Argentina exports 128.8 million litres of Malbec wine to 119 countries in 2020

Argentina exports 128.8 million litres of Malbec wine to 119 countries in 2020Malbec is Argentina's flagship grape variety and, therefore, the most cultivated in the country. Its production increased 52% from 2010 to the present. Last year, 128.8 million litres were exported for all its categories, equivalent to $373.04 mn. Malbec accounted for 45.87% of total exports, and during 2020 119 countries received at least one shipment.

Sancor Seguros invested $2 million in an agrotech

Agree is an Argentine agrotech that seeks to streamline and empower the agri-food community. The Argentine company, founded in 2017, is dedicated to providing technology solutions to accelerate the digital transformation of agribusiness and received a $2 million contribution from Sancor Seguros as the closing of its Series A investment round.

The use of electronic money in all its variants grew by 9.1%

One year after the coronavirus pandemic outbreak, Argentines are already in the habit of using their money digitally through the multiple channel options made available by the financial system. The use of electronic money increased 43% in the number of transactions adjusted for inflation, while the use of all channels as a whole increased by 9.1% compared to a year earlier.

Construction improved 22.7% year-over-year

The recovery in construction continued at a steady pace in February, when it recorded its third consecutive increase of over 20% year-on-year. The Synthetic Indicator of Construction Activity (ISAC) increased 22.7% year-on-year, according to the INDEC, thus registering its fourth consecutive increase after twenty-six months of decline.