Economy

The announcement of the implementation of Fair Neighborhood Prices comes with shortages, since basic products such as sugar are not contemplated and others such as fresh milk will not be available in the interior of the country. Depending on the province in question, access to the more than one hundred products announced by the Government will be limited or available at a higher price in the interior. With the aim of promoting consumption in nearby businesses and lowering inflation, which private consultants forecast could have exceeded 9% in May, the Ministry of Commerce extended the Fair Prices program to local…

The president of the Industrial Union of Córdoba (UIC), Luis Macario, warned this Friday that this productive sector is reaching "a terminal situation" due to the lack of dollars. "There is a constant change in the rules of the game," Macario said in statements to El Doce. “Payments for capital goods are made in 365 days. That does not exist commercially," said the head of the local industrial entity. Yesterday the Central Bank issued a resolution that obliges the provinces to pay debt with their own dollars. Once the new restriction for access to the dollar market was known, the…

behind the 8.4% April, and while waiting for the publication of the Consumer Price Index by INDEC, different consultancies assure that inflation in May would not drop from the previous record and would even exceed 9%. Meanwhile, sources from the Palacio de Hacienda highlighted the decision to intervene in the markets to avoid a devaluation during the run in the last week of April, which could have caused a jump "uncontrolled" in the remarks. The survey of retail prices of the C&T consultancy for the GBA region presented a monthly rise 8.7%, surpassing the variation of April and May of…

The National Social Security Administration (ANSES) communicated the payment schedules for the month of June for all its beneficiaries. Accreditations will begin on Thursday, June 1. Payments from this body are intended for: retirees, pensioners, beneficiaries of Non-Contributory Pensions and holders of the Universal Child Allowance, Pregnancy Allowance, Family Allowances, Single Payment (Marriage, Birth and Adoption) and Unemployment Benefit. AFIP: what amounts it controls in consumption with cards In the case of assignments, retirement and pensionsits beneficiaries will receive a 20.92% increase planned for the month of June. Likewise, the retirees and pensioners with the minimum they will receive the…

He Central Bank of the Argentine Republic (BCRA) implemented a new increase in interest rates. The Nominal Annual Rate (TNA) has been adjusted to 97%, while the Effective Annual Rate (TEA) has remained up to 154%. This measure, similar to that adopted in April, is intended to attract investors and allow them to observe the new fixed-term rates. At the same time, seeks to alleviate the demand for dollars and absorb liquidity What puts pressure on inflation?. In the period from April 20 to the present date, the annual rates have undergone three increases in a row: first from 77%…

Twitter is now worth only a third of what Elon Musk paid for the social media platform, according to Fidelity, which recently reduced the value of his stake in the company. Musk, who has acknowledged overpaying for Twitter, offered employees new stock deals earlier this year that valued the company at $20 billion. It is not clear how Fidelity arrived at its new valuation or if it receives non-public information from the company. Elon Musk would visit China this week Fidelity first reduced the value of its Twitter stake in November, by 44% of the purchase price. This was followed…

The federal Reserve of the United States (FED) ratified that the bills of denomination "girl face", that is, those issued before nineteen ninety sixhave the same value as print editions after that year. the fedthrough its Currency Education Program (CEP), stated: "All Federal Reserve Note designs remain legal tender no matter the date of issue. In a statement on its Twitter account, the US entity acknowledged that in some countries, such as Argentina, There may be different exchange rates or acceptance policies. of foreign currencies, but stressed that these aspects are controlled by the markets and not by the government…

The Palacio de Hacienda raffled a new debt tender on Monday and obtained positive net financing for $295,843 million. The Treasury must face maturities for $477,867 million and ended up placing $773,710 millionwhich is equivalent to a rollover of 162% of debt. The Finance Secretary, Eduardo Setti, said through his Twitter account that Offers were received for more than $1 billion, being the highest net financing of the year. He also highlighted the large participation of private companies (70%). In this way, from the Palacio de Hacienda they assured that the monthly net financing was also the highest of the…

The National Social Security Administration (ANSES) is making the last payments corresponding to the month of May 2023. All payments have already been made to the beneficiaries of: Non-contributory pensions, Retirement with minimum income, Universal Child Allowance, Pregnancy Allowance, Prenatal and Maternity Allowance. Where is meat more expensive: in Argentina, Brazil, Chile or Uruguay? This week the last Unemployment Insurance payments will be made to the DNI completed between the numbers 6 and 9. At the same time, the last accreditations of Retirements and pensions that exceed a minimum amount of the documents completed between 4 and 9. They continue…