Turning State-Owned Enterprises into Corпораctions: A Crucial Step for Argentina‘s Government
In a move that could seem like a mere detail but is actually of great significance, the Argentine government has extended the deadline for converting state-owned enterprises into corporate entities. This change paves the way for the government to start ceding stakes in these enterprises to private shareholders.
Many of these state-owned companies, such as Trenes Argentinos, currently operate under the denomination of ‘State-owned Enterprise.’ However, the government has prorogued the deadline for converting them into corporations through Decree 1120/2024.
The decree extends the timeframe by 60 days, stating, "The deadline set forth in Article 51 of Decree No. 70/23, previously prorogued by Decree No. 553/24, is hereby extended by SIXTY (60) days." The reasons behind this extension include the need to comply with specific articles of the General Societies Law No. 19.550 and its amendments.
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Javier Milei’s Political Rise and the Macri Family Duel
The rapid and successful emergence of Javier Milei in Argentina’s political landscape has brought forth many unknowns that the upcoming elections aim to unravel. One of the key questions is whether Milei’s extreme right-wing party, La Libertad Avanza, will manage to capture the entire available electorate, as happened in Brazil, or if there will be space for a less radicalized variant, such as Pro, to survive with relative autonomy, as seen in Spain.
While these comparisons may be imperfect, they help illustrate the duel between Milei and the Macri family, with Buenos Aires City serving as the principal battleground. Jorge Macri, the city’s chief of government, is acutely aware of the threat posed by Milei’s party and fears that its offerings could capture key national candidacies and even challenge the governability of the district. In response, Macri has proposed to hold separate elections for the City, aiming to decouple the local governmental discussion from the national candidacies, where Milei’s party holds considerable sway.
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Other relevant news pieces include:
- La Libertad Avanza legislator Marcela Pagano has filed a criminal complaint against Buenos Aires City traffic agents for allegedly violating international obligations by stopping Russian diplomats for breathalyzer tests.
- Arturo Vierheller, a former Menem administration official, has successfully implemented a high-productivity cattle breeding system in the Río Salado basin, with innovations in pasture management, genetics, and the use of hilly terrain for cattle raising.
- The Argentine government’s official portal was reportedly hacked, with cybercriminals gaining access and publishing messages against Javier Milei, blaming the previous government for leaving weak systems behind.
- Axel Kicillof, governor of Buenos Aires province, raised eyebrows with his statement that "If there were no state, there would be no summer," following a series of anachronistic and dilapidated government interventions in the province’s dynamic economic sectors.
- The Argentine government has announced the new minimum, vital, and mobile salary values for the coming months: $279,718 in December, $286,711 in January, $292,446 in February, and $296,832 in March.
- Venezuela is accused of maintaining Argentine gendarme Nahuel Gallo in custody without providing information about his whereabouts, despite official documents demonstrating that the regime had authorized his entry into the country to visit his family.
