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Economy And Business - Corporate associations and banks


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Economy And Business, November 10, 2008

Corporate associations and banks

Banks

Argentina’s Central Bank is the country’s main banking and financial organization. It offers fully updated information on public and private banks, exchange houses, reciprocal covenant organizations, financial houses, and trust funds nationwide.  The Central Bank stands as a state’s autarkic organization, whose prime and fundamental mission is to preserve the value of the currency. The framing and implementation of currency and financial policies is not subject to the Executive’s orders, indications or instructions.

Argentina’s National Bank is the main public banking organization which promotes and supports foreign trade, and especially, encourages the export of Argentine goods, services and technology. The BICE (Investment and Foreign Trade Bank) is a second-level public bank which offers mid and long-term loans aimed at productive investment and foreign trade.

Companies

Argentina’s three main enterprise associations are: the UIA (Argentine Industrial Association), the AEA (Argentine Enterprise Association) and the CGE (General Confederation of Economy). Each of them groups different enterprise branches together according to size: multinationals, big Argentine corporations and small and medium companies. Furthermore, company categories are classified under regional and national chambers which aim at fostering commercial links abroad.


Argentina´s Productive and Scientific Development
Is one of the central points of the strategy of scientific development, and also of the productive development in Argentina. Companies with technological foundations generate investigation and products, known all around the world.
Biofuel production is experiencing a steady growth due to the fact that companies have adopted an exporting role, which holds out the prospect of a promising future for Argentina considering the world’s increasing demand for renewable energy.
Hand in hand with this State Society, Argentina exports nuclear reactors, satellites and medical equipment to the rest of the world. It represents the latest technology completely designed and developed in our country.
At present, the scientific tradition in the country gives way to the possibility of developing important research in nanotechnology and also to many local companies the use of this technique to manufacture innovative products.
The eolic energy production in Argentina has grown remarkably due to the construction of major eolic Parks, which primarily rely on energy-rich Patagonian winds in order to generate renewable energy.

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