Argentina

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Dramatic courtroom illustration of pilot testifying against Cabinet Chief Adorni over disputed Punta del Este flight payment.
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Pilot contradicts Adorni on Punta del Este flight payment

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Pilot Agustín Issin testified in court that Cabinet Chief Manuel Adorni's return flight from Punta del Este was paid by journalist Marcelo Grandio, contradicting Adorni's claim. Adorni maintains he paid with his own money and continues meetings to show normalcy. MP Oscar Zago called for his resignation due to damage to the government image.

A report from Argentina's Observatorio de la Cadena Láctea Argentina warns that China, the world's top dairy buyer, has reduced import volumes by up to 16.5% at the start of 2026. Prices in dollars are cushioning the decline while domestic production rises.

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Deputies from Unión por la Patria launched the Family Vulnerability Index of Congress to track the economic crisis's impact on Argentine households. Based on December 2025 data, it scored 4.9 points, signaling a concerning vulnerability zone. It examines delinquency rates, employment, business closures, and real wages.

Argentina's Central Bank (BCRA) purchased US$146 million in the foreign exchange market, continuing an ongoing streak of more than 50 consecutive days of net buying and approaching 40% of its annual reserve accumulation target. Gross reserves closed at US$43.800 million.

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Chief of Staff Manuel Adorni announced on Wednesday in a Casa Rosada press conference a deregulation package including the Hojarasca law to repeal over 70 obsolete norms, the sending of 60 judicial appointments to the Senate, and the concession of the Chapadmalal complex.

A tower in the Buenos Aires Parque Patricios complex, site of a parking collapse on March 3, was evacuated again after a window exploded. Neighbors reported wall cracks and lifted tiles amid fears of further structural damage, with some residents left without power.

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Argentina's government under Javier Milei is pushing to privatize six state-owned companies to secure dollars and bolster reserves, even though four ended 2025 with financial surpluses. State firms collectively posted a $903 billion surplus last year, despite an operating deficit.

 

 

 

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