The industry grew 6% in December

According to the advanced index prepared by the Centre for Production Studies, which considers the energy consumption provided by CAMMESA, the year-on-year expansion of activity was 6.1%. The improvement was driven by the most influential sectors: the steel, metal-mechanic and automotive industries.

Santander partners with Mercado Libre to finance car sales

Santander Argentina and Mercado Libre closed an agreement that makes available to users of the e-commerce platform a line of collateral financing for vehicles' online purchase by a single click. The funding has a limit of up to 3.1 million pesos, significantly reducing granting and leaving the paperwork only for the last stage of the operation. The new service has more than 22,000 publications, 75% of which are new vehicles and 25% used.

During 2020, national public debt increased by more than $13 bn

Although the swap agreed with the creditors, during 2020 in pesos and foreign currency, the national public debt grew by $13.02 million. According to the Ministry of Finance, it rose from $323.06 in 2019 to $336.09 billion in 2020. This level of public debt does not include the obligations of the provinces or the Central Bank. And it is estimated to be around 100% of GDP versus 89.5% in 2019.