Industry rebounded by nearly 10% in January

Industrial activity in January rebounded sharply compared to the same month last year. According to sources at the Ministry of Productive Development, growth was around 10%, although final figures will be available in the course of February. In the last week of last month, activity was growing by between 7% and 12% in different branches of industry.

Argentina’s YPF sweetens debt offer again in bid to clinch deal

Argentine state energy giant YPF further improved its $6.2 billion debt restructuring offer to creditors and pushed back the deadline for accepting it, raising expectations that a deal could be clinched. The firm, which spearheads development of the South American nation's huge Vaca Muerta shale fields, said that it would amend the balance between cash and new securities in the offer to give creditors a larger cash payout.

Government extends border closures until end of February

Argentina’s government has extended the closure of its borders, extending a decree that prohibits non-resident foreigners from entering the country until the end of this month without special dispensation. The decree prohibits entry through ports, airports and land border crossings, extending existing measures put in place to tackle the spread of COVID-19 in Argentina.