a few words ABOUT US Welcome to FORIND, a leading consultancy agency specializing in business internationalization. For years, we have helped commerce, industry, and institutions expand globally, adopt new technologies, and capture new market opportunities. Our mission is to bridge the gap between Italy and Argentina, driving commercial and institutional growth with a global perspective. We support entrepreneurs, executives, and professionals through effective solutions and an extensive network of global contacts. We provide reliable, real-time economic information to help you map out and execute winning business strategies. Thank you for visiting us.

information ITALY ECONOMIC INFORMATION: 2024 data, updated as of 05/02/2025, in billions of Euro Per capita income: 36,600.00 Inflation rate: 1.0% Unemployment rate: 6.2% Gross Domestic Product 2024: 2,192 GDP growth rate: +0.7% GDP growth forecast for 2025: 0.8% Value added tax: 21% Total imports: 5,785.00 Total exports: 6,235.00 Trade balance: 450.00 Total exports to Argentina: 1,019.01 Total imports from Argentina: 948.02 Trade balance with Argentina: 70.90 Foreign investment in Italy: 1,253.00 Italian investment abroad: 1,430.00 Argentine investment in Italy: n/a Italian investment in Argentina: 1,181.50 GENERAL INFORMATION: Customs formalities and travel documents: A passport is required; currency declaration is advisable for re-exports. Electricity: 220 V, 50 Hz Working days and hours: Offices: Monday to Friday 8:30-13:00; Shops: Monday to Saturday (some Sundays) 9:00-20:00, Banks; Monday to Friday 8:30-14:00 Holidays: January: New Year's Day, Epiphany Day; April: Liberation Day; May: Labor Day; June: Republic Day; August: 15 Assumption of the Virgin; November: 1 All Saints' Day; December: 8 Immaculate Conception, 25 Christmas, 26 St. Stephen's Day. No fixed date for holidays; Easter, Easter Monday. Currency: Euro (€) banknotes in denominations of 5.00; 10.00; 20.00; 50.00; 100.00; 200.00; 500.00 Euro Exchange rate: Euro (EUR - €) = Peso Argentino (ARS - $) Language: Italian Time zone: (vs. Argentina): +4 (winter time), +5 (summer time) International/local dialing code: Italy 0039, Aosta 0165, Bari 080, Cagliari 070, Florence 055, Milan 02, Naples 081, Palermo 091, Perugia 075, Reggio Calabria 0965, Turin 011, Venice 041. Distances in kilometers from Rome: Buenos Aires 11,145 km, Aosta 756 km, Bari 431 km, Cagliari 595 km (231 km by ferry), Florence 275 km, Milan 572 km km, Naples 226 km, Palermo 922 km (6.5 km by ferry), Perugia 172 km, Reggio Calabria 699 km, Turin 690 km, Venice 526 km. OTHER INFORMATION: Area 301,340 km², population 60,599,936. Capital Rome, area 1,287.36 km², population 2,873,589. Argentine community in Italy 9,030. Main cities Rome, Bologna, Florence, Genoa, Milan, Naples, Palermo, Turin. Administrative division into 110 provinces in 20 regions. The economy is based primarily on industry (mechanical, metallurgy, textiles, automotive, aerospace, railways, petrochemicals), construction and tourism (Italy has the largest cultural heritage protected by UNESCO), services and commerce (telecommunications, finance and insurance).

information ARGENTINA ECONOMIC INFORMATION: 2024 data, updated as of 05/02/2025, in billions of Euro Per capita GDP: 12,829.00 Inflation rate: 117.8% Unemployment rate: 6.4% Gross Domestic Product 2024: 584,208 GDP growth rate: -1.7% GDP growth forecast for 2025: 5.5% Value-added tax: 21% Total imports: 53,444 Total exports: 70,002 Trade balance: 16,558 Total imports from Italy: 1,019.01 Total exports to Italy: 948.02 Trade balance with Italy: -70.99 Foreign investments in Argentina: 9,006.00 Argentine investments abroad: n/a Italian investments in Argentina: 1,181.50 Argentine investments in Italy: n/a GENERAL INFORMATION: Customs formalities and travel documents: Passport required; a currency declaration is recommended for re-exportation. Electricity: 220 V, 50 Hz Business days and hours: Offices: Monday to Friday 9:00 am - 6:00 pm; Shops: Monday to Saturday 10:00 am - 8:00 pm; Banks: Monday to Friday 10:00 am - 3:00 pm (Buenos Aires); Holidays: January: New Year's Day; February: Carnival (16th and 17th); March: 23, 24 Day of Remembrance, Justice, and Truth; April: 2 fallen in the Malvinas, 3 Good Friday; May: 1 Labor Day, 25 May Revolution; June: 20 General Manuel Belgrano Day; July: 9 Independence Day; December: 7, 8 Immaculate Conception, 25 Christmas; transferable to the following Monday; August: 17, October; 12, November: 20. Currency: Argentine peso ($) notes in denominations of 10.00; 20.00; 50.00; 100.00; 200.00; 500.00; 1,000.00; 2,000.00; 10,000.00; 20.000,00 peso Exchange rate: Peso Argentino (ARS - $) = Euro (EUR - €) Language: Spanish Time zone (compared to Italy): -4 hours (with standard time), -5 hours (with daylight saving time) International/local dialing code: Argentina 0054, Buenos Aires 011, Cordoba 0351, Corrientes 0379, La Plata 0221, La Rioja 0380, Mendoza 0261, Rosario 0341, Salta 03870, San Miguel de Tucumán 0381, San Salvador de Jujuy 0388, Santa Fe 0342, Ushuaia 02901. Distances in kilometers from Buenos Aires: Rome 11,145 km, Cordoba 696 km, Corrientes 917 km, La Rioja 1,132 km, Mar del Plata 415 km, Mendoza 1,050 km, Rosario 300 km, Salta 1,463 km, San Miguel de Tucumán 1,248 km, San Salvador de Jujuy 1,492 km, Santa Fe 469 km, Ushuaia 3,078 km (4.4 km by ferry). OTHER INFORMATION: Area 2,780,403 km², population 44,044,811. Capital Buenos Aires, area 202 km², population 2,891,082. Italian community in Argentina 1.5 billion. Main cities: Buenos Aires, Córdoba, Mar del Plata, Mendoza, Rosario, Salta, San Miguel de Tucumán. Administrative divisions: Autonomous City of Buenos Aires and 23 provinces. Argentina's economy is based primarily on natural resources, with the mining sector being the most important thanks to the extraction of oil, gold, copper, and other minerals. Livestock farming, primarily cattle, and agriculture (soy, corn, and wheat) are the most important crops, followed by apples, pears, and other fruits. The metalworking and automotive industries are also highly developed.

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