Source: MercoPress

President Cristina Fernandez has more power than Juan Domingo Peron “ever had” and Peronism in Argentina is guarantee of governance, according to Carlos Corach a former Interior minister from the former President Carlos Menem administration and a respected solicitor and political analyst.

“Cristina Fernandez is probably the president which has enjoyed more power in the history of Argentina. I’d say even more, she has more power than what Peron had. Peron had to deal and negotiate with very strong corporations, and economic and political sectors”, said the former minister.

Corach added that Peron (the Army Colonel who was president from 1946/1952, re-elected in 1952 but ousted by a military coup in 1955, to return triumphantly in 1973) had to learn to live with the Armed Forces, a very powerful Catholic Church and an opposition that also had strong and charismatic leaders”.

 

“Currently the majority of those players don’t hold such …

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Source: Merco Press

Brazil’s government is ready to respond to Argentine trade restrictions introduced this week but will evaluate the impact of the measures before making any retaliatory moves, trade officials said Friday.

Argentina this week said that beginning in February it will require all importers to file an online affidavit with its tax agency, Afip, before importing goods, providing the Argentine government an instrument to delay imports or determine what goods enter the country.

In response to the measure, Brazil’s Trade ministry issued a statement expressing worry over the effects of the move on trade with its largest regional partner.

“The trade ministry received notice of the measure with concern and established contact with the Argentine government to better evaluate the possible impact on Brazilian exporters,” the ministry said in a statement.

According to a trade ministry official, discussion of the new Argentine measure has already been introduced into the agenda …

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By Patrick Haller

Argentina‘s students didn’t take to the streets recently like students in Chile and Colombia did, but that doesn’t mean they wouldn’t like to see some changes to the country’s education system. While literacy rates and primary school completion are high for the region, access to university to study IT or other advanced subjects essential for a thriving technology sourcing environment is often limited. Low income, and the system for granting higher-level degrees, are usually the culprits.

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Source: Hispanic Business

President Obama said the U.S. will strengthen relations with Argentina, after Cristina Fernandez began her second term as Argentine president last week.

In an interview with Argentine newspaper La Nacion published Monday, Obama said closer bilateral ties will help the two countries “to achieve even more.”

The U.S. and Argentina will openly discuss new challenges of the bilateral relations in a responsible way to be sure that any disagreement can be effectively resolved, the report cited Obama as saying.

Obama also said he hopes Argentina will deepen cooperation with the international community in countering terrorism, curbing drug smuggling and tackling the Iranian nuclear issue.

Obama and Fernandez met at a G20 summit in Cannes, France, in November when they discussed cooperation in science, technology and energy.

During the meeting, the two leaders promised to expand cooperation in the peaceful use of the space and joint research on global climate change, …

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Source: Buenos Aires Herald

Argentina will receive a loan worth US$400 million, or 1.7 billion pesos, from the Inter-American Development Bank to carry out infrastructure improvements in poor neighbourhoods, the government said yesterday. The decision follows an about-turn made by the US to approve credits to President Cristina Fernández de Kirchner’s government after several refusals to do so.

According to the Planning Ministry, which announced the new loan, the programme will help the urban and social inclusion of households living in precarious conditions. “Up to 70,000 families will benefit from infrastructure improvements including the provision of drinking water, sewers, gas, lighting for streets and homes and public spaces,” it said in a statement. That means that around 280,000 people who live in shantytowns or irregular housing will be affected for the better by the investment which will finance phase three of the so-called Neighbourhood Improvement Programme (PROMEBA).

The funds …

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Source: Bloomberg

Argentina is more than doubling electricity rates for the biggest commercial users as President Cristina Fernandez de Kirchner seeks to stem a widening budget deficit without a return to international debt markets.

Argentine power rates will more than double for some industries beginning next month as the government reduces subsidies, according to a statement in today’s official gazette. Power rates during peak hours will increase to 254 pesos ($60) per megawatt hour from 111 pesos.

Fernandez, who was re-elected in a landslide vote on Oct. 23, is seeking to stem a widening budget deficit by cutting subsidies that will swell to about 72 billion pesos this year, or about 4 percent of gross domestic product, according to Moody’s Investors Service. Power generators in Argentina include Pampa Energia SA (PAMP), AES Corp. and Petrobras Argentina SA. (PESA)

“The announcement is positive, it shows that the government is moving toward a normalization …

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Source: Miami Herald 

President Cristina Fernandez was re-elected in a landslide Sunday, winning with one of the widest victory margins in Argentina’s history after her government spread the wealth of a booming economy.

Fernandez had 53 percent of the vote after three-fourths of the polling stations reported nationwide. Her nearest challenger got just 17 percent. Interior Minister Florencio Randazzo predicted the president’s share would rise as polls reported from her party’s stronghold of densely populated Buenos Aires province.

“Count on me to continue pursuing the project,” Fernandez vowed in her victory speech. “All I want is to keep collaborating … to keep Argentina growing. I want to keep changing history.”

Fernandez is Latin America’s first woman to be re-elected as president, but the victory was personally bittersweet – the first without her husband and predecessor, Nestor Kirchner, who died of a heart attack last Oct. 27.

“This is a strange night for …

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Software Product Engineering and Application Development Leader to Hire 1,000 Employees Dedicated to Serving U.S. Clients

Ci&T, a technology outsourcing and software product engineering company, today announced that it is expanding its support for its United States customers with a new delivery center in Argentina. The new center, which is expected to grow to 1,000 employees in the next five years, will serve Ci&T’s U.S. clients and furthers the company’s mission to provide geographically convenient Nearshore services to its customers.

Ci&T’s new Nearshore delivery center will enable the company to produce projects for its U.S. clients with even greater agility and speed. Because of its near-local proximity and time zone, clients in the U.S. can access the center’s developers within the span of their normal workday, without having to make after-hours calls to their development team. Ci&T’s established Agile and Lean culture ensures that the developers are equipped to make on-the-fly changes …

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A CIO and his deputy point to underperformance by both Accenture and Cognizant

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Source: USA Today

President Cristina Fernandez said Monday that keeping Argentina’s economy growing despite the global consumption slowdown is her top priority as she looks forward to what seems like a certain re-election in October.

Fernandez got just over 50% of the valid votes in Sunday’s primary, leading her nearest challengers by more than 37 percentage points. Buoyed by the results, she held her first news conference in more than a year, and vowed to keep Argentina’s economy growing strong.

“I’ve given my heart and soul these four years,” she said, thanking her supporters. “The people value the ability of leaders to respond to problems in a crisis.”

While many of the world’s leading economies are trying to cut their way out of staggering debts, Argentina has largely resolved its debt crisis and aims to maintain its economic independence while spending revenues and reserves to create jobs and build a more …

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