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MercoPress, en Español

Montevideo, January 26th 2025 - 09:45 UTC

Investments

  • Saturday, January 25th 2025 - 09:21 UTC

    New Uruguayan airline to make key announcements next week

    SUA CEO Antonio Rama has already tried founding U-Air in the early 2000s, arguably one of the first budget carriers in the region

    The company willing to pick up Pluna's legacy as Uruguay's flag carrier will be making a series of announcements next week at Montevideo's Carrasco International Airport, just one year after revealing its plans. SUA (Sociedad Uruguaya de Aviación) is to start operations through a wet lease of airBaltic Airbus A220 aircraft, thus becoming the first airline in Latin America and the Caribbean to choose the Canadian-built narrow-body twin jet.

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  • Wednesday, January 22nd 2025 - 08:15 UTC

    Colombian company signs partnership with Bolivia's YPFB

    Signing the documents were YPFB's president Armin Dorgathen and Canacol's representative in Bolivia Luis Alberto Pérez

    Bolivia's state-run oil company signed Tuesday a series of agreements with Colombia's Canacol representing an investment of up to US$ 270 million for hydrocarbon exploration and exploitation undertakings in the Ovai, Florida Este, Arenales, and Tita-Techi areas, all of them in the department of Santa Cruz.

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  • Tuesday, January 21st 2025 - 21:45 UTC

    Italian teenager toys with Mediterranean merchant ship traffic just for fun

    Despite the legal consequences he may now face, the Italian teenager is likely to end up hired by a cybersecurity company

    A 15-year-old lad from Cesena, Italy, toyed with merchant ship routes in the Mediterranean after accessing the navigation systems just for fun. Although no material damage was reported, a criminal case has been opened against the teenager, whose parents claimed to be unaware of those activities.

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  • Thursday, January 16th 2025 - 10:09 UTC

    Azul and Gol announce merger to create aviation giant

    The new company would serve more than 200 destinations in Brazil and abroad but the process is at least one year away

    Brazilian airlines Azul and Gol announced Wednesday after trading closed on the São Paulo Stock Exchange (Bovespa) that they had signed a memorandum of intent to finalize a merger whereby one of the largest airlines in Latin America would be created. If the plan goes through, the resulting airline would have a 60% share in Latin America's largest country, thus challenging Latam's hegemony.

  • Thursday, January 16th 2025 - 10:03 UTC

    Pizza Hut bids farewell to Chilean operations branch

    The company managing Pizza Hut in Chile will focus on its European business

    Despite its iconic background worldwide, Pizza Hut will no longer be operating in Chile, Food Delivery Brands, the company handling it as well as Telepizza, announced Wednesday in Santiago. The group insisted it had made “all possible efforts” to keep the business afloat.

  • Monday, January 13th 2025 - 06:00 UTC

    Boliviana de Aviación riddled with complaints for delays and cancellations

    BoA's main problems stem from the Janine Áñez years, Montaño argued

    Bolivian flag carrier Boliviana de Aviación (BoA) faces substantial fines worth up to 1,472,416 bolivianos (US$ 211,864) for its 2024 noncompliances while five incidents have already been recorded this year for constant delays, flight cancellations, and poor handling of passenger complaints, Bolivia's Telecommunications and Transport Regulation and Supervision Authority (ATT) explained.

  • Monday, January 13th 2025 - 05:58 UTC

    Britten-Norman Islanders to be adapted to hydrogen electric propulsion by German company

    Islanders have been particularly successful in the Falkland Islands with the local airline FIGAS since 1948 and as fisheries marine patrol.

    Britten-Norman Islanders to be converted to zero-emissions hydrogen electric propulsion systems by a German company that is focused on carbon neutral regional aviation. According to AOL air industry reports, Evia Aero, has signed a letter of intent with the UK-based aircraft manufacturer, for the purchase of 15 Islander aircraft.

  • Thursday, January 9th 2025 - 17:33 UTC

    Falkland Islands completes Tussac House, a new facility for adult care

    The facility has been handed over to the Health and Social Services Department, which is preparing it for operation. Photo: FIG

    The Falkland Islands Government (FIG) announced the completion of Tussac House, a new facility designed to provide care and support for the community’s most vulnerable members. Construction, led by RSK Falklands Ltd, was finalized on January 3, 2025, with occupancy officially granted today, January 9, following inspections by Planning and Building Services and the Fire and Rescue Service.

  • Monday, December 30th 2024 - 10:30 UTC

    Argentine SMEs post 21.7% improvement in exports

    SMEs also fear a barrage of layoffs next year after imported products flood the domestic market given the current strength of the local peso against the US dollar

    Argentina's Chamber of Small and Medium Enterprises (CAME) reported this weekend that exports between January and November exceeded US$ 9 billion, representing a 21.7% growth in shipments and 27.5% in tonnage, mainly to Brazil and Chile. Overall, South America accounted for 33.1% of sales.

  • Saturday, December 28th 2024 - 09:05 UTC

    Rousseff offers Uruguay NDB financing opportunities

    “Uruguay is used to working with other historical entities, and this is very new,” Orsi said after meeting with Rousseff

    Former Brazilian President Dilma Rousseff, who now chairs the BRICS' New Development Bank (NDB) said Friday after meeting with Uruguay's President-elect Yamandú Orsi at the latter's transition headquarters that the South American country was “best positioned” to access financing at lower rates for digital, social infrastructure, and education developments.

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