Guzmán: dollar to rise 25% this year to reach $ 102 in December

On the other hand, Guzmán affirmed that the Government will have to reduce the fiscal deficit from this year, after the deficit of 8.5% of the GDP, a record in 45 years for the national public accounts. “You have to put the accounts in order so that it is consistent with the recovery of the … Continue reading Guzmán: dollar to rise 25% this year to reach $ 102 in December

The top 10 private banks (o/w 5 are foreign) hold 49% of deposits

The current radiograph shows that today there are 78 entities; 4,480 branches and 104,639 employees. The top ten banks have staff of almost 49,000 people; 30.7 million savings banks; 5.2 million checking accounts; 4.7 million accounts salaries; 2.5 million social aid savings banks; almost 4.2 million pension accounts; 1.7 million fixed terms of individuals and … Continue reading The top 10 private banks (o/w 5 are foreign) hold 49% of deposits

The price of soybeans for March fell 2.7% to $503.3 per ton

The cereal fell 3.7% since the USDA on Tuesday projected higher-than-expected national ending stocks of 1.502 trillion bushels for the 2020/21 season. "Anyone who would have bet that the latest US Department of Agriculture (USDA) forecasts would show another dramatic tightening of the grain and oilseed markets, which were already tight, was disappointed yesterday (Tuesday)," Commerzbank … Continue reading The price of soybeans for March fell 2.7% to $503.3 per ton

Electricity sector sales reduced by 50% in 2019

Sales in the electricity sector fell by an average of 50% according to data from the National Institute of Statistics (INDEC). In the last quarter of 2019 sales of televisions fell 10.7%, digital cameras by 18.8% and GPS equipment by 73.2%. The crisis in the sector has forced firms like Panasonic to leave Argentina. Source: … Continue reading Electricity sector sales reduced by 50% in 2019

500 workers of a cotton company of Vicentín are fired

The firm Algodonera Avellaneda, of the Vicentín group, which has been in cessation of payments since the beginning of last December, granted 500 employees since yesterday, with the argument of the lack of raw material. This decision adds to the 800 operators of the oil plants in the town of San Lorenzo who have been … Continue reading 500 workers of a cotton company of Vicentín are fired

Central Bank is due to lower interest rate to 38% on Thursday

The Central Bank has already made the decision that will be communicated on Thursday, following the Board meeting: the reference rate will drop by two points to 38% to continue the drop curve that began with the change of government. This time the Central decided to keep the downward trend but slowing the pace: the … Continue reading Central Bank is due to lower interest rate to 38% on Thursday

YPF increased the price of gasoline because of a tax increase

The price of YPF super gasoline increased 13 cents per liter and the premium, 15 cents, which means a minimum increase of 0.24%. Unlike other times, there was no official announcement and the oil company explained that it was not a raise, "but a transfer of the carbon dioxide tax (IDC) update." The state-controlled oil … Continue reading YPF increased the price of gasoline because of a tax increase