Industrial SME production grew 13% in March

The production of industrial SMEs grew 13% in March compared to the same month of 2020. The increase was foreseeable because it corresponds to a month of sharp decline; in March 2020, production had dropped 28.3% year-on-year at the beginning of the restrictive measures. Likewise, production is still 19.5% below pre-pandemic levels (March 2019).

Globant promises to create 2,500 jobs this year

Globant, the Argentine unicorn that offers global technology services, announced that it would generate 2,500 jobs this year in the country, as part of an expansion process it will carry out in the 12 cities where it is present to strengthen the national industry. Globant has more than 16,250 professionals and is present in 18 countries working for companies such as Google, Rockwell Automation, Electronic Arts and Santander.

The economy fell 1% in February

Economic activity fell 2.6% in February on a year-on-year basis, while compared to January, the decline was 1%, thus cutting a streak of nine consecutive months of growth. It was reported yesterday by INDEC, which highlighted that the Monthly Estimator of Economic Activity (EMAE) accumulated in the first two months of the year a decline of 2.4%.

Sancor Seguros presented $10 mn funds to invest in startups

Sancor Seguros presented yesterday Sancor Seguros Ventures, a new corporate venture capital fund that will invest in startups in the early stages of development in three sectors: insurance tech, fintech and health tech. The fund is a new corporate venture capital vehicle that will have $10 million to be invested in tickets of up to $500,000 among a portfolio of 12 startups, mainly in Latin America and covering global needs.