Local Banks Investing Millions On Buenos Aires Office Space

At a time when Argentine companies have limited options regarding transferring profits abroad, two of Argentina’s largest banks are making major investments in Buenos Aires AAA office space. BBVA Banco Frances will invest US$220 million to acquire 23 floors in the recently announced Catalinas Norte project. Upon completion in 2015, the new 33-story office tower at the corner of Cordoba …

After Two Decades, US Opens The Door For Uruguay Citrus

July 9, 2013 will be remembered as a day of important victories for two teams in Uruguay: the Under-20 Football squad that beat Iraq to advance to the World Cup Finals, and the 15,000 Uruguay families who depend on citrus farming for their livelihood. Twenty years of negotiations between Uruguay and the US ended Tuesday with word that the US …

New Hotel-Friendly Law Gets Tough On Short-Term Rentals

Buenos Aires hotels have been losing ground and guests to owners of short-term apartment rentals ever since the 2001 financial crisis, but new legislation approved this week seeks to clamp down on alquileres temporarios and dramatically stem the turista tide. The new law will require those who own and rent four or more Buenos Aires short-term rental properties to, among other things, add …

Belgrano, Colegiales, Nuñez Top BA Barrio Economic Ranking

The Buenos Aires trio of Belgrano, Colegiales and Nunez (BCN) came out on top of a citywide ranking of BA barrios based on a variety of economic and quality of life factors. La Nacion’s annual household survey ranks neighborhoods from 1 to 10 on factors like education, employment, health care coverage and infrastructure. The residents of Comuna 13 which includes Belgrano, …

Small Investors Will Soon Own Shares Of Uruguay Wind Farms

The energy revolution is underway in Uruguay, and the benefits will soon extend beyond the small pool of large investors doing the bidding and building of one of the country’s main renewable energy drivers: wind farms. According to El Observador, the financial team at the state power company (UTE) is structuring an instrument that will allow small investors to participate …