The Riccillo Group inaugurated a bioenergy plant located in General Alvear, Buenos Aires, after an investment of 5.5 million dollars, which will inject 1MW into the national electricity grid. The plant has three biodigesters fed with pig and poultry effluents, with a capacity of 5 million litres each.
The government temporarily closed the register of maize exports to supply the grain to sectors that use it as a raw material to produce animal protein on the domestic market and contain food prices. The measure aims to make the 4.27 million tonnes available during the summer months when cereal supply tends to be tight.
The number of 0km vehicles sold in December fell by 3.6% year-on-year and closed the year with a fall of 25.5%. The sector is calling for incentives to return to pre-pandemic levels during 2021.
During 2020, exports would have decreased by 15% to $55.4 billion, a drop above the regional average of 10.5% for Latin America and 8.4% for Mercosur countries. The country's exports in all of 2020 will be equivalent to what China exports in one week and what Brazil sells in three months.
Despite having made a strong recovery in November, the Merval index suffered a severe blow to the 2020 average, at least if measured in dollars, with a fall of 35 per cent.
Banks have already disbursed 147.864 million pesos ($1.76 bn) in subsidized-rate loans launched in October through the new Financing for Productive Investment in Micro and Small Enterprises (MiPymes) scheme, designed for companies that are recovering working capital and expanding their production processes after months of the crisis caused by the Covid-19 pandemic. Forty-nine thousand six hundred nineteen companies have already benefited from these lines, which have maximum interest rates that depend on the funds' destination.