Introduces stimulus measures for employment and manufacturing

On 7 August 2014, the president of Argentina announced an increase in salary subsidies under the Programa de Recuperación Productiva (Repro, the Productive Recovery Programme), which had been established in 2009. Monthly subsidies under the programme will be increased from 1,500 to 2,000 Argentine pesos per employee and will be extended for a year. The president also launched Plan ProEmplear, a new plan which will provide monthly subsidies of 2,000 Argentine pesos to young people while they are in factory apprenticeships. If they are subsequently hired, their employers will receive annual subsidies of up to 2,700 Argentine pesos per worker. In conjunction with these measures, the Government introduced a subsidised credit line to fund the renewal of the fleet of short-distance buses.

• Type:

  • Treatment and operation (Labor regulation)
  • Promotion and facilitation (Investment incentives)

• Industry:

  • Not industry specific

• Sources:

  • Ministerio de Trabajo, Empleo y Seguridad Social, PROEMPLEAR, una herramienta para la defensa del trabajo, http://www.trabajo.gov.ar/ampliado.asp?id_nvd=1989, 07 Aug 2014
  • EIU, Stimulus measures are announced, http://viewswire.eiu.com/index.asp?layout=VWArticleVW3&article_id=542156838®ion_id=&country_id=1470000147&channel_id=190004019&category_id=&refm=vwCh&page_title=Article, 08 Aug 2014
  • La Nación, Cristina Kirchner anunció un plan de empleo y relanzó el Cedin, http://www.lanacion.com.ar/1716570-cristina-kirchner-hablara-por-cadena-nacional-y-se-esperan-anuncios-economicos, 07 Aug 2014