Mercado Libre Argentina plans to create 2,800 jobs

Mercado Libre will create 2,800 jobs in Argentina this year, increasing by 40% its workforce in the country; it is a significant challenge in a 100% virtual work environment. One thousand one hundred positions will be in technology development; 800 in shipping; 500 in customer service; 200 in administration and finance; 100 in fintech, and a similar number in other areas.

Atucha III agreement with China moves forward with an investment of $7.9 bn

The Government is negotiating with China a package of investments in infrastructure works. Total disbursements will be around $35 billion. Among the priority projects are the construction of the Atucha III nuclear power plant. A consortium of Chinese banks led by the Industrial and Commercial Bank of China (ICBC) will finance it. It foresees a concession-type loan of $ 7.9 billion, which would cover 85% of the reactor's price. This amount would make the nuclear power plant the most significant Chinese investment outside its borders.

The lithium industry is growing: there are 21 extraction projects for 93 million tons

The lithium industry represents an excellent opportunity to develop renewable energies and sustainable mobility worldwide. Argentina can play a strategic role in this global scenario: it is the third-largest lithium producer and the third-largest reserve in the world. Today in Argentina, there are two lithium mines in operation, one under construction and 17 advanced projects. In this total of 21 extraction projects, it has resources for 93 million tons. The ten most significant-scale projects account for 86% of the resources identified. Once the projects currently under investigation are advanced, it estimates that they can extract 350 thousand tons per year.

New car sales rose 105% in March

Sales of new vehicles totalled 36,591 units in March, which represented an increase of 105.3% year-on-year concerning the same month of 2020 when the government implemented the mandatory preventive isolation due to the coronavirus. March sales were 20% higher than last February.

Edenor and Edesur request subsidies for $590.68 million in order not to raise tariffs

Edenor and Edesur, the two largest electricity distributors in the country, yesterday raised the need to apply increases of between 28% and 34% in residential tariffs this year. They clarified that if the Government decides not to raise tariffs on users, the companies would need subsidies for 54,260 million pesos ($590.68 mn) to maintain the current services.