THE ARGENTINE EMBASSY IN THE UNITED KINGDOM ECONOMIC & COMMERCIAL SECTION 65 Brook St. London W1K 4AH Tel: 020 7318-1300 Fax: 020 7318-1301
[email protected] www.argentine-embassy-uk.org NEWSLETTER SEPTEMBER 2006 Content ARGENTINE ECONOMIC OVERVIEW *Extracts from the statement made by Dr. Néstor Kirchner, President of the Argentine Republic, at the United Nations General Assembly (New York, 20 th of September 2006) *Extracts from the statement made by the Argentine Minister of Economy and Production, Felisa Miceli, at the IMF´s International Monetary and Financial Committee (Singapore, 17 th of September 2006) FINANCIAL SECTOR *New placement of dollar bond by the Argentine government ARGENTINE TRADE INVESTMENTS IN ARGENTINA *Occidental Petroleum to double oil production in Argentina *Wal-Mart to invest US$ 150 million in new stores *Avex Company to invest US$ 44 million in chicken production *Peugeot-Citroen to invest US$ 20 million in auto parts production *Mosaic Company invested US$ 20 million in a fertilizer plant *Real estate development Company to invest US$ 26.5 million in a shopping centre *Peruvian Group invests US$ 19 million in the milk sector *French investments in the food industry *Pacheco Pereda´s wines have a new owner NEWS *The Argentine economy grew 9.1% in July 2006 *Industrial activity grew by 7.2% in August 2006 *Primary fiscal surplus of 2.2bn pesos (US$ 712 million) in August 2006 *Tax collection rose by 26.9% in August 2006 *Consumer prices index (CPI) increased by 0.6% in August 2006 *International