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.
Argentina completed its accession to the Asian Infrastructure Investment Bank (AIIB), becoming the sixth Latin American country to accede to the organization created in 2014. The institution, led by China, aims to provide financing for infrastructure projects.
Compressed Natural Gas (CNG) prices for vehicles will increase 30% nationwide as of May 1. The final price will depend on the costs of each station. But it will be around 35 pesos ($0.37) per cubic meter.
Through Resolution 60/2021 published in the Official Gazette, the Ministry of Agriculture has added new requirements to the Regulation for Registration in the Registro Único de Operadores de la Cadena Agroindustrial (RUCA) in order to legally carry out trade. The measure covers exports of meat, grains and dairy products and is part of the government's efforts to tame inflation, which last month reached a peak of 4.8% for the year.
Argentina took delivery of a new shipment of Covid-19 vaccines welcoming 864,000 doses from the AstraZeneca laboratory as part of the World Health Organisation's COVAX scheme. The doses, which arrived on a flight from the Netherlands, come from the nine million vaccines acquired by Argentina through the Covax scheme. This is the second shipment, following on from some 218,000 doses received in March.
Argentina's government created a registry of beef exporters among other measures to curb under-invoicing, which authorities fear has been going on for a while now. The announcement was made by the Office of the Cabinet Chief (Santiago Cafiero). The goal is to improve the monitoring of beef exports and the supply to the domestic market, the government said in a statement.
In the second month of the year, import operations for $400 million authorized with commercial credit. According to official data, this measure allowed the Central Bank to have a cash balance of almost $2.5 billion in the first two months of the year.
Agricultural machinery sales recorded, in 2020, a turnover of 100.8 billion pesos ($1.10 bn), which represents an 80% increase compared to 2019. Argentine firms were benefited by the closure of the import of many implements or by the difficulties global companies encountered to make payments abroad during 2020 due to exchange restrictions.
One hundred ninety-three cities in our country established zero-carbon goals for the year 2050 out of a total of 800 worldwide. The data is from the new Renewables in Cities Global Status Report prepared by the influential international political network REN21. According to the technical report, they represent almost 25% of the cities that have set zero carbon goals globally.
The heavy tax burden on the different links of the economy is a recurring theme in the local economic agenda; in the case of wine, 43% of consumers' price corresponds to taxes.