News from the real and financial sector

PAMPA ENERGÍA has finalized the works of the first stage of expansion of Genelba, its thermoelectric power station located in Marcos PazThe province of Buenos Aires, which will reach a total capacity of 1,247 MW, will become one of the largest in the country. The project of Expansion of 375 MW thanks to a new gas turbine and closure of the cycle delivering to the grid its first MW generated. In the early days of June, a few weeks before the deadline, this unit will begin commercial operations with all regulatory milestones completed. The factory has a power management system in accordance with the international standard ISO 50001: 2011. The expansion project of the Genelba thermoelectric power plant is added to the start up Pampa Energía II and III wind farms in Bahía Blanca, with a strong commitment to the exploration of new gas fields and participation in the construction of the gas pipeline. Dead cow These projects are a central part of 2019 strategic investment plan of the company, for a total amount of more than 850 million dollars.

CAMUZZI GAS announced under an agreement with the Ministry of Housing of the Ministry of the Interior, Public Works and Housing, which provides for more than 1,100 families have already approved their microcredit to finance the internal installation of gas in 60 monthly installments. This initiative called "Better Gas Home" is aimed at households above distribution networks, with an income up to 3 minimum wages vital and mobile, formal or informal. To date, 38 families have already completed work at home and connected to the gas network, while another 36 are doing the work necessary to become new users of the service.

NATURGIEwith the municipality of General Rodríguez, inaugurated regulating installation allowing the gasification of the neighborhoods of Marabó and Bosque Real. The works included the construction of a 6-inch high-pressure pipe of 3,539 meters as well as the civil engineering and mechanical works of the pressure regulating station with a capacity of 5,000 m3 / h. From there, some 1,200 families will be able to access natural gas through networks.

RECOGNIZE THE ARCELORMITTAL GROUP announced that since this month, its factory located in La Tablada, the second largest company in the country, employs more than 450 people and is composed of the head office and an industrial sector dedicated to the manufacture of the line of steel wire, will use renewable energy in its entirety to carry out its daily operations. This achievement was made possible by a agreement signed with Petroquímica Comodoro Rivadavia (PCR), a company that will supply electricity generated by the Bicentennial II wind farm.

Bioceres At an event organized at the Argentine Embbady in China, the cabinet presented the biotechnological developments in which he collaborates with his Chinese partner DBNunder the title "Presentation of Environmentally Resilient Agriculture". The CEO of the company, Federico Trucco, pointed out that the world's first available technology for a drought-resistant soybean seed (HB4), whose use has already been approved in Argentina, has been patented and is in course of examination by the Asian authorities.

ARBA The operations of payment of predetermined taxes by credit card, which taxpayers manage from the own website of the Collection Agency of the Province of Buenos Aires, showed a 40% increase between January and April of this year, during which the agency processed 100 119 more transactions than in the first four months of 2018. The director of the agency, Gastón Fossati, said: "This increase reflects the positive effect of the Elegí campaign. Digital, which encourages simplifying the payment of taxes and streamlining tax procedures. "

GOVERNMENT OF THE CITY OF BUENOS AIRES The Ministry of Economy and Finance, led by Martín Mura, has published a 112-day Treasury Bill, fully in pesos and with a structure similar to that of a double bond, since it offers a compensatory interest in case of exchange rate increase. The issue carried out registered 195 orders. While the city it was seeking funding of approximately $ 2,000 million, bids were received for $ 5,890 million, of which $ 5,219 million at a nominal annual rate of 59%.

NATION OF BANK leads the acquisition of non-customer deposits with a rate of 55% per annum at 30 days and 16,829 transactions for an amount in excess of COP 2,777 million. This initiative, promoted by the Central Bank of the Argentine Republic, aims to increase competition among banks through an improvement in the interest rate they pay, the aim being that the pesos are not converted into dollars and reduce the "spread". which exists in relation to that which the entities perceive by the Leliq.

NATURA has made a public commitment to use equivalent material for 15% of the waste generated by its packaging and packaging.s. This is an unprecedented fact in the country, where there is still no law or standard regulating extended producer responsibility, unlike in Chile or Brazil, where it is already working with concrete goals adjustment. And that goes in the direction of the global commitment to the 2050 horizon to recover 50% of equivalent material. One of the recovery centers will be in the glbad, where he has risen to the challenge of incorporating up to 30% recycled glbad into his local perfume containers. The first series of containers will be on the market in early 2020.

KAMAY VENTURES, the investment fund managed independently by Overboost and initially constituted by Coca Cola from Argentina and Arcor SAIC, has opened its first call to startups proposing ideas and innovative projects contributing to the digitization of the various stages of the production process. In this range, look for companies focused on digital commerce (e-commerce and e-commerce); Fintech; Digital S & OP (Consumer Intelligence), IOT (distribution, packaging and logistics); Ag-Tech (primary production, trade and sustainability); Applied Biotechnology – Nutritional Health; and Environment (recycling with a focus on collection).

GUARANTEE, Mutual Guarantee Society awas the first digital ticket on the Argentine market. This recently launched product has the major benefit of providing medium-term financing (up to 36 months) in local currency or dollars and in a 100% digital form. This involves federalising access to finance for any SME, regardless of its physical location.

MARIVA ASSET MANAGEMENT has launched its MAF Global fund. The fund aims to protect dollar capital for a conservative profile,
with a Average life of 1.8 years and target yield of 3.26% per year. It consists of a diversified portfolio of dollar-denominated private and sovereign badets issued in Latin American countries, to the exclusion of Argentina, and which can range up to US $ 500,000. 25% in US Treasury Bills (US Treasury Bills).

EMA partners, one of the world's leading executive search firms,Lega in Argentina with the aim of strengthening its presence in the region, where she already has offices in Chile, Peru, Mexico and recently in Colombia, hand in hand with Airaldi-SHC. It has been expanded with the incorporation of partners in Europe, then in North America, Asia, the Middle East, Latin America and Africa.

COVIAR two projects presented by the entity's business incubator were laureates of PIC projects (investment and growth projects) granted by the Ministry of Economy, Infrastructure and Energy, as part of its program Mendoza Emprende: Software Development with NFC Technology (holder Mariano Fermosel, industrial designer). It is a platform for administration and obtaining data related to the vitivinícola industry; and UCO Drone (holder of KER SUD S.A. of Gastón Ragazzone, lawyer and producer). It offers the spraying of plantations by drones.

ITAÚ ARGENTINA FOUNDATION Party 10 uninterrupted years of the Itaú Visual Arts Prize with the exhibition of 60 works. As usual, works from multiple disciplines and aesthetic profiles are presented by artists from different parts of the country.

NEWSAN presented its annual report on corporate social responsibility for the fourth year in a row, highlighting the achievements and learning of triple impact management in keeping with the GRI guidelines: safe and affordable products ; energy efficient; take care of the environment and create shared value.

DHL Express Argentina incorporated 100% electric vans into its fleet, without noise and emissions. This initiative is part of the GoGreen program of the Deutsche Post DHL Group and aims to reduce carbon emissions from logistics by 2050 by zero.

VITTAL added a base in Añelo, province of Neuquén. With 4X4 mobile intensive therapy unitsspecially designed for hostile and equipped terrain to deal with emergencies and medical emergencies in remote areas of major cities.

BANCO GALICIA he had a honorable mention at the Red Hat Innovations Awards 2019. It was the only Latin American company to stand out by implementing a native digital experience platform in the cloud. Red Hat, the world's leading provider of enterprise computing, hosted the thirteenth edition of the Innovation Awards. This award recognizes the technological, creative and innovative achievements of its customers around the world.

MASTERCARD, the Women's ConnectAmericas Program of the Inter-American Development Bank (IDB) and the INCAE Entrepreneurship Center, they launch the "Virtual Accelerator" digital training platform as part of their shared and ongoing commitment to promoting women entrepreneurs in Latin America and the Caribbean. Available in all Hispanic countries through the IDB's ConnectAmericas Academy, Virtual Accelerator will provide women entrepreneurs with free access to important training sessions, webinars, and a network of 39, business consulting experts. With seven online course modules, the platform will evaluate and train registered participants on key topics such as growth strategies, marketing, operations and team management.

BANCO HIPOTECARIO received the "LIDE Technology 2019 Award" for the implementation of API architecture and large-scale microservices, which allowed the digital integration. This launch has made the company the first of its kind with a 100% online customer registration channel, with biometric online identity validation and endorsement from the National Register of Persons.

Anses opened the Registration for Group Meetings and Free Retirement at Work, June 5th, 7th, 12th and 14th in the autonomous city of Buenos Aires. The cycle includes four days and address to all workers of public, private or independent bodies close to retirement (up to two years before the start of the process), or to those who have taken their retirement at most one. year

BCRA, the central bank of the Argentine Republic opened the 2019 financial innovation program in collaboration with the National Securities Commission (CNV). Projects can be submitted until July 29th. On this occasion, the BIP invites designers, programmers, students, professionals, economists and entrepreneurs from the world of financial markets and capital.

SMS – San Martín, Suarez & Asociados will dictate on Tuesday 21st May a theoretical-practical workshop on the adjustment for inflation, a question of topicality, because of the constant rise in prices. It will be presented on the technical concepts, the methodology and the latest professional resolutions, including a complete case study according to the simplified method of Re. JG 539/18 used by most companies not listed on the CNV.

UART, the union of professional risk insurers, reported that Tuesday, May 28, at the summit of the CCK, with the participation of Dante Sica, Minister of Production and Labor of the country, Santiago Bausili, Secretary of Finance and Juan Pazo, Superintendent insurance of the nation, will be carried out on International Conference on Insurance, prelude to the 46th Annual General Meeting of the Geneva Association, the leading think tank on insurance in the world, which is meeting for the first time in our country. The Association of Argentine Insurance Companies (AACS), the Association of Insurers of the Interior of the Argentine Republic (ADIRA), the Civil Association of Life Insurers and Retirement of the Argentine Republic (AVIRA), the Union of Labor Risk Insurance Companies (UART), the Association of Argentine Insurers (ADEAA) and the Argentine Association of Cooperatives and the Mutual insurance (AACMS) with the auspices of the Geneva Association and the support of the National Superintendency of Insurance

STUDIO LISICKI, LITVIN & Asociados César Litvin, CEO, and Andrés Djmal, Partner, to speak on Monday, May 27, on Argentina's taxation and financial income abroad in one Business Breakfast organized by the Buenos Aires Stock Exchange.

ECUMENICAL SOCIAL FORUM "Ethics and business", codes and systems of conformity, with Juan José Almagro (professor of several Spanish universities, director of Mapfre Spain), Julio César Crivelli (president of the Argentine Chamber of Construction) and Javier Castro Peña (director of Prudential Seguros), Monday May 20th at 7:00 pm at the Faculty of Economics of the UBA. Jorge Etkin (director of administrative career at FCE UBA) will host and present Theresa Varela (Misión Esperanza Foundation).

CAM will take place next Tuesday the election of young Argentine businessman at the Congress of the nationorganized by the youth branch of the Argentine Confederation of Medium Enterprises and the coordination of the lower house of the national deputy of San Juan, Eduardo Cáceres. The meeting will bring together SME finalists from all provinces and aims to recognize entrepreneurs who promote competitiveness, innovation, social responsibility, regional productive development, generational change, international projection and the promotion of entrepreneurship. l & # 39; employment.

COCA COLA Evangelina Suárez, first woman to occupy the general management for Argentina, Paraguay and Uruguay.

ABA, Association of Banks of Argentina, Claudio Cesario was re-elected president for two years of the entity to the Ordinary General Meeting held at the headquarters of the institution. The members of the board of directors were also appointed and represented by: First Vice President Enrique Cristofani (Santander Río), Second Vice President Martín Zarich (BBVA Banco Francés), Third Vice President Gabriel Martino ( HSBC Bank Argentina) and fourth vice-president João de Nobrega Pecego (Banco Patagonia), secretary Alejandro Ledesma (ICBC – Industrial and Commercial Bank of China – Argentina), prosecutor Facundo Gómez Minujín (National Association JPMorgan Chase Bank – Branches As.) , Treasurer Marcelo Mut (Banco Itaú), Tullio protest Lanari (BNP Paribas), Titular Director Julio Figueroa (Citibank), Acting Director Javier Fernández Paredes (Bank of the Eastern Republic of Uruguay) and Account Holder Silvana Rita Luzarreta (Bradesco Argentina).

IAEF Argentine Institute of Financial Executives renewed its board of directors and elected Jorge Saumell to the presidency Marcelo Fell, Vice President, and Diego Calvete, Executive Director.

By Daniel Sticco [email protected]