{"id":8832,"date":"2025-08-12T18:22:02","date_gmt":"2025-08-12T21:22:02","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=8832"},"modified":"2025-08-12T18:22:03","modified_gmt":"2025-08-12T21:22:03","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c08%ec%9b%94-12%ec%9d%bc","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=8832","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(08\uc6d4 12\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

\uc624\ub298\uc758 \uacbd\uc81c<\/p>\n\n\n\n

    \n
  1. YPF \uc7ac\ud310\uc758 \uc911\uc694\ud55c \ub0a0
    \ub274\uc695 \uc81c2\ud56d\uc18c\ubc95\uc6d0\uc740 \uc624\ub298 YPF \uc8fc\uc2dd 51%\ub97c \uc778\ub3c4\ud558\ub77c\uace0 \ud310\uacb0\ud55c \ud504\ub808\uc2a4\uce74 \ud310\uc0ac\uc758 1\uc2ec\uc5d0 \ub300\ud574 \ud310\ub2e8\ud55c\ub2e4.
    \ubc95\uc6d0\uc740 \ud604\uc7ac \uc778\ub3c4 \uc911\uc9c0 \uc0c1\ud0dc\ub97c \uc720\uc9c0\ud560\uc9c0, \ud574\uc81c\ud558\uac70\ub098 \uc544\ub2c8\uba74 \uc544\ub974\ud5e8\ud2f0\ub098 \uc815\ubd80\uc5d0 \uc0c8\ub85c\uc6b4 \ubcf4\uc99d\uc744 \uc694\uad6c\ud560\uc9c0\ub97c \uacb0\uc815\ud55c\ub2e4.
    \uc9c0\ub09c 6\uc6d4 30\uc77c \ud504\ub808\uc2a4\uce74 \ub274\uc695 \ub0a8\ubd80 \uc9c0\ubc29\ubc95\uc6d0 \ud310\uc0ac\ub294 \ubc84\ud3ec\ub4dc \uce90\ud53c\ud0c8\uacfc \uc774\ud2bc \ud30c\ud06c \ud380\ub4dc\uc5d0 \ub300\ud574 \uc544\ub974\ud5e8\ud2f0\ub098\uac00 161\uc5b5 \ub2ec\ub7ec\uc640 \uc774\uc790\ub97c \ub354\ud55c \ubcf4\uc0c1\uae08\uc758 \uc77c\ubd80\ub85c \uc8fc\uc2dd\uc744 \uc591\ub3c4\ud558\ub77c\uace0 \ud310\uacb0\ud588\uc5c8\ub2e4.
    \uc544\ub974\ud5e8\ud2f0\ub098\uce21 \ubcc0\ud638\uc0ac\ub4e4\uc740 \ud56d\uc18c\ud558\uc5ec, \ud56d\uc18c\uc2ec\uc774 \uc9c4\ud589\ub418\ub294 \ub3d9\uc548 \uc77c\uc2dc\uc801 \uc8fc\uc2dd \uc591\ub3c4 \uc911\ub2e8 \uacb0\uc815\uc744 \ubc1b\uc558\ub2e4.
    \ud604\uc7ac \uc544\ub974\ud5e8\ud2f0\ub098\ub294 \ub450\uac00\uc9c0 \uc7ac\ud310\uc744 \ubc1b\uace0\uc788\ub2e4.
    \ud558\ub098\ub294 \ubcf4\uc0c1\uae08 \uc9c0\uae09 \ubb38\uc81c\uc774\uace0, \ub2e4\ub978 \ud558\ub098\ub294 \uc8fc\uc2dd \uc591\ub3c4 \ud310\uacb0\uc5d0 \ub300\ud55c \uac83\uc774\ub2e4.
    \uc544\ub974\ud5e8\ud2f0\ub098\uce21 \ubcc0\ud638\uc0ac\ub4e4\uc740 \ud504\ub808\uc2a4\uce74 \ud310\uc0ac\uac00 \uad00\ud560\uad8c\uc744 \ub118\uc5b4\uc120 \ud310\uacb0\uc744 \ub0b4\ub838\ub2e4\uace0 \uc8fc\uc7a5\ud558\uace0 \uc788\ub2e4.
    \uc65c\ub0d0\ud558\uba74 YPF \uc8fc\uc2dd\uc740 \uc790\uc0b0\uae30\uae08\uc5d0 \ub4f1\ub85d\ub418\uc5b4 \uc788\uace0, \uc591\ub3c4\ud560 \uacbd\uc6b0, \uc758\ud68c\uc758 \uacfc\ubc18\uc218 \ucc2c\uc131\uc774 \ud544\uc694\ud558\uae30 \ub54c\ubb38\uc774\ub2e4.
    \ubcc0\ud638\uc0ac\ub4e4\uc740 \ud56d\uc18c\uc7a5\uc5d0 \ubd84\uc7c1\uc758 \ud655\uc2e4\ud55c \ud310\uacb0 \uc804\uc5d0 \uc8fc\uc2dd\uc744 \uc591\ub3c4\ud55c\ub2e4\uba74, ‘\ud68c\ubcf5\ud560 \uc218 \uc5c6\ub294 \uacb0\uacfc’\ub97c \ucd08\ub798\ud55c\ub2e4\uba74\uc11c, \uc774\ubbf8 \uc9c0\ub098\uac04 \uc77c\uc744 \ub3cc\uc774\ud0ac \uc218 \uc5c6\uae30 \ub54c\ubb38\uc774\ub77c\uace0 \uc8fc\uc7a5\ud588\ub2e4.<\/li>\n\n\n\n
  2. \ub610 \ud558\ub77d\ud55c \ub2ec\ub7ec \ud658\uc728
    \ub3c4\ub9e4\ud658\uc728\uc740 \uc6d4\uc694\uc77c 1,322 \ud398\uc18c\ub85c 7\uac70\ub798\uc77c \uc5f0\uc18d \ud558\ub77d\ud588\uace0, \uae08\ub9ac\ub294 \uc5f0 40%\uac00 \ub118\uace0\uc788\ub2e4.
    \uc7ac\ubb34\uccad\uc740 \uc774\ubc88\uc8fc \ud398\uc18c \ucc44\uad8c \uc785\ucc30\uc744 \uc2e4\uc2dc\ud560 \uc608\uc815\uc774\uba70, \uae08\ub9ac\ub294 \uc5f0 \uc57d 45%\ub85c \uc720\uc9c0\ub418\uc5b4 \ud658\uc728 \ud558\ub77d\uc5d0 \uc555\ub825\uc744 \uac00\ud588\ub2e4.
    \uc2dc\uc7a5 \uad00\uacc4\uc790\ub4e4\uc740 LECAP S15G5 \ub9cc\uae30 \uc774\ud6c4, \uae08\uc735\uae30\uad00\ub4e4\uc774 \uc720\ub3d9\uc131\uc744 \ub418\ucc3e\uace0 \uae08\ub9ac\uac00 30% \uc120\uc73c\ub85c \ud558\ub77d\ud560 \uac83\uc73c\ub85c \uae30\ub300\ud558\uace0\uc788\ub2e4.
    MEP \ud658\uc728\uc740 1,324.65 \ud398\uc18c,
    CCL \ud658\uc728\uc740 1,328.62 \ud398\uc18c\ub85c \ub9c8\uac10\ud588\ub2e4.
    \uc120\ubb3c\ud658\uc728\uc740 \ub300\ubd80\ubd84 \uc0c1\uc2b9\ud588\uace0, 8\uc6d4 \ub9d0\uc740 1,356 \ud398\uc18c, 12\uc6d4 \ub9d0\uc740 1,506 \ud398\uc18c\ub85c \uac70\ub798\ub410\ub2e4.
    \uc678\ud658\ubcf4\uc720\uc561\uc740 1\uc5b5 3800\ub9cc \ub2ec\ub7ec\uac00 \uac10\uc18c\ud55c 419\uc5b5 7600\ub9cc \ub2ec\ub7ec\ub97c \uae30\ub85d\ud588\ub2e4.
    \ub18d\uc5c5\uacc4\uc758 \ud658\uc804\uc740 4\uc5b5 290\ub9cc \ub2ec\ub7ec\ub85c, 7\uc6d4 \ud3c9\uade0\ubcf4\ub2e4\ub294 \uc57d\uac04 \ub192\uc558\ub2e4.<\/li>\n\n\n\n
  3. \uc785\ucc30\uc758 \uc0c8\ub85c\uc6b4 \uc804\ub7b5
    \ubcf5\uc7a1\ud55c \uae08\uc735 \ud658\uacbd \uc18d\uc5d0\uc11c \uacbd\uc81c\ubd80\ub294 \uc6d4\uc694\uc77c \uccab \ucc44\uad8c \uc785\ucc30\uc744 \uc2dc\uc791\ud574 8\uc6d4\uc5d0 \ub9cc\uae30\uac00 \ub3cc\uc544\uc624\ub294 23\uc870 \ud398\uc18c \uc790\uae08\uc870\ub2ec\uc5d0 \ub098\uc130\ub2e4.
    \ub208\uc55e\uc758 \ubaa9\ud45c\ub294 \ub2e8\uae30 \ucc44\uad8c \ubc1c\ud589\uc744 \uc81c\ud55c\ud558\uba74\uc11c \uac70\uc758 15\uc870\uc5d0 \ub2ec\ud558\ub294 \uc790\uae08\uc870\ub2ec\uc774\ub2e4.
    \uc7ac\ubb34\uccad\uc740 \uc774\ubc88 \uc785\ucc30\uc5d0\uc11c 50% \uc774\ud558\uc758 \uc561\uc218\ub97c 1\uac1c\uc6d4 \ubbf8\ub9cc \ucc44\uad8c\uc5d0 \ubc30\uc815\ud588\ub2e4.
    \uc7ac\ubb34\uccad\uc740 8\uc6d4 13\uc77c \uc218\uc694\uc77c \uc785\ucc30\uc744 \uc2e4\uc2dc\ud558\uba70, 8\uc6d4 18\uc77c \ub9cc\uae30\uc778 LECAP S15G5 \ucc44\uad8c\uc740, 8\uc6d4 15\uc77c \ud734\uc77c\ub85c \uc778\ud574 \uac19\uc740 \ub0a0 \uac31\uc2e0\uc744 \uc2dc\ub3c4\ud55c\ub2e4.
    \uadf8\ub9ac\uace0 8\uc6d4 29\uc77c LECAP\uacfc 10\uc6d4 17\uc77c BONCAP\uc740 11\uc6d4 10\uc77c LECAP\uc73c\ub85c \ud1b5\ud569\ud55c\ub2e4.
    \ub2ec\ub7ec \ucc44\uad8c\uc740 2026\ub144 2\uc6d4 15\uc77c \ub9cc\uae30\ub85c \ubc1c\ud589\ub418\ub294\ub370, \uadf8\ub54c\uc758 \uc120\ubb3c\ud658\uc728\uc774 \ubc34\ub4dc \uc0c1\ud55c\uc120\uc744 \ucd08\uacfc\ud558\ub294 \uc0c1\ud669\uc5d0\uc11c \ud22c\uc790\uac00\ub4e4\uc758 \uad00\uc2ec\uc744 \ub04c\uc218\uc788\ub2e4.<\/li>\n\n\n\n
  4. \uc591\ub3c4 \ubd88\uac00 \ucc44\uad8c \ud658\ub9e4
    \uacbd\uc81c\ubd80\ub294 IMF\uc640 \ud611\uc815\uc5d0 \ub530\ub77c \uc6d4\uc694\uc77c \uc911\uc559\uc740\ud589\uc774 \ubcf4\uc720\ud55c \uc591\ub3c4 \ubd88\uac00 \ucc44\uad8c 20\uc5b5 \ub2ec\ub7ec\ub97c \ud658\ub9e4\ud588\uc73c\uba70, \uc5ec\uae30\uc5d0 \uc9c0\ub09c\ubc88 IMF \ucc28\uad00 \uc77c\ubd80\ub97c \uc0ac\uc6a9\ud588\ub2e4.
    \uc774 \ucc44\uad8c\uc740 2024\ub144 \ubc1c\ud589\ud588\uace0 2029\ub144\uc774 \ub9cc\uae30\uc600\ub2e4.
    \uc7ac\ubb34\uccad\uc5d0 \ub530\ub974\uba74 \uc774 \ucc44\uad8c\uc740 \ucc44\ubb34\uc5d0\uc11c \uc0ac\ub77c\uc838, \uc911\uc559\uc740\ud589\uc758 \uc790\ubcf8\uae08\uacfc \uc678\ud658\ubcf4\uc720\uc561\uc744 \uac15\ud654\ud560 \uac83\uc774\ub2e4.
    \uc9c0\ub09c 5\uc6d4\uc5d0\ub3c4 \ube44\uc2b7\ud55c \ud658\ub9e4\uac00 \uc788\uc5c8\uc73c\uba70, \ucd1d \ubd80\ucc44 168\uc5b5 8600\ub9cc \ub2ec\ub7ec\ub97c \uc904\uc5ec\uc11c \uc911\uc559\uc740\ud589\uc758 \uc790\ubcf8 \uc0c1\ud0dc\ub97c \uac1c\uc120\ud588\ub2e4.
    \uc7ac\ubb34\uccad\uc5d0\uc11c \uc911\uc559\uc740\ud589\uc73c\ub85c \uc678\ud658 \uc774\uc804\uc740 \ucd1d \uc678\ud658\ubcf4\uc720\uc561 \uc218\uc900\uc744 \ubcc0\uacbd\ud558\uc9c0\ub294 \uc54a\uc9c0\ub9cc, \uc678\ud658\uc2dc\uc7a5 \uac1c\uc785\uc5d0 \uc0ac\uc6a9\ud560\uc218 \uc788\ub294 \ub2ec\ub7ec\uac00 \ub41c\ub2e4.<\/li>\n\n\n\n
  5. \uc2dc\uc7a5 \uc57d\uac04 \uc0c1\uc2b9
    \uc5b4\uc81c\ub294 \uad6d\uc81c\uc2dc\uc7a5\uc5d0\uc11c \uc2e0\ud765\uc2dc\uc7a5\uc5d0 \uc88b\uc740 \ub0a0\uc774\uc5c8\ub2e4.
    \ub2ec\ub7ec \ucc44\uad8c\uc740 \ucd5c\ub300 0.5% \uc0c1\uc2b9\ud588\uace0, Merval \uc9c0\uc218\ub294 \ud3c9\uade0 0.1%, \ucd5c\ub300 1.7% \uc0c1\uc2b9\uacfc \ucd5c\ub300 3%\ud558\ub77d\uc774 \uc788\uc5c8\ub2e4.
    ADR \ub300\ubd80\ubd84 \uc62c\ub790\uace0, \ucd5c\ub300 2.4% \uc0c1\uc2b9\ud588\ub2e4.<\/li>\n\n\n\n
  6. \uc0c8\ub85c\uc6b4 RIGI \uc2b9\uc778
    \uae4c\ubfcc\ub610 \uacbd\uc81c\uc7a5\uad00\uc740 2\uc5b5 5\ucc9c\ub9cc \ub2ec\ub7ec\uc758 RIGI (\ub300\uaddc\ubaa8\ud22c\uc790\uc778\uc13c\ud2f0\ube0c)\ub97c \ud655\uc815\ud588\ub2e4.
    \uc62c\ub77c\ubc14\ub9ac\uc544 \ud48d\ub825\ubc1c\uc804\uc18c \ud504\ub85c\uc81d\ud2b8\uc774\uba70, \uccab \ub2e8\uacc4\uc5d0\uc11c 180 \uba54\uac00\uc640\ud2b8 \uc124\uce58 \uc6a9\ub7c9\uc744 \uac74\uc124\ud574 \uc0b0\uc5c5 \uacf5\uc7a5\uc5d0 \uacf5\uae09\ud55c\ub2e4.
    \uc774\ubc88 \ud504\ub85c\uc81d\ud2b8\ub294 RIGI\uc758 7\ubc88\uc9f8 \uc2b9\uc778\uc774\ub2e4.<\/li>\n\n\n\n
  7. \ubbf8\uad6d \uc778\ud50c\ub808\uc774\uc158\uacfc \uae08\ub9ac\uc778\ud558 \uae30\ub300\uac10
    \ubbf8\uad6d\uc758 7\uc6d4 \uc778\ud50c\ub808\uc774\uc158\uc740 \uc5f0 2.7%\ub85c \ubc1c\ud45c\ub410\ub2e4.
    \uc774\ub294 \uc2dc\uc7a5\uc758 \uc608\uc0c1\uce58\ubcf4\ub2e4 \ub0ae\uc740 \uac83\uc774\ub2e4.
    \uadf8\ub7ec\ub098 \uadfc\uc6d0 \uc778\ud50c\ub808\uc774\uc158\uc740 \uc5f0 3.1%\ub85c \uc608\uc0c1\ubcf4\ub2e4 \ub192\uc558\ub2e4.
    \uc5f0\uc900\uc774 9\uc6d4 \uc774\uc0ac\ud68c\uc5d0\uc11c \uae08\ub9ac\uc778\ud558\ub97c \ub2e8\ud589\ud560 \ud655\ub960\uc740 \uc57d 93.3%\ub85c \ub192\uc544\uc84c\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    \uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":8833,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[23,25,61],"tags":[],"class_list":["post-8832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-noticias-argentina","category-informes-economicos"],"_links":{"self":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/8832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8832"}],"version-history":[{"count":0,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/8832\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/8833"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}