US Chamber of Commerce CEO: “The World Needs More Uruguay”

[soliloquy id=”19642″] Those were the powerful words of U.S. Chamber of Commerce President and CEO Thomas J. Donohue in his formal introduction of Uruguay President Jose Mujica earlier today in Washington.¬† Before U.S. Businessmen, Mujica Sold Uruguay As A Country To Live and Invest is how the local papers are summarizing the president’s 36-minute presentation this morning at the U.S. …

Express Boom Rapidly Changing Buenos Aires Supermarket Landscape

Hundreds of Asian-owned Buenos Aires supermarkets are closing¬†now that multinational giants like Carrefour and Walmart are blanketing BA barrios with their own “express” markets. “Around 400 super chinos closed last year alone and 1,100 jobs disappeared. The expansion of the large chains under the express model siphoned off a lot of our customers which hurt the profitability of our business,” …

Retailers & Hotel Chains Rushing To “The Saudi Arabia Of Patagonia”

Carrefour, Coto, Jumbo, La Anonima and Walmart. Only one city in Argentina is home to all five major supermarket chains, and it’s not Buenos Aires, Cordoba or even Rosario. It’s the Patagonia capital city of Neuquen which is ground cero for Argentina’s nascent shale oil boom. “Neuquen Comes To Life At The Hands Of Vaca Muerta” is the headline of …

US$2 Billion Highway Tunnel Below Puerto Madero Could Open In 2016

A proposed highway tunnel below Puerto Madero could bridge northern and southern auto corridors, alleviate downtown Buenos Aires traffic and spark a new wave of downtown real estate development. If approved, boring machines could begin carving the 2.5 kilometer underground tunnel this year which would connect three major downtown highways by mid-2016 if the project receives both municipal and federal …

Starwood Hotels Targets High Growth Opportunities In Latin America

Starwood Hotels sees a futuro brillante in Latin America and today used the high-profile platform of the World Economic Forum in Panama to share their bullish outlook for LatAm tourism growth and future investment. “With sustained GDP growth, a stable influx of foreign direct investment to high-growth markets, and a fast-rising middle class, Latin America continues to be a region …