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…

The Argentine President Milei chainsaw: A bold vision for Argentina’s rebirth?

The firebrand new President ignites his nation’s hope for revival, confronting decades of economic decline. Can he deliver? he 96-year-old TV host, Mirtha Legrand, reaches across and holds the hand of the firebrand new Argentine TV President, Javier Milei. “I am an old lady, and I don’t want to leave this world without seeing my country flourish”, she asks, through glassy eyes. President Milei responds: “You will see it flourish”. Milei holds Legrand’s embrace across the show’s closing credits.…

Argentina’s Giant Agricultural Show Expoagro 2024

The Exhibition ExpoAgro is the most important open-air agroindustrial exhibition in Argentina. It is organized by Exponenciar S.A, with Clarín and La Nación as shareholders, the leading newspapers in Argentina. It is held once a year, for four days, 225 km far from Buenos Aires, in San Nicolás, in the heart of Argentina, so-called “pampas”, the most productive and highly potential region of the country. Thousands of visitors from Argentina and the world participate in this mega agribusiness meeting,…

The early Scots pioneers in Argentina and the Patagonia Austral (Chile)

The early Scots pioneers in Argentina and the Patagonia Austral As part of the massive exodus of European peoples, significant Scots emigrated overseas the hundred years before the First World War. Most settled in the United States of America or Canada, Australia, New Zealand and other parts of Britain’s vast empire. A significant minority, however, emigrated to South American states, Argentina being a popular choice. The first Scots settled there in the years before Argentina became an independent confederation…

Recently appointed President Javier Milei has passed a “mega decree” that includes the repealing the land foreign ownership rules

The Government will remove the rule that in 2011 limited the sale of fields to foreigners. This law is amongst the 200 pages of other modified or removed to fire up Argentina’s economy and remove the damage that 70 years of Peronism have done to one of the world’s most important economies. These points, among others, are contained in the megadecree of necessity and urgency that the Government will announce. This Wednesday, according to reports, President Javier Milei will…

“Uncovering Argentina’s Game-Changing Solution to Economic Crisis: How “Shock Measures” Could Turn the Tide!”

Get ready for some significant changes in Argentina. Javier Milei, the new president, announced drastic measures that will impact the nation and its neighbours. We’re talking about cutting the currency’s value in half, reducing aid to provincial governments, suspending public works, and even cutting subsidies for gas and electricity. And yes, some taxes will also go up. But let’s be real. It’s time to face the facts. Argentina’s economy has been a disaster for way too long. And…

Will Javier Milei Change Argentina? An Initial Analysis

On November 19, Argentine voters elected Javier Milei, President of the Argentine Republic. Milei, an outsider with little political experience, is known for his “liberal” (in the Milton Friedman sense of the word) economic stances and his passionate televised appearances. His zealous repudiation of Argentina’s history of government intervention in the economy and redistribution of wealth has captured worldwide attention. The Milei Phenomenon Javier Milei is an economist and ardent defender of liberal…

Libertarian Javier Milei to become Argentina’s next president

The ruling party’s presidential candidate, Peronist and current Minister of Economy of Argentina, Sergio Massa, acknowledged on Sunday the victory of his libertarian and far-right contender, Javier Milei, in the second round of elections in the country. The candidate of Libertad Avanza surpassed Massa in the ballotage by almost 8 points. The support received in the country’s interior, especially in Córdoba and Mendoza, was decisive, it was reported. Almost 50 minutes before the time announced for…

Two-thirds of high-net-worth individuals investing in Uruguay are Argentinean: What do they know?

The sector of investment advisors and portfolio managers in Uruguay grew in the number of clients and employees last year. This sector currently manages the money of 36,170 clients, 63% of whom are Argentine, with a total of US$ 28.93 billion invested in different instruments. Data released by the Central Bank of Uruguay (BCU) shows that at the end of 2022, there were 67 portfolio managers and 106 investment advisors in the country. This is an increase of 10 from the previous year. Portfolio managers are legal…

Ranking: The five cities with the most expensive real estate in Argentina

It is historical, the properties located in the city of Buenos Aires are the most expensive in the country. Without going any further, according to the latest Index from the Zonaprop portal, in November, the average price of an apartment was US$2,562/m². However, the purchase price of real estate in some cities in the interior of the country is not far behind either. Based on a private survey by Zonaprop, which LA NACION was able to access, in which the cities that have -at least- between 400 and 1,300 properties…

From 1977 to 2023: what happened to residential property prices after each presidential election in Argentina?

After four years of declining property prices, values ​​have stabilized, and there are promising signs of recovery: the analysis of the last 46 years in the Argentine real estate market. A few days before the presidential elections in Argentina, the real estate market is beginning to show signs of an imminent change in trend. To understand the complex behaviour of the sector, it is vital to contextualize the historical fluctuations of different economic moments, such as growth and recession cycles.…

BBVA: Argentina Economic Outlook October 2023

October 4, 2023
Uncategorized
The surprising outcome of the primary elections left an open end to the October voting and heightened uncertainty, increasing volatility and further worsening expectations for the coming year. We maintain our scenario of recession and high inflation for 2023 and 2024. The most-voted candidate in the primary elections (PASO) was Javier Milei of La Libertad Avanza, who was third in the polls. This surprising result leaves an open scenario for the general elections of October 22, given the small difference between…

The new NK Gasduct in Argentina: an unprecedented feat in terms of construction time and economic value

The President Néstor Kirchner Gas Pipeline (GPNK), the most critical energy infrastructure project of the last 40 years, was carried out in record time – six months for the production of tubes, ten months for civil works – thanks to the industrial muscle of the companies of the Techint Group. The GPNK, inaugurated last July, constitutes Argentina’s most relevant energy infrastructure work in the previous four decades. Furthermore, it is possible to enhance the development of Vaca Muerta oil and…

Consolidation of South American meat processing plants

Minerva Foods was the biggest exporter of beef in South America. It will take control of a San Luis unit in an operation worth US$ 1.5 billion for it and 16 other Marfrig Global Foods plants in Mercosur. Minerva Foods controls Swift in Rosario. Swift Argentina In Mercosur, the Brazilian company Minerva Foods, the biggest exporter of beef in South America, now controls 16 refrigeration plants owned by its rival, Brazilian Marfrig. Argentina, where they bought an establishment, will consolidate their number one…
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