Extrugreen cereal company suspended for failure to settle operations for $70 mn

The Central Bank of Argentina (BCRA) suspended today the operations in the foreign exchange market of the cereal company Extrugreen S.A. for accumulating defaults in the liquidation of foreign currency in goods export operations for an amount of almost $70 million. Thus, the company will only access the Mercado Único y Libre de Cambios (MULC) to settle pending exports until it regularizes its situation.

ENACOM will allocate close to $3.48 million to improve and expand connectivity

The National Communications Agency (ENACOM) moved forward on Monday with a series of measures to expand and develop connectivity in several areas of our country. It will carry out the plan with an allocation of 329,009,656 pesos ($3.48 mn) from the Universal Service Trust Fund. The objective will be to guarantee access to quality networks.

Celulosa disposes of forestry assets for $21.3 mn

Celulosa Argentina, one of the largest companies in the forestry-industrial sector, is suffering the rigours of the economic crisis and the impact of the pandemic. As reported to the National Securities Commission, it completed three divestment operations for a total of $21.3 million to obtain cash to restore its working capital, which was affected by the payment of its financial debts.