Ford has added 256 employees for the production of the new Ranger in Pacheco

The local subsidiary of the multinational Ford increased production at its Pacheco plant in Buenos Aires and hired 256 workers. The decision comes from the growing demand for its Ranger pickup truck model, both in Argentina and Latin American markets. The automaker increased the daily production volume of Ranger to 286 units, 30% higher than pre-pandemic levels.

Vaca Muerta: the conflict costed more than $ 500 mn

The conflict in Vaca Muerta generated losses close to $500 million, the country will have to spend on imported LNG, the gas production that could not be used and taxes that will not be collected by the provincial government. Besides, it affects the image of the Neuquén formation in the eyes of future investors.

Argentina, among the three countries with the worst performance in the coronavirus pandemic

The country ranked second to last in statistical analysis by Bloomberg of 53 nations. To carry out the survey, only those economies whose GDP exceeds USD 200 billion were analyzed. They took a large amount of data and taken into account parameters to determine where the pandemic is being fought most effectively, i.e. with the least social and economic consequences.

Government to pay $300 million to the IMF next week

The Government will pay next week to the International Monetary Fund (IMF) some $300 million correspondingly to the Stand-By program's interest maturity. It will be the second payment that the country will make this year, while the negotiation of the new program to refinance around $45 billion owed continues. Between the Fund and the Paris Club, the commitments total $7.6 billion in 2021, but the country is seeking to reschedule the principal maturities.