The industry worked in July at 56.8% of its capacity

Installed capacity utilization during July was 56.8%, a lower level than in the same month in 2019 when it was 58.7%. The figures show that it is slowly recovering after the drop caused by the outbreak of the pandemic. The information provided yesterday by INDEC reveals the monthly evolution of the figures: June (53.3%), May (46.4%), April (42%) and March (51.6%). They have not yet reached the levels of February (59.5%).

Bioceres sales grew 46% during the second quarter

The Argentine biotechnology company Bioceres, which listed on the New York Stock Exchange, announced its financial results, reporting a 46% increase in sales of agricultural inputs during the second quarter of the year. At the same time, it reported a 17% increase in income during the last fiscal year, reaching $174.2 million.

Government creates a fund of $468.54 mn to assist the Province of Buenos Aires in salary increase to the police

President Alberto Fernandez, Governor Axel Kicillof, Vice Governor Veronica Magario and numerous mayors of the conurbation silently supported the presidential decision to take away a point of national co-participation from the City of Buenos Aires to address local needs. It is a figure in the order of 35 billion pesos a year ($468.54 mn) according to the specialists’ calculations.

Government seeks $1.11 billion to close the swap

The call to restructure debt under local legislation achieved acceptance of 98.8%, leaving some $460 million of titles without entering the same. The $460 million added to $653 million left out of the debt swap for securities issued under international legislation, and correspond to holders of Par bonds issued in the 2010 exchange and which are mostly held by small European bondholders. Adding both amounts, we arrive at the $1.11 billion that the government must seek if it wants to complete 100% of the debt, and get rid of any eventual legal problems both inside and outside the country.