Argentine Businessmen agree with President Javier Milei: they believe that the worst is over, seeing a rebound in sales

They have noticed an improvement in the food sector, from noodles, oils, coffee, and rice to meat. The dollar and the possibility of the “V” recovery. The latest official data leave no room for optimism: a March economic activity collapse and the worst forecasts for the following months. At that time, the INDEC EMAE marked a drop of 8.4% year-on-year and a contraction compared to February. There are still no official records of what happened during April. Private consulting firms measured…

Uruguay declares an agricultural emergency in the east due to flooding

The government of Uruguay declared an agricultural emergency due to excess water in two departments located on the border with Brazil, while more than 2,800 people remained displaced due to floods caused by storms over the last two months, authorities reported this Wednesday (22). The Minister of Livestock, Agriculture and Fisheries, Fernando Mattos, said that the decree covers 1,200,000 hectares in the departments of Rocha and Treinta y Tres in the country’s east. “This is due to the significant…

FATCA – America’s Tax Rort is Exposed

The FATCA, or the Foreign Account Tax Compliance Act, is a one-sided law that forces other countries to enforce US tax laws. If they fail to do so, they’re effectively locked out of US markets and the US dollar—the world’s reserve currency (at least for now). FATCA imposes a 30% withholding tax on interest, dividends, rents, and similar payments leaving the US. The only way to avoid the tax is for foreign financial institutions (FFIs) to act as unpaid IRS informants. Withholding occurred some years ago,…

Argentine President Javier Milei gets himself on Time’s front cover

Before anyone jumps to any conclusions about why, it has nothing to do with whether he is good or bad as a president. Presidents like Hitler, Nixon, and Trump would have never otherwise appeared on the cover. It is purely because he is an icon for the libertarian movement of our times. Still considered by the majority the country’s economic saviour, President Javier Milei now finds himself in the unenviable position of despising his new office. The opulent Casa Rosada, with its lavish blue chair and intricately…

Global Food Security Depends on Modern Agricultural Techniques

Studies released at a symposium in Washington, D.C., underscored the wide range of benefits modern agriculture has provided to society and emphasized the importance of continued innovation and new technologies to meet growing global food, feed, fibre and industrial needs. Research presented by a diverse group of experts in agriculture, economics, conservation, and food security detailed how technological advancements employed on farms and across the food chain have provided an abundant, safe, affordable food…

Agriculture is tipped to boom in South America

South American agriculture is set to boom. Enterprising investors, who’ve long been told South America is to become the ‘food bowl of Asia,’ should not be surprised. Asia’s demand for consumables will grow for decades to come, fuelled by unprecedented growth in its middle-class population, rising prosperity, and globalisation. The latest research has identified five megatrends in South American agriculture over the next 15 to 20 years. The critical megatrends identified by the research include: In a…

Argentine Fintech Giant Mercado Pago Requests a Banking License in Mexico: Why Did It Spark Criticism in Other Countries?

Marcos Galperin’s fintech will acquire a banking license in Mexico, a process that could take between 12 and 24 months. Although it is not licensed in other countries where it operates, it offers its clients a wide range of financial products. Mercado Pago announced that it will acquire a banking license in Mexico, a process that could take between 12 and 24 months. Thus, the fintech arm of Mercado Libre will seek to comply with regulations in Mexico and become the most prominent digital bank in that…

Are you single and want to buy a property to live in South America’s most popular cities? Read this first

Scared to Buy Alone?    Four Tips for Single House Hunters You’re single and ready to buy. Right now, house hunting in a new city might feel a bit daunting, even downright scary. But it’s also one of the most intelligent decisions you can make, especially if you’re secure in your job, have family support, and are committed to a location. If you’re able to overcome your fear of commitment and head into homeownership on your own, here are a few key points that should make the hunt a little easier: Dream…

Argentina: What is happening in the land of the chainsaw? –

With the roar of a chainsaw, he has accomplished what many deemed impossible: Argentina’s first budget surplus in 16 years. Gone are the days of money-printing schemes to cover debts and bloated public subsidies for fuel and transportation. In a bold move, the new president has slashed thousands of state jobs (25,000 plus to date), frozen public construction projects, and bravely devalued the country’s currency. This may have weakened the peso’s purchasing power domestically, but it was a…

Argentina now has several options for those seeking home mortgages at attractive rates

Who can access mortgage credit, and what is the operation for purchasing homes through the new banking options (Andina)? The reintroduction of mortgage loans in Argentina revolutionized the real estate market. There are already 13 banks that offer them, including public entities such as Nación and Ciudad, private entities such as Hipotecario (the first to launch them) and Supervielle, and provincial entities such as those of Córdoba and Corrientes, among others. The schemes tied to the UVA usually propose…

Carbon credits in the UK: A threat or opportunity for farmers?

Recent figures show that over half of farm sales last year were to non-farmers. There are reports of farmers being outbid for land that will be put into woodland or other offsetting projects. We explore the threats and opportunities of these schemes. Whilst there are opportunities for farmers to gain extra income streams from carbon credits and other environmental schemes, there has long been concern about food security and the impact on farming and food in the UK.  The aim of such schemes is to use low-quality…

The area that used to be the coolest in Buenos Aires adds new projects: how much does an apartment now cost?

An iconic square in the heart of Buenos Aires underwent several changes after the pandemic. How is that area today, and what investments are being activated? In the heart of Retiro, around a “green lung,” one of the oldest and most beautiful squares in Buenos Aires, architectural proposals were raised that made that area one of the most coveted for a long time. The current layout of the square responds to various projects carried out by the Municipality of Buenos Aires, in which the renowned landscaper…

LATAM Booming Real Estate Market. Thousands of New Companies Opened

The real estate sector is experiencing significant growth in some Latin American regions, like Mexico and Brazil, with a notorious surge in real estate companies and investors. Real estate companies are experiencing a remarkable surge in various regions of Latin America. In Mexico, for instance, the number of real estate service providers has surged by nearly 20% over the past five years, according to the latest Mexican Economy Secretariat‘s data. Similarly, more than 26,000 real estate companies…

Two-thirds of high-net-worth individuals investing in Uruguay are Argentinean

Uruguay’s investment advisors and portfolio managers sector grew in terms of clients and employees last year. This sector currently manages the money of 36,170 clients, 63% of whom are Argentine, with a total of US$ 28.93 billion invested in different instruments. Data released by the Central Bank of Uruguay (BCU) shows that at the end of 2022, there were 67 portfolio managers and 106 investment advisors, an increase of 10 from the previous year. Portfolio managers are legal entities that manage the investments…

Explaining Chiles Land Title System

Explaining Chiles Land Title System A Real Estate Title search in Chile goes way beyond just tracking the ownership history of a property. Many more issues need to be checked in the numerous public records available in the Chilean legal system. Many other title issues come from common sense experience of the problems in particular regions. Beyond just knowing what documents to request and their significance for a title search in Chile, knowing the local problems and history is essential. For example, what are…
Real Estate and Investment News from South America
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