Understanding the upcoming Argentine Presidential Elections

This year, Argentina will elect a new president, vice president, and members of Congress.  Understanding the country’s electoral process and the concerns that drive voter choices is crucial.  Here is what you should know about the upcoming Argentine presidential elections. Overview of the Electoral Process 2023 Electoral Timeline Key Voter Issues 2023 promises to force the candidates and the electorate to evaluate various substantive issues conspicuously absent from prior campaigns. One such issue is…

Argentine farmland sales are active but selective, which is a surprise in the middle of the electoral year

Operators in the sector highlighted strong interest from investors who envision a political change starting in December of this year. There are strong expectations of a change of political signs with the next elections to generate strong movements in economic activities. The countryside is no stranger to this; particularly, the rural real estate market is in an “active, but selective” mode. This is how sources from the sector summarize it they are optimistic when contemplating the present and future in…

Chile has a boom in people opening new USD checking accounts

The boom of checking accounts in dollars in Chile continues unabated: over 100,000 accounts were opened during the first quarter. There was a 400% growth in openings during the first three months of the year in the corporate segment. According to Bloomberg data, Chileans are still firmly embracing the dollar, despite the US currency depreciating nearly 8% so far this year. According to the latest statistics published by the Financial Market Commission (CMF), over 104,000 openings of checking accounts in dollars…

The Chaco Region in Paraguay received US$148 million of investment in the past five years (and in 2022, it exported US$900 million)

Chaco is experiencing an acceleration in the increase in investments, especially in recent years, and the execution of infrastructure works is one of the pillars on which the region’s growth will be based. How much capital has been injected into the region in the last five years, and what is needed to turn the Western part of Paraguay into a pole of industrial development? Numbers are the best way to measure the development of an activity or area. And official data shows that in the Chaco, a territory…

Foreign Tourism in Argentina Booms to Record Levels

According to the latest report of the National Directorate of Markets and Statistics of the Ministry of Tourism and Sports, a historical record was set in April of this year, with 619,000 foreign travellers reaching Argentina, representing a year-on-year increase of 105.2%. This surplus was further evidenced by only 531,000 of its nationals going abroad in the same month. Minister of Tourism and Sports, Matías Lammens, commented, “we no longer speak of recovery but of growth in international tourism,…

Argentines continue to flock to Uruguay to Invest

Data released by the Central Bank of Uruguay (BCU) reveals that, as of December 31, 2022, the investment advisors and portfolio managers sector in Uruguay had grown in terms of clients and employees. Specifically, there were 67 portfolio managers and 106 investment advisors in the country, an increase of 10 from the previous year. These advisors and managers managed the assets of 36,170 clients, 21.5% more than at the end of 2021, and employed 951 people. Of the total number of clients, 63.7% were Argentines,…
Real Estate and Investment News from South America
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