July 5, 2015
Results for: kicillof
  • 24/06/2015 | Argentina

    Kicillof: Rise in 'blue' dollar is a campaign

    Economy minister Axel Kicillof has hit out against an alleged campaign "to instil fear in people's minds" as the reason behind heavy increases in the parallel 'blue' dollar, while assuring that the government would be able to pay Boden 2015 bonds.

  • 26/05/2015 | Argentina

    'If there is one thing Argentina does not need, it is austerity'

    Buenos Aires governor and presidential candidate Daniel Scioli has highlighted his differences with Mauricio Macri, while assuring that if he succeeded Cristina Fernández de Kirchner he would do so on a platform of production and investment.

  • 07/06/2015 | Argentina

    'The vultures want to make us fall into a trap'

    Economy minister Axel Kicillof has claimed that holdout investors attempted to lure the government into a "trap" with judge Thomas Griesa's order to pay holders of unrestructured debt, to leave the country liable for other creditors who this week appeared to demand payment from the nation.

  • 29/04/2015 | Argentina

    Kicillof denies dumping 'vulture funds' conflict on next gov't

    Following his speech to the United Nations today, Economy minister Axel Kicillof rejected the notion that the President Cristina Fernández de Kirchner administration's aim was to leave the ongoing conflict with holdout investors for another government to resolve.

  • 04/05/2015 | Argentina

    Economy Minister announces income tax cut for salaries between 15,000 - 25,000 pesos

    Economy Minister Axel Kicillof came on stage today to speak out about the controversial income tax, which opposition leaders and unions claim to be excessive to workers and amid pressure to raise its floor from 15,000 to 22,000 pesos.

  • 21/04/2015 | Argentina

    'Vultures try to frighten people from working with Argentina'

    Economy minister Axel Kicillof celebrated the raising of 1.42 billion dollars through the auction of Bonar 24 bonds, while launching a stinging attack on NML Capital whom he accused of trying to 'extort' investors.

  • 28/04/2015 | Argentina

    Kicillof to speak in New York against vulture funds

    The Economy minister will leave for the US city, where he will continue Argentina's unstinting stance against the holdout investors in international forums in an address to the United Nations.

  • 17/04/2015 | Argentina

    Kicillof: 'Establishment economists have never been right in 12 years'

    Economy Minister Axel Kicillof has harshly questioned Argentine “establishment” economists for “continuously” making wrong predictions. The Economy Minister aimed particularly at economists Miguel Broda, Carlos Melconian and José Espert.

  • 20/04/2015 | Argentina

    Kicillof: BONAR 24 bonds aim to raise US$500m

    Economy minister Axel Kicillof has announced that Bonar 24 bonds will tomorrow be put up for sale, with the government aiming to raise up to 500 million dollars in funds that have been earmarked for the construction of social housing.

  • 06/04/2015 | Argentina

    CFK meets with government officials in Olivos

    President Cristina Fernández de Kirchner began the week in her official residence in Olivos, where she met with government officials ahead of a rally planned for tomorrow at Government House.

  • 07/04/2015 | Argentina

    'Appeal Court's decision confirms Griesa ruling has no practical effects'

    The Economy Ministry has played down the significance of the ruling passed by the US Second Circuit Court of Appeals rejecting Argentina's petition against a contempt judgement, stating that the decision only confirms that judge Thomas Griesa's original judgement was meaningless in practice.

  • 08/04/2015 | Argentina

    Vulture fund lobbyists slam 'business unfriendly' Argentina

    The American Task Force Argentina, a lobby group set up by holdout investors, has strongly criticised the country's attitude to business following the inspection and sanctions handed down to Citibank.

  • 29/03/2015 | Argentina

    Gov't defiant ahead of strike: Income tax floor is fine as it is

    Economy minister Axel Kicillof has defended the current income tax floor, suggesting that unions preparing to strike on Tuesday are motivated more by political considerations than by genuine grievances.

  • 30/03/2015 | Argentina

    Government, transport representatives meet to guarantee service during strike

    Hours before anti-government union leaders stage a general strike to demand changes in the income tax floor, Cabinet Chief Aníbal Fernández and Economy Minister Axel Kicillof, met with representatives of the Transport Chamber.

  • 30/03/2015 | Argentina

    Kicillof considers strike a 'solidarity' gesture towards those who earn more

    Economy Minister Axel Kicillof reiterated that the income tax impacts on 10 percent of workers, specifically on those who earn more than 15,000 pesos per month, turning the strike into a “solidarity” gesture towards that segment.

  • 26/03/2015 | Argentina

    Kicillof blasts 'income tax fetish'

    “From all the salaried employees, this tax reaches only 11 percent of them,” Kicillof said in statements to media pointing out the “income tax concept” must be defended as it aims at the “highest salaries.”

  • 15/02/2015 | Argentina

    'Nisman's economic argument is nonsense'

    Economy Minister Axel Kicillof described Alberto Nisman’s claim that President Cristina Fernández de Kirchner covered up Iran’s involvement in the AMIA Jewish centre bombing as “an inexplicable nonsense.”

  • 06/01/2015 | Argentina

    Cristina meets Kicillof in Olivos

  • 14/12/2014 | Argentina

    Kicillof pleased with debt swap results

  • 08/12/2014 | Argentina

    UIA's Méndez says Economy Minister post 'still too big for Kicillof'

    The head of the Argentine Industrial Union, Héctor Méndez referred today to Economy Minister Axel Kicillof in statements to a radio station.

  • 12/12/2014 | Argentina

    Most 2015 bondholders reject cash-out

  • 04/12/2014 | Argentina

    Gov’t announces early Boden 2015 payment

    Economy Minister Axel Kicillof announced that between December 10 and 12, the government will offer early payment of Boden 2015 bonds, which matures next October. The official said the decision seeks to tackle “speculative, propaganda maneouvres” by vulture funds against Argentina.

  • 30/11/2014 | Argentina

    Dissident CTA vows mobilizations this month

    The dissident CTA umbrella union has vowed to mobilize between December 10 and 20 if it doesn’t receive a favourable response to its requests for an end-of -year bonus, an increase in the income tax floor and a jump in pensions.

  • 16/11/2014 | Argentina

    Debt restructuring included in G20 communique

    The official communiqué of the G20 summit released at the end of the bloc’s meeting in Brisbane, Australia, included a paragraph on sovereign debt restructuring process, as requested by Argentina. Economy Minister Axel Kicillof and Foreign Minister Héctor Timerman celebrated it and described it as ‘historic’.

  • 17/11/2014 | Argentina

    CFK praises 'anti-vulture' message in G20 summit

    President Cristina Fernández de Kirchner reappeared on social network Twitter, where the head of state wrote a series of messages highlighting the importance of the inclusion in G20 final statement of a passage reflecting Argentina's fight against holdout investors.

  • 18/11/2014 | Argentina

    ‘Employment is the government’s obsession’

    Economy Minister Axel Kicillof said that “employment is the government’s main obsession,” after the INDEC statistics bureau reported that unemployment rate climbed to 7.5% in the third quarter of the year.

  • 04/11/2014 | Argentina

    Gov’t announces economic assistance for flood victims

    In a press conference for the Economy Ministry, Cabinet Chief Jorge Capitanich, Economy Minister Axel Kicillof and ANSES pension funds head, Diego Bossio unveiled a series of subsidies today aimed for people who were damaged by this weekend’s floods.

  • 06/11/2014 | Argentina

    Kicillof: ‘After all the trouble with dollars, here you have them’

    Accompanied by Cabinet Chief Jorge Capitanich and Transport Minister Florencio Randazzo, Economy Minister Axel Kicillof inaugurated new formations of the Mitre railway line, during an official act in the district of Victoria, Buenos Aires province.

  • 15/11/2014 | Argentina

    “V” for Kicillof

    Economy Minister Axel Kicillof gestured with the “V sign” during the official photograph of the G20 summit held in Australia.

  • 03/11/2014 | Argentina

    Kicillof opens door to vulture funds dialogue after RUFO clause expires

    Economy Minister Axel Kicillof seems to have confirmed that the government is planning to wait until the expiration of the RUFO (Rights-Upon-Future-Offers) clause on December 31st in order to resume negoatiations with holdout bondholders, although a Ministry statement later on insisted that there had been no change in their stance against the 'vulture funds'.

  • 04/11/2014 | Argentina

    After Kicillof's debt comments, Capitanich says Argentina’s stance 'remains the same'

    After Economy Minister Axel Kicillof hinted a possible deal with holdout bondholders, Cabinet Chief Jorge Capitanich stressed that the government’s stance in the ongoing legal dispute with the so called vulture funds has not changed.

  • 04/11/2014 | Argentina

    Kicillof rejects rumours of vulture funds negotiations as ‘pure lies’

    Economy Minister Axel Kicillof condemned “media operations” regarding alleged government plans to resume talks with vulture funds based on his remarks from an interview with a Mexican newspaper yesterday.

  • 27/10/2014 | Argentina

    Kicillof appoints right-hand man as CNV vicepresident

    The government has appointed economist David René Jacoby as vicepresident of securities regulator CNV. He will be the second-in-command of CNV president Cristian Girard.

  • 29/10/2014 | Argentina

    Kicillof, De Vido make announcements

    Economy Minister Axel Kicillof, Planning Minister Julio De Vido and the Communications Secretary Norberto Berner, are scheduled to address reporters at 11 am, the Economy Ministry informed this morning.

  • 29/10/2014 | Argentina

    Gov’t submits digital communications bill to Congress

    Federal Planning Minister Julio De Vido announced that the Executive will send to Congress today a bill for “the development and regulation of information technologies and communications.”

  • 12/10/2014 | Argentina

    ‘Argentina is not precluded from international credit, it has decided not to take it’

    Economy Minister Axel Kicillof has assured that the government is not seeking international financing despite current economic problems. “Argentina is not precluded from international credit, but it has decided not to take it,’ he stated.

  • 24/10/2014 | Argentina

    Kicillof calls IDEA forum ‘a 90’s nostalgic meeting’

    Economy Minister Axel Kicillof reacted today against the criticism displayed by local businessmen, during the IDEA panel celebrated in Mar del Plata, Buenos Aires province.

  • 26/10/2014 | Argentina

    ‘Devaluation is not the solution’

    The head of Argentine Industrial Union (UIA) Héctor Méndez said that he is in no way asking for a devaluation of the peso as a solution for the country’s industry and aimed at Economy Minister Axel Kicillof for lower sales levels.

  • 07/10/2014 | Argentina

    Kicillof meets G6 businessmen, Rural Society absent

    Economy Minister Axel Kicillof has received representatives of the so-called G6 group, which gathers some of the principal businessmen of the country, as part of his round of talks with local manufacturers.

  • 08/10/2014 | Argentina

    Economy officials announce 4.3% hike in price watch program

    Domestic Trade Secretary Augusto Costa has announced the extension of the price watch program, and revealed there will be a 4.3 percent rise in prices involved in the plan for the fourth trimester 2014.

  • 09/10/2014 | Argentina

    Kicillof repeats call for more 'vulture' controls

    Economy minister Axel Kicillof has thanked members of the G24 economic group for their support in Argentina's conflict in the New York courts with holdout investors, and reiterated the need for further controls against so-called 'vulture funds'.

  • 17/09/2014 | Argentina

    Kicillof: No economic reason why dollar should be at 15 pesos

    Economy minister Axel Kicillof has questioned the record rise of the parallel 'blue' dollar, suggesting that those behind the unofficial currency were looking to spread panic in the Argentine economy.

  • 22/09/2014 | Argentina

    'Citibank has no gun pointed to its head, but Argentine law'

    Economy Minister Axel Kicillof responded to Citibank’s lawyer Karen Wagner comments that the bank had “a gun to its head” which would “probably go off” if the US Judiciary did not allow payment of funds blocked by US Judge Thomas Griesa. “The Citibank has no gun to its head, but the Argentine law,” Kicillof stated.

  • 02/10/2014 | Argentina

    New head of Argentine Central Bank Vanoli meets CFK, Kicillof

    In his first activity since his designation as the new chief of the Argentine Central Bank, Alejandro Vanoli met President Cristina Fernández de Kirchner and Economy Minister Axel Kicillof in Olivos.

  • 15/09/2014 | Argentina

    2015 Budget foresees 2.8% growth, 15.6% inflation, dollar worth 9.45 pesos

    The government also forecast export incomes worth 82.42 billion dollars for the coming year, compared to 73.22 billion dollars in imports which would set Argentina's trade surplus at US$9.2bn.

  • 15/09/2014 | Argentina

    Gov't aims for 0.5% growth by year end

    Economy minister Axel Kicillof revealed that the government was hopeful of recording a slight growth in the economy by the end of 2014, after a recession-hit year so far.

  • 16/09/2014 | Argentina

    Lower House committees approve Anti-Hoarding law for voting

    A plenary of committees from the Lower House have approved a set of bills modifying the Anti-Hoarding law and other consumer protection legislation, which will be voted in the full chamber tomorrow.

  • 11/09/2014 | Argentina

    Kicillof presents credit card plan, blasts media for misleading consumers

    The Economy Minister has revealed a nationwide plan called "Now 12," aimed at fueling consumption with new interest-free credit card instalments in an attempt to reactivate sales at time of economic deceleration.

  • 11/09/2014 | Argentina

    CFK signs Sovereign Debt bill: We can pay, we want to pay, we will pay

    President Cristina Fernández de Kirchner has passed into law the Sovereign Debt bill, which changes the payment location of Argentine bondholders and was approved by Congress earlier this morning.

  • 14/09/2014 | Argentina

    Kicillof praises Máximo K. political rally speech

    Economy Minister Axel Kicillof said La Cámpora organization rally last Saturday was “spectacular” and praised the remarks made by the son of President Cristina Fernández de Kirchner, Máximo Kirchner. “It was a politically clarifying speech,” he said about Máximo’s first public address.

  • 02/09/2014 | Argentina

    Kicillof, De Vido meet Chinese authorities and businessmen

    Economy Minister Axel Kicillof and Planning Minister Julio De Vido continued their official trip to China, aimed at gathering funding for public works including two dams and one nuclear power plant.

  • 03/09/2014 | Argentina

    Argentina and China sign nuclear cooperation deal for Atucha III

    In the second day of meetings with local authorities and businessmen in Beijing, the Argentine delegation signed a bilateral agreement to impulse the building of Atucha III power plant using Chinese investment funds.

  • 09/09/2014 | Argentina

    Lower House committee clears debt restructuring bill for debate

    Lower House committees have approved the Sovereign Payment bill for debate tomorrow, after hearing government official’s defense of the project that seeks to open a new debt swap with local “Nación Fideicomisos” as trustee.

  • 27/08/2014 | Argentina

    Senate committees approve debt swap bill

    The proposed law to declare as of public interest the 2005 and 2010 debt restructurings and sovereign payments has obtained approval from a plenary of Senate committees, and will be debated before the Upper House on September 3.

  • 28/08/2014 | Argentina

    Opposition leaders, gov’t officials, businessmen gather at Council of Americas conference

    The Council of Americas 11° conference in Buenos Aires City gathered government officials, opposition leaders with presidential ambitions and businessmen at the exclusive Alvear Palace Hotel to discuss the country’s political and economic situation.

  • 28/08/2014 | Argentina

    Kicillof heads to Brazil for talks on automotive industry

    Economy minister Axel Kicillof left Buenos Aires today to travel to Brazil, where he will meet with fellow ministers from the country to discuss the current situation of bilateral trade and the automotive industry.

  • 08/08/2014 | Argentina

    ‘Griesa didn’t solve anything, just added confusion today’

    Economy Minister Axel Kicillof has said the hearing held by New York district judge Thomas Griesa over the Argentine case against holdouts did not solve “anything” and “just added confusion”.

  • 26/08/2014 | Argentina

    Gov’t officials to brief lawmakers on swap bill

    Cabinet Chief Jorge Capitanich defended once again the Executive’s bill to be discussed in Congress this week that seeks to open a new debt swap with local Nación Fideicomisos as trustee, and announced that Economy Minister Axel Kicillof, Treasury Attorney Angelina Abbona and Legal and Technical Secretary Carlos Zanini will brief lawmakers tomorrow on the details of the “Sovereign Payment” bill.

  • 27/08/2014 | Argentina

    Kicillof urges Congress not to become 'judge Griesa’s clerk office'

    Economy Minister Axel Kicillof spoke before the Budget and Foreign Affairs Committees of the Senate as a new round of talks began over a bill that if approved would allow for the voluntary payment of the country’s creditors in Buenos Aires.

  • 31/07/2014 | Argentina

    Kicillof: 'If banks want to pay with their own money, the government won't resist it'

    Economy Minister Axel Kicillof today insisted Argentina will not pay “vulture funds” or “anyone who buys their bonds” a higher amount than the negotiated in the 2005 and 2010 debt swaps, saying the latter would also trigger the RUFO clause.

  • 06/08/2014 | Argentina

    Economy Minister warns against 'local vultures'

    Economy Minister Axel Kicillof said that the government is “closely monitoring” business leaders to make sure they “do not take advantage of the vulture funds dispute”.

  • 07/08/2014 | Argentina

    ‘To say that there is no investment because of vultures is a lie’

    The economy minister reiterated his criticism against industrial leaders for "using" Argentina’s dispute with vulture funds as an “excuse” for not investing. He said that the “government is an ally” of those who invest.

  • 28/07/2014 | Argentina

    First payment made to Paris Club creditors

    The Economy Ministry today revealed that Argentina had completed a payment of 642 million dollars to the group of creditor nations that form the Paris Club, a sum representing the first installment due on the debt owed by the country.

  • 30/07/2014 | Argentina

    Pollack: 'Default is not a mere technical condition but rather a painful event that will hurt real people'

    Daniel Pollack, the mediator appointed by judge Thomas Griesa to oversee negotiations between the Argentine government and holdout investors, today confirmed that talks were unsuccessful between the two parties and that Argentina had fallen into default.

  • 30/07/2014 | Argentina

    YPF stocks plummet during Kicillof conference

    New York futures stocks in petroleum company YPF dropped 3.6 percent during Economy minister Axel Kicillof's press conference this evening, as the politician announced that there was no agreement with holdout investors in order to avoid default.

  • 08/07/2014 | Argentina

    CFK criticises 'vulture fund' behaviour through Twitter

    President Cristina Fernández de Kirchner used social media network Twitter today in order to criticise the conduct of holdout investors in their ongoing lawsuit against the Argentine government, while reiterating that the nation was committed to paying its debts.

  • 08/07/2014 | Argentina

    Kicillof responds to holdout critics: They have never lent to Argentina

    The Economy minister has responded to criticisms directed at him and the Argentine government by Elliott Management portfolio manager Jay Newman, reminding the representative of the holdout investors that they have never lent a cent to the nation.

  • 11/07/2014 | Argentina

    No resolution reached between Argentine officials, debt holdouts

    Argentine officials and holdout investors met separately with the court-appointed mediator for five hours today, presenting their cases in hopes of resolving a default dispute that has dragged on for over 12 years.

  • 03/07/2014 | Argentina

    Kicillof confirms Pollack meeting without holdouts

    Economy minister Axel Kicillof has confirmed that Argentina would enter talks with mediator Daniel Pollack over the legal battle currently raging between the nation and holdout investors known as 'vulture funds', while clarifying that those hedge funds would not be present.

  • 04/07/2014 | Argentina

    Government announces 4% hike in Price Watch programme products

    Economy Minister Axel Kicillof and Domestic Trade Secretary Augusto Costa announced an average price hike of 4% in products that are part of the government-fueled Price Watch programme, as of next Monday.

  • 07/07/2014 | Argentina

    Kicillof requests 'stay' reinstatement during Pollack meeting

    Economy Minister Axel Kicillof today held a meeting that lasted almost four hours with the Special Master appointed by US Judge Thomas Griesa, Daniel Pollack, and requested that an injunction allowing Argentina to pay bondholders be reinstated while negotiations with holdouts developed.

  • 26/06/2014 | Argentina

    'Argentina pays,' President CFK tweets

    Following the announcement made earlier by Economy Minister Axel Kicillof who informed the government had paid more than a billion dollars to exchange bondholders today, Preisdent Cristina Fernandez de Kirchner used her Twitter account to say "Argentina pays."

  • 02/07/2014 | Argentina

    'Vulture funds' request meeting tomorrow with minister Kicillof

    The NML Capital hedge fund is ready to meet and negotiate directly with Economy Minister Axel Kicillof and is willing to do so this week, according to an executive of the 'vulture fund' involved in legal wranglings with the government over defaulted debt.

  • 03/07/2014 | Argentina

    OAS meeting: Kicillof calls for 'urgent solutions' against vulture funds actions

    Economy Minister Axel Kicillof today requested urgent solutions to aid Argentina's debt restructuring process in the middle of litigation against the nations by vulture funds, at a special meeting called by the Organisation of American States (OAS).

  • 25/06/2014 | Argentina

    Kicillof to 'raise awareness' on anti-debt restructuring rulings at United Nations

    Cabinet Chief Jorge Capitanich referred to the economy minister's presentation at the G77 and China meeting in New York today, saying Argentina will seek to “raise awareness” about the impact of legal decisions in debt restructuring processes.

  • 25/06/2014 | Argentina

    Kicillof addresses UN: 'Argentina wants to pay, but they won't let us'

    Argentina's Economy Minister Axel Kicillof was adressing the United Nations today over the nation's "vulture funds" dispute. "We want to pay but they won't let us," he said in reference to US courts' rulings.

  • 25/06/2014 | Argentina

    Kicillof asks for ‘equal conditions’ in negotiations with vulture funds in UN meeting

    Economy Minister, Axel Kicillof addressed today before a United Nations panel in New York, and explained the consequences of Judge Thomas Griesa ruling, while warning the country “could face a technical default” next Monday, if the sentence remains firm.

  • 18/06/2014 | Argentina

    Congress backs government’s strategy, Capitanich says

    After meeting with Congress party chiefs to discuss the government’s strategy regarding the country’s debt with houldout hedge funds, Cabinet Chief Jorge Capitanich said “the Congress, through its different blocs, has backed Argentina’s stance in defense of national interests.”

  • 23/06/2014 | Argentina

    Gov’t asks Griesa for a stay on debt ruling

    Economy Minister Axel Kicillof briefed the press on the content of Argentina’s formal presentation to Judge Griesa today. “We are asking judge Griesa for a suspension of his ruling in order to start a dialogue in fair, equitable and legal conditions, without breaking our commitments with bondholders who joined the debt restructuring,” the Minister said.

  • 24/06/2014 | Argentina

    Gov’t awaits Judge Griesa’s decision on stay request

    The government awaits Judge Griesa's decision after it requested him to issue a stay on the ruling that orders Argentina to pay all bondholders at the same time, Cabinet Chief Jorge Capitanich has said.

  • 11/06/2014 | Argentina

    Argentina, Brazil gov'ts seek automotive deal

    Economy minister Axel Kicillof and minister of Industry Débora Giorgi today met with Brazilian Industry minister Mauro Borges in order to establish a new trade agreement in the automotive sector between Brazil and Argentina.

  • 13/06/2014 | Argentina

    May’s inflation clocks in at 1.4%, Kicillof announces

    The price index elaborated by the INDEC statistics bureau revealed an inflation rate of 1.4 percent for May, Economy Minister Axel Kicillof revealed during a press conference held at the Ministry of Economy, in BA City.

  • 17/06/2014 | Argentina

    Government plans to reopen debt swap after US Supreme Court setback

    Economy Minister Axel Kicillof has announced that the government plans to reopen the debt swap program in the hope of renegotiating bonds under Argentine jurisdiction, after the US Supreme Court declined to take Argentina's case against the 'vulture funds'.

  • 05/06/2014 | Argentina

    Kicillof: 'It is consumption that gets the wheels turning'

    Economy Minister Axel Kicillof and ANSES chief Diego Bossio held a press conference to provide the details of a bill the government has submitted to Congress, involving a new moratorium of pensions.

  • 10/06/2014 | Argentina

    Kicillof: 'Vulture funds are trying to carry out attack against Argentina'

    Economy Minister Axel Kicillof has lent his support to a group of Argentine legislators currently in the United States ahead of June 12's US Supreme Court decision on whether to take the case concerning holdout investors, while launching a fierce attack on the conduct of the so-called 'Vulture Funds'.

  • 11/06/2014 | Argentina

    Argentina, Brazil gov'ts seal automotive deal

    Argentina and Brazil signed a deal for automotive trade between the two nations, which will be valid until July 2015 and aims to revive the sector which has seen heavy falls in activity since the beginning of this year.

  • 28/05/2014 | Argentina

    Kicillof kicks off Paris Club negotiations

    Economy Minister Axel Kicillof today met with members of the Paris Club group of creditors in a marathon summit, in which the restructuring of Argentine debt was discussed.

  • 29/05/2014 | Argentina

    'The agreement was made without IMF's involvement'

    Cabinet Chief Jorge Capitanich pointed out that the agreement reached with Paris Club was made without any active involvement from the International Monetary Fund (IMF). He stressed that this is the first time that the Fund “was not part of the conditionalities in the negotiation process” and said it will not monitor the agreement’s compliance either.

  • 02/06/2014 | Argentina

    Minister Kicillof praises Paris Club deal, criticizes 'malicious media'

    Economy Minister Axel Kicillof today affirmed the agreement Argentina reached with the Paris Club group of creditors “does not compromise the future or the present of the country.”

  • 21/05/2014 | Argentina

    Gov't reveals tax payment plan for businesses

    Economy minister Axel Kicillof and head of the Federal Public Incomes Administration (AFIP), Ricardo Echegaray, have announced the unveiling of a new series of payment plans for taxpayers with debts outstanding up to March 31.

  • 26/05/2014 | Argentina

    Kicillof: Paris Club talks have moved forward

    The economy minister has assured that progress has been made with creditors in the Paris Club as the politician flies to France in preparation for talks with the financial institution over restructuring Argentina's debt.

  • 28/05/2014 | Argentina

    Capitanich: 'We seek the best possible agreement with Paris Club'

    Cabinet Chief Jorge Capitanich referred to Economy Minister Axel Kicillof's meeting in Paris with Argentina’s Paris Club creditors. “The negotiation is complex,” Capitanich said and stressed that the government seeks “the best possible agreement”.

  • 15/05/2014 | Argentina

    Kicillof on family allowances: ‘We need to distribute to grow’

    In a joint press conference with ANSES executive director Diego Bossio, Economy Minister Axel Kicillof discussed the Presidential announcement on a 40% increase in child welfare benefits and pointed out the importance “to distribute in order to grow".

  • 16/05/2014 | Argentina

    Kicillof, Giorgi meet with automotive executives

    Industry Minister Débora Giorgi and Economy Minister Axel Kicillof held a meeting today with representatives of the automotive sector to analyze the situation of the sector such as the drop in exports, mainly to the Brazilian market.

  • 19/05/2014 | Argentina

    'There is prejudice against the poor'

    Economy Minister Axel Kicillof addressed the effects of the recently announced 40%  increase in child welfare benefits (AUH) in the country’s economy and stressed the existence of “prejudice against the poor” among the programme's critics.

  • 11/05/2014 | Argentina

    Kicillof plays down effect of inflation on prices

    Economy Minister Axel Kicillof has affirmed that the movement of prices is a complex phenomenon, which cannot be fully explained solely by blaming the effects of inflation.

  • 13/05/2014 | Argentina

    Gov't opens tenders for 4G service in Argentina

    Economy Minister Axel Kicillof and Federal Planning chief Julio de Vido have announced the opening for tenders to install two new bands for 4G mobile telephones, which will allow for an improvement in the service in Argentina.

  • 14/05/2014 | Argentina

    INDEC reveals April inflation at 1.8%

    The National Statistics and Census Institute has estimated that inflation for the month of April continued its downward trend since the start of 2014, reaching 1.8 percent according to figures gathered using the agency's Consumer Price Index.

  • 28/04/2014 | Argentina

    Kicillof, Giorgi to talk auto deficit with Brazil

    Economy Minister Axel Kicillof and Industry Minister Débora Giorgi will jet off to Brasilia tomorrow in a bid to swing the automobile trade balance in Argentina’s favour.

  • 28/04/2014 | Argentina

    Industrial leaders tell Kicillof of inflation 'concern'

    Representatives of the Argentine Industrial Union (UIA) today met with Economy Minister Axel Kicillof, telling the national government figure of their concerns over the nation's inflation rate as they shared a lunch.

  • 29/04/2014 | Argentina

    Rattazzi: Situation in car industry, 'not so serious’

    Fiat Argentina’s president Cristiano Rattazi denied the automobile industry was facing a "serious situation" but highlighted the need to “seek new markets” to reverse car manufacturing downward trends.

  • 20/04/2014 | Argentina

    The IMF plays hard to get

    By James Neilson
    It’s not difficult to comprehend why the critics see so many things wrong with Argentina right now. For instance Axel Kicillof, the Economy minister, announced that March’s inflation rate clocked in at 2.6 percent, according to the new nationwide consumer price index as measured by the INDEC’s statistics bureau.

  • 23/04/2014 | Argentina

    INDEC postpones release of poverty figures

    The National Statistics and Census Institute (INDEC) has postponed the release of figures from the so-called House Poll, which includes strategic information regarding poverty and indigence rates, officials from that entity confirmed this afternoon.

  • 26/04/2014 | Argentina

    Kicillof denies poverty rate hike

    Economy Minister Axel Kicillof today said poverty levels have “surely lowered” in Argentina during kirchnerite administrations due to consistent GDP growth and the creation of “6 million jobs.”

  • 14/04/2014 | Argentina

    Economy Minister confirms international support for Argentina in vulture funds case

    By Liliana Franco
    Economy Minister Axel Kicillof returned from Washington satisfied. In the past three days he was able to confirm the genuine concern of numerous countries and even the International Monetary Fund (IMF) regarding an adverse ruling in the vulture funds case against Argentina.

  • 15/04/2014 | Argentina

    INDEC announces March inflation at 2.6 percent

    The National Statistics and Census Institute (INDEC) has revealed that inflation figures for the month of March totalled 2.6 percent, as announced by Economy Minister Axel Kicillof in a press conference held today.

  • 20/04/2014 | Argentina

    Running out the clock

    By Martín Gambarotta
    If Axel Kicillof really is the dyed-in-the-wool Marxist some of his admirers and many of his detractors say he is, meeting all those IMF people may have been a distasteful experience for him.

  • 10/04/2014 | Argentina

    World Bank requests 'macroeconomic adjustment' for Argentina

    World Bank chief economist for South America, Agusto de La Torre, considered today Argentina must implement a “macroeconomic adjustment” in order to face future obstacles in its local economy.

  • 14/04/2014 | Argentina

    Kicillof to brief the press on US trip, IMF meeting outcome

    Cabinet Chief Jorge Capitanic, announced today that Economy Minister Axel Kicillof will be briefing the press with the results from his trip to the US, where he attended the IMF Finance Ministers and Central Bank Governors meeting.

  • 14/04/2014 | Argentina

    Kicillof: 'We have no agreements with the IMF'

    Briefing the press on the results from his trip to the US, Economy Minister Axel Kicillof today tried to play down his recent attendance to G20/ IMF annual meetings held in Washington, saying the country is a regular attendant, and added: “We have no agreements with the IMF because it’s not and Argentine creditor.”

  • 17/03/2014 | Argentina

    Kicillof denies link between devaluation and price rises as February inflation revealed at 3.4%

    Economy Minister Axel Kicillof has announced that inflation for the month of February reached a total of 3.4 percent, while criticising industrial sectors that took advantage of the peso's weakening to hike prices..

  • 27/03/2014 | Argentina

    Gov't announces new subsidy scheme

    Economy Minister Axel Kicillof and Planning Minister Julio De Vido have announced changes in the gas and water subsidies scheme, involving "not the end of subsidies but a redistribution” of resources that aims at "strengthening" the government’s “economic growth with social inclusion” model.

  • 07/04/2014 | Argentina

    Kicillof announces extension of 'pricewatch' scheme, new products

    Economy minister Axel Kicillof has revealed the second phase of the anti-inflationary scheme known as 'Pricewatch', while assuring that the project which aims to control prices of food and basic household items has so far been a "success".

  • 26/02/2014 | Argentina

    Kicillof defends Repsol deal after opposition criticism

    Economy Minister Alex Kicillof has answered opposition critics of the agreement to pay Repsol for the 51 percent of YPF shares expropriated in 2012, asserting that the amount set by the accord was an appropriate settlement with the Spanish corporation.

  • 09/03/2014 | Argentina

    Kicillof says exchange market is ‘fairly stabilized’

    Economy Minister Axel Kicillof considered the exchange market “is fairly stabilized,” thanks to the new strategy adopted by the Central Bank, and questioned opposition members and economists for “trying to seed fear,” about an "economical disaster.”

  • 13/03/2014 | Argentina

    Kicillof : No winners or losers in YPF-Repsol deal

    Economy Minister Axel Kicillof has assured that the compensatory agreement reached with Repsol was "friendly”, and asserted there were "no winners nor losers" in negotiations over the nationalisation of YPF.

  • 14/02/2014 | Argentina

    Gov’t fines supermarkets up to 1.6 M pesos

    In a press conference held at the Ministry of Economy, Domestic Trade secretary, Augusto Costa revealed the fines on local supermarkets which refused to apply the Precios Cuidados price-control program.

  • 24/02/2014 | Argentina

    Kicillof reveals medicine price 'rollback'

    Economy Minister Axel Kicillof has announced an accord with laboratories to roll back the prices of selected medications to the levels recorded on December 31 while granting permission for a four percent raise in costs.

  • 25/02/2014 | Argentina

    Kicillof: 'Repsol accord meets Hydrocarbon Sovereignty Law'

    Economy Minister Axel Kicillof announced Repsol's acceptance of a compensation package from the Argentine government following the expropriation of YPF in 2012, stating that the deal represents a positive conclusion to the legal wranglings.

  • 05/02/2014 | Argentina

    Gov’t authorizes 6% limit for petrol rises

    Economy Minister Axel Kicillof has announced an agreement with petroleum companies to raise fuel prices no higher than 6 percent, in a press conference held this afternoon.

  • 06/02/2014 | Argentina

    CFK meets with Kicillof, Capitanich at Olivos

    President Cristina Fernández de Krichner today held two different meetings at Olivos residence with Cabinet Chief Jorge Capitanich, Economy Minister Axel Kicillof and the Presidency’s Secretary-General Oscar Parrilli.

  • 26/01/2014 | Argentina

    Kicillof promises 'explicit rules' for dollar purchases

    Economy Minister Axel Kicillof has shed further light on the new measures introduced for the acquisition of dollars for personal savings, which will be allowed once a month and rated according to the buyer's income.

  • 26/01/2014 | Argentina

    Out of the blue

    By Martín Gambarotta
    On Friday Capitanich, flanked by Economy Minister Axel Kicillof, made the biggest announcement since the two new ministers were appointed in November. The strict currency exchange controls, Capitanich said, will be eased starting on Monday. Individuals will be allowed to purchase dollars at the official rate once more, he added.

  • 29/01/2014 | Argentina

    Kicillof announces deal to roll back consumer prices

    Economy Minister Axel Kicillof announced that the government has reached a deal with different companies to rollback the prices of products to levels recorded prior to January 21, when the peso suffered its strongest devaluation since 2002.

  • 21/01/2014 | Argentina

    Kicillof to brief CFK on Paris Club meeting

    Economy Minister Axel Kicillof was given no time to rest after arriving in Argentina from a meeting with the Paris Club, immediately travelling to Olivos to talk with President Cristina Fernández de Kirchner.

  • 24/01/2014 | Argentina

    'Change in dollar restrictions will affect reserves' - Kicillof

    Economy Minister Axel Kicillof said that the opening up of the exchange market could have repercussions on international reserves, while condemning what he called a "strong speculative attack."

  • 07/01/2014 | Argentina

    Kicillof denies changes in wealth tax

    Economy Minister Axel Kicillof today denied any changes in the way the Federal Government calculates the personal wealth tax.

  • 20/01/2014 | Argentina

    Capitanich: Paris Club agreement must respect national interests

    Chief of Cabinet Jorge Capitanich has assured that any negotiations held with the influential Paris Club will have to comply with what the politician dubbed Argentina's "national interest and capacity to pay."

  • 20/01/2014 | Argentina

    Kicillof outlines Argentine debt offer to Paris Club

    An Argentine delegation has outlined its conditions for repaying debt to the Paris Club, a senior official at the group of creditor nations said, as Buenos Aires seeks to revive long-stalled talks.

  • 20/12/2013 | Argentina

    Kicillof asks businessmen for 'responsibility'

    After the government and supermarket chambers signed a deal to keep prices unchanged for one year starting January 1, Economy Minister Axel Kicillof announced a “system of permanent monitoring” will be created, to report price variations.

  • 22/12/2013 | Argentina

    December: short on power, long on ghosts

    By Mempo Giardinelli
    Writing often seems to boil down to the art of connecting apparently unconnected facts which nevertheless make sense when interwoven — not always innocently. A common enough experience, at least in politics.

  • 23/12/2013 | Argentina

    Gov't, businessmen, unions met to boost investments, curb informal employment

    Cabinet Chief Jorge Capitanich and Economy Minister Axel Kicillof were attending this morning a meeting with businessmen and union leaders to discuss several pending topics such as wage talks, investments and economic goals for next year.

  • 05/12/2013 | Argentina

    Minister: Argentina to ease restrictions on Brazilian imports

    Argentina will from next week open the doors for Brazilian imports held up on the border between the two nations, including footwear and motor vehicles, according to Brazilian Minister of Development, Industry and Foreign Trade Fernando Pimentel.

  • 13/12/2013 | Argentina

    Economy Minister praises YPF role in energy sector recovery

    Economy Minister Axel Kicillof today praised the role of YPF oil giant in the recovery of the energy sector and urged other companies to maintain and increase their investments for Argentina to become self-sufficient in energy production.

  • 20/12/2013 | Argentina

    Government, business chambers strike price deal

    In a new attempt to restrain the inertial inflation the country has been undergoing, the government today reached a price deal with different business chambers to keep prices unchanged for one year.

  • 26/11/2013 | Argentina

    Kicillof defends Repsol agreement: 'Turning point' for YPF

    Economy Minister Axel Kicillof has defended yesterday's landmark agreement with Repsol to compensate the Spanish corporation, stating that if the pact was confirmed it could prove to be a "turning point" for state-owned petroleum company YPF.

  • 01/12/2013 | Argentina

    A week in Argentina with everything in place

    By Mempo Giardinelli
    An intense, hyperactive and surprising week has just come to an end in this republic. As the president came out of mourning and while Chaco Governor Jorge Capitanich was at pains to show that he is a different kind of Cabinet chief, the political atmosphere seemed to clear with the approval rapidly showered on the brand-new official

  • 02/12/2013 | Argentina

    Kicillof, De Vido to make economic announcements

    Economy Minister Axel Kicillof and Planning Minister Julio De Vido were expected to make economic announcements today at noon, according to Government House sources.

  • 24/11/2013 | Argentina

    The Capitanich of the ship

    By Martín Gambarotta
    It’s a fact: doctors have told President Cristina Fernández de Kirchner, who underwent head surgery on October 8 to drain a hematoma, to avoid stress. But what about the rest of you? How are you lot coping with the stress of living in Argentina?

  • 24/11/2013 | Argentina

    Cristina’s last stand

    By James Neilson
    Cristina’s economic “model” is a contraption worthy of Heath Robinson, the English cartoonist who preceded his US counterpart Rube Goldberg.

  • 24/11/2013 | Argentina

    Capitanich: 'There is no precedent for what has been achieved'

    New Chief of Cabinet Jorge Capitanich has defended his record as governor of the province of Chaco, stating that his time at the region's helm coincided with deep drops in poverty levels and improvements in living standards.

  • 20/11/2013 | Argentina

    CFK swears in new cabinet figures in Government House

    President Cristina Fernández de Kirchner today returned to the Government House for the first time since retaking executive powers, as new members of the national cabinet were sworn in by the head of state.

  • 20/11/2013 | Argentina

    Cristina arrives at Government House

  • 22/11/2013 | Argentina

    New economic team assembled by Kicillof unveiled

    The government published the appointments of Augusto Costa as the new Domestic Trade Secretary, Emmanuel Álvarez Agis as Secretary of Economic Policy and Pablo López as Finance Secretary, the latter to replace Adrián Cosentino.

  • 15/08/2013 | Argentina

    Kicillof defends economic model and blames opposition for 'going back to orthodoxy'

    The deputy Economy Minister Axel Kicillof blamed the opposition for “going back to orthodoxy” and its leaders for being “lost prophets, born in puddles of mud”.

  • 02/10/2013 | Argentina

    Kicillof praises whitewash programme

    Speaking to lawmakers in the Senate, Economy Deputy Minister Axel Kicillof revealed he and the Central Bank chief Mercedes Marcó del Pont, convinced President Cristina Fernández de Kirchner to extend the tax amnesty deadline, which was finally prolonged for three more months.

  • 18/11/2013 | Argentina

    Cristina switches her team: Capitanich cabinet chief, Kicillof economy minister

    President Cristina Fernández de Kirchner has decided to make several changes to her cabinet of ministers following disappointing results for the Victory Front in October's legislative elections.

  • 25/04/2013 | Argentina

    Moreno, Kicillof attend Grupo Clarín board meeting

    With no previous notice and hoping to take part in the board meeting, Domestic Trade Secretary Guillermo Moreno and Deputy Economy Minister Axel Kicillof attended a shareholders' meeting at the Grupo Clarín building in the Barracas neighborhood.

  • 07/05/2013 | Argentina

    Kicillof to economists: Speculative attacks intent to generate devaluation

    Deputy Economy Minister Axel Kicillof warned: “Speculative attacks related to political acts” aim to generate devaluation. He referred to the Argentine history recalling that “consecutive devaluations caused the tendency to find a shelter in dollars.”

  • 09/05/2013 | Argentina

    ‘Government not thinking of devaluating’

    Deputy Economy Minister Axel Kicillof and Economy Minister Hernán Lorenzino backed the tax amnesty bill proposed by the national government and rejected all devaluation rumours, as they addressed a Senate joint committee.

  • 04/02/2013 | Argentina

    Minister Kicillof booed at ferry liner

    Deputy Economy Minister Axel Kicillof was booed by numerous passengers of a Buquebus ferry line boat as the official was returning from his summer house in Colonia del Sacramento in the neighboring country of Uruguay.

  • 05/02/2013 | Argentina

    Randazzo 'ashamed' of those who booed officials

    Interior and Transport Minister Florencio Randazzo said today to feel “ashamed” of those who booed both Vice President Amado Boudou and Deputy Economy Minister Axel Kicillof during the past weekend.

  • 10/02/2013 | Argentina

    Heckling incident was 'distressing,' Kicillof's wife

    Soledad Quereilhac, wife of deputy Economy Minister Axel Kicillof, said that the heckling incident they suffered aboard a ferry returning from Uruguay was very distressing and tainted "by some fascist unconscious."

  • 26/10/2012 | Argentina

    Kicillof urges private banks to increase mortgage loans

    Economy Deputy Minister Axel Kicillof blasted the private financial system for “not thinking of the people’s needs,” and urged the banks to “join the National Government’s decision” to boost the mortgage loan market.

  • 14/11/2012 | Argentina

    Lorenzino: 'We created subsidy register for the state to intervene intelligently'

    Economy Minister Hernán Lorenzino and Deputy Economy Minister Axel Kicillof spoke to reporters today over the launch of a register which will include public policies related to production incentives.

  • 28/11/2012 | Argentina

    Government will ask SC to declare fuel tax unconstitutional

    Economy Minister Hernán Lorenzino and Deputy Economy Minister Axel Kicillof rejected in a press conference this morning a fuel tax implemented in Córdoba province.

  • 07/09/2012 | Argentina

    President receives Gov't officials at Olivos

    President Cristina Fernández de Kirchner held her activites from the Olivos presidential residence, where she met with several government officials.

  • 20/09/2012 | Argentina

    Biodiesel export duties to start at 19.11%

    Biodiesel export duties will stand at 19.11 percent and will be updated every two weeks, Economy deputy minister Axel Kicillof announced.

  • 05/10/2012 | Argentina

    CFK meets with officials at Olivos

    President Cristina Fernández de Kirchner carried out her agenda at the Olivos Presidential residence, where she met several officials.

  • 28/06/2012 | Argentina

    CFK met with De Vido and Kicillof before heading to Mendoza

    President Cristina Fernández de Kirchner met today with Planning Minister Julio De Vido and the Deputy Minister of Economy before heading to Mendoza to take part in the Mercosur summit.

  • 01/08/2012 | Argentina

    De Vido, Kicillof to visit China, hope for energy cooperation agreements

    Federal Planning Minister Julio de Vido announced that several members of the Argentine Government would be flying to China in September in order to close several cooperation agreements between Chinese oil companies and YPF, intended to deepen the bilateral relations.

  • 10/08/2012 | Argentina

    Gov't rules out export duties hikes will be extended to other sectors

    Economy Minister Hernán Lorenzino and Viceminister Axel Kicillof today ruled out that the Government was evaluating extending export duties hikes to other sectors such as soy exports.

  • 12/06/2012 | Argentina

    Kicillof calls City's new mortgage loan programme 'irresponsible'

    Deputy Economy Minister Axel Kicillof strongly criticized City Hall’s recently launched mortgage financing programme, assuring that “if you provide people with a low interest rate but can’t create growth in the housing construction sector to go with it, you run the risk of creating a real estate bubble.”

  • 12/06/2012 | Argentina

    PRO praises new Gov't programme, blasts Kicillof over 'irresponsible' statements

    City Cabinet Chief Horacio Rodríguez Larreta praised the National Government's announcement to create a mortgage loans programme and compared it to one recently started by City Hall. However, he blasted Deputy Economy Minister Axel Kicillof for "failing to acknowledge the City's reality."

  • 13/06/2012 | Argentina

    Vidal regrets Nat'l Gov't approach to City mortgage plan

    Deputy City Mayor María Eugenia Vidal regretted today the National Government’s sharp critiques against the mortgage plans recently put through by the City Government, saying that they were being “devalued.”

  • 16/04/2012 | Argentina

    CFK orders YPF intervention, appoints De Vido as controller

    After announcing the draft bill that seeks to expropriate 51 percent of Repsol-YPF oil and gas company, President Cristina Fernández de Kirchner signed a decree ordering the intervention of the company, and appointing Planning Minister Julio De Vido, and Economy Deputy Minster Axel Kicillof as controllers.

  • 25/04/2012 | Argentina

    De Vido: 'Repsol's investment was insufficient, causing danger to the company'

    Planning Minister Julio De Vido and Deputy Economy Minister Axel Kicillof, who head the audit investigating investments made in the petrol company YPF -currently in the process of expropriation- denied today that Repsol had invested more than 20 billion dollars in the company since 1999, as the Spanish company had stated to the Argentine press.

  • 01/06/2012 | Argentina

    'We could prove the damage Repsol had caused to YPF'

    Planning Minister Julio De Vido and Economy Vice-Minister Axel Kicillof held today a press conference at the Economy Ministry to unveil the latest report about YPF's situation after the government’s takeover which, they announced, has concluded.

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