News of economy

Milei’s party becomes top bloc in Congress

Today 15:01 President Milei's party became the biggest group in the lower house of Argentina’s Congress thanks to additions and defections.

Milei’s ‘deep chainsaw’ targets 30,000 more public-sector lay-offs

Today 12:23 As of October, the number of state workers stands at 282,000 – the result of a wave of lay-offs that began in 2023 and ended with 58,000 jobs lost. The target is a workforce of 250,000 employees, with cuts eyed at the Cabinet Chief’s Office and state media.

Milei’s approval rises after victory in midterm election vote

Yesterday 14:06 Milei’s approval rose to 42.6% in November from an administration low point of 39.9% in October, according to LatAm Pulse

Milei’s election battle leaves Argentina’s banks at five-year low

Yesterday 12:13 Banks in Argentina are struggling due to President Milei’s fierce push to tame the currency; Squeeze has forced bankers’ hands, triggering a sharp pullback in lending that could continue well into 2026.

Key European Union vote on Mercosur trade deal expected mid-December

01-12-2025 10:05 Vote by European Union member states on trade agreement with South American bloc expected to take place between December 16 and 19, according to reports, just ahead of Mercosur summit in Brazil.

Milei cutbacks sends Buenos Aires’ railways back to 1990s

30-11-2025 17:26 President Javier Milei's government declared a public railway emergency in 2024, but only 20% of the allocated budget was used that year – the remainder stayed paralysed due to lack of real funds and administrative delays.

by Juan Cruz Soqueira

High corruption in Argentina

29-11-2025 05:00 Two years into Javier Milei’s Presidency, there is a growing sense of impunity that by no means is his sole responsibility. It is reminiscent of moments of high corruption such as those seen in the latter Kirchnerite years.

by Agustino Fontevecchia

Stories that caught our eye: November 21 to 28

28-11-2025 19:28 A selection of the stories that caught our eye over the last seven days in Argentina.

Agreement between Starlink and Telecentro expanded

27-11-2025 15:04 Firms owned by Alberto Pierri and Elon Musk extend commercial and strategic joint venture that they say will revolutionise the market.

French Parliament reasserts opposition to EU-Mercosur deal

27-11-2025 12:08 Agreement proposes a transatlantic integration spanning more than 700 million people. Brazil’s Lula remains convinced that a final deal can be reached at the upcoming summit in December.

Economy grew 5% year-on-year in September, says INDEC

25-11-2025 21:41 Argentina's economy expanded more than expected in September, despite increased market turmoil caused by local and national midterm elections.

MercadoLibre tries to woo Brazil’s online shoppers as Amazon, Shein close in

25-11-2025 17:03 MercadoLibre is increasing discounts and promotions in Brazil to retain its market lead as Amazon and Shopee offer competition.

Study finds arsenic contamination in Buenos Aires Province

24-11-2025 12:54 Seventy percent of the region shows contamination linked to cancer and chronic illness, ITBA warns; Researchers warn that prolonged exposure could trigger cancers and severe respiratory disease.

Argentina refuses to back G20 statement over ‘breakdown in consensus’

23-11-2025 11:44 President Javier Milei’s government rejects G20 Leaders Summit final communiqué, echoing criticism from Washington; Argentina’s Foreign Minister Pablo Quirno oversees rejection, which Buenos Aires says is grounded in the breach of the forum’s consensus rule and disagreements over “partial approach” to Middle East conflict.

Snug in the arms of Uncle Sam

22-11-2025 06:41 For good or ill, it would appear that for the foreseeable future the United States will continue to be the only superpower worth taking into account.

by James Neilson

Milei (finally) divides to conquer

22-11-2025 06:40 In his first two years in office, Milei united rather than divided the opposition. His all-out attack on “the caste” earned him many enemies and virtually no friends. But everyone likes a winner.

by Marcelo J. García

US banks shift from US$20-billion Argentina rescue, WSJ says

21-11-2025 17:23 US banks are putting a plan for a US$20-billion bailout for Argentina on the back burner and pivoting to a smaller US$5-billion short-term financing facility.

Work hard, play hard: Global stars make the most of Buenos Aires

21-11-2025 14:42 A-listers are flocking to Argentina’s capital. From steakhouses and vegan restaurants to tango and football matches, here’s the experiences celebrities are seeking out during their time in Buenos Aires.

by Mariano Casas Di Nardo

One in nine Argentines have no access to gas, drinking water or sewers

20-11-2025 18:59 More than five million people in Argentina live in precarious conditions across 6,467 low-income neighbourhoods. Report by Fundar y Techo NGOs find that socio-urban integration policies have been defunded since 2024, with those living in impoverished areas falling behind.

Milei signs deal with Chubut to scrap export duties on conventional oil

20-11-2025 16:50 National government and Chubut Province sign agreement to eliminate export duties on conventional crude oil; Province will revise royalties and companies will maintain their investments.

Court orders US$500-million asset seizure in ‘Vialidad’ corruption case

19-11-2025 23:30 Judges move to execute confiscation of more than 120 properties tied to Cristina Fernández de Kirchner and others convicted in case; Supreme Court upheld ex-president’s conviction and updated the value of illicit gains.

Decisive weeks in Brussels for the EU-Mercosur trade agreement

19-11-2025 17:47 European farmers continue to strongly oppose the free-trade deal, which they consider a direct threat to such sectors including meat and sugar. 

La Libertad Avanza close to 'first minority' as Catamarca governor eyes breakaway

18-11-2025 18:21 Catamarca Province Governor Raúl Jalil assessing whether to break with opposition Peronist caucus in lower house to form his own four-deputy caucus; Move would allow direct coordination with Casa Rosada and put La Libertad Avanza on verge of being first minority in Lower House.

by Julian D'Imperio

Report: 276,000 formal jobs lost in 21 months of Milei

18-11-2025 16:18 Report by CEPA think tank details 276,000 jobs lost since start of Milei administration in December 2023; Study finds 20,000 firms – or close to 30 companies a day – have closed their doors over same period; Public administration and construction lead the decline.

Continental buys Pluspetrol shale field, says Luis Caputo

18-11-2025 08:54 Harold Hamm’s Continental Resources Inc is entering Argentina’s burgeoning shale patch, announces Economy Minister Luis Caputo.

UK Conservative leader Badenoch showers praise on ‘fantastic, fearless’ Milei

17-11-2025 17:00 Kemi Badenoch says in Canning House speech that Margaret Thatcher would be “proud” of President Milei’s reform push; Tory leader showers praise on “fantastic” Argentine leader and praises reform push.

by James Grainger

Chile assets soar as election paves way for right-wing president

17-11-2025 12:01 José Antonio Kast emerged victorious among a field of right-wing candidates whose supporters he’s now likely to pick up, positioning him as the favourite in the December 14 run-off. Jeannette Jara moved on to the second round but with fewer votes than expected.

Greenpeace slams Milei’s plans to amend Glacier Law for mining purposes

15-11-2025 16:43 Argentina's current Glacier Law, in force since 2010, bans activities that could damage glaciers and periglacial areas, such as mining and hydrocarbon exploitation.