11 Things I Learned About Investing in Argentina
After completing my studies at the University of Canterbury I wanted the challenge of living and working abroad in a foreign language. With the help of the New Zealand Prime Minister’s Scholarship and the New Zealand Embassy in Argentina, I undertook a three-month legal internship with Wiener.Soto.Caparrós in Buenos Aires. WSC is a mid-size law firm specialising in cross-border legal advice, with specific expertise in cross-border finance, mergers and acquisitions, corporate structuring, tax law, employment…
1,000,000 acre Argentina Farm offered for sale in San Juan
Gateway to South America – Argentina Estancia Punta del Agua – 1,000,000 acres Location: San Juan, ArgentinaAsking USD: Expressions of InterestCode: ARATF226 Click this link to see the video and Brochure of the propertySize: 375,640 hectares more or less Description375,640 hectares or just under 1 million acres in the North West of Argentina, with potential and feasibility studies for agriculture, cattle ranching, biofuels, renewable energies and tourism. Strategically located…
Argentina has a new cropping record: between January and August 2021, they exported USD10 Billion more than in 2020, what does this mean for the economy?
Income from foreign exchange for August fell compared to July, as expected due to seasonal variations, but as El Cronista anticipated it was still the highest in Argentine history. What will be the impact? Exporting companies of grains and agricultural by-products made the best settlement for the month of August in history as announced by El Cronista. They entered USD 3,049 million during the eighth month of the year and, thus, so far in 2021 it would already be exceeded by USD10 billion to the total of foreign…
Argentina: Savings Accounts or Direct investment: here is the innovative way to invest saved dollars in times of crisis
The recurring crises in Argentina generated that it has large amounts of money saved without many investment options. With a minimum investment of USD 500, Agropecuaria Surmax allows savers to obtain an attractive annual income in dollars with semiannual interest payments. Argentines have had a general distrust of the financial system for years, added to the economic policy of exchange restrictions, causing many Argentines to doubt a lot when making a financial decision. It is known that Argentina has experienced…
Do You Want to Register a Subsidiary in Argentina?
If you are interested in doing business in Argentina, one attractive option is to register a subsidiary, which will operate with a significant level of independence from the holding company based elsewhere, and thus offer a level of protection in the event your subsidiary encounters any sort of financial or legal inconvenience. For that reason, many investors interested in entering the market choose to register a subsidiary in Argentina. Argentina is the third-largest economy in Latin America, with a gross…
Is Anyone Crazy Enough to Lend to the Argentina government?
In June 2017 Argentina sold US$2.75 billion of 100-year bonds and I wrote then that “Argentina is unlikely to get through a decade without defaulting let alone 100 years”. It wasn’t a particularly radical call for a country that had defaulted four times in the previous 35 years. In August 2019 Argentina announced it planned to default and was seeking talks with its lenders to restructure its debts, sending the price of its bonds plummeting. This week Argentina struck a deal to restructure its debts on…
Argentine’s farmland in USD terms collapses: experts reveal which locations to now invest in
As in other sectors, the pandemic has been making itself felt in the worst possible way and that is in rural real estate activity. So, what are the areas to invest in? The paralysis evidenced by the lack of sale of properties in the urban areas, rural real estate activity also transits one of its worst moments with operations close to zero in the past two months. These same indicators are the one that opens up opportunities for investors with cash, with the prices in key areas of agricultural production areas…
Vaca Muerta led surge in December oil and gas output in Neuquen, Argentina
Neuquen, the most productive oil and gas province in Argentina, saw oil production surge 23.4% to 160,445 b/d in December year on year, led by the development of the giant Vaca Muerta shale play, Governor Omar Gutierrez said. “In 2019, around 30,000 additional barrels per day were produced, allowing us to reach values not reached since 2005,” he said in a statement late Tuesday. The shale oil blocks that posted the most growth included two operated by the country’s state-backed YPF: Bandurria Sur with…
Will Argentina revert to a non-country for local and foreign investors if Cristina Fernandez wins
Argentina’s populist former president Cristina Fernandez de Kirchner — who is nominally running for vice-president, but is the indisputable No. 1 on her ticket — is leading in most polls for the Aug. 11 primaries, and for the October presidential elections. If her ticket wins and ousts the current president, Mauricio Macri, Argentina will sink into an even deeper economic crisis. That’s my conclusion after getting internal statistics from international financial institutions. They confirm what some…
New business opportunities in Argentina: Opening the economy to foreign investment
Argentina is experiencing many political and economic changes by opening its economy to foreign investment. Let’s look closely at how Argentina’s economy is making changes for the better and what will be the next opportunities for foreign investors. Argentina will be the first South American country to host the WTO biennial Summit (World Trade Organization) in December 2017, before hosting the G20 summit in 2018. This is not a surprise, as Argentina has made an irreversible turn towards globalization.…
Interview with Nicolás Dujovne, Argentina’s Treasury Minister
What was the strategy behind the fiscal reform? Minister Dujovne: When we came to power we inherited a large fiscal deficit, a high level of public spending and a heavy tax burden. All three have to be cut but the only way it can be done is gradually because if we cut taxes very quickly then the deficit will increase. It’s only by cutting public spending can we have room to also bring down both taxes and the fiscal deficit. So, we have committed to cutting consolidated public spending, which includes federal…
Argentina: Sentiment on Argentina is running hot
Sentiment on Argentina is running hot. Really hot. Unfortunately for the optimists, sentiment isn’t the only thing running hot in Argentina. The country is experiencing its worst drought in 30 years – an event that is already causing GDP estimates for this year to get dinged. More on that in a second. But first, let’s look at the positive view: The first of these is that foreign capital is coming back to Argentina. This is certainly true. They further suggest that capitalist president Macri’s…
Argentina continues with its infrastructure boom in 2019
Although in 2018 infrastructure spending will fall in inflation adjusted terms, there will be more funds for long-term projects in the following year which is an election one. The spending could still be even higher if PPP (Private and State) agreements currently being negotiated are concluded successfully. With the strategy of producing a funnel that focuses all the states resources to be fully deployed in a final sprint, where the government will reduce spending next year in real terms the investment…
Business optimism in Argentina is the highest in 22 years
86% of Argentine Businesspeople believe that the economy will continue to improve A new poll shows 65% of businessmen felt that the economy will be “moderately to significantly better” in the latter part of the 2017 year, while 21% thought it will be “considerably better”; half of those surveyed say they will increase employment in their own companies. This is good news in an economy that has been struggling to make the necessary cultural and economic changes from years of regressive…
Agri-Business M&A Report for Argentina
Agribusiness Report Q2-2017 reflects the continued high level of activity in investment projects from Q1 but fewer M&A transactions in Argentina. As mentioned before, there is an increase in agricultural companies looking to finance working capital and investment plans through local financial markets. As the months develop in 2017, the political factor will play a protagonist role in investment decisions due to the national mid-term elections and the yet unclear economic recovery. The assumptions determined…
