China Could Help Rebuild Uruguay’s Entire Rail Network In 2 Years

Uruguay trade with China has grown 600% over the past six years. Now, both governments are forecasting continued trade growth that could transform Uruguay’s entire rail infrastructure in only two years. According to El Observador, the two countries are in high level talks regarding a partnership that would replace Uruguay’s 150-year-old rail cobweb with a modern network spanning 2,000 kilometers …

Buenos Aires Tech District Now Home To 155 Companies

New construction activity may have ground to a halt in more developed areas of Buenos Aires, but that’s not the case in the southern barrio of Parque Patricios. The Buenos Aires Tech District and the generous tax incentives associated with launching or relocating a company in the district are spurring new commercial and residential construction, as well as the renovation …

Billion-Dollar Pulp Mill Transforms Quiet Corner Of Colonia

It won’t officially open for a few more months, but a new billion-dollar cellulose pulp mill is already changing lives, incomes and expectations in a once-quiet corner of Colonia. Montes del Plata is investing a reported US$1.9 billion on the state-of-the-art facility in Conchillas, and the spillover effects from the mill’s construction have been felt throughout Colonia. Local salaries have …

Retail Elite: Uruguay Shoppers Spend The Most In Latin America

Consumers in Uruguay spend more per capita than shoppers in any other Latin American country, according to a new study from Euromonitor International. The report, which focused primarily on grocery store expenditures, found Uruguayans spent US$730 per capita in 2012 which is 61% more than the number two Latin American market, Chile, where consumers spent US$453. Uruguay shoppers left the …

Argentine Condo Developers Embrace Long-Term Financing

With real estate sales down, dollars scarce and bank financing non-existent, more Argentina real estate developers are beginning to offer new construction condominiums with payment plans up to ten years or longer. Making small monthly payments is nothing new for locals who pay off everything from groceries to appliances to plane ticketsĀ en cuotas; however, this is the first time real …