July 30, 2015
Results for: economy minister
  • 05/05/2015 | Argentina

    Kicillof: Income tax cuts backdated to January

    Economy minister Axel Kicillof has announced that the reductions in income tax for those in the lowest brackets will be applied from the start of this year, meaning that savings for affected workers will be backdated to January 2015.

  • 30/07/2014 | Argentina

    Kicillof: 'We offer holdouts to enter swap under same conditions of 2005, 2010'

    Economy Minister Axel Kicillof said Argentina will not sign an agreement that “compromises the country’s future,” as he confirmed no deal with holdouts was reached after today’s meeting with court-appointed mediator Daniel Pollack over the so called “vulture funds” case.

  • 20/08/2014 | Argentina

    Kicillof warns 'no change of payment jurisdiction'

    The economy minister has briefed reporters on the bill submitted by President Kirchner to Congress yesterday that seeks to change Argentina’s payment "location." US Judge Thomas Griesa is holding bondholders “hostages” to push for a solution benefiting hedge funds, Axel Kicillof said.

  • 29/05/2014 | Argentina

    'Argentina closes sad chapter of indebtedness'

    The Economy Ministry has issued a statement praising the agreement reached with the Paris Club, considering it a “mutually beneficial” deal. The office run by Minister Axel Kicillof highlighted the “search for a solution has always been a goal of the government."

  • 12/06/2014 | Argentina

    Gov't 'expectant' about US Supreme Court decision

    Economy Minister Axel Kicillof said the federal government was “expectant” about a decision by the United States Supreme Court that could bring same relief to Argentina today if it favours the South American position in its billionaire dispute against vulture funds.

  • 17/06/2014 | Argentina

    Lavagna thinks gov't should 'negotiate' with NY judge Griesa

    Ex Economy Minister Roberto Lavagna called for “calm” and “seriousness” to rethink Argentina’s legal strategy following the setback the country suffered on Monday when the US Supreme Court decided not to hear its appeal against vulture funds.

  • 21/11/2013 | Argentina

    No 'brusque' economic changes to be expected, Kicillof

    In a show of rapprochement to media and society and a new communication style following the cabinet reshuffle announced on CFK’s return to office, newly appointed Economy Minister addressed reporters at the Casa Rosada presidential palace today.

  • 29/11/2013 | Argentina

    Gov't creates Debt Restructuring Unit

    The creation of the Debt Restructuring Unit to be headed by Hernán Lorenzino has been made official. With the signatures of President Cristina Fernández de Kirchner, Cabinet Chief Jorge Capitanich and new Economy Minister Axel Kicillof, the decision was published in the official bulletin today.

  • 29/03/2014 | Argentina

    Capitanich, Kicillof attend Brazil's BID summit

    Cabient Chief Jorge Capitanich and Economy Minister Axel Kicillof were taking part of the Inter-American Development Bank 55th Annual Assembly today. The officials were expected to meet BID president Luis Alberto Moreno to address Argentina’s financial credit line for this year, estimated in 1.4 billion dollars.

  • 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.

  • 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.

  • 19/11/2013 | Argentina

    Kicillof 'did not hesitate' to accept post

    Following yesterday’s confirmation about CFK’s cabinet shuffle, Axel Kicillof said he “did not hesitate” to accept the challenge of leading the Economy Ministry.

  • 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."

  • 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.

  • 27/12/2012 | Argentina

    Former economy minister sentenced to 4 years in jail

    Former Economy Minister Felisa Miceli was sentenced to 4 years in prison after being found guilty of hiding and destroying evidence after a bag full of cash was found in her office in 2007; an incident which ended with her resigning from office.

  • 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.

  • 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.

  • 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).

  • 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."

  • 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.

  • 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.

  • 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

    Economy Minister to give press conference

    Economy Minister Hernán Lorenzino is to give a press conference this afternoon. According to reports, matters to be discussed include funds to be paid by the Government to the Buenos Aires Province, in order for mid-year bonuses to be paid.

  • 15/08/2012 | Argentina

    'To take on debt abroad, Argentina should take precautions'

    Economy Minister Hernán Lorenzino assured today that before considering taking on debt abroad, Argentina should evaluate “by how much, at what cost and what for.”

  • 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.

  • 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.

  • 21/04/2012 | 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.

  • 28/10/2011 | Argentina

    Gov’t announces AFIP to validate currency purchase

    The AFIP revenue office will validate from Monday onwards the people or enterprises who purchase currencies at the exchange markets in order to control if they have the funds to do it and end with the irregular transactions, Economy Minister Amado Boudou announced.

  • 29/11/2011 | Argentina

    Boudou: ‘In 2012 we'll have autonomy in our decision-making process’

    Economy Minister and Vice-President elect Amado Boudou, anticipated that "next year the Argentine economy will generate a sufficient commercial balance, and will be able to count on the necessary currencies to maintain a certain amount of freedom in the decision-making process."

  • 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.”

  • 01/07/2011 | Argentina

    ‘Our macroeconomic variables are very good,’ Boudou says

    Economy Minister Amado Boudou rejected inflation criticism and assured that all of the macroeconomic variables of the country are “very good.” He also indicated that surplus and the accumulation of reserves “should maintain themselves with time.” The candidate to vice-president for the Victory Front bloc showed his “pride” to stand alongside President Cristina Fernández de Kirchner in her run for re-election.

  • 06/08/2011 | Argentina

    Boudou: 'we always have the same old crocks in front of us'

    Economy Minister and Victory Front’s candidate for Vice-President Amado Boudou headed a rally along with the candidates for the Buenos Aires City Lower House, and blasted the Alianza bloc and the ex Health Minister Graciela Ocaña.

  • 14/10/2011 | Argentina

    Boudou arrives in Paris to participate in G20 summit

    Economy Minister Amado Boudou, arrived to Paris to participate in a meeting between economy ministers and leaders of the Central Banks of the G20, to try to find solutions to the debt crisis which is currently affecting various European countries, threatening a world recession.

  • 05/04/2011 | Argentina

    Boudou says income tax floor hike creates 'a good impact' for workers

    Economy Minister Amado Boudou said today that the new minimum income tax floor increase on Earning Tax creates “a good impact” and underlined that 500 thousand Argentines would benefit not paying this tax, following the new law.

  • 11/05/2011 | Argentina

    CFK, Boudou meet in Olivos to define BA City mayoral candidate

    President Cristina Fernández de Kirchner and Economy Minister and Buenos Aires City Mayoral pre-candidate Amado Boudou met at Olivos presidential residence, and according to official sources, they discussed over the strategy to use in order to win the city election in July.

  • 23/06/2011 | Argentina

    Fiscal surplus reaches $3.14B

    Economy Minister Amado Boudou reported that the fiscal surplus grew 4.2 percent and totalled 3.140 billion pesos in May year-on-year, and that the financial result in the National Public Sector’s accounts reached 1.879 billion pesos.

  • 19/02/2011 | Argentina

    Boudou: 'regulation of commodities is not a possible aim'

    Economy Minister Amado Boudou warned that the “regulations of the commodities prices is not a possible aim,” after the G20 encounter held in Paris.

  • 22/02/2011 | Argentina

    Liaison Board might summon Amado Boudou for questioning

    The Liaison Board announced that they will summon Economy Minister Amado Boudou for a hearing to question him over what he said during the G20 meeting held in Paris, where he stated that the solution for the grains market was to increase the production.

  • 23/02/2011 | Argentina

    Fiscal surplus hits $2.105 B in January

    The fiscal surplus rose 103.7 percent and reached 2.105 billion pesos during January year-on-year, according to Economy Minister Amado Boudou.

  • 21/12/2010 | Argentina

    Boudou launches candidacy for City mayor

    Economy Minister Amado Boudou officially launched his BA City Mayor candidacy with large support of the CGT Labour Confederation and his head, Hugo Moyano, who was present at the rally held at the SMATA mechanics' united union headquarters.

  • 25/01/2011 | Argentina

    Fiscal surplus grows 45% in 2010, Boudou

    Economy Minister Amado Boudou reported that the fiscal surplus in 2010 hit 25.08 billion pesos (6.05 billion dollars) and rose 45 percent compared to the volume registered during the previous year.

  • 28/01/2011 | Argentina

    Gov't once again suggests consumers 'shop around'

    Economy Minister Amado Boudou once again urged consumers "to shop around" in light of "a large dispersion of prices" in the domestic economy.

  • 27/04/2012 | Latin America

    El Salvador economy minister quits

    El Salvador's economy minister, Hector Dada, quit citing discrepancies with President Mauricio Funes over the economic direction of the tiny Central American nation.

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