October 24, 2014
CFK urges businesses to not raise prices after keeping subsidies
President Cristina Fernández de Kichner has lent her support to new subsidy policies announced today, and asked industrialists to refrain from rising prices during a national broadcast address from her residence in Olivos.
CFK appeared following an earlier announcement from ministers Axel Kicillof and Julio de Vido that subsidies on gas and water tariffs would be partially removed for private and commercial users, while industrial clients would be untouched.
“We have decided to not cut subsidies for the industrial sector in order to maintain their competitiveness”, the head of state proclaimed.
“This is for all [industries], the small ones, the medium ones and even the monopolies”, she explained, while adding that “We hope they will listen to our message”.
Fernández de Kirchner assured that her administration “will monitor” the reaction of the different sectors which have been benefited by the new subsidy scheme launched earlier this morning.
The president also used the broadcast to publicise a new line of credit for industrial parks, increasing from 600.000 to 3 million pesos.