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Argentina is the top tourist destination in South America

Argentina will  welcome some nearly six million visitors in 2014.  Unlike previous periods most of these tourists ( 75% ) are Latin American with Europeans and North Americans mostly staying away.  Chile, Brazil, Uruguay and Paraguay being the top sources of visitors. In 2003, just as the country was crawling out of its last economic crisis, almost three million international travellers visited Argentina. Ten years later, the country is on track to welcome a record number of visitors, with the Tourism Ministry…

Why does Argentina have a dual currency ? The Blue Rate

Is the Blue Market Really a Black Market? In a standard economy, money is money. Whether you carry a briefcase of crisp hundreds into a bank in New York, or a sack filled with small bills into a branch in Nebraska, the deposit to your account will look exactly the same. The commodity (money) has a single value – the amount printed on the bill. Not so in Argentina’s blue dollar market. New hundreds will always command a better exchange rate than old, wilted twenties and tens, which are more of a problem…

Argentine’s future will be settled in 2015. If you don’t like politics don’t read this

Who will face the Kirchnerite candidate in a potential run off ? Pretty soon everybody, even those who loathe politics, will start to talk about the next big story: the 2015 presidential elections. So why not start now? It looks like there will be a three-horse race for the presidency that includes Buenos Aires Governor Daniel Scioli (a Kirchnerite), Buenos Aires Mayor Mauricio Macri (leader of the centre-right party PRO) and the lawmaker Sergio Massa (a ex Peronist who defeated the Kirchnerite candidates in…

Buenos Aires Metro System is called the Subte

Buenos Aires Metro System is called the Subte The Buenos Aires Subway, also known as the Subte (for sub-terraneo) was the first underground metro system in South America opened in 1913 by an English company called Anglo Argentine Tramway Company ( line A ). The Subte is the fastest way to travel through Buenos Aires. It is not as expansive as the bus system, but it will usually get you fairly close to where you need to go. There are five different lines: A, B, C, D, E, F, G, H, P and I. . You will probably…

Retire in Buenos Aires the city of passion

Retire in Buenos Aires the city of passion Buenos Aires is one of the world’s most beguiling places, best known worldwide for the tango, its most famous cultural export. It is a dance of passion, sensuality, longing and nostalgia that is an apt metaphor for this city where everything is approached, considered and conducted with passion. Buenos Aires is also friendly, welcoming, open and accessible in a way that makes it easy, once you’ve experienced it, to say, “I could see myself living here.”…

Are you single but want to buy a property to live in ? Read this first

Scared to Buy Alone?    Four Tips for Single House Hunters You’re single and ready to buy. Right now, house hunting might feel a bit daunting, even downright scary. But it’s also one of the smartest decisions you can make, especially if you’re secure in your job or have family support and 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 slightly over your budget.…

Argentine Constitutional Law Professor Daniel Sabsay strongly criticizes the current government

Argentine Constitutional Law Professor Daniel Sabsay strongly criticizes the current government Cristina Fernandez challenged to show her law degree and Timerman described as a ‘traitor’ A colloquium sponsored by an Argentine business grouping, IDEA, that has been critical of the government of Cristina Fernandez, but in a framework of moderation and self containment, turned into a students’ open assembly when a constitutional law professor gave a speech on the rule of the law, called on President…

Is Argentine property a buy ?

Is Argentine property a buy ? Argentina is now one of the cheapest markets in the world. With good reason, Argentina has been out of favor for ten years, due to its current and past incompetent fiscal management and erratic investment policies. For some time there has been a concern that it was following in the footsteps of the failed state of Venezuela previously led by the deceased dictator Hugo Chavez. However, there a large differences between Argentina and the Central American Countries have followed the…

Latin America is Bank Santander’s Cash Box

Latin America  represents 51% of group’s profits; In Argentina, Santander Río is its biggest private entity Emilio Botín, the powerful chairman of the Santander group who died on Tuesday, had strong ties with Latin America that went well-beyond the financial elite. He rubbed shoulders with Spanish royalty and regularly received political leaders and heads-of-state at his office in Madrid. Botín was able to take advantage of cultural and language ties to rapidly expand his group into Latin America, where…

September 2014 Argentina’s new Report Card

A month is long time in politics n June 2014 economists and industry watchers were becoming slightly optimistic that Argentina was starting to become a more responsible world citizen. They had settled the outstanding Hague Rulings against them, settled the YPF nationalization issues, and had modified the inflation indicators as requested by the World Bank and others. The thought was if this continued the drain on US Dollar reserves would reverse and indeed fresh capital might start coming in. However by September…

Buenos Aires Bikers Corner – The Best 6 spots to buy or repair your bike

In the past few years Buenos Aires has really started to compete with cities such as Amsterdam, Berlin and Copenhagen with it’s constantly improving bike-friendly reputation. Although not yet quite as renowned for it, Buenos Aires, is becoming more accessible for bikers and bike lanes can be seen on the majority of the cities roads. Previously both bikers and drivers would have been extremely wary as it would have been difficult for drivers to put up with them and frightening for bikers travelling the chaotic…

Argentina’s rational default ?

Argentina has long been guilty of fiscal mismanagement: it first reneged on a government bond in 1828, and it has bilked its lenders repeatedly ever since. In recent years, the populist government of President Cristina Fernández de Kirchner has reinforced this reputation by doctoring inflation statistics, expropriating pension funds and an oil company, and blocking Argentines from buying foreign currency. So when Argentina defaulted on its public debt, last week, the familiar narrative about Latin America’s…

Regal Residences Of Yesteryear in Buenos Aires

In the 1920’s Argentina had the 5th largest economy in the world due to the wealth and abundance of its agricultural exports.  During this period many of the cities finest buildings were constructed mainly in the center of the city and Recoleta.  These buildings were built by European architects and modeled predominantly on French style architecture typically found in Paris.  Many of these beautiful buildings still stand to this day and can be seen all over the city but especially in the Recoleta district,…

Buenos Aires, city of bookstores

Buenos Aires is a city of bookstores. They can be big and luxurious on the main avenues, discount, or sell antique books in the suburbs. Their appeal for tourists is in the history they represent and the cultural and leisure space they offer. Another interesting feature in many city bookstores is that they are located in national landmarks. Visiting the bookstores in Buenos Aires, searching their shelves, talking to their booksellers, are ways to know and understand the city and its traditions. Many bookstores…

Stunning French Style Apartment for Sale

New Listing…be the first to see! Classic French Style Apartment for sale in Buenos Aires Situated in the Barrio de las Artes where you are surrounded by chic art galleries, exquisite antique shops, cozy coffee shops, posh restaurants and astounding architecture, you will feel as if you were in Chelsea except for the fact that everyone is speaking Spanish. This beautiful French Style building transports you back to the golden age of Argentina.  As you walk along the  tree lined streets of Esmeralda…