Inflation rates averaged 2% per month between April and July due to measures taken by the government to contain price increases due to the pandemic. However, as the consulting firm Ecolatina warns, inflationary pressures will reappear in the coming months, and it projects an acceleration in the rise of the CPI, which would close the year just below 39%, with an average of 4% per month in the last four months.
According to a report by the Argentine Confederation of Medium-sized Enterprises (CAME), the average price gap between what the consumer paid and what the producer received for the main agricultural products participating in the family table fell 15% in August, and the producer's share in the final price jumped to 28.9%.
Driven by the cost of personnel and the increase in diesel fuel, which make up more than two-thirds of the cost structure, the price of freight recorded a rise of 5.1% in August. Although it was the highest increase of the year, transportation costs accumulated a 32% increase in the last 12 months, a figure significantly below that shown in the accumulated 2019 (47%) and 2018 (61%).
The Government and Banco Nación launched a new line of financing for SMEs in the cultural sector, for a total amount of 750 million pesos ($10.02 mn), with a subsidized rate and a year's grace. The loans will have a term of up to 24 months, with a one-year grace period on the capital, and … Continue reading 10.02 million in loans for cultural SMEs launched, with one year’s grace
Banco Santander announced that it would double its investment in "fintech" to $400 million with the launch of a new venture capital fund Mouro Capital that replaces Santander Innoventures, with financing rounds of up to $15 million. Source: Ámbito
Argentina has once again been among the worst places in the world to attract investment: between 2019 and 2020 it was one of the countries that dropped most in the Global Attraction Index (GAI) that The European House Ambrosetti carries out every year. According to the GAI, from 144 positions, the country fell from 73rd … Continue reading Argentina is among the worst places in the world to attract investment