Retirement and pension payments reach 12.8% of the GDP. One hundred seventy-seven regimes have their own rules and benefits; they get 40% of retirees (3.7 million people) but involve more state expenditure than the general Anses regime (5.7 million retirees) because their pensions are 85% higher.
Argentina's trade balance recorded a surplus of $1.47 billion last April as a product of exports of $6.14 billion and imports of $4.67 billion. Exports were the highest since August 2014 due to the substantial increase in commodity prices. Trade exchange grew by almost 50%.
With various eleven securities, the Treasury raised 249.102 billion pesos ($2.64 bn), the most significant amount of the year. Yesterday's bidding was vital because they had to face debt maturities in pesos for almost 306.5 billion pesos ($3.25 bn).
The cement company Holcim inaugurated Wednesday a new cement production line at its plant in Malagueño, Córdoba. The group invested $120 million in the project of an integral line that included a new kiln and a new generation vertical mill following world standards on the impact on the environment. It will increase capacity by 512 thousand tons during the year, representing 45% more than at present.
With more than 2 million active users, Bitso is the largest cryptocurrency platform in Latin America and the first to be regulated in the region. In recent weeks, in the heat of the digital asset boom, the company raised $250 million and reached a valuation of $2.2 billion, making it the third most valuable fintech and platform in Latin America.