A gradual elimination of capital controls is necessary to stimulate investment in the Argentine economy, Daniel Scioli, candidate for the ruling party FPV and most likely next Argentine president, told El Cronista in an interview yesterday.Read More
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Argentina is increasingly attracting long term investment amid hopes that October’s elections will bring a reform minded government determined to tackle the country’s long term market isolationRead More
Candidates call for easing currency restrictions that have stalled salesRead More
In view of the October elections and the end of Fernandez de Kirchner administration, the Buenos Aires housing market showed a slight recovery during the first half of the year with the number of completed deeds of sale growing by 3.1%, according to a report released by the Chamber of Notaries of the City of Buenos Aires.
Considering the upcoming elections some economist are being more optimistic and they predict a way out from the current standstill in 2016. In particular they point to the recovery of the consumers’ confidence and an enhancement of the purchasing power, along with a future development of the construction and the industry.
Traders are betting a new government will be keen to reach a deal following the last defaultRead More