Charming Colonia Is Uruguay’s Fastest-Growing Safe Deposit Box

Patrick Archer aruba, foreign investment, hotels & casinos, real estate, tourism, uruguay

The surge in Argentine bank deposits in Uruguay made front page news last week and should come as a surprise to no one who has followed the impact of Argentine currency controls on everything from new construction to existing property sales to outbound tourism. The surprising part of the story is exactly where those funds are being deposited in Uruguay. …

VanityBA: The Running Boom Sprints Through Argentina

Patrick Archer buenos aires events, lifestyle, vanityba

In terms of competition, Argentina has long been associated with classic team sports like futbol, rugby, polo and field hockey. But it’s an individual sport that has swept through the country in recent years winning converts, alleviating stress and changing lifestyles. “The Running Boom: In 4 Years, The Number of Runners In Argentina Doubled” is the headline of Fernando Soriano’s …

More Brazilians Buying Vineyards in Argentina & Uruguay

Patrick Archer aruba, foreign investment, lifestyle, real estate, tourism, uruguay, wine & vineyards

Exactly one year ago, we shared the news that Mendoza is now the second-most popular destination for Brazilians in Argentina after Buenos Aires. According to the Ministry of Tourism, the southern region of Mendoza was the most sought after in January with San Rafael topping the list of visitors and hotel occupancy with 92%. Now, one year later, it seems many Brazilians are …

Air France-KLM Announce New Flights to Montevideo, Buenos Aires

Patrick Archer competitiveness, foreign investment, lifestyle, tourism, uruguay

For the past decade, flying from South America to Europe has been a thoroughly dreadful experience aboard dinosaur airlines like Iberia, arguably one of the 10 worst airlines in the world. Fortunately Iberia’s dominance over major routes to South America is rapidly eroding thanks to new airlines looking to capitalize on one of the fastest growing and lucrative markets in the …

Brazil’s Vale Could Postpone Mendoza Potash Project 3 Years

Patrick Archer agribusiness, competitiveness, foreign investment, real estate

The world’s largest producer of iron ore could delay the opening of a Mendoza potassium mining project three years, according to Reuters and other industry sources. Brazil’s Companhia Vale do Rio Doce (NYSE: VALE) was originally planning to invest approximately US$6 billion to launch a massive three-phase mine and transportation network including the Rio Colorado potassium mine in Mendoza, a …