The Government formalized the creation of the National SME Training Agency, a project for improving production processes in which the national Government will invest 2.3 billion pesos ($24.56 million) and enable the training of more than 170,000 workers from 40,000 companies this year.
The BGH Group announced yesterday an investment of 1 million dollars for computers in Buenos Aires. The Positivo BGH computers will go to the Juana Manso Plan, a program launched by the national government to strengthen connectivity and educational inclusion in public schools across the country and supply the domestic market.
Fintech Ualá, specialising in financial services management, announced a 5.7 billion pesos ($60.92 mn) investment plan that includes 750 workers in 2021 to double its workforce to 1,500 employees, to expand its operations in Argentina and the region.
Coparticipation transfers to the provinces grew by 36.5% annually in April, in real terms, according to a report by the Argentine Center for Political Economy (CEPA). They made the comparison against April 2020, the month with the worst economic figures since the arrival of the Covid-19 pandemic due to strict sanitary restrictions.
For the 2021/22 Fine Season, production expected to reach 23.6 million tons. Wheat would remain at 6.5 million hectares, and barley would expand its area to 1.15 million hectares, increasing 28% over the previous season. If these estimates realize, the Gross Domestic Product of both chains will reach $4.57 billion, and wheat and barley exports would rise to $3.79 billion.
Sales in retail stores grew 40.8% in April concerning the same month of 2020, and so far this year, they have accumulated an increase of 6.8%. In the monthly comparison April-March 2021, sales fell 8.3%, a decline caused by the seasonality of the season. Source: Ámbito
After the inflationary lunge of March, when the retail price index rose to 4.8%, April is presented with an inevitable deceleration, although lower than official expectations: economists foresee increases above 3.5% and in some cases, closer to 4%. Thus, the first four-month period would close with an increase of more than 16%, considering that the first quarter has already accumulated an increase of 12.9%, which is almost double the same accumulated period of last year (7.7%) before the outbreak of the pandemic.
Farm dollars continue to enter Argentina's economy in record amounts. In April, $3.03 bn in agro-export foreign currency liquidated; the highest figure for that month in 7 years.
Through Resolutions No. 106 and 107/2021, which were published late on Friday in a supplement to the Official Gazette, the National Electricity Regulatory Entity (ENRE) defined an increase "for the current year of 9% in the average tariff for Edenor and Edesur users, which will be in force as from May 1.
Wenance, the Argentine fintech company leader in consumer finance with an international presence, announced a 30 million euro ($36.09 million) agreement. According to the local company, this financing may be extended to 50 million euros ($60.14 million) and will increase the company's presence in the international market.