Prudent & Consistent Uruguay Approaches Investment Grade

With the weekend media frenzy over debts and deficits, and the U.S. poised to join China, Belgium and Spain in the “Double-A” club, it’s refreshing to find a country that S&P is actually upgrading. From the Copa America to phenomenal tourism growth, Uruguay already has plenty to celebrate, and the country’s increasingly positive outlook has not been overlooked by the rating agencies. …

Pluna Airlines Posts Record Sales, Passenger Growth & Revenue

Uruguay’s national airline, Pluna, had nothing but positive news to share on yesterday’s earnings call from Montevideo. For the first six months of the year, the company posted record revenue, ticket sales and passenger growth. From January through June, Pluna ticket sales topped US$75 million, a 90% increase over 2010, while the number of tickets sold jumped 53% over the same …

Robert De Niro Looking To Purchase A Mendoza Vineyard

Jimmy Conway Cabernet? Travis Bickle Bonarda? Neil McCauley Malbec? Pairing is everything when it comes to fine wine and cuisine, and the pairing of the world’s greatest living actor with one of the world’s best wine producing regions would be a maridaje increi­ble. According to Los Andes, Robert De Niro may soon join the list of celebrities investing in Mendoza vines. …

Prime Punta del Este Parcel Coming To Auction

One of the most coveted parcels in Punta del Este is coming to the auction block next month, and the announcement will certainly attract multiple foreign investor groups. Land sales in and around Maldonado are nothing new, but the size and location of this particular parcel makes it extremely valuable. According to Marcelo Gallardo of El Pais, the parcel in …

Sell-o Catedral: Bariloche Ski Resort For Sale

It would be an understatement to say this has been a terrible year for the tourism sector in Bariloche. The June eruption of the Puyehue volcano brought falling ash and canceled flights to a region poised for a record ski season. With dozens of inbound charter flights scheduled from Brazil and the real flexing its muscle like never before, A …