The transport workers have maintained intermittent roadblocks since Saturday in the central part of the country and could toughen the measure of force while continuing to wait for a call from the government. The agribusiness sector was one of the hardest hit. In the first four days of this week, around 10,000 trucks stopped entering the port, representing an average load of 300,000 tonnes with an approximate value of $145 million. The figures must add $30,000 for each day's delay in loading a ship.
Category: Industry
Information about Argentina’s economic sectors
EDEN electricity company completed works for $3.8 mn in the north of Buenos Aires
EDEN, the Desa Group company that holds the concession for the electricity distribution service in the north of the Province of Buenos Aires announced the completion of $328 million ($3.8 million) worth of works that will allow the company to improve the quality and availability of the service.
Construction costs rose by 42.3% in 2020
The cost of construction increased by 3.4% during December and accumulated a 42.3% rise over the whole of 2020. According to the INDEC, the variation in the last month of last year resulted from a 6.2% increase in Materials, 0.8% in Labour and 3.2% in General Expenses.
The Argentine startup Satellogic will launch satellites with the company Space X
Satellogic, a young Argentine technology-oriented aerospace business, closed a deal with Elon Musk's Space X to put four nanosatellites into orbit on a Falcon 9 starting in June. The aim is to build a constellation of 300 satellites, all of them manufactured by the company. The company was created in 2010 and has already received $120 million investments and is shaping up to be a unicorn. To date, it has launched 21 low-cost nanosatellites and plans to triple that number by 2023.
The industry grew 6% in December
According to the advanced index prepared by the Centre for Production Studies, which considers the energy consumption provided by CAMMESA, the year-on-year expansion of activity was 6.1%. The improvement was driven by the most influential sectors: the steel, metal-mechanic and automotive industries.
Rio Negro received more than 100 thousand tourists in January who injected $8.75 mn
The Patagonian province of Río Negro was one of the most chosen destinations during the first half of January, with the visit of 100 thousand tourists and some 30 thousand hikers, who injected some 753,195,000 pesos ($8.75 mn) into the regional economies.
State cargo trains carried 15% more by 2020
The state company Trenes Argentinos Cargas transported 15% more tons of production during 2020. Sixty-five per cent of the volume of traffic is grain, but they have also expanded the movement of products from regional economies.
Steel production grew 19% year-on-year in December
The Argentine Chamber of Steel reported that production grew 19% year-on-year in December. The sector's momentum explained by the upturn in construction, the exploitation of hydrocarbons and the increased demand for durable goods.
YPF increased its fuels by 3.5%
The state oil company YPF announced a 3.5% average adjustment to its fuel prices, starting at midnight this Saturday. This increase includes the increase of the Liquid Fuels Tax (ICL) and the Carbon Dioxide Tax (IDC) of 7.7% that came into effect from this Friday, as provided by the national government.
YPF and Equinor partner with Shell for offshore exploration
YPF and Equinor agreed on Shell's entry as a third partner of the offshore block CAN100, located in the Northern Basin of the Argentine Sea. After this operation, Equinor (operator of the area) and YPF will divide 70% of the block into equal parts, and Shell will enter with the remaining 30%. The block locates in water more than 1,500 metres deep that has never been explored or drilled in the country before.
