Edenor and Edesur request subsidies for $590.68 million in order not to raise tariffs

Edenor and Edesur, the two largest electricity distributors in the country, yesterday raised the need to apply increases of between 28% and 34% in residential tariffs this year. They clarified that if the Government decides not to raise tariffs on users, the companies would need subsidies for 54,260 million pesos ($590.68 mn) to maintain the current services.

Argentina lost a lawsuit in New York for the PBI Coupon

New York Judge Loretta Preska ruled against the country in the case brought by the vulture fund Aurelius due to how during 2014, Cristina Fernández de Kirchner's government modified the mechanism for measuring the national GDP. If the case settled, the country should pay a minimum of $1.2 billion for the GDP Coupon. According to Preska, the government acted in "bad faith".

Trufas del Nuevo Mundo projects an annual production of 1,500 kgs by 2024

Trufas del Nuevo Mundo is an SME with more than 50 hectares in the town of Espartillar in the province of Buenos Aires and, by 2024, expects to reach an annual production of 1,500 kilograms. In the European market, trufas worth more than 1,500 euros per kilo. In Trufas del Nuevo Mundo, the export value ranges between $750 and $900, although they reached $1,100. From its beginnings in 2012 to the present, the company invested some $ 3.6 million. The investment values represent 30% of the profit.