Weekly Update

ECONOMY, POLITICS AND FINANCE

In the midst of the internal tension over the dollar, the Government is confident that it will reach an agreement with the IMF earlier than expected

Economía trusts in the good harmony that exists with the managing director, Kristalina Georgieva, and her staff. The November mission will begin designing the new program. “The talk I had with Martín Guzmán about the path that Argentina has ahead was very good. We will continue to support the authorities as they work to ease exchange rate pressures, anchor economic stability and lay the foundations for recovery, ”the managing director wrote on her Twitter account yesterday.

ARGENTINA STRENGTHENS ITS TIES WITH CHINA AMID ITS WORST CRISIS IN 20 YEARS

In recent times, cooperation between the two states has not been limited solely to the health field, but has also resulted in a greater commercial, economic and political relationship, at a particularly delicate time for the country. Alberto Fernández’s speech at the United Nations (September of this year) was in strong harmony with the speech of Xi Jinping (President of China), in relation to the commitment to multilateralism, South-South cooperation and the role of emerging countries in the fight for the covid-19 pandemic.

 

CREDIT CARDS PROCESSOR: A NEW “SUPER PLAYER” ARRIVES IN THE LOCAL MARKET

The FIS group, owner of the global payment processor Worldpay, announced today the most recent expansion of its global presence in the Latin American market, with new acquiring licenses in Argentina. Thus, with a renewed ability to offer the local market greater offers in card payment processing, it will allow Argentine merchants to have access to a larger set of solutions, products and services for online commerce.

ENERGY, OIL & GAS AND MINING

Gas: transporters and distributors must pay $ 528.28 million to finance Enargas

The National Gas Regulatory Entity (Enargas) set the final balance of the Fiscalization and Control Fee for the year at $ 528.28 million, which must be paid mostly by transport and distribution companies until November 6. On this occasion, the obligation includes the cooperative sub-distributors, with another $ 24 million, which, by determination of Enargas, pay the rate in two installments.

 

VACA MUERTA AND THE SMES

The Federation of Energy Chambers (FECENE) listed a series of actions that, according to them, should be resolved in the short term. They demand the Vaca Muerta law. The Neuquén Basin and Vaca Muerta are going through times of change that arose after the union and national agreements reached in the last month. In this framework, the Federation of Chambers of the Energy Sector of Neuquén (FECENE) detailed the 5 points that should be “resolved” in the short term to recover and expand activity levels.

  

SOLAR PROJECTS AWARDED

So far, 23 wind and solar farms are already delivering clean energy to Large Users through contracts between parties. However, other 15 projects are subject to extensions that may be granted by the Ministry of Energy led by Darío Martínez. The company that regulates the Argentine electricity market, CAMMESA, published a report detailing that there are already 23 wind and solar parks in the country that were assigned within the framework of the Renewable Energy Term Market (MATER).