Investments and Business

Accumulated annual inflation in Argentina in 2022 was 94.8 percent. Nevertheless, each item increases its average prices at different percentage points. The restaurants for example, they registered a rise of 108 percent. The motives used by the owners of the gastronomic establishments are: the fall in demand, the increase in the costs of inputs, rental prices and the increase in employee salaries, that corresponded with the agreements reached by the union agreements. The business for restaurants lies in the volume of customers and not in high prices. One problem at this time of year is that diners do not choose…

What was reported at a press conference. Read more

the company Edesur must compensate users who suffered power outages between December 1 and 20, in accordance with what was ordered by the National Electricity Regulatory Entity (ENRE) through Synthesized Resolution 131/2023 published this Tuesday in the Official Gazette. According to the resolution, the compensation corresponds when it determines that 70,000 or more users found themselves out of service for five consecutive days, criterion that was met in this case and that is considered as an "Extraordinary Affectation of the Provision of the Service". The ENRE data indicate that the peak of users affected in this period was between December…

The slowdown in economic expansion could exacerbate the challenges facing the world's workers, according to the International Labor Organization (ILO). Employment levels cancel just 1% this year, down from 2.3% in 2022, and “there will be no major improvements” in 2024, the Geneva-based organization said in a report on Monday. The ILO hopes that the global jobs deficit to continue to rise in 2023, from 41 million last year. Total unemployment will probably reach 208 millionwhat corresponds to a unemployment rate of 5.8%. 4 key facts about Monotributo Tech "For the foreseeable future, most countries will not achieve a recovery…

When you talk about currency gap refers to the actual difference between the official dollar, the MEP or cash with liqui (CCL). Taking advantage of the gap between the blue and the MEP was a practice that was carried out last week and it is estimated that this will continue, at the risk of being able to terminate at any time. Given the endless restrictions to access the dollar savingswhich was the exchange rate with which this popularly known practice was carried out, a new alternative arose due to the distance between the blue and the financial dollars that allows…

Diversity and Inclusion issues are gaining more and more relevance year after year in the world in general, and therefore also in the corporate world. Aware of this trend, from the AHK Argentina (Argentine-German Chamber of Industry and Commerce) we began to work hard on these issues and added them as a transversal axis of our work. Given our function as a meeting and exchange platform, in 2021 we created a Diversity Committee, made up of members of our social enterprises, as a kick-off to start conversations on these issues and to be able to stipulate a work agenda. During…

The rhythm that prices will have until March will define the 2023 inflationary game. And the economic team led by Sergio Massa follows minute by minute the movement of prices. To reach 60% annual inflation, as foreseen in the current Budget, the economic cabinet has to play very hard in the first three months of this year; especially in these thirty days and in February. The inflationary imprint of both will define the thermometer of wage claims. There are three variables that Massa's team cannot neglect for a moment: prices, parities and dollars. Fair prices. The recipe of the Secretary…

The Minister of Labor, Employment and Social Security, Kelly Olmos, handed over labor competency certificates to construction workers, at the facilities of a housing project under construction, by the construction company Criba, located in Azopardo and Belgrano Avenue, in CABA. "With this certification it is achieved that the worker from the beginning can fit into the collective agreement in accordance with these and, consequently, improve the income he receives from the beginning," said Olmos, while highlighting the joint work with the Ministry of Education, with which “it is important to ensure that skills are articulated with formal education, in order…

The peso continues to lose its value and the dollar is proof of this, because it ended the week with record values. The blue dollar was $369, the tourist dollar was up $329.93 and the CCL dollar (counted with settlement) closed $349.95. To a greater or lesser extent, these increases in foreign currency have an impact on the daily lives of Argentines. In this context of loss of purchasing power, Reprofile interviewed the President of the Federation of Grocers, fernando savore who said that, "from the 1st to the 15th of each month, the person you see going to work…