The Central Bank of Argentina (BCRA) suspended today the operations in the foreign exchange market of the cereal company Extrugreen S.A. for accumulating defaults in the liquidation of foreign currency in goods export operations for an amount of almost $70 million. Thus, the company will only access the Mercado Único y Libre de Cambios (MULC) to settle pending exports until it regularizes its situation.
The National Communications Agency (ENACOM) moved forward on Monday with a series of measures to expand and develop connectivity in several areas of our country. It will carry out the plan with an allocation of 329,009,656 pesos ($3.48 mn) from the Universal Service Trust Fund. The objective will be to guarantee access to quality networks.
The Energy Secretariat announced that the amount destined to improve gas production would be u$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.
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.
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
The National Treasury began to distribute the 145,000 million pesos ($1.53 bn) generated by the Solidarity and Extraordinary Contribution to face the health and economic emergencies imposed by the pandemic.
The Energy Secretariat authorized Liuco Energía, Geneia, MM Bioenergía and PAH EPEC Cruz del Eje to generate agents in the Wholesale Electricity Market (MEM).