Buenos Aires Times

Buenos Aires Funds Gálvez Autodrome Upgrade in Bid to Bring Back Formula One

City authorities allocated an initial 150 million pesos to upgrade the historic Gálvez racing circuit as part of an effort to attract major international motorsport events and associated tourism spending.

Study Warns AI Could Hit Argentina's Highest-Paid Formal Jobs Hardest by 2030

A private-sector analysis found that wider adoption of advanced artificial intelligence could disproportionately disrupt well-paid white-collar employment in Buenos Aires by 2030, adding pressure to an already divided labor market.

Buenos Aires Province Bank Raises $74 Million Through Dual-Currency Bonds

Banco Provincia raised $74 million through market debt issuance, securing funding despite the tighter fiscal environment imposed by Argentina's federal austerity program.

Italian Business Delegation Explores Argentine Energy, Infrastructure and Technology Investments

Representatives from 90 Italian companies arrived in Buenos Aires to assess opportunities in energy, infrastructure, technology and manufacturing ahead of possible changes to Mercosur trade arrangements.

Argentine Senate Summons Central Bank Chief Over Location of Sovereign Gold Reserves

Opposition senators called Central Bank President Santiago Bausili to disclose the location and status of gold assets transferred to overseas financial institutions, intensifying scrutiny of the management of national reserves.

Chinese State Banks Join Financing for Major Argentine Infrastructure and Energy Projects

Chinese financial institutions confirmed participation in funding large Argentine development projects, maintaining Beijing's involvement in the country's energy and infrastructure sectors despite President Javier Milei's closer alignmen...

Argentina Holds Crawling Peg as Reserves Fall and Blue Dollar Reaches 1,550 Pesos

The central bank maintained its official exchange-rate policy despite a $322 million decline in reserves over five days, while the parallel-market dollar rose to 1,550 pesos and widened the gap with the official rate.

Argentina and Mercosur Open Talks to Expand Trade Agreement With India

Mercosur began negotiations in New Delhi to broaden tariff concessions with India from about 450 product categories to more than 3,000, potentially expanding market access for Argentine agricultural and industrial exports.

Argentine Household Loan Delinquency Reaches 18% as Real Wages Remain Under Pressure

Consumer and family loan defaults rose for a 21st consecutive month, with household delinquency reaching 18% as real wages struggled to absorb the impact of higher utility costs.

Argentina Loses 46,000 Formal Private-Sector Jobs in First Half of 2026

Official labor data showed 46,000 formal jobs were lost in construction and manufacturing during the first six months of 2026 as businesses adjusted to weaker domestic demand and the removal of state subsidies.

Argentina's August Inflation Slows to 1.7% as Consumer Demand Remains Weak

Monthly inflation eased to 1.7% in August, extending the government's disinflation trend, though weak retail activity and historically low meat consumption pointed to continued pressure on household purchasing power.

Argentina Approves More Than $13 Billion in New Vaca Muerta Investments

The Economy Ministry authorized investment plans worth more than $13 billion from Vista, Pampa Energía and Tecpetrol under Argentina's large-investment regime, accelerating drilling and infrastructure development in the Neuquén basin.

YPF Raises $1.2 Billion in Largest Argentine Corporate Bond Sale in More Than a Decade

YPF completed a $1.2 billion international bond issue, the country's largest corporate debt placement in more than a decade, as the state energy company raises capital for its Vaca Muerta expansion.

Argentina Draws More Than $21 Billion in Mining Commitments as Copper Overtakes Lithium

Argentina's large-investment incentive regime has attracted more than $21 billion in pending mining projects, with copper developments in the Andean provinces surpassing lithium as the leading source of new investment commitments.

Milei Submits 2027 Budget With Zero-Deficit Target Ahead of Election Year

President Javier Milei's government submitted its 2027 budget to Congress with a strict zero-deficit mandate, setting up a political test for its austerity program during the coming electoral year.

YPF Unveils $154 Billion Vaca Muerta Investment Plan

State-controlled energy company YPF outlined a decade-long investment program worth $154 billion to expand Vaca Muerta shale production, prioritize the Vaca Muerta Oil Sur pipeline and secure financing for the Argentina LNG export project.

Argentina’s Sovereign Risk Holds Near 500 Basis Points as Currency Gap Narrows

Argentine markets are showing cautious confidence in the government’s stabilization program, with sovereign risk near 500 basis points and parallel exchange rates moving closer to the official crawling peg despite continuing constraints ...

Argentina Audit Examines $8.6 Billion in Central Bank Gold Transfers

Argentina’s General Audit Office is investigating the location and transfer arrangements for about $8.6 billion in central bank gold assets, after the relocation of nearly two million ounces triggered demands from opposition lawmakers fo...

Argentina Manufacturing and Wages Weaken Despite Projected $25 Billion Trade Surplus

Industrial production fell more than 2% from a year earlier and registered salaries declined for a third consecutive month, even as energy and agricultural exports are projected to drive a trade surplus approaching $25 billion.

Argentina Considers ‘Super RIGI’ Incentives for AI, Data Centres and Semiconductors

Congress is advancing an expanded investment framework offering 30 years of tax, customs and foreign exchange stability for strategic projects worth at least $1 billion, targeting sectors including artificial intelligence, biotechnology ...

Argentina’s Dollar Purchases Slow as Domestic Economy Remains Under Pressure

Argentina’s central bank bought an average of just $12 million to $14 million a day in early September as liquid reserves held near $28 billion, while strong mining and agricultural exports contrasted with weak retail consumption and sta...

YPF Accelerates Vaca Muerta Investment and LNG Expansion Under RIGI Incentives

State-backed energy producer YPF is preparing major capital spending on hydrocarbon production, liquefied natural gas exports and pipeline infrastructure in Vaca Muerta under Argentina’s Large Investment Incentive Regime.

Argentina Files Criminal Charges Against Navitas Petroleum Over Falklands Oil Project

Argentina’s Foreign Ministry filed criminal charges against executives of Israel-listed Navitas Petroleum over its British-licensed Sea Lion project in the Falkland Islands, or Islas Malvinas, challenging an offshore development expected...

Milei Submits Argentina’s 2027 Budget as Growth and Inflation Outlooks Deteriorate

President Javier Milei presented the 2027 national budget to Congress while prioritizing negotiations with allied governors and lawmakers, as weaker growth expectations and higher inflation forecasts put pressure on the government’s fisc...

IMF Mission Heads to Argentina to Review Fiscal and Reserve Targets

International Monetary Fund technical staff are due in Buenos Aires to assess second-quarter fiscal performance and foreign exchange accumulation as Argentina seeks to sustain its financial program and manage approaching sovereign debt m...

YPF Opens First Privately Managed Premium Service Station in Argentina

YPF has launched its first YPF Black premium service station under fully private management as the energy company seeks to improve profitability and make greater use of its retail property network.

Buenos Aires Hosts Global Food Technology Summit to Boost Higher-Value Agricultural Exports

The Tecno Fidta 2026 exhibition has opened at La Rural, connecting international food technology and biotechnology companies with Argentine producers seeking to modernize processing and increase export value.

Mendoza Secures Full Royalties From Los Nihuiles Hydroelectric Complex

Mendoza will retain all revenue generated by the Los Nihuiles hydroelectric complex after the federal government repealed a 1973 revenue-sharing requirement, ending a long-running dispute with neighboring La Pampa.

Argentina Builds National Cybersecurity Early-Warning Center as Digital Threats Rise

The government has begun developing a centralized cyber-monitoring and rapid-response center after intelligence reports estimated more than 18 million sophisticated cyberattacks occur annually across the wider regional economy.

Digital Wallet Transfers Overtake Credit Cards in Argentine Retail Payments

Financial industry data show account-to-account digital transfers have surpassed credit cards for everyday purchases in Argentina, pushing banks to adapt their payment platforms to changing consumer habits.

Brazilian Digital Bank Inter Launches Consumer Operations in Argentina

Brazilian fintech Inter has begun direct consumer operations in Buenos Aires, offering Argentine retail investors simplified access to U.S. financial markets and dollar-denominated assets.

Vaca Muerta Output Pushes Argentina Into Top Five Global LPG Suppliers

Rising production from the Neuquén Basin has lifted Argentina into the top tier of global liquefied petroleum gas exporters, giving domestic producers greater access to international energy markets.

Argentina Lowers Offshore Oil Exploration Investment Threshold to $200 Million

The government has reduced the minimum investment required for offshore hydrocarbon projects to $200 million as it seeks to encourage deepwater exploration in the Argentine Sea.

Argentina Launches 55,000-Meter Copper Drilling Campaign in San Juan

International mining groups have begun a 55,000-meter exploration program in San Juan’s Vicuña district as Argentina accelerates development of copper resources for global energy and electric-vehicle supply chains.

Vaca Muerta Operators Advance $154 Million to Finance Neuquén Highway Expansion

A group of 13 energy companies has agreed to prepay more than $154 million to the Neuquén provincial government for highway works needed to support expanding oil and gas investment in Vaca Muerta.

Milei Administration Proposes 15% Corporate Tax Rate for Major AI and Semiconductor Projects

Argentina’s proposed Super RIGI framework would offer a 15% corporate income tax rate and indefinite tax-loss carryforwards for technology, biotechnology and digital infrastructure projects exceeding $1 billion.

Argentina Extends Large-Investment Incentives to July 2027 and Lowers Oil Project Thresholds

The government has extended applications for its Incentive Regime for Large Investments until July 2027 and reduced the minimum investment requirement for new onshore oil and gas projects to $600 million.

YPF Raises $1.2 Billion in Debt as Corporate Capital Flows Support Argentina’s Currency Market

YPF has completed a $1.2 billion debt issuance, leading an expected $4.4 billion wave of private financing that authorities expect to support Central Bank reserves and reduce exchange-rate volatility.

Argentina Forecasts $24 Billion in Energy and Mining Exports by 2027

Economic planners expect energy and mining export revenue to approach $24 billion by 2027 as Vaca Muerta infrastructure expands and lithium and copper projects advance under the country’s large-investment incentive regime.

Argentina’s Private Credit Contracts as Corporate Delinquency Rate Reaches 18%

Total private-sector credit fell 0.7% while the non-performing loan rate climbed to 18%, highlighting financial pressure on Argentine small and medium-sized businesses after an extended period of tight monetary policy.

Argentine Household Disposable Income Falls 31% Over Three Years Despite Lower Inflation

New economic indicators show real disposable household income has dropped 31% over three years, leaving consumers focused on essential purchases and promotions even as inflation has fallen sharply.

Argentina’s September Inflation Seen Rising to About 2.1% as Monetary Policy Stays Tight

Private consultancies expect monthly inflation to rise to around 2.1% in September from 1.7% in August, while restrictive monetary conditions continue to weigh on economic growth.

Argentina Forecasts Trade Surplus Above $25 Billion for 2026

The Economy Ministry expects Argentina’s 2026 trade surplus to exceed $25 billion, providing additional foreign currency for Central Bank reserve accumulation and the planned removal of remaining capital controls.

Argentina Cuts Public Spending by Equivalent of 14% of GDP Over Three Years

Private economic monitors estimate the Milei administration reduced government spending by the equivalent of 14% of GDP between 2024 and 2026, eliminating the fiscal deficit through cuts to provincial transfers, public-company subsidies ...