Argentine residencial market analyse 2023
Introduction The Argentine residential market is one of the most stable markets in Latin America. While the country has been through a severe economic crisis and currency devaluation, it has managed to grow rapidly since 2016. The market is expected to strengthen further in the coming years and Argentina will be one of the fastest growing BRIC economies by 2050. Introduction According to World Bank data, Argentina is the 7th largest economy in Latin America. It was predicted that it would rise to the 5th place…
Chile Investors need a RUT Tax Number
Chile Investors need a RUT Tax Number There are two types of numbers commonly referred to as a “RUT” in Chile. A temporary RUT for foreigners is only a tax payer ID number. Another type of “RUT” (sometimes called RUN) is for Chilean citizens and Chilean Residents. The permanent RUT for citizens and national is a national ID number, similar to a Social Security Number in the United States, and is used for passports, tax issues, ID, and many other things. Companies are also issued “RUT” numbers…
The largest REDD+ carbon project in Paraguay, ‘Corazón Verde del Chaco Project’ completes VCS & CCB validation
The project is the largest Reducing Emissions from Deforestation and forest Degradation (REDD+) carbon project in Paraguay. Using carbon finance, the project protects thousands of hectares of forest threatened by deforestation. It preserves habitat for endangered birds, plants and mammals, some found nowhere else on earth. The Corazón Verde del Chaco Project (VCS Project 2611), the most significant Reducing Emissions from Deforestation and forest Degradation (REDD+) carbon project in Paraguay, has now completed…
Students in Buenos Aires reactivate the real estate business in CABA: what opportunities are there?
The conditions of the rental law, the return of face-to-face negotiating and the exchange rate impacted a sector that begins to move in December 2022 and does not stop in 2023. The increase in the flow of foreign students, the shortage of supply, the controversial conditions of the rental law and the competition from temporary-use properties have made the real estate market for university students in the city of Buenos Aires a segment that begins to move in December when the most far-sighted begin the search…
Is Paraguay an Immigration option ?
Paraguay is often overlooked as an emigration option, but it has just about everything you might need for an active agriculture investor. There are thousands of hectares of empty land available for livestock or agriculture. Most importantly, it sits atop one of the world’s most significant freshwater aquifers in a world running out of water. It is called the Guarani Aquifer, which Argentina and Brazil share. Paraguay also boasts the largest hydroelectric facility in the world with an annual capacity of roughly…
100,000m2 Cultural Centre in Buenos Aires is one of the largest in the world
The Centro Cultural Kirchner (CCK) is the largest cultural centre in Latin America and the third largest in the world. It occupies the entire building of the former central post and telegraph office – one of the city’s most important historic buildings and an outstanding example of French second empire architecture. The modern, diverse cultural centre boasts a huge 100,000 m2 of space spread over an incredible nine floors, dedicated to art, music, theatre and dance. Jean-Paul Gaultier is a French…
PARAGUAY TODAY – Land of opportunities
Paraguay: A Land of Opportunity in the Heart of South America Paraguay is unlike any other country. It is a magnificent country to discover, easy to live in, with rich fauna and flora, as well as its history. A country with 6.8 million inhabitants, located in the heart of South America, a Mediterranean country bordered to the north by Brazil and Bolivia, the east by Brazil and Argentina, the south with Argentina and to the west by Argentina and Bolivia. It is divided into two regions, the East and the West,…
Vegans Nightmare: A third of global farmland at ‘high’ pesticide pollution risk
According to new research, a third of the planet’s agricultural land is at “high risk” of pesticide pollution from the lingering residue of chemical ingredients that can leach into water supplies and threaten biodiversity. According to research published Monday, a third of the planet’s agricultural land is at “high risk” of pesticide pollution from the lingering residue of chemical ingredients that can leach into water supplies and threaten biodiversity. The use of pesticides…
Hotels in Buenos Aires hit decade-high occupancy rates
Hotels in Argentina’s capital recorded their highest average room occupancy levels for a decade in 2022, boosted by massive concerts, events and a domestic tourism boom. After the hard blow that Argentina’s hotel industry suffered during the first 24 months of the Covid-19 pandemic, 2022 ended with a resounding turnaround. According to a new report by the capital’s Entur tourism body, “last year ended with very positive signs for the hotel industry, with more domestic tourists than in 2019 and an average…
Airline News: Latam expects 20% plus growth in 2023
South America’s Latam Group operated at 83.2% of 2019 capacity levels in the fourth quarter of 2022 on its 144 destinations in 22 countries. It said this was “in line” with its roster of destinations in 2019 and expected annual growth in passenger traffic of more than 20% year-on-year in 2023. This would come from 38 routes that it did not operate in 2019. This included the new joint venture with Delta Airlines that would enable passengers of both airlines to access more than 300 destinations in North…
Chile leads Latin America in global competitiveness
Chile’s National Evaluation and Productivity Commission will conduct a new study to assess priority sectoral permits for investment in order to propose substantial improvements in their efficiency, predictability, and stability. The National Evaluation and Productivity Commission (CNEP) received a new mandate from the Government of Chile to analyze priority sectoral permits for investment, identify barriers in the process, and propose efficiency, predictability, and stability improvements. This study aims…
Disappointing Chilean Wine Harvest 2023 (for wine growers)
(Very) Low prices for grapes grown for wine and an early harvest will be the keynote of this 2023 vintage, still in evolution, for a large part of the more than 130,000 planted hectares. Due to the lack of post-Covid reactivation in many countries, mainly China and Europe, high world stocks of wine have accumulated. This has led to Chile’s most extensive wine inventory since it was recorded with 1,400 MM litres (88% with D.O.) (Appellation of Origen or D.O. ODEPA, Wines of Chile). On the other hand, extremely…
Investing in agriculture for 2023
Hardy investors are seeking new ways to grow their money. IN THE next 40 years, humans will need to produce more food than they did in the previous 10,000 put together. But with sprawling cities gobbling up arable land, agricultural productivity gains decreasing, and demand for biofuels increasing, supply is not keeping up with demand. Clever farmers, scientists and entrepreneurs are bursting with ideas. But they need money to make this jump. Financiers more often found buying and selling companies have cottoned…
Cattle ranching in Paraguay: an investor’s perspective
Our aim here is to give potential investors an inside perspective on cattle ranching in Paraguay. In the next 50 years, a growing world population, rising affluence and urbanization will drive a significant demand and growth for livestock products. South America has long been a specialized beef sector, with 31% of global production, but there are still large undeveloped areas with cattle-raising potential. Most notably, the Chaco region in Paraguay offers opportunities for added value investment through transforming…
New Spanish investment in Buenos Aires: reopens the former Sofitel hotel on Arroyo street, Retiro, with new owners and a different brand
After being closed for five years, the former Sofitel hotel on Arroyo Street will reopen with new owners. The Spanish chain Único Hotels reached an agreement with the Bencich family to lease the historic Retiro building for the next 20 years and to reopen the five-star hotel at the end of the year or at the beginning of 2024. “Everything is signed and now it remains to move forward with the remodelling of the facilities and define the brand with which we are going to operate in Buenos Aires,” Pau…
