May 23rd, 2025
1. La Libertad Avanza, led by Manuel Adorni, won the elections in the Autonomous City of Buenos Aires
Last Sunday, May 18, the Legislative Elections 2025 of the Autonomous City of Buenos Aires took place, where 17 political forces were qualified to vote and achieve the replacement of 30 seats. Manuel Adorni obtained the highest number of votes with 30.13%, followed by Leandro Santoro with 27.35% and Silvia Lospennato with 15.92%. Thus, 11 candidates of Manuel Adorni, 10 of Leandro Santoro and five of Silvia Lospennato, as the three main forces, will be elected on December 10. These elections were characterized as being among the lowest in terms of citizen participation, with an attendance of 53.35% of the authorized roll.
La Nación: Quién ganó las Elecciones 2025 en la Ciudad de Buenos Aires
2. Javier Milei at AmCham Summit 2025
At the AmCham Summit 2025, President Milei presented Argentina as an attractive business case, highlighting the generation of flows, low fiscal pressure and sustained growth, all based on solid theories of economic growth and productivity. He stressed the importance of human capital and the structural reforms implemented, significantly surpassing those of previous administrations, focusing on economic deregulation and the strengthening of economic freedom. Milei highlighted the achievement of fiscal balance after decades of deficit, the reduction of public spending, the elimination of taxes and the reorganization of the Central Bank. He promoted the Incentive Regime for Large Investments (RIGI) as a guarantee of legal certainty to attract strategic investments and projected a per capita GDP growth of 4% per year, driven by investment, savings and the defense of private property. In addition, he anticipated the containment of inflation and long-term credit enabling, with a vision of a smaller State and a stronger private sector.
3. The government announced the “Plan de Reparación Histórica de los Ahorros de los Argentinos”
The Government finally announced this Thursday the details of the so-called “Plan de Reparación Histórica de los Ahorros de los Argentinos.” The presidential spokesman, Manuel Adorni, together with the Minister of Economy, Luis Caputo, and the heads of BCRA and ARCA, announced the new regime that seeks to facilitate the use of those foreign currencies that are outside the system without going through the current controls. The head of ARCA, Juan Pazo, detailed the main changes in a press conference. These measures aim at facilitating the use of dollars saved outside the formal circuit and streamlining the financial follow-up for individuals. Among the key changes is the repeal of the reporting regime for purchases made with debit cards, credit cards and virtual wallets for personal use, which means that card companies will no longer need to report these purchases to ARCA. In addition, notaries will no longer have to report transactions, and information on expense payments, property sales and consumption of utilities such as water, gas and telephone will be discontinued. Likewise, he announced a New Simplified Income Tax Regime and the submission to the Argentine Congress of a bill to protect Argentine savers in the event of possible changes of government.
El Cronista: El Gobierno anunció el “Plan de Reparación Histórica de los Ahorros de los Argentinos”
4. The Government limited the right to strike by decree
Through a decree that seeks to regulate the operation of the merchant marine, the Government decided to go back to its goal of limiting the right to strike. Now, by means of DNU 340/25, which bears the signature of a large part of the Cabinet, the Executive decided to expand the activities considered essential, incorporating the transportation of cargo and people, education and telecommunications services, and imposed on them the obligation to guarantee the provision of 75% of the services in the event of a strike.
5. LLA and PRO could run together in the elections of the Province of Buenos Aires
Cristian Ritondo, National Deputy for the Province of Buenos Aires and President of the PRO block in Deputies, confirmed that there is the possibility of an agreement between PRO and La Libertad Avanza (LLA) in the legislative elections of the Province of Buenos Aires. Ritondo highlighted that they are working to achieve an alternative that will give the people of Buenos Aires the possibility of changing the course of the province. Although he did not give specific details on the form this agreement would take, his confirmation reinforces the idea of a convergence between both political forces in the Buenos Aires territory, driven in part by the analysis of the electoral results in the City of Buenos Aires and the solid triumph of LLA.
Ámbito Financiero: En línea con Javier Milei, Cristian Ritondo ratificó la posibilidad de un acuerdo entre PRO y La Libertad Avanza en la provincia de Buenos Aires