Investments and Business

In Argentina, the high incidence of poverty is a chronic problem. For decades it has not fallen below 25% of the total population and in critical episodes, such as the 2018 macroeconomic crisis or the strict confinement of the pandemic, it approaches half of the population. Currently, 4 out of 10 Argentines are poor. Poverty is associated with a multiplicity of factors. In order to simplify the diagnosis, it is important to distinguish temporary poverty from structural poverty. The group of short-term poor is made up of people who enter and leave this situation depending on the economic situation. On…

On Independence Day, the Government will inaugurate the President Néstor Kirchner gas pipeline in the Buenos Aires city of Salliqueló. According to official calculations, the work will save some US$2 billion in gas imports this year and another US$3.8 billion in 2024. The total cost of the work is estimated at US$ 1,850 million. To reach its final completion, the installation of two compression plants that are in progress must be completed, the cost of which will amount to approximately US$ 250 million, and other complementary works along the route of the existing gas pipelines. The new gas pipeline will…

Accustomed to the price update agreed with the Government of 4.5% per month Be applied near the middle of the month, users found that prices rose to zero today. The oil companies anticipated a week the increase of the 4.5% in their prices and who were the service stations were surprised. The naphtha values ​​were last updated on June 17. The new rise in gasoline was a Agreement between the Ministry of Energy and the oil companies. The previous increases They were always on the 15th of each month, but this time it was brought forward a few days. The…

Purchases in supermarkets through virtual channels grew 164% in the year, according to INDEC figures. Those that also increased were cyberattacks, and Argentina became the country in the region with the highest number of these crimes. With an average of 2,000 cases detected per day and a growing number of online purchases, the specialists provided PROFIL with tips to protect the security of transactions. Although it is still a smaller proportion of total supermarket sales, since it represents 2.8%, online purchases are growing. “This demonstrates not only a maturation of the ecosystem and that users are trusting more”, but also…

As unpleasant as layoffs or downsizing (RIF) can be for everyone involved, they are sometimes necessary for the future health and growth of a company. With the current economic climate—inflation, banking crisis, global conflicts, supply chain issues, you name it—many companies around the world have had to make that difficult decision. According to a survey conducted by SoftBank Vision Fund62% of CHROs report that they have reduced their workforce in the past year. During an RIF, the logistics and execution of layoffs, and all the difficult conversations that go along with them, tend (understandably) to dominate the focus of HR…

The explosion of the platform of the Mexican state oil company occurred in the Gulf Coast during the early hours of Friday. The company had already come under fire for its safety and environmental record. Read more

Inflation in Uruguay fell to 5.98% year-on-year, which represents its lowest level in 5 years and remains within the range of the official goal, as reported this Wednesday by the National Institute of Statistics (INE). The Consumer Price Index (CPI) fell 0.46% in June compared to Mayand registers an accumulated variation so far this year of 3.78%. The decrease in the CPI for June responds especially to the transport category (-1.60%) and food and non-alcoholic beverages (-0.31%), within which the drop in the prices of vegetables and legumes (- 8.38%) and that of fruits and nuts (-7.40%). Uruguay on alert…

He blue euro today Wednesday July 5th 2023 in the informal market trades at $530.00 for purchase and $536.00 for sale. The informal European currency opened lower in the third exchange wheel after a loss of $2. The so-called blue euro is the one that circulates in the parallel market, also called the "black" market. The value of the parallel currency is usually higher than the official one because it is acquired in banks and it has an established price. Central Bank debt with importers: a concern that stresses the exchange rate outlook How much does the official euro operate…

Tax collection increased by 109.2% year-on-year in June when reaching the $3,517,257.6 millionaccording to what was reported by the Federal Administration of Public Revenues (AFIP). However, she would have returned to grow below inflation of the same period, as occurred in the previous five months. According to the head of the Argentine Institute of Fiscal Analysis (IARAF), Nadin Arganarazduring the sixth month of 2023, the drop in resources collected in real terms -due to inflationary adjustment- was 3.7% compared to June 2022. Central Bank debt with importers: a concern that stresses the exchange rate outlook Tax collection: which taxes led…