One big change will be the removal of all rules between tenant and landlord, such as laws putting a cap on rental increases.
In recent years, landlords have increasingly priced their properties in US dollars to avoid being stuck with rental income long overtaken by soaring inflation. This has been a nightmare for renters in a country where access to dollars has been strictly controlled. The deregulation will now make charging rent in dollars legal.
View attachment 604519
Supporters of Argentina's incoming President Javier Milei gather outside the Congress prior to his swearing-in ceremony in Buenos Aires, 10 December 2023AP Photo/Gustavo Garello
Milei has also loosened labour laws, with the trial period for new employees going from three to eight months. Compensation laws for dismissal without cause have been modified in favour of companies and he plans to renegotiate labour agreements in force since 1975.
He also scrapped limits on exports and said the internet market will be liberalised.
Milei also ditched rules preventing the privatisation of state enterprises and has already set his sights on national airline Aerolineas Argentinas and oil company YPF, while namedropping Elon Musk's Starlink as the company meant to take over the country's satellite system, ARSAT.
He also moved to limit the right to strike, which is enshrined in the constitution.
Additionally, he moved to strike all subsidies to the public transportation company, which might see an immediate ten-fold increase in ticket prices in one of the most urbanised countries in the world.
Just days after taking office, and on the eve of the festive holidays, Milei presented his DNU, or "necessary and urgent" decree to loosen some of the rules governing the country's economy as annual inflation hit 160%.
www.euronews.com
