500,000 Google Searches Per Hour For Latin America Real Estate

Real estate buyers in Latin America are ditching the clasificados and the neighborhood¬†inmobiliaria when it comes time to search for property, according to a new report from Google Argentina. Buyers are increasingly more “digital”, said the company’s New Business Development Manager in a presentation yesterday at Montevideo’s World Trade Center. He pointed to the high Internet penetration rates in Latin …

Bid Process Opens For New Buenos Aires Convention Center

Convention and expo tourism in Buenos Aires has surged in recent years, so the city’s newest urban development project should be a magnet for attracting more international trade and industry expos. The City of Buenos Aires will open a bid process before the end of the year for the construction of a new 200,000 square foot (19,000 m2) Convention and …

Buenos Aires Parking Rates Approaching US$300 Monthly

Two years ago we posed the question, Who Wants To Be A Buenos Aires Parking Lot Millionaire?¬† Turns out it was no joke. ¬† Buenos Aires parking rates are soaring as private lot owners raise rates only six months after another double-digit increase earlier this year. Garages Are Charging Up To $1,700 Pesos For A Monthly Parking Space is the …

Finland’s UPM Boosting Production At Uruguay Pulp Mill

2013 will be another record year for Uruguay timber farm production and exports, and the country’s largest pulp mill won approval this week from the federal government to ramp up production. The UPM plant in Fray Bentos, currently authorized to produce 1.1 million tons per year, requested authorization to raise production to 1.3 million tons. After negotiations this week with …

Foreign Companies Leaving Argentina Across All Sectors

It’s one thing when the French maker of $500 shoes and $2,000 handbags leaves town citing an inability to compete and quite another thing when it’s a discount appliance retailer serving working class consumers with little or no credit. The retailer, Mexico’s Grupo Elektra, announced plans to leave Argentina with a press release citing “currency controls, import and export restrictions …