The Swiss consultancy of Dr. Arriazu

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At the usual New Year’s lunch, Swiss-Argentine Chamber of Commerce brought together the CEOs of Swiss companies in the country in Alvear to hear from economist Ricardo Arriazu. The presentation of Arriazu was preceded by a speech by the Speaker of the Chamber, Ernesto Kohen, the third generation at the helm of the Chronex group, leader in Swiss watchmaking. Kohen spoke of “sleight of hand” to do business with obvious reference to import stocks. This year, together with the executives of Nestlé, Novartis, Roche, Zurich, Adecco, Lloyd, Buhler, ABB, Just, Firmenich, Glencore, Buhler and Sika, among others, economists Daniel Marx, Orlando Ferreres, Lorenzo Sigaut Gravina and Fausto Spotorno. Ambassador Hans Ruedi Bortis said that Switzerland is one of the main direct investors in the country.

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Arriazu stressed that it will not grow in 2023 and that inflation will be close to 100%. He spoke of a very difficult world, more protectionist with short supply chains for inputs. He recommended: “We should not live with what is ours, but within what is ours.” In his opinion, the short-term problem “is a fiscal deficit that nobody wants to finance, even if on average it is lower than that of many countries, as well as the net debt. The fiscal deficit needs to be cut, and that’s where the opposition disagrees on the speed of adjustment for the next government, because a program can be made, which will need foreign aid that can be used in the foreign exchange market. To give this money, in a fraudulent country, you need trust and a grand coalition to fight inflation from day zero”. Of course, and perhaps as a Christmas present, Arriazu shared what his hope is: “From 2020 I say there will be no hyperinflation and my hope is in the energy sector, based on the development of Vaca Muerta and alternative sources that will take longer to contribute a significant level of foreign exchange. The problem is not that we have no resources or that we are not competitive, but that we do not have the means of transportation to get the gas.”

The lithium conference took place this week at the Hilton with the main world players who are already in the triangle of this rare mineral that makes up Argentina, Chile and Bolivia and which concentrates more than half of the world’s resources. One of the surprises was the presentation of the former YPF vice president at the time of Miguel Galuccio, Doris Capurro. She talked about the lessons learned in YPF to obtain the Vaca Muerta social license. “Lithium, unlike Vaca muerta, is at the heart of the energy transition. But these countries, despite their abundance of resources, account for just under a third of world output, currently led by Australia. The ratio of reserves to resources in Argentina explains the low level of development of its potential. Chile, with half the resources, has a production that doubles that of our country,” said Capurro, who currently presides over Luft Energía.

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Airports, under the leadership of Martín Eurnekian, has announced its alliance with Skyports which anticipates a new business, that of air taxis. The company designs, builds, and operates infrastructure for air taxi take-off and landing, and partners with manufacturers of electric vertical take-off and landing vehicles for passengers and cargo. It has projects in several countries and its owners are Deutsche Bahn Digital Ventures, Groupe ADP, Irelandia Aviation, Levitate Capital, among others. In turn, Corporación América is one of the leading private airport operators in the world, with 53 airports in 6 countries.

When I was 19 and studying law Tomás Piquera he had to take over the family legacy, the management of the Hospital Services Center (CSH), a company founded in 1996 by his father Pablo and grandmother Norma. His father was dead. They sold ventilators, beds and monitors. Tomás managed to graduate and in 2020 he was called to a program at Harvard University, where they brought together about 50 innovators in the healthcare sector. At the age of 25 he decides to switch from importing products, also due to permanent obstacles, and to focus on local innovation in diagnosis. He has developed software which, with Artificial Intelligence, and based on a clinical image, is compared with others in a database and the system produces a pre-diagnosis. They export it. The company had $9.5 million in revenue in 2021 and is targeting $12.5 million this year.

In the midst of the growing demands of the world market In the food trade, Argentina is one of the few countries that can count on reliable supply chain monitoring systems that “effectively contribute to the conservation of forests and natural ecosystems. There is an opportunity to provide local people and the world with deforestation and conversion-free food by positioning products with differentiated attributes in terms of sustainability, which satisfactorily address both local and international trade needs and constraints,” he said María Eugenia to the producers Periago, Coordinator of Sustainable Management and Production of the Fundación Vida Silvestre.

Helipagos.com is the first digital payment and collection platform for Misiones, designed for companies and institutions of all sizes. This fintech has a strong presence on the Argentine coast and has begun its expansion into internet payment infrastructures to allow its customers to accept payments and manage their businesses online. Sebastian Nocito CEO and founder has become a disseminator of the system.

Federico Domínguez, economist with a master’s degree in Finance of Torcuato Di Tella University, has just published Hyperaccelerated Argentina. Domínguez, 35, is a financial advisor to various weight groups. He argues that the pandemic and Russia’s war against Ukraine are two events that have drastically changed the economic paradigm and “accelerated” the transition to a world battered by inflation. He therefore believes that from a low-inflation world we are in a high-inflation world, which is moving from globalization to deglobalization, from peace to war, from population bonuses to population ageing, from the Third Industrial Revolution to the Fourth. And he encourages: “All of this is part of the storm that precedes the recovery.”

Source: Clarin

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