Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2017-04-12 18:35:00

ARGENTINA NEED INVESTMENT: $14 BLN

ARGENTINA NEED INVESTMENT: $14 BLN

REUTERS - Domestic and foreign companies likely will invest $14 billion in Argentina this year as firms open their pockets to make good on previously announced investments, the head of the government's investment promotion agency said on Tuesday.

President Mauricio Macri's government struggled to pull in the investment it promised in his first year in office but the head of his Investment and Trade Promotion Agency, Juan Procaccini, said in an interview that 2017 was looking better.

"The first year we had so many things to do in terms of ... becoming again a normal economy," Procaccini said. "Now, we're enjoying the fruits of that effort."

The agency, created shortly after Macri took office in late 2015, is working with companies on an additional $12.5 billion worth of investments in projects that have not yet been announced, he said.

Foreign investors stayed away from Argentina during much of the past decade due to former President Cristina Fernandez's populist policies and many are waiting to see if market friendly reforms Macri has proposed or passed remain in place.

Foreign direct investment (FDI) totaled just $5.7 billion in 2016 - down from $11.8 billion in the previous year - as the economy contracted 2.3 percent. The agency's goal is annual FDI of $20 billion to $25 billion, Procaccini said.

The 2016 dip was due in part to multinational companies repatriating their profits outside of Argentina after Macri lifted capital controls.

Specifically, a plan to boost wind and solar energy capacity in coming years was likely to bring in $13 billion in investment, Procaccini said. There also is potential for $30 billion in mining investments to help Argentina catch up to neighboring Chile, and efforts to cut labor costs will help attract investment in oil and gas.

The agency has identified $58.6 billion in investment announcements since Macri took office, many for projects that would take an average of four to five years, Procaccini said. About three-quarters of the investment expected this year would come from foreign companies.

Macri's diplomacy has helped attract investment from non-traditional sources, Procaccini said, noting that Japanese companies were looking for projects a year after leaders of the two countries had their first bilateral meeting in decades.

"They want to have the political framework aligned between the two countries," he said. "We will have very strong Japanese companies investing in Argentina for probably the first time ever."

Major Japanese trading companies were eyeing lucrative rail contracts.

-----

Earlier: 

NEW SAIPEM'S CONTRACTS: $430 MLN 

ARGENTINA & UK OIL 

EXXON & ARGENTINA INVESTMENT: $10 BLN 

RUSSIA BUYING UP AMERICA 

CHINA, ARGENTINA SHALE

 

 

Tags: ARGENTINA, INVESTMENT, ENERGY

Chronicle:

ARGENTINA NEED INVESTMENT: $14 BLN
2018, February, 16, 23:15:00

DEWA INVESTS $22 BLN

AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

ARGENTINA NEED INVESTMENT: $14 BLN
2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.

ARGENTINA NEED INVESTMENT: $14 BLN
2018, February, 16, 23:05:00

RUSSIAN NUCLEAR FOR CONGO

ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.

ARGENTINA NEED INVESTMENT: $14 BLN
2018, February, 16, 23:00:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

All Publications »