Moody’s warned of credit risks and loss of value of the economy of $100 bn

The rating agency Moody's warned that credit risks in Argentina remain high, due to the deepening economic contraction that began in 2018. The challenging macroeconomic environment, which includes high inflation, low liquidity and low credit availability, is likely to continue to affect various debt issuers. By the end of Q1 2021, Argentina's economy will have lost more than $100 billion in value, or 14.5% of GDP, as recorded three years ago. No losses are forecast beyond the 35%-65% range associated with Argentina's current sovereign 'Ca' rating.

Two solar power plants from San Juan enter the Argentinean interconnected system

The Ente Nacional Regulador de la Electricidad (ENRE) authorized the entry into the Argentinean Interconnection System (SADI) of two photovoltaic energy generating plants located in the province of San Juan. The Guañizuil II-A Photovoltaic Plant, located in the department of Iglesia, has a capacity of 100 MW and will be linked to the 132 kilovolts (kV) network of Energía San Juan and will provide electricity to 70 thousand homes in San Juan. The Tamberías photovoltaic plant has 3 MW and locates in the department of Calingasta. It will connect to the SADI in 13.2 kV bars.

Intel installs its regional office in Argentina increasing 40 high-quality jobs

Intel Corporation is the world's largest integrated circuit manufacturer and valued at $218.5 billion. The firm will increase its investment in the country to convert the office into a regional headquarters. It is working in Argentina for more than 20 years, with more than 60 high-quality jobs, which it plans to increase to 100 by the end of the year. The regional office will provide support to Latin America and Canada.

TransparentBusiness reached private valuation of $1bn

Argentina's Silvina Moschini is the founder and leader of the remote work management firm TransparentBusiness, which became a "unicorn" when it reached a private valuation of $1 billion and plans to go public in the fourth quarter of 2021. TransparentBusiness, created in 2012, grew with the technology boom caused by Covid-19 pandemic and is positioned as a "unicorn," along with 488 other companies around the world.