The government of Córdoba announced the successful restructuring of its dollar debt for a total amount of 1.7 billion dollars. The agreement reached with the bondholders includes a one-point reduction in the interest rate from 7.23 per cent to 6.08 per cent on average, representing a saving of $200 million over the next eight years, and postponing the first maturity to 2023 and the last to 2029; this implies a temporary saving of $700 million.
The prices of the different cuts of beef showed increases of 19.9% in December, which means a rise of 74.8% compared to the same month in 2019, despite the record number of animals slaughtered in 2020 and the fact that international values of the product fell by 4.5% last year.
YPF will move forward with the refinancing of some $6.2 billion, to generate the conditions to promote an investment plan to reverse the negative trend in oil and gas production.
Rents last year marked the most considerable rise in nine years as they accumulated a 62% increase, 25 percentage points above annual inflation, which is estimated to be close to 36%.
Affected by the economic crisis that generated the more than 200 days of social, preventive and obligatory isolation in 2020, private schools register debts in more than 60% of the students because many families were unable to comply with monthly fees. Also, it estimates a drop of more than 30% in enrolment this year, due to the second wave of Covid-19 pandemic.