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Chilean/Swedish group subscribe usd 1.354 billion for the construction of a pulp plant in Uruguay

  Arauco owns 50% of the Montes del Plata project in partnership with the Swede-Finish corporation Stora Enso which in planning to invest 1.9 billion dollars in the plant for an annual production of 1.3 million tons of pulp.   The credit package includes a 454 million dollars loan from the Inter American Development Bank and another 900 million dollars from different financial sources.   Last July Arauco signed a guarantee agreement to extend collateral in support of the financial obligations.   The Montes…

UK magazine names hotel in Torres del Paine Park among top 100 best in the Americas

The prestigious British magazine Condé Nast Traveller has nominated the Hotel Salto Chico in Chilean Patagonia among the Americas and Caribbean best hotels. The ranking was done by the readers of the magazine who nominated the world’s best hundred hotels based on service and exotic passion to travel. Over 25.000 magazine readers and subscribers voted the list and gave the Explora Patagonia group Hotel Salto Chico 76.83 points, making it the only hotel in Patagonia and in Chile to reach the top 100. The hotel…

Brazil soars in clean energy rankings

Brazil soars in clean energy rankings With almost half of its energy supply generated by renewable sources, Brazil increasingly looks like a positive example for the rest of the world. By Robin Yapp | The Daily Telegraph There is an old joke that says Brazil is the country of the future – and always will be. But with rapid economic growth, the government claiming that some 40 million people have been lifted out of poverty in the past decade and the 2014 World Cup and 2016 Olympics in Rio de Janeiro on the…

Brazil to be among top destinations of foreign investment

  Brazil will be one of the main destinations of foreign investment next year, a study released Wednesday by the country’s Institute of Applied Economic Research (IPEA) said. According to the International Perception of Brazil Monitor study, the indicator that measures the likelihood of Brazil receiving foreign investment rose from 35 points in May to 43 points in August. Seventy percent of interviewees worldwide consider Brazil one of the top five destinations for foreign investment, up from 56…

New York Post names Chilean ski resort a top destination

New York Post names Chilean ski resort a top destination Chile’s central and southern regions are home to a wide variety of ski centers which receive thousands of visitors each season (between June and October). You can go skiing or snowboarding for the day at one of the ski centers just outside Santiago or spend a few days at an all-inclusive hotel further south. One of the biggest newspapers in the United States, The New York Post, chose Chile´s Valle Nevado ski center as one of the “8 Best places…

Spanish corporations have 130 billion dollars invested in Latin America

Foreign Minister Trinidad Jimenez emphasized this week the growing relevance of Spain in Latin America, where Spanish firms have made 130 billion Euros worth of investments.   Addressing members of the Lower House of Parliament, Jimenez praised Prime Minister Jose Luis Rodriguez Zapatero foreign policy during the past 7 1/2 years.   This is a policy, she said, based on “the traditional axis” of trans-Atlantic relations, relations with Latin America, with the Mediterranean countries and within the European…