Industrial SME production fell 2.8% in October, compared to the same month of 2018; and in the year it accumulates an average loss of 7%, when compared with the production carried out between January and October of last year, according to a report released by the Argentine Confederation of Medium Enterprises (CAME).
The Ministry of Energy postponed for one month the increase in gas rates that was scheduled for next January and it was originally due to occur in October.
Several factions of Argentina’s bondholders are jostling for influence ahead of restructuring talks with incoming president Alberto Fernandez as Latin America’s third-largest economy tries to avert a default, more than a dozen sources familiar with the process said. Argentina is once again buckling under the weight of its sovereign debts, which total around $100 billion.
FMC – Minera del Altiplano is the financial force behind a soon-to-be-open $800,000 solar farm in the town of Antofagasta de la Sierra, Argentina’s Catamarca province. Known as the Antofagasta Solar Park the 600.3-kilowatt facility, run by provincial energy provider EC SAPEM, is a hybrid photovoltaic solar farm with the capacity to power 1,000 homes at reduced prices.