier Milei: they believe that the worst is over, seeing a rebound in sales

They have noticed an improvement in the food sector, from noodles, oils, coffee, and rice to meat. The dollar and the possibility of the “V” recovery. The latest official data leave no room for optimism: a March economic activity collapse and the worst forecasts for the following months. At that time, the INDEC EMAE marked a drop of 8.4% year-on-year and a contraction compared to February. There are still no official records of what happened during April. Private consulting firms measured…

Argentina: What is happening in the land of the chainsaw? –

With the roar of a chainsaw, he has accomplished what many deemed impossible: Argentina’s first budget surplus in 16 years. Gone are the days of money-printing schemes to cover debts and bloated public subsidies for fuel and transportation. In a bold move, the new president has slashed thousands of state jobs (25,000 plus to date), frozen public construction projects, and bravely devalued the country’s currency. This may have weakened the peso’s purchasing power domestically, but it was a…

The area that used to be the coolest in Buenos Aires adds new projects: how much does an apartment now cost?

An iconic square in the heart of Buenos Aires underwent several changes after the pandemic. How is that area today, and what investments are being activated? In the heart of Retiro, around a “green lung,” one of the oldest and most beautiful squares in Buenos Aires, architectural proposals were raised that made that area one of the most coveted for a long time. The current layout of the square responds to various projects carried out by the Municipality of Buenos Aires, in which the renowned landscaper…

Paraguay is rated the best place in the region for business, according to says Latin American Economic Climate Index (ICE) 

The Latin American Economic Climate Index (ICE) released this weekend by Brazil’s Getúlio Vargas Foundation (FGV) highlighted Paraguay as the Mecca for regional business ventures, given the country’s outstanding performance. The FGV report highlights that, despite the increase in their indexes, other countries remained in the unfavourable zone (below 100 points): Peru (85.3), Colombia (72.8), Chile (72.7), and Ecuador (42.2). Meanwhile, Argentina climbed from 26.1 to 41.7, with the first economic…

Elon Musk calls out to Investors to consider Argentina after meeting with President Javier Milei

The Argentine president praised the Tesla CEO for his efforts to advance space exportation. Tesla CEO Elon Musk recommended his followers invest in Argentina after meeting up with President Javier Milei on the sidelines of a global investors conference in Los Angeles on Monday. “I recommend investing in Argentina,” Musk posted on X, the social media app he owns. He also published a picture of himself with Milei, Presidency Secretary Karina Milei, and Argentine Ambassador to the U.S. Gerardo Werthein. …

Buenos Aires Residential: The data that reveals why it is time to buy a property

The purchase and sale operations registered in March 2024 are positioned as the highest increase in the past five years. The first two months of the year recorded a drop in the total number of real estate purchase deeds, with 1,882 in January and 2,213 in February, after an end of the year marked by 4,560 events in December 2023. Despite the political and economic fluctuations with which 2024 began, In March, the real estate market registered a significant increase: it added 3,399 registrations – 53%…

Argentine libertarian President Javier Milei has introduced measures which are causing the USD to weaken domestically for the first time against the domestic peso

Just four months into office, President Javier Milei has achieved a critical feat in a country long ravaged by runaway inflation: stabilising Argentina’s currency. The peso has, in fact, not only stopped plunging day after day but is also rallying sharply in one key foreign exchange market—there are many of them here, a byproduct of the country’s web of byzantine rules—the blue-chip swap. The peso has soared 25 per cent against the dollar over the past three months in this market, which is used…

Argentine Farm Entrepreneur: They have built an empire that employs more than 1,300 employees

With a focus on the diversification strategy of activities in Entre Ríos province, the Eggs family is involved in poultry, agriculture, meat, and dairy farming and ventured into hospitality. “I am part of the second generation of a family business founded 50 years ago,” introduces Hernán Eggs, 49 years old, with three children, and owner of the company Noelma. This leading Entre Ríos poultry business began in 1974 but later diversified into agriculture, beef and dairy farming, and the provision of…

Argentina’s Lithium Project Pipeline

Argentina, Chile, and Bolivia comprise the lithium triangle, which is thought to contain roughly half the world’s known lithium. According to the US Geological Survey, Argentina has 19.3Mt of the world’s 89Mt lithium resources. Bolivia (21Mt), Chile (9.8Mt), and Australia (7.3Mt) round out the top four countries in terms of estimated resources. Argentina, though, is set to see major growth in lithium production over the next few years. Argentina, the world’s fourth largest lithium producer, is expected…

Argentines and foreign investors are gaining more confidence that a strong recovery is possible soon

President Javier Milei expressed that the Government has various reasons for optimism. He highlighted positive survey data despite the severe economic recession and asserted that Argentina will experience a robust economic recovery once the stocks are opened. In addition, the President stated that although 70% of Argentines acknowledge their current struggles, there is an essential factor to consider. He mentioned that at the beginning of their mandate in December, only 20% of Argentines believed that their…

“Unbelievable! Argentina Crushes soybean exports with record-breaking 7.8m tonnes in just 2 months of 2024!”

In the first two months of the year, grain exports totalled just over 7.8 million tonnes, almost double the same period last year when 4 million tonnes were exported. The increase is due to the end of the drought, which is crucial for foreign exchange earnings.  Cargill and Viterra top the list of companies that control the business, following the collapse of Vicentin. Thus, the U.S. multinational Cargill led shipments of unprocessed grains with 15% of the total, about 1.8 million tonnes. Dreyfus came in second…

Argentina seen through different eyes

Historians will normally agree that history is best written by those who are not nationals of the country they are writing about. So it is not surprising that when The New York Times sent a journalist to cover the Southern Cone, once said that Argentina was like a five-star hotel in which all the guests were complaining about the room service. His metaphor had a message: that those fractious hotel guests had no reason to complain about the room service. They merely had to stop bickering and recognise what they…

BBVA Research: Argentina Economic Outlook. March 2024

Tendencias en la Economía Argentina
Javier Milei’s government took office aiming to have a less regulated and more market-friendly economy with the private sector as the main driver of economic growth. The core of his macroeconomic policy is to achieve fiscal equilibrium and eliminate monetary issuance to cover public spending as of 2024. Key points The new Administration has started correcting relative prices. The FX rate rose 120% in Dec-23 and has been moving at a 2% MoM pace since then. Regulated prices, such as transport and utilities,…

Argentina posted a monthly surplus for the first time in 12 years

The Argentine government announced this on Friday evening in January, achieving a monthly budget surplus for the first time in almost 12 years amid tough spending cuts pushed by President Javier Milei. The first full month in government for the ultra-liberal Milei, who took office in December, It ended with a positive balance for the finances of the Argentine public sector: the surplus amounted to about $589 million at the official exchange rate. Product of more income than expenses. This also includes…

The 20 largest landowners in Argentina

Among those with the most concentration are businessmen and groups with 100 thousand and more than one million hectares of all types. Some, like Benetton or Cresud, by Eduardo Elsztain, are better known. Companies with Chinese, Swiss, and Chilean capital and low-level actors also appear. In the last few hours, the newspaper Perfil published a revealing and complete report with the 20 largest landowners in Argentina. Among the Argentine businessmen with the most significant number of hectares are Eduardo…
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