The government launched the SME Federal Export Development Plan that will have an investment of 20 billion pesos ($251.8 mn) and that, according to them, seeks to boost the export capacities of 15,000 SMEs throughout the country.
Day: November 12, 2020
Agroexportadora Dreyfus sold 45% of the company to an Arab fund.
ADQ holding, which based in Abu Dhabi, will invest at least $800 million to support the business strategy of the multinational, which in Argentina is among the leaders in grain trade with its ports and crushing plants; it is among the top 10 grain, sub-product and cotton exporting companies and employs more than 1,300 people.
Soybeans rose 27% in one year to $420 per ton
The international price of soybeans on the Chicago exchange reached $420 per ton and will leave $2.7 billion more, despite a lower production forecast. The oilseed complex would contribute more than $20 billion to the economy if the values are maintained, and the government will collect $5.4 billion in withholding taxes, $700 million more than expected.
IRSA and Cresud restructured debt for $243 million
Cresud and its subsidiary IRSA successfully restructured negotiable obligations (bonds, debentures) for a total amount of $243 million, reaching a high level of adherence from their holders.
Public sector primary deficit reaches $945.38 mn in October
According to an analysis by the Congressional Budget Office (OPC), the national public sector registered a primary deficit of 75,092 million pesos ($945.38 mn) in October, as a result of a 4.5% drop in revenue and a 22.9% year-on-year increase in spending in real terms.
