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Paraguay pitches Argentina, Brazil on natural gas pipeline plan

3 days ago | batimes.com.ar | Ken Parks |James Grainger

Paraguay is lobbying Argentina and Brazil to sign agreements signalling their political support for a proposed natural gas pipeline linking the three countries, according to a senior official in the landlocked South American nation. Mauricio Bejarano, deputy minister of mines and energy, is optimistic that memorandums of understanding can be signed this year and a task force created to formally study Paraguay’s plan for a 1,050-kilometre (652 mile) conduit.
Milei’s FX gambit sparks sharpest demand for dollars since 2019

4 days ago | batimes.com.ar | Manuela Tobias |James Grainger

Demand for dollars in Argentina hit its highest since 2019 after President Javier Milei all but eliminated foreign-exchange restrictions in the crisis-prone South American nation. About a million Argentines purchased a net total of US$1.9 billion worth of greenbacks in April, according to Central Bank data. That’s up sharply from March, when 34,000 people bought just US$6 million in US currency.
‘Provocation’: Montenegro slams plan to hand over part of ESMA site

1 week ago | batimes.com.ar | Nicolas Gonzalez

Buenos Aires City lawmaker Victoria Montenegro has criticised a decision by the national government to hand over terrain at a former clandestine detention centre to the Judiciary, describing the move as a “provocation” against human rights advocates.
Milei gets Tuttle Twins to teach free markets to kids

1 week ago | batimes.com.ar | Manuela Tobias |James Grainger

After denouncing it as a propaganda tool for the left, Argentina’s libertarian President Javier Milei is relaunching a state-run TV channel for kids set to feature a cartoon teaching free-market economics while stressing the evils of taxes and communism.
Argentina sells peso bonds abroad for first time since Macri era

1 week ago | batimes.com.ar | Kevin Simauchi |Ignacio Olivera Doll |James Grainger

Argentina sold local currency debt to foreign investors, raising roughly US$1 billion that will help boost Central Bank reserves a month after President Javier Milei’s government lifted most currency controls. The five-year peso bonds carry a coupon of 29.5 percent, more than what some local banks had expected, Finance Secretary Pablo Quirno said in a social media post on Wednesday evening.
Mercado Pago will apply for Argentina banking licence

1 week ago | batimes.com.ar | Ignacio Olivera Doll |Maria Clara Cobo |James Grainger

Mercado Pago, the digital wallet and financial services arm of MercadoLibre, will request a banking licence from Argentina’s Central Bank as part of its effort to expand its ecosystem, according to a statement Wednesday. The goal is to offer more services through its fully digital model as the move follows similar steps already taken in Brazil and Mexico. “We’re building Latin America’s largest digital bank,” Juan Martín de la Serna, President of MercadoLibre Argentina, said in the statement.
Villarruel taps ex-officer who ordered destruction of dictatorship records

1 week ago | batimes.com.ar | James Grainger

Vice-President Victoria Villarruel, who has been criticised for her “denialist” approach to the crimes of Argentina’s 1976-1983 dictatorship, has appointed a former military officer accused of attempting to destroy crucial records to a key Senate post. Villarruel, 50, on Wednesday appointed Juan Manuel Gestoso Presas to a top auditing post in the upper chamber, as deputy director general of audit and management control.
Milei to receive prize in Israel next month, speak at Knesset

1 week ago | batimes.com.ar | James Grainger

President Javier Milei will return to Jerusalem next month to receive an award dubbed “The Jewish Nobel Prize” and address lawmakers at the Knesset. Milei, 54, will attend a special ceremony at the Israeli parliament on June 11, when he will be presented with the Genesis Prize. Milei will receive the award from Knesset Speaker Amir Ohana and Genesis Prize Foundation (GPF) President Stan Polovets, according to a press release, before delivering an address to Israeli lawmakers and dignitaries.
Scandalous scenes as Maradona death trial is thrown into disarray

1 week ago | batimes.com.ar | Tomás Viola |Martín Raschinsky |James Grainger

Tuesday’s hearing from the trial into the death of Diego Maradona featured statements of defence, furious accusations, shouting and tears. It ended with a judge, at the heart of a scandal, removed from the case and all parties calling for the trial to restart from scratch with a new trio of magistrates.
Limit on tax agency referral for shopping raised to 10 million pesos

1 week ago | batimes.com.ar | James Grainger

The ARCA (Agencia de Recaudación y Control Aduanero) tax bureau has raised the basic sum for automatic consumer identification to 10 million pesos via Resolución General 5700/2025 published last Tuesday in the Official Gazette. With the move, the tax bureau officialises changes in the framework in the government plan to stimulate the circulation of the so-called “mattress dollars” plan announced the previous week.