Wednesday
October 22, 2014
Results for: lorenzino
  • 10/10/2013 | Argentina

    Gov't to pay 500 M to end ICSID disputes

    The government will offer to pay about 500 million dollars to five companies in compensation to resolve disputes filed at the World Bank's International Centre for Settlement of Investment Disputes (ICSID).

  • 29/10/2013 | Argentina

    Economy Minister Lorenzino injured after falling off his motorbike

    Economy Minister Hernán Lorenzino suffered minor injuries today when he fell off the motorbike he was riding along the Buenos Aires- La Plata highway. Lorenzino was immediately hospitalized at the Fundación Favaloro's University Hospital.

  • 04/12/2013 | Argentina

    Senate approves Fabrega for Central Bank; Luxury good tax postponed

    The Argentine Senate has approved by a comfortable margin the appointment of Juan Carlos Fábrega as head of the Central Bank. A proposal to introduce heavier taxation on luxury cars and other goods, however, was pushed back by the Upper House.

  • 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.

  • 20/05/2013 | Argentina

    Lorenzino: ''Blue' dollar makes me laugh'

    Economy Minister Hernán Lorenzino today played down the black market dollar transactions and revealed the so called "blue" dollar "makes me laugh."

  • 12/09/2013 | Argentina

    Gov't sees economic growth picking up 6.2% in 2014

    Argentina's economy is expected to grow 6.2 percent next year, well above the threshold for payment on the country's growth-linked debt and picking up from this year's forecast expansion, Economy Minister Hernan Lorenzino said today.

  • 20/03/2013 | Argentina

    CFK meets economy team after 'Blue' dollar skyrocketed 48 cents

    President Cristina Fernández de Kirchner met with Economy Minister Hernán Lorenzino and Central Bank Governor Mercedes Marcó del Pont at Olivos presidential residence to analyse the economic situation of the country after her arrival from Rome. Sources said they spoke about the rocketing "blue" dollar, but it was not the main part of the encounter.

  • 14/04/2013 | Argentina

    Lorenzino to attend IMF annual meeting

    Economy Minister Hernán Lorenzino will be travelling this coming week to the United States to participate in the IMF and World Bank Annual Assembly.

  • 30/04/2013 | Argentina

    CFK on Lorenzino: 'See? He doesn't want to go'

    While attending a ceremony at the Bicentenary Hall in the Government House, President Cristina Fernández de Kirchner joked about the recent media scandal involving Economy Minister Hernán Lorenzino and while smiling and pointing at him said: “See? He doesn’t want to go.”

  • 15/12/2012 | Argentina

    Lorenzino: 'Vultures won't pass!!!'

    "Vultures, not with the frigate, not with the debt!," Economy Minister Hernán Lorenzino said vía his Twitter account after being notified about the favourable sentence of the UN’s International Tribunal for the Law of the Sea over the Libertad frigate.

  • 04/02/2013 | Argentina

    Lorenzino bashes IMF 'economical recipes'

    Economy Minister Hernán Lorenzino bashed the International Monetary Fund (IMF) by assuring that “its recipes include unemployment, higher taxes and level of international indebtedness.”

  • 21/02/2013 | Argentina

    BA Province asks national government to accelerate financial aid

    Buenos Aires Province Economy Minister Silvina Batakis came on stage an replied Economy Minister Hernán Lorenzino’s earlier comments, when the latter criticized the provincial administration for issuing debt.

  • 30/11/2012 | Argentina

    'The CNV has a key role in capital market regulation'

    Economy Minister Hernán Lorenzino today referred to the capital market reform law approved in the Congress which grants the National Securities Commission (CNV) extra faculties.

  • 04/12/2012 | Argentina

    Primary surplus reaches $660.4 M in October

    The primary surplus has reached $660.4 million pesos in October, 48 percent higher than the volume registered during the same month in 2011, Economy Minister Hernán Lorenzino reported.

  • 13/12/2012 | Argentina

    'We don't need int'l lenders,' Lorenzino announces bond payment

    Economy Minister Hernán Lorenzino announced Argentina will be making payments for more than $3.5 billion dollars in GDP-linked bonds, during a press conference at the Economy Ministry.

  • 27/11/2012 | Argentina

    Government leaves open door for new debt swap

    After the appeal filed by Argentina in a New York’s court, Economy Minister Hernán Lorenzino didn't rule out a possible third debt exchange for bondholders who did not enter the two previous ones “if required by the Justice of the US, but only if it contemplates a similar offer to that made in 2010."

  • 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.

  • 28/11/2012 | Argentina

    'Re-opening of debt swap will depend on US Appeals Court's ruling'

    Economy Minister Hernán Lorenzino today expressed that “the government is awaiting the decision of the New York Court of Appeals” in the case held against Argentina over ‘vulture fund’ payments by New York Judge Thomas Griesa.

  • 18/11/2012 | Argentina

    'Argentina not going into default,' says Lorenzino

    Economy Minister Hernán Lorenzino said that "the only possibility" contemplated on regards Argentina's debt is "to meet all payments” of creditors that entered debt swaps after the 2001 default and said the country "cannot and will not enter in default."

  • 20/11/2012 | Argentina

    ‘Vulture funds seek to mount a default stage,’ Lorenzino

    Economy Minister Hernán Lorenzino said today that claims set by international "vulture" funds against Argentina have the only intention of mounting fear and raise doubts about the country’s ability to repay debt."

  • 22/11/2012 | Argentina

    Argentina says Judge Griesa's ruling 'unfair,' to request revision on Monday

    Economy Minister Hernán Lorenzino assured during a press conference that "paying off the vulture funds is illegal," and said that the ruling by US District Judge Thomas Griesa against Argentina is "unfair." The minister also warned that Griesa's ruling might affect the international financial system, and the country as well.

  • 05/11/2012 | Argentina

    'Argentina to fight US court ruling on debt,' Lorenzino says

    Argentina will use all legal means to defend its position against a US court ruling that would force the country to repay creditors who sued to collect on defaulted Argentine bonds, Economy Minister Hernan Lorenzino said.

  • 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.

  • 16/11/2012 | Argentina

    Lorenzino praises France's banking reform

    Economy Minister Hernán Lorenzino came on stage today to refer to France's banking reform which will ban high-frequency trading (HFT).

  • 31/10/2012 | Argentina

    'Attacks will not stop Argentina from keeping its promises,' Lorenzino

    Economy minister Hernán Lorenzino assured today that “the attacks on risk qualifiers and the vulture funds are not going to stop Argentina from keeping its promises,” referring to the payment of large debts the country owes.

  • 03/11/2012 | Argentina

    Economy Minister protest against 'vulture funds' in Mexico

    Economy Minister Hernán Lorenzino and Central Bank Governor Mercedes Marcó del Pont lead the Argentine delegation in the technical G20 meeting in Mexico, where they insisted on the government’s criticisms against vulture funds and credit rating agencies.

  • 04/11/2012 | Argentina

    'G20 must set limits to vulture funds'

    Economy Minister Hernán Lorenzino called for developed countries to set limits to vulture funds credit rating agencies as promoters of the global crisis,” as he takes part of the G20 Finance Ministers meeting in Mexico.

  • 16/10/2012 | Argentina

    Lorenzino confirms debt payment, blasts Moody's

    Economy Minister Hernán Lorenzino ratified tomorrow’s down payment of the “Bonar X” dollar-bond for US$200 millions, and blasted credit rating agencies which along with speculators “set terrorist reports in order to make some profit out of it.”

  • 23/10/2012 | Argentina

    'Nowhere in the world are stock markets left to control themselves,' Lorenzino

    Economy Minister Hernán Lorenzino defended the new bill calling for larger government intervention in the capital market by assuring that “nowhere in the world markets control and sanction themselves.”

  • 30/10/2012 | Argentina

    'We will never pay the vulture funds,' Economy minister says

    Economy minister Hernán Lorenzino assured today that the government “will never pay” the ‘vulture funds,’ although also affirmed that it will continue to pay “93 percent of the credit owed."

  • 03/10/2012 | Argentina

    Gov't announces 'compensation' for Coast Guard officers

    Cabinet Chief Juan Manuel Abal Medina announced in a press conference this morning that “a compensation will be given” to Border and retired Coast Guard officers amid their wage dispute after "payment irregularities" were discovered.

  • 08/10/2012 | Argentina

    Cosentino heads Argentine envoy at IMF, World Bank assembly

    Finance secretary Adrián Cosentino will head the Argentine envoy that will participate at the IMF and World Bank annual assembly to be held at Japan.

  • 08/10/2012 | Argentina

    Lorenzino blasts credit rating agencies

    Economy Minister Hernán Lorenzino questioned the "credit rating agencies' behaviour" and the tendentious use of their analysis to develop "self fulfilling prophecies."

  • 10/09/2012 | Argentina

    Lorenzino compares De la Sota to an 'overlord' after failed conciliation meeting

    After a failed meeting for conciliation before the Supreme Court, Economy Minister Hernán Lorenzino assured on Monday that the “problems” being faced by the Córdoba administration “are not related” to the National Government and compared the province’s governor José Manuel de la Sota to an “overlord.”

  • 14/09/2012 | Argentina

    CFK meets with Randazzo and Lorenzino in Olivos

    President Cristina Fernández de Kirchner resumed her agenda at the presidential residence in Olivos today, and met with Interior and Transport Minister Florencio Randazzo and Economy Minister Hernán Lorenzino.

  • 20/09/2012 | Argentina

    'Debt does not put the solidity of our macroeconomy at risk,' Lorenzino

    Economy Minister Hernán Lorenzino presented today the 2013 Budget to the Lower House of Congress, detailing the government's continuation of the strengthening of the domestic market and welfare investment.

  • 08/08/2012 | Argentina

    Ciccone's intervention aimed to 'recover sovereignty', Lorenzino says

    Economy Minister Hernán Lorenzino assured today that the government’s main reason for having taken over the South American Values Company (CVS) money printer company, formerly known as Ciccone Calcográfica, was to “recover the sate’s sovereignty by being capable of supplying the Central Bank with currency, as well recovering the printers.”

  • 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.

  • 23/08/2012 | Argentina

    'Argentina offers unseen profitability rates,' Economy Minister

    Economy Minister Hernán Lorenzino, stated today that Argentina “offers unseen profitability rates in its recent economic history”, despite predictions of risk.

  • 25/04/2012 | Argentina

    Lorenzino highlights Repsol wrong statistics' damage to economy

    Economy Minister Hernán Lorenzino commented today on the wrong data published by Spanish company Repsol regarding petrol and gas production since YPF was taken over, and highlighted today the damage it makes on the economy. Lorenzino stated that “between 1998 and 2011 YPF experienced a 54 percent drop in petrol production and a 97 percent fall in gas production.”

  • 28/06/2012 | Argentina

    Gov't sends financial aid to BA province, calls for 'responsibility'

    Economy Minister Hernán Lorenzino confirmed on Thursday afternoon that the National Government will assist the Buenos Aires province with AR$1 billion in financial aid, destined to paying the salaries and bonuses of provincial government employees.

  • 20/07/2012 | Argentina

    Lorenzino: 'Blue dollar doesn't have a direct impact on economy’

    During an interview to a local radio today, Economy Minister Hernán Lorenzino assured that the dollar traded at the black market does not have a direct impact on the country’s economy.

  • 18/04/2012 | Argentina

    'The IMF constantly underestimates Argentine growth,' Lorenzino

    Hours before heading over to Washington DC to attend the World Bank and IMF’s Spring Assembly, Economy Minister Hernán Lorenzino assured that “in the current environment of financial turmoil, Argentina remains one of the region’s most important engines of economic growth sustained by the emerging economies.”

  • 20/04/2012 | Argentina

    Lorenzino: Europe ‘should learn from Argentina’s example’

    Economy Minister Hernán Lorenzino said today that Europe ‘should learn from Argentina’s example.’ The official was participating in the International Monetary Fund and World Bank Annual Meeting in Washington DC and made the remarks during an interview with a local radio station yesterday morning.

  • 21/04/2012 | Argentina

    Argentina criticizes IMF adjustment plan to break away from crisis

    By Carlos Burgueño
    Argentina criticized again the economic adjustment plan made by the IMF (International Monetary Fund) in order to break away from the world economic crisis.

  • 13/03/2012 | Argentina

    After heated discussion, Senate clears subway draft bill for debate

    The draft bill ordering City Hall to honour its agreement with the National Government and accept the transfer of the subway management, as well as 33 bus lines and the Puerto Madero tram, was approved by three committees after a very heated debate and will be voted on the Senate floor on March 21st.

  • 21/03/2012 | Argentina

    Lorenzino urges Brazilian, Argentine industrials to 'drop their cocktails and get to work'

    Economy Minister Hernán Lorenzino said the recent statements made regarding an alleged decrease in Brazilian imports are “groundless” and asked industry leaders from both countries “to drop the cocktails, get to work and find a way to promote bilateral trade instead and lobbying in front of the press.”

  • 12/04/2012 | Argentina

    'We need our oil to be extracted,' Lorenzino

    Economy Minister Hernán Lorenzino said that, as rumours of a possible nationalization of the YPF oil company continue to rise, the oil lying underground “needs to be extracted.”

  • 07/02/2012 | Argentina

    Brufau meets with Lorenzino, De Vido over YPF tension

    Repsol head Antonio Brufau held a secret meeting with Economy Minister Hernán Lorenzino and Planning Minister Julio De Vido, ambito.com confirmed. The Spanish businessman returns to his country tomorrow and isn't expected to meet with President Cristina Fernández de Kirchner.

  • 22/02/2012 | Argentina

    Fiscal surplus reaches 622.4 M in January

    Economy Minister Hernán Lorenzino and Treasury Secretary Juan Carlos Pezoa anticipated that the fiscal surplus totalled $622.4 million pesos ($142.9 million dollars) in January against the positive result registered the same month in 2011, when it reached 2.105 billions.

  • 26/02/2012 | Argentina

    Lorenzino calls for G20 to focus on employment, social inclusion

    Economy Minister Hernán Lorenzino and Central Bank governor Mercedes Marcó del Pont took part in the G-20 meetings in Mexico and focused on the creation of employment and strengthening of the domestic market.

  • 19/12/2011 | Argentina

    Lorenzino does not foresee 'strangling of trade balance'

    Economy Minister Hernán Lorenzino said before Parliament today the government does not foresee a “strangling of the trade balance” for 2012, anticipating a positive result.

  • 24/01/2012 | Argentina

    Fiscal surplus reaches $4.9 billion pesos in 2011

    The fiscal surplus almost reached $5.000 billion pesos in 2011, when the country's economy grew 9.2 percent, according to the announcement made by Vice-President Amado Boudou in his last day as acting president.

  • 25/01/2012 | Argentina

    'Argentina will have a good year despite the global crisis,' Lorenzino

    Economy Minister Hernán Lorenzino, admitted today that the global economic crisis has had an impact on Argentina, but showed optimism in stating that even still, "we are going to have a good year, with growth and the creation of more jobs."

  • 22/12/2010 | Argentina

    Lorenzino: 'The swap offer is a gesture of good will to creditors'

    The government reopened a debt swap launched earlier this year, moving to mop up a remaining $6.1 billion in default and reduce lawsuits against the country.

  • 07/12/2011 | Argentina

    'Choosing Lorenzino shows policy continuity,' Rossi

    The head of Victory Front's bloc in the Lower House, Agustín Rossi, assessed today that the designation of Hernán Lorenzino as the new Economy Minster “shows that there is continuity in economic policies.”

  • 19/12/2011 | Argentina

    Budget: Fernández says 'no one can tell the President how to govern'

    Senator and former Cabinet Chief Aníbal Fernández blasted the opposition’s intention to modify the bill for the “law of laws” sent by the Executive branch and considered that “no one can tell the President (Cristina Fernández de Kirchner) how to govern.”

  • 02/02/2012 | Latin America

    Brazilian lobbyist said meeting with Lorenzino 'was very positive'

    Economy Minister Hernán Lorenzino met today with the head of the Sao Paulo Industrial Federation, Paulo Skaf, in order to discuss the government’s new import restrictions that went into effect since yesterday as concerns raise among businessmen in the neighboring country.

  • 23/03/2012 | Latin America

    Pimentel over import controls: 'Argentina is in trouble and we must help in a mature way'

    The Brazilian government is willing to debate and solve the problems generated by the recent import controls settled by Argentina. “We’ll help in a mature way,” Brazil’s Development, Industry and Foreign Trade Minister Fernando Pimentel stated. Rousseff’s official will discuss with Argentina this issue “within the next weeks.”

  • 21/02/2013 | Economy

    Lorenzino: ‘Issuing debt is dangerous’

    Economy Minister Hernán Lorenzino said that provinces that decide to issue debt in order to pay wages “are wandering down a dangerous road,” in reference to the financial situation of the BA Province, adding that “constant victimization is not appropriate.”


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