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New Year’s Resolution: Drink More…Malbec That Is

On December 31, 2009, In lifestyle, uruguay, wine & vineyards, by InvestBA
The Wall Street Journal examines the meteoric rise in Argentine malbec's popularity.

The Wall Street Journal examines the meteoric rise in Argentine malbec's popularity.

With 2010 only hours away, it’s time to start making some serious resolutions for the New Year. But rather than the usual “Lose Weight, Save Money, Join A Gym” jibberish, why not make a resolution you will actually stick to. “Why“ you might ask? Because #1) It’s delicious, #2) It’s good for your health, and #3) It’s good for your wallet. Give up? Drink More Malbec. Anyone who has tasted a good malbec understands #1, no less an authority than The Mayo Clinic validates #2, and the Wall Street Journal recently explained #3: Good Argentine malbecs only taste expensive. To prove it, The Journal’s wine experts sampled over 50 reasonably priced malbecs and shared The Best of the Best with readers online. (Click the adjacent image to watch the video) The top selection was the Altos Las Hormigas Malbec which they described as “tasting true, earthy, authentic, with nice acidity…and it’s only $10.99, so they’re basically giving it away.” And with the ongoing recession, that partially explains the meteoric rise of malbec and Argentina’s ascension to the #4 exporter of wine to the U.S. “These days we’re all looking for a good $10 bottle,” says the Journal’s John Brecher, “these are them.” After ALH, other top picks included Trapiche and Achaval Ferrer. So there you have it…compliments of Argentina, a New Year’s Resolution you will finally enjoy throughout 2010…and beyond!

Salud & Happy New Year from InvestBA!

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Cambiasso…The World’s Greatest Polo Player

On December 30, 2009, In arts & entertainment, competitiveness, lifestyle, visionaries, by InvestBA

Cambiasso (right) leading his side to victory in last month's Polo Championship in BA (La Nacion)

Cambiasso (right) leading his side to victory in last month's Polo Championship in BA

Jordan. Brady. Tiger. It’s a short list of professional athletes who reach the pinnacle of their respective sports and become so famous (or infamous depending on your personal loyalty), fans simply refer to them by one name. If polo has a seat at that table of sporting legends, Cambiasso would be another name to add to the list. La Nación sits down for a candid interview with the world’s greatest polo player who just led his side to victory in the Argentina Polo Open Championship. Cambiasso travels like a rock star: four months in Argentina, four months in the U.S. and four months in Great Britain with stables of 20 horses in each destination. Having come from modest means, he bristles at the notion that polo is only for the wealthy. “In the interior of the country, the people that play polo don’t have money. In the interior, if you go to Cordoba, Salta, Mendoza, you will find there are many places where people play ‘country polo.’ They have their horses and nothing else. Now they’re not polo horses, but they play anyway.” And while Nacho Figueras comes across as an outgoing ambassador of polo, this interview shows Cambiasso to be a very private individual who loathes travel and public interaction. He prefers to be in Buenos Aires or up in Cordoba raising his horses, although he says that has its challenges too: “People think you make a lot of money selling horses, but I haven’t made that much. If I raise a good horse, I want to keep it.” (Full interview)

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Pinamar: A Model For Sustainability in BA

On December 28, 2009, In entrepreneurs, tourism, by InvestBA
An aerial view of Pinamar, one of the most popular destinations along the Tango Coast. (Julia Sapienza)

An aerial view of Pinamar, one of the most popular destinations along the Tango Coast. (Julia Sapienza)

In January, when work slows and temperatures soar, the annual exodus of Buenos Aires families to the surrounding coastlines in Argentina and Uruguay kicks into high gear. And of the many seaside towns that make up Argentina’s portion of the Tango Coast, Pinamar is one of the more popular destinations. Pinamar has over 12,000 accommodations scattered among hotels, apartments and condominiums, while many private residences are available for rent during the peak summer months of January and February. Reservations are up over last year, according to Pinamar Director of Tourism Rosa Boero, thanks to competitive pricing: four-star hotels can be found for under $200/night while a good steak dinner for two with a bottle of malbec costs about $30. Looking ahead to next summer, low prices won’t be the only attraction in Pinamar. According to Borneo, Pinamar will embark on an ambitious coastal conservation program in April that will involve tearing down all existing City-owned public beach facilities and replacing them with environmentally-friendly structures. The Coastal Revnovation Plan is a first in a country where sustainability has lagged but is beginning to creep into public consciousness. One local envionrmental group, ProCostas, believes the Pinamar project can be a model for other towns along the Tango Coast. (Full PDF Report, Spanish)

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Wind Energy Has “Massive Potential” in BA

On December 25, 2009, In energy & agriculture, foreign investment, by InvestBA
Old wind farm near El Chalten, Argentina. A new generation of wind farms holds "massive potential."

Old wind farm near El Chalten, Argentina. A new generation of wind farms holds "massive potential."

The Christmas holiday is a great time to be in Buenos Aires: Papa Noel sightings, colorful holiday decorations and gallerias packed with last-minute shoppers. And while the sights and sounds are memorable, it’s usually the smells that leave the most lasting impression on first-timers and foreign visitors. No matter where you are, the smoldering remnants from millions of lit fireworks on Christmas Eve and the more pleasant aromas of assorted meats grilling in backyard parrillas confirm two important things: 1.) Argentines love a good party, and 2.) There’s no shortage of stiff breezes in BA. The frequency and velocity of winds in Buenos Aires province and other regions of Argentina are the subject of John Kennedy’s column in Renewable Energy World.com.  Kennedy says there is “massive potential” for wind energy generation in Argentina; “yet wind only contributes a minuscule 0.21% to the energy mix, with a total of 30 MW installed.” This is a missed opportunity considering average annual wind speeds in many parts of the country—including Buenos Aires province—are up in the 20-30 mile-per-hour range. While some anti-wind government barriers were enacted over the past decade, officials are beginning to take a more pro-wind posture: a new, more ambitious target aims for 8% wind contribution to the energy mix by 2016. Kennedy suggests keeping an eye on three private sector players all involved with wind farms and turbines in various stages of development: NRG Patagonia, IMPSA Wind and INVAP.  (Full article)

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