The Energy Secretariat announced that the amount destined to improve gas production would be u$s 580 million. Banco Nación has already transferred more than 36,400 million pesos ($384 million) to the account opened for this purpose. The funds come from the 25% that the extraordinary contribution to the great fortunes had foreseen for this purpose. The Energy Secretariat works together with YPF and IEASA.
Metallurgical activity grew 51.8% year-on-year in April due to the low comparison base, while the production level fell 4.4% compared to the previous month. The auto parts item mainly drove the decline in monthly terms. Thus, activity improved the levels recorded between the end of 2019 and the beginning of 2020.
The Government assured that the medical cannabis and industrial hemp industry "is a huge opportunity". As Ámbito had anticipated, the opportunity is to create 10,000 new jobs and generate around 550 million dollars in business and a chain of 200 types of variety of inputs in addition to its medicinal use.
Domestic vehicle production reached 34,953 units in May, an increase of 19.2% compared to April and 627.9% over the volume of May 2020. Automakers exported 19,919 vehicles, 25.7% compared to April and 517.3% compared to May of last year.
The Government agreed to a 20 per cent increase in the reference rate for motor freight transportation services of grains, oilseeds, related products, by-products and derivatives under national jurisdiction.
YPF Luz's Los Teros Wind Farm, located 45 kilometres from the town of Azul in Buenos Aires, added 52 megawatts and reached 175 megawatts of installed power, equivalent to the electricity needed to supply 215,000 homes. The wind farm has 45 wind turbines installed on a total surface of 3,610 hectares, can produce 838 GWh per year and required an investment of $235 million. This renewable, efficient and sustainable energy source will avoid the emission of more than 400,000 tons of carbon dioxide.
In the first five months of the year, the agro-export sector earned a little more than $13.3 billion. In addition, in May alone, revenues exceeded $3,500 billion, which translates into a year-on-year increase of 16.9%.
The 19 meatpacking plants that carried out fraudulent manoeuvres with meat exports will receive fines of close to $6 million.
The Government made official a 6% increase in gas tariffs as of June. In May, the freeze on electricity rates that had been in effect since December 2019 lifted, a 9% increase was authorized for the distributors Edenor and Edesur.
Due to inflation and tax pressure, 0 km vehicles will have, as of today, a price increase of between 3% and 14%. Source: Ámbito