With a very sold out quota of 1,000 people, CIPPEC, the public policy think tank, will celebrate 40 years of democracy this Monday during a dinner at the Hilton. Entrepreneurs, governors, ambassadors, officials, trade unionists, representatives of social movements converge in the event that marks the beginning of the electoral year. Among the first to confirm their presence are the pre-candidates for the presidential race, not yet defined as Mauricio Macri. The exception is Cristina Kirchner, but her bishops Wado de Pedro and governor Kicillof have already anticipated that they will leave. Among the ambassadors will also participate the active Marc Stanley from the United States. Gala Díaz Langou, CEO of CIPPEC, will talk about the tenth presidential election in a democracy, a great milestone in the history of Argentina, and will refer to the challenges related to social security, subsidies, childcare policies and education in two out of ten children in one country do not finish secondary school at the appropriate age and level of learning.
The good news is that CIPPEC has started implementing an early warning system in Entre Ríos and Mendoza to prevent early school leaving. Sergio Kaufman (Accenture) and the chairman of the board will refer to the Democracy 40 initiative which called for a public, participatory, federal and intergenerational dialogue, with the aim of generating public policy recommendations to promote sustainable development, social inclusion and institutional quality. In this initiative, they have used a methodology to design scenarios for the next 40 years of democracy and will present 10 recommendations. The event will exhibit an exhibition organized by the University of Tres de Febrero and the Bienal Sur, with interventions by the Argentine artist Marie Orensanz, around the value of democracy.
They say that the initiative came from Marcos Pereda, the president of the CICyP (Inter-American Council of Commerce and Production).. It is that when he proposed that the entity should inaugurate its lunch cycle with Mauricio Macri, some released “he is your friend, leave it for later”. That Council was founded in Montevideo in 1941 as part of US initiatives for the region included in the Alliance for Progress. It is therefore proposed to “defend the principles of private enterprise and individual initiative”. In Argentina, it covers the group of six major commercial entities. Pereda, who represents the Rural Society, had the almost unconditional support of Mario Grinman, head of the Chamber of Commerce, for Macri’s invitation. Last year the CICyP closed its activity with Sergio Massa. Eventually, and after some resistance, Macri’s name was accepted. The appointment is next April 12 in Alvear.
For the sixth consecutive year, the AHK Argentina (Argentine-German Chamber of Industry and Commerce) Together with the former Ernst and Youn (EY) they probed what happens to German companies based in the country. It was presented with a panel of CEOs from BMW, Bayer, SAP, ABO Wind and Wintershall Dea. One of the main points they scored is the well-known difficulties in accessing foreign currency, both to import inputs and to issue dividends. But 70% of companies saw an increase in their sales in real terms, albeit with a minor impact on profitability. The question that generates the most uncertainty for them is what will happen to these two indicators in an election year and with a drastic reduction of the harvest, due to the drought. Therefore, they expect much more moderate growth. 44% estimate that their sales will grow, while 18% bet that they will remain constant. As for profitability, 33% of companies think it will stay constant and 20% believe it will grow. 74% of German companies in the country estimate to invest $100 million, the same as in 2022.
Wines of Argentina, in charge of promoting Argentine wine, participated in ProWein in Dusseldorf, Germany, the most important fair in Europe with the presence of 6,000 exhibitors from more than 60 countries. With the patronage of the Farnesina, 135 national wineries occupied 1,500 square meters of a special pavilion. 3,027 labels were transported, approximately 8,955 bottles arrived from Mendoza, San Juan, La Rioja, Salta, Tucumán, Neuquén, Río Negro and Chubut. “We got noticed, we had a big impact,” said Alejandro Vigil, president of Wines of Argentina.
inDrive was born in 2013 as a response to high taxi prices in distant Siberia, one of the coldest regions in the world. In Yakutia, taxi drivers doubled their fares when the temperature dropped. Passengers have united and demanded fairness and transparency in mobility services; and this is where inDriver was born, which was originally the abbreviation of “Independent Drivers”, or a group of independent drivers coordinated through social networks to provide transport services at fair rates. Soon after, Arsen Tomsky replaced it with a mobile app. From there he skipped Mountain View, California. He has already landed in Argentina. When requesting a transfer, the user indicates how much he wants to pay, receives various offers from nearby drivers and chooses the best one.
The business of insurance fraud in Argentina moved, according to the insurer Libra, about 55,000 million dollars in 2022. The CEO of that company, Gabriel Bussola, ensures that 48% of claims have some type of irregularity. The two most common are claiming more than the corresponding amount and fraud. This percentage is considerably lower in the rest of the world.
Charles Arterburn is a seasoned business journalist for News Rebeat, where he provides comprehensive coverage of the latest trends and developments in the world of finance and economics.