Mendoza, Argentina – One of the most exciting wine regions in the Southern Hemisphere

On the eastern side of the Andes, in the region of stunning foothills and high plains, is Argentina’s ‘Napa Valley’. The Uco Valley, in Mendoza, Argentina has rapidly become one of the most talked about and exciting wine regions in the southern hemisphere. Originally created as a stopping point in the crossing of the Andes on the commercial route from Río de la Plata to Chile’s Santiago, Mendoza has become the largest wine producing area in Latin America, claiming 70% of Argentina’s wines. The Uco…

Signs of positive change in Argentina

image of Arquitectura Francesa en Buenos Aires
Signs of positive change in Argentina Here in Argentina we are living in a pre-election situation with both of the two likely Presidential candidates promising a more business approach to running the country than we have had in the past lost decade. With commodity prices now well down, inflation high ( 25% or more ) and foreign exchange controls making business very difficult they will have their challenges. However, despite what the official numbers say about the economy, it is very noticeable here in Buenos…

Retail eCommerce sales near USD $ 50 Billion in Latin America

Retail eCommerce sales in Latin America are growing at a rapid pace, according to eMarketer estimates. Based on the latest figures for total and digital retail around the world, eCommerce sales in the region will reach nearly USD$50 billion this year, an increase of 23.9%. Nearly USD $20 billion in sales will come from Brazil alone, where eCommerce also makes up a greater share of the total retail market than elsewhere in the region (a still tiny 2.8%). Mexico is in a distant second, with USD $5.70 billion…

5 reasons why Latin America could be the next big thing in IT outsourcing

Fiscal policies and market barriers have long deterred outsourcing buyers and providers from investing in Latin America. But creative sourcing solutions and a shift in corporate culture are helping to change that. The economic opportunities in the region are on the rise. A friend recently told me an old joke about Latin America in the context of outsourcing: “Latin America is the next frontier in outsourcing and it always will be. I have long promoted Latin America as an immense outsourcing opportunity, on…

Argentina’s middle class has doubled in ten years

Argentina is the Latin American country where the Argentina’s middle class has grown the most in ten years, doubling in size, according to a report released by the Pew Research Center in the United States. The study shows progress in the region has slowed down since 2010 as a result of the fall in economic growth and export prices. Some countries, however, managed to sail with the tide with Argentina’s middle class going from 15 percent of the total population in 2001 to 32.5 percent in 2011, accounting…

IS ARGENTINE FARMLAND A BUY ?

Argentine farmland prices dropped to below 2010 prices in 2015 according to Argentine Chamber of Rural Real Estate  (CAIR). For farmers the current populist government lead by Christine Kirchner and now potentially lead by her dauphin Daniel Scioli has been an unmitigated disaster of historic proportions not only for the middle class but for those effected by the increased poverty levels throughout the country. This last decade has be characterized by two defaults ( Argentina is still in default from the second…

Is Argentina’s economy pulling a tango turnaround?

Its economy is projected to show little or negative growth this year. Argentina is still indebted to American hedge funds, affectionately known as “vultures” in the country. And it remains the poster child of nations that default on their loans. But there’s new optimism in Argentina, mainly driven by presidential elections coming later this year. Its stock market is rallying and investors are buying the countries’ debt (amazing news, considering the country is mired in recession and…

Rules for setting up a new Business in Argentina

The Business Associations Law (No. 19550) establishes a wide range of business association forms. The forms most widely used by foreign investors are corporations (sociedades anónimas or SAs as regulated under Argentine law) and limited liability companies (sociedades de responsabilidad limitada or SRLs as regulated under Argentine law). In these cases, unlike branch offices, liability is limited to the amount invested in the business. Unlike local companies, before foreign companies can set up a company or…

GTSA – Activity Update for April 2015

GTSA UPDATE Here is a short update on what is happening in GTSA in the past month. Argentina: Residential – Buenos Aires The Buenos Aires residential market is starting to move again with sales up 23.6% in March. Prices are down on past years. Farm Market: The farm market is showing a little more optimism with the belief that with the current administration gone in the upcoming elections reason might prevail and with that profits will return. Despite the obstacles in front of investors to buy they are…

Agriculture in Argentina: Is the era of leases base on yield over ?

Agriculture in Argentina The article is dedicated to both tenants and owners. I intend to give another insight into the future of the current production model and show the need to reconsider agriculture in rented farms. Today the biggest problem is confronted by the system of agricultural producers under hire, mainly due to the low profitability of the same, today aggravated by the low prices (very low in wheat, low in maize and sorghum and relatively normal in soybeans) and the Excess rainfall. If we analyze…

Is Puerto Varas in Chile the New Bariloche ?

Is Puerto Varas in Chile the New Bariloche ? Located in the Chilean Lakes District, Puerto Varas bills itself as the new Bariloche which is similar city on the Argentine side of the Andes. With similar lakeside views and stunning surrounding mountains, the town is certainly justified in making that comparison. However, while every other shop in Bariloche sells souvenirs and ill-placed apartment buildings that block lake views for most people, Puerto Varas remains a much more tranquil and less developed town.…

Argentina: Climate change affecting wine production

Government report: Climate change affecting wine production Argentina’s world famous wine industry is under threat from climate change. The Andean region — where the wine is mainly produced — is set to become one of the most affected by global warming, according to a report by the Energy Secretariat that was released yesterday. The region, which includes Mendoza, San Juan, La Rioja, Catamarca, Salta and Jujuy, is on track to experience higher temperatures, more frequent and longer heat waves and…

Is Argentina ready to do business with China Culturally ?

GTSA Farms for Sale English
Is Argentina ready to do business with China Culturally ? A Sinologist highlights the enormous importance of culture when it comes to doing business with the world”s second-largest power The enormous weight of the trade and infrastructure accords Argentina has signed with the People’s Republic of China there is a key factor too often overlooked: culture. Gustavo Girado, a former adviser to the Agriculture Secretariat under the administration of the late president Néstor Kirchner (2003-2007) says that…

Argentine Wine Industry under pressure

        Argentine Wine Industry is in trouble Lower local consumption, less exports and higher production cost have lead to oversupply problems for most Argentine wine producers. The government claims devaluation will not help the industry against its competitors which in many cases have already devalued. Ie Australia, Brazil, Chile etc. Wine sales dropped 7.3% last year according to the Argentine Wine Institute, (INV). Exports fell 17% and sales to its huge domestic market which is in recession…

Foreign Investors are becoming more optimistic about positive change in Argentina

A number of interesting trends are happening in the Argentine Real Estate Market currently. There is increased interest from European buyers in Argentine for investment type properties. This is partly driven I suspect by lower prices and an observation that the current dysfunctional government of Argentine is about to change. For the first time in decades if ever the opposition parties are joining ranks and the polls show the voters love them for it. A new broom with introduced policies the opposition parties…
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