Vicentino plant in the municipality of San Lorenzo. before the final crisis came. The case is now in the hands of the Santa Fe Courthouse.
Before the intervention of the Court of Santa Fe in the long dispute of Vicentin was knownEduardo Hecker, president of Banco Nación, commented that he had turned down a new payment proposal from an agri-food company of $ 20 million. “They owe us $ 300 million, it is unacceptable”, he underlined in the imposing marble hall of the headquarters of the institution, during the cocktail for the Journalist’s Day. He wasn’t the only one outraged. One of the leaders of the grain brokerage, Grassi, was the one who managed to get the Court to intervene in the bankruptcy. The company’s proposal, which defaulted in December 2019 with debt of $ 1.5 billion, offers a cash payment of $ 297 million. Of that amount, $ 170 million would be in cash at the rate of $ 30,000 for each creditor. Meanwhile, the change of hands of what was one of the leaders of the prosecution is expanding. And in this process there are stakeholders who withdraw, as has already happened with Molinos agro. Bunge, the ACA cooperative, and Viterra, the former Glencore, remain firm, at least so far.
Fidelitas, one of the leaders in credit risk assessment, analyzed 9,500 financial statements of 3,500 different companies, selecting all from Argentina. “In the industrial and commercial sectors, companies had begun to recover some of the margins lost during the pandemic and low levels of activity. There is a slight rebound in profitability, but the recovery in solvency levels is more marked ”, commented, to the relief of many, its CEO, Federico Bove.
Perhaps because one in four porteños are elderly people, the Secretary for Global Welfare of the City of Buenos Aires, together with Pensar en Grande of Endeavor Uruguay, IDB Lab and Xeniors, have joined forces to develop programs around the Silver Generation and the silver economy, one of the most dynamics of recent years. . People over 60 represent about 40% of world consumption. And currently more than 12% of the world’s population is 60 or older. Latin America is one of the fastest aging regions. Speaking of Argentina, it has been stated that 38% of over 60s say they have enough income for old age, want to keep their mind and body active to ensure financial independence, and 84% try to study and learn new topics to update. “This is a pool of opportunities for companies,” he said.
GETTA is a start up born in Córdoba from the hand of Mariano Aguirre who found a gold mine in the development of the so-called mystery shopping, or mystery shoppers that are a tool to improve the attention and sales of all types of businesses. Their “mystery shoppers” are people trained but who take the business as a second job, in freelance mode, in which they pay per completed mission and have total flexibility of hours. The activity that was born in the 40s in the USA The role of the mystery shopper is to go around the shops asking for the specifications of the products and their prices.
At the CEO conference organized every year by Mañana Profesional, Carlos García, of the Victoria Capital fund which owns, among others, the Los Grobo group: “We are immersed in uncertainty and we do not know what the implications of health or geopolitical issues will be. Uncertainty makes business more difficult than it was two years ago. Argentina presents us with a huge challenge to justify an investment. These are moments that can offer opportunities, but they require seriousness and prudence. “Jean-Noël Divet, CEO of L’Oréal Argentina, commented that” during the quarantine, the more than 120,000 hairdressers in the country were deeply affected. Not all industries have been able to easily switch to a virtual work model. We need physical work and face-to-face work in order to continue. The pandemic presented us with a huge challenge. “The most optimistic was Teddy Karagozian, of TN Platex. In his vision,” The context in which we find ourselves discourages entrepreneurs from investing, but we understand that in Argentina the demand for our goods are about to explode: from the mines, from the waters of our lands, and this will generate the need to produce and increase the wealth of the country “.
With an investment of $ 200 million and the illusion of a record season as crept for the reserves, Cerro Bayo is back in motion. The earth and sky center in La Angostura belong to Pablo Torres García and Eduardo Cohen. This season they added three snow cannons, for a total of six. This artificial snowmaking option that is achieved only with water and machinery with a lot of pressure, which when vaporized and with temperatures below zero, become snow that allows you to reinforce the natural snow to start earlier and extend the end of the season.
Silvia Naishtat
Source: Clarin