The telecom company Telecom announced a positive revision in its investment expectations in Argentina and informed that there will be an increase in flow from $500 million to $600 million. The decision was made after the success of the debt swap and the stability of the business.
Day: August 21, 2020
Nissan committed to investing $130 million in Argentina
Nissan Argentina is committed to investing $130 million in Argentina, to add value to production and enrich the integration of the production chain. In the medium and long term, it is committed to expanding its product range, developing local suppliers and exporting to more markets.
The industry improved by 17.7% compared to June
In July, industrial activity showed a 17.7% growth compared to June, according to data from the Centro de Estudios de la Unión Industrial Argentina (CEU). The report notes, however, that compared to the same month last year, production fell 10.7%.
The primary fiscal deficit was $2.11 billion in July
The primary fiscal deficit slowed in July compared to previous months' records and reached 155.52 billion pesos ($2.11 bn), the Economy Ministry reported. Total state revenues grew 16.1% year-on-year and 8.3% in monthly terms. On the side of expenditures, primary spending showed an inter-annual growth of 59.2%.
A typical family needs $606 to avoid poverty, 39.4% more than a year ago
A family of four needed 44,521.25 pesos ($606) to overcome the poverty line in July, 39.4% more than a year ago, INDEC reported. The monthly variation of the basic food basket (BFB) concerning June 2020 was 1.6%, and the same difference had the total basket (TBC).
