The fire does not give truce in the province of Corrientes. A new and voracious fire devastated some 20,000 forested hectares and 30,000 hectares of the field in the north of the province.
Category: Public Policy
Information related to political affairs that have an impact on Argentina’s economic development.
Natalio Mario Grinman is the new president of the Argentine Chamber of Commerce and Services
Natalio Mario Grinman was head of the Cabinet of Advisors to the Undersecretary of Ports and Waterways of the Nation and advisor to the governor of the province of Entre Ríos on economic issues. In 1985 he joined the Argentine Chamber of Commerce and Services (CAC), and since 2016 he has been its secretary.
The government launched an auction for the Gas.Ar Plan for 70 million m3/d
Yesterday, the Government launched the call for the first auction of the Gas.Ar Plan, for 70 million cubic meters per day, for the next four years, and an additional volume for each of the winter periods from 2021 to 2024. The offers shall present on December 2nd, and December 15th they will award. Source: Ámbito
Government enables access to buy dollars from oil companies participating in the Gas Plan
The Board of Directors of the Central Bank of the Republic of Argentina (BCRA) decided that oil companies that registered in the Plan Gas 2020-2024 will have free access to the exchange market. They will be able to access foreign currency for the repatriation of investments, the income generated and maturity of capital and interest on financial debts for investments made as of November 16, 2020. Plan Gas is an initiative to produce 30 billion cubic meters of Argentine gas in four years; generating fiscal savings of $2.5 billion and foreign exchange savings of $9.2 billion.
North Patagonia created the 4.5% wind tax
The Deliberative Council of Puerto Madryn - North Patagonia created the wind tax. Since January, companies that have windmills will have to pay a municipal tax just for the mere fact that the blades move. The amount to be paid is about 4.5% of the invoicing.
Due to forest fires, high levels of air pollution recorded in Cordoba.
A study by the National Commission on Space Activities warned that the amount of nitrogen dioxide (NO2) in the air, one of the primary environmental pollutants related to forest fires, tripled in the last two months in some areas of the province of Córdoba.
José Martins, unanimously re-elected president of the Grain Stock
The meeting of the Grain Stock's Board of Directors held virtually and distributed the Executive. Mr José Carlos Martins was re-elected President. This year the President will be accompanied in the task by Mr Roberto B. Curcija, 1st Vice-President; Raúl C. Dente, 2nd Vice-President; Ricardo Forbes, Honorary Secretary; Horacio E. Botte, Treasurer; Rafael Aliaga, Assistant Secretary and Alfredo A. Paseyro, Protesor.
Argentina’s capital controls lead the oil and gas company Vista to roll over 60% of a $45 mln payment
Vista Oil & Gas, the fourth-largest oil producer in Argentina, plans to re!nance part of a $45 million loan payment due in January, as capital controls prevent it from making the payment on time. Vista will pay 40% in cash and refinance the remaining 60%.
New steps to improve capital markets, including a $750mn bond auction
Argentina launched a series of measures with the idea of improving the performance of capital markets. The Ministry of the Economy announced a three-day reduction - from five current (parking) - for all current periods of permanence of marketable securities and thus encourage the intermediation process to increase the liquidity of local instruments. It adds that next month it will hold a $750 million bond auction.
Argentina is changing its monetary policy instrument
Argentina is changing the way monetary policy conducts, uniting two different benchmark rates in an attempt to reduce the cost of eliminating excess liquidity in market weights. The Argentine Central Bank (BCRA) perceives that its real monetary policy rate is somewhere between its repo and Leliq rates, or about 33%. Economy Minister Martín Guzmán said the government is looking to bring the different rates closer so that there is only a referral rate, between 32% and 33%.
