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©Reuters. Entrepreneurs ratify their investment commitment in Argentina despite difficulties
Buenos Aires, Oct 12 (.).- Entrepreneurs from various sectors ratified this Wednesday their investment commitment in Argentina despite the recurrent crises and the serious macroeconomic difficulties that the South American country is going through.
“The performance of our economy in recent decades has been very bad. It is not easy not to see the crises we have experienced. It is clear that we are in very bad times, but that does not make us a failure,” said the businessman and mathematician Argentine Sebastián Ceria on the opening day of the 58th Colloquium of the Institute for Business Development of Argentina (IDEA).
Ceria, president of the Fundar foundation and executive director of the Qontigo company, asked businessmen to be “optimistic” about the future of Argentina, where, he assured, there are many “success stories.”
“There are not many cases in the world, and even less so in developing countries, that have been able to have more than ten ‘unicorns’ (companies valued at more than 1,000 million dollars),” said Ceria at the business meeting, one of the most traditional in the country.
Roberto Murchison, president of IDEA and the Murchison Group, pointed out that among those who are committed to Argentina there is in common a “mixture of not looking at the short term”, an awareness of being Argentines and the conviction of not stopping investing “to stay in the play”.
INVEST DESPITE VOLATILITY
For his part, businessman Luis Pérez Companc pointed out that, to decide to make an investment in the country, “one forgets the Argentina variable” and does not question whether or not one should continue doing business in the country.
“We seek to help our country and, from that position, it is where we make investment decisions,” said Pérez Companc, president of Molinos, Molinos Agro, Pecom and Goyaike, companies of the Pérez Companc Group, a conglomerate that employs 10,000 people.
At a time when some Argentine businessmen have chosen to settle in Uruguay, Pérez Companc assured that he and his entire family intend to continue living in Argentina.
Meanwhile, Carolina Castro, director of Industrias Guidi, said that there is “a modern Argentina, inserted in global production chains, that exports and that today has a consolidated position in the business market that, in order to be sustained, requires continued investment” .
“Despite the volatility, if we do not invest it is ‘game over’ (game over),” warned the businesswoman at the colloquium, which is being held in the Buenos Aires city of Mar del until this Friday.
BIG OPPORTUNITIES
The businessmen agreed in pointing to the knowledge economy, agribusiness, lithium and the incipient massive development of the colossal formation of unconventional hydrocarbons in Vaca Muerta as the activities that put Argentina on the “world map” with respect to the large business opportunities.
“Objectively, in Argentina there are fantastic opportunities to grow,” said Marcos Bulgheroni, executive director of the oil company Pan American Energy (PAE), which is, after the oil company YPF (BA:), the private company that invests the most in Argentina, to rate of 1,200 million dollars annually in the last five years.
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