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Potential new Argentine President Alberto Fernández is like a matryoshka doll, “you open it and out pops, Cristina, Lula, Chavez…”

Argentine primary winner, Alberto Fernandez is like the Russian mamushka doll, “you open it and out pops Cristina Fernandez, again you open it and out pops Lula, and again, Hugo Chavez”, said Brazilian foreign minister Ernesto Araújo. Money leaving Ezeiza after the shock election result Araújo joined president Jair Bolsonaro, and Finance minister Paulo Guedes is openly expressing their aversion to the current political situation in Argentina, and the possibility of a return to office…

Argentina’s Adecoagro’s Dairy segment sales grow​ 100% inter-annual​​ly

In November 2018 Adecoagro bought from SanCor (the former largest dairy cooperative in Argentina) two plants, one in Chivilcoy (Buenos Aires province) and the other in Morteros (Córdoba), and two milk brands: Las Tres Niñas and Angelita, for USD 47 million. After that, they launched long-life milk brand, Apostoles, produced at the fluid milk processing Chivilcoy facility. In the Morteros facility, the company elaborates powder milk and cheese. This week, CEO of the company, Mariano Bosch, celebrated…

Argentina: Outlook darkens as Peronist chances grow

Argentine crisis
Argentina’s economic outlook has deteriorated notably since August’s LatinFocus edition. The primary elections on 11 August revealed that President Mauricio Macri is trailing in a very distant second place in the run-up to the October elections, shocking market analysts and sparking a huge and destabilizing capital flight in turn. The drastic change in political landscape and unfolding market turmoil has significantly affected the country’s outlook, particularly for next year. Now, GDP is…

Selling Exclusive or Unique Real Estate is a challenge in any market but none more so than in South America

  Selling Exclusive or Unique Real Estate is a challenge in any market but none more so than in South America Advice for the new broker looking to get into the Luxury  Property Market Ok, you’ve just taken your first million-dollar-plus listing. After celebrating your victory over the area’s top luxury agent, reality will no doubt begin to set in. If you don’t know the first thing about marketing high-end properties, you may wonder what you’ve gotten yourself into. You should…

Panic Sweeps Argentine Pampas as Farmers’ Old Nemesis Returns – Peronism

All across the Pampas, in one wind-swept little farming town after another, a sense of dread has suddenly set in. Mauricio Macri, the man who championed the cause of the Argentine farmer, is almost certain to lose his re-election bid in October and will hand back the presidency to the leftist party that tormented the region for years. A primary vote held a few weeks ago made that clear. The concern is so severe that many here aren’t waiting for the actual election to confirm Macri’s defeat. They…

The Argentine Spitfire Pilot who fought in World War II

His name is Ronnie Scott, who played rugby at Belgrano Athletic Club enlisting at age 24. At 101, he says it was because he felt at the time “Hitler had to be stopped.” Ronald David Scott now lives in San Isidro, Buenos Aires and is known by all as Ronnie. He is 101 years old, rides a bicycle and flew fighter planes in World War II. Ronnie was one of the 5,000 Argentine’s who volunteered to fight alongside the allies. Ronnie was born in Villa Devoto. His father was Scottish and had fought…

Argentina’s beleaguered government imposes capital controls

Fear of a return of the authoritarian and highly corrupt previous Kirchner government provokes a market crash, forcing the president’s hand When Maurico Marci was elected president of Argentina in 2015, one of his first acts was to abolish capital controls that restricted buying and selling of the peso. The move symbolised Argentina’s pivot back to open markets and liberal economic reforms under his rule. On September 1st, after weeks of market turmoil, Mr Macri was forced to issue a decree reimposing…

The Trees of Buenos Aires City

The most common trees – Census 2017-2018 The vast majority of the trees are on the streets are on the public roads (85%), and the rest are distributed between parks, squares and gardens (15%). There is a huge variety of species: there are 423 among them shrubs, conifers, palm trees and other botanical varieties. Comparison with the previous census In the seven years between the two censuses, 6,887 new specimens have been planted and another 27,137 were replaced that were at risk of falling or were dead.…

Argentine oilseed industry close to starting​ selling processed soybean meal to China

A Chinese mission is currently inspecting soybean meal factories in Argentina, to approve them for exporting the byproduct direct to China. Argentina is the largest world soybean meal exporter, with more than 65 million metric tons of crushing capacity. Along the Parana river, global and local oilseed companies mounted their processing plants and ports. During 2016 the crushing industry reached a processing record of about 44 million metric tons of soybean. This year, after recovering from the drought which…

Santander to Connect Latin America to Ripple-Powered Remittance Service

Spanish megabank Santander Group is expanding its use of Ripple’s technology. The bank is building a “payment corridor” that would let customers in Latin America send money to the U.S. instantly for free via One Pay FX, a mobile app that uses Ripple’s xCurrent software, officials told CoinDesk. Currently, only customers in the U.K. and Spain can send money to the U.S. over One Pay FX. While the bank would not reveal how many Latin American countries it plans to connect to the corridor,…

Buenos Real estate sales weak but prices keep rising?

The average price per square meter is around USD 2,330, close to a record. The owners prefer to delay selling rather than accept a lower price. This is not a new characteristic of the local market but reflects that few home owners have mortgagees so do not feel pressured to sell at what they see as a temporary pause. Whether this attitude will change with a likely change of government that has in the past put capital controls on the currency and wrecked the economy will remain to be seen but the high flow of…

A sophisticated web of real estate brokers used Airbnb illegally to trick 75,000 unknowing guests

A $21 million lawsuit filed in New York alleges that a sophisticated web of real estate brokers used Airbnb illegally to trick 75,000 unknowing guests. Is this just New York or is it worldwide? A $21 million lawsuit is accusing a web of real estate brokers of using Airbnb to illegally rent over 250 listings to nearly 76,000 unknowing guests.  The lawsuit, filed in New York City on Jan. 14, accuses Metropolitan Property Group, a real estate brokerage firm, of using a litany of fake identities…

Buenos Aires: recycling, environmental education, LED lights, parks and bikes all make it more a sustainable city

The development of a sustainable and modern metropolises that promote growth without neglecting the environment is one of today’s most important challenges. With small and large-scale recycling, environmental education programs, energy savings, the sustained increase in woodland and parked hectares, and the boost to bicycle use, the Government of Buenos Aires is working to make Buenos Aires a city every day cleaner and greener. Learn to recycle more and efficiently Thanks to the recycling programs already…

Argentine Crisis: the Real Estate Sector approaches 2001 levels

In July there was an improvement compared to June, but those numbers of real estate sales in the city of Buenos Aires does not reflect the 14 months of consecutive year-on-year decline, a historical cycle similar to what happened after the 2001 crisis, although still far from the exchange rate crisis, during the presidency of Cristina Kirchner, which caused 25 months of falling prices. Last July there were 3208 operations, according to the Colegio de Escribanos porteño, 18.7% more than in June, but a…

EU Fearful of Including U.S. on Tax-Haven List

Although the United States fits the definition of a tax haven, EU officials in Brussels are wary of publicly shaming it on a “blacklist” of countries that allow companies to avoid taxes. Given Trump’s harsh rhetoric, the Europeans are worried about a further deterioration of ties. It sounded like a historical moment was in the offing. For the first time, Europe’s finance ministers were seriously planning on publicly denouncing tax havens by presenting a black list of countries…
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