Industrial production rose by 0.7% in November compared to October and was the same level as in November 2019, according to the Industrial Production Index (IPI). The production of non-metallic minerals and that of the automotive sector - with advances in the automobile and pickup truck segment - had an outstanding year-on-year growth and made the most significant contribution to the industry's growth. Nevertheless, in the first eleven months of the year, the sector accumulated a 6.4% drop in comparison with the same period in 2019.
The government enacted the law adopting the rules established in 1997 by the International Agreement on the Prevention of Pollution from Ships, which prohibits vessels from emitting greenhouse gases. It is an agreement signed within the framework of the International Maritime Organisation (IMO). It contains rules aimed at preventing and minimising pollution from ships, both accidental and from normal operations.
Yesterday, Alfredo Coto led the reopening of a refrigeration plant he bought in 2018 in Rosario, Santa Fe. With an investment of $25 million and the creation of 650 jobs, the owner of the supermarket chain said the expansion works would allow him to boost his livestock exports to markets in Europe and Asia.
According to a report by the Economic Commission for Latin America and the Caribbean (ECLAC), the Argentine economy will recover by 4.9% in 2021. In 2020, the fall will be 10.5%, due to the coronavirus pandemic and the global contraction.
During the third-quarter economic activity grew by 12.8% in seasonally adjusted terms compared to the second quarter. In the year-on-year comparison, meanwhile, GDP fell by 10.2% to cut the previous period's contraction of 19%. During the first three quarters of the year, it accumulated a decline of 11.8% year-on-year.
The agreement between the Government and Aeropuertos Argentina 2000 will involve an investment of $2.5 billion and will generate 15 thousand jobs. The agreed plan foresees the first $1.4 billion in investments over the next seven years, with works to carry out in airports located in 20 provinces, which will allow for the accelerated recovery and development of the airport system with a federal focus. The extension, foreseen in the original contract, will be extended until 2038.