Wednesday, April 24, 2024

February 24, 2023 – JefferyGroup




Four senators announced their withdrawal from the Frente de Todos Inter-Bloc this Thursday. Outgoing senators are Edgardo Cuider (Enter Ríos), Carlos Espinola (Corrientes) of the Frente Nacional y Popular bloc, close to the provincial governors; and Guillermo Snopek (Jujuy), and María Eugenia Catalfamo (San Luis), members of the Unidad Ciudadana bloc, with Vice-President Cristina Fernández de Kirchner referencing more. The legislators will form a new position within the upper house, called Unidad Federal, together with Senator Alejandra Vigo of Córdoba, wife of the governor of the said province, Juan Schiereti, who is not aligned with the national government. Thus, the ruling party would no longer have its own quorum and would have 31 senators, while the main opposition coalition Juntos por el Cambio’s 33 would correspond to the new United Federal Bloc’s 5, plus 3 minority vacancies.

Ambito Financiero: Senado: Fragmenta El Block del Frente de Todos

The mayor of the city of Buenos Aires, Horacio Rodríguez Lareta, launched his presidential candidacy for the opposition coalition Juntos por el Cambio this Thursday via a recorded video. Grieta” (Gap), which confronts the ruling party and the main opposition, assures that “the gap benefits only those who opened it, those who take advantage of it”. He said that “the presidency should be the beginning of a path of great change”. In this sense, although the mayor made official his pre-candidacy for the Juntos por el Cambio, he will not be the only one from the opposition coalition, as is Patricia Bulrich, former security minister and current president of Propuesta Republicana (PRO); Gerardo Morales, Governor of Jujuy and President of the National Committee of the Union Civica Radical (UCR); And the national deputy, Facundo Manes, is also in the running. However, none of them have officially launched their pre-candidates and former President Mauricio Macri, who has not yet defined whether he will run, may also run. Finally, Diego Santilli, the current national deputy and linked to Rodríguez Larreta, last week confirmed his pre-candidacy for governor of Buenos Aires province, the country’s most populous district.

Information: Rodríguez Larreta made an antiwar complaint in Santa Cruz with a video grab: “Quiero ser buon presidente”

The National Institute of Statistics and Census (INDEC) this Thursday released the Monthly Estimates of Economic Activity (EMAE) for December 2022, which revealed a decline of 1.2% year-on-year, but 5.2% in 2022 completed as an increase of . Thus, economic activity increased for the second year in a row, following an improvement in 2021 following the quarantine resulting from the COVID-19 pandemic. The best performing sectors on a monthly scale were fishing (15.5%), hotels and restaurants (10.8%) and mining and quarrying (10.8%). On the other hand, INDEC also published the Argentine Trade Exchange (ICA) for the month of January, which showed a negative result of USD 484 million in trade balance as exports reached USD 4.9 billion and imports reached USD 5.3 billion. Similarly, the country’s main trading partners in January were Brazil, China and the European Union, although losses were recorded with all three countries.

Ambito: Economic crisis 5,2% in 2022: 2 first phases of expansion for the first time in a decade
Information: Dorr Soja, La Balanza commercial arrojo un deficit de deficit USD 500 million enro

According to an analysis conducted by the Argentine Institute of Fiscal Analysis (Iraf) based on information provided by the Ministry of Economy, national public expenditure in January registered a real year-on-year increase of 6.2% in the period. Such data was published this week and represented the first increase after six months of declines when Martin Guzmán headed that ministry. In addition, total revenue declined by 3.2% year-over-year. On the other hand, the Central Bank (BCRA) started repurchases of USD 3 million after about a month, experiencing a negative balance with a loss of around USD 1.3 billion. In this aspect, the monetary unit runs the risk of not reaching the target of quarterly accumulation of reserves.

La Nacion: El gusto public exploto en enro, tras sis mes de baja
La Nacion: Central Bank Reserves: This is a pause you are selling but accumulating US$916 million a day

The banking association, led by national deputy Sergio Palazzo, went on strike this Thursday to protest failed talks with bank employers and also to request that they be compensated for back-payment of income tax. The strike took place within the framework of wage negotiations by various unions, most notably state employees across the country, as well as teachers’ unions almost at the start of the school year. Teachers’ unions achieved an annual increase of 60% in the city of Buenos Aires, while those in the province of the same name are still negotiating with an offer of 40% for the first semester from the provincial government.

Ambito Financiero: Paro Bancario: La Bancara Ratifico La Médida de Fuerza
Information: Patriaria Docente: El gobierno porteño accordo con los gremios and el lunes empezarón las classes sin conflicto
La Nacion: Patriaria dosente: Axel Kisilof officio un 40% de aumento Julio and le mate pression a la pauta de referencia de Sergio Massa