Investments

• Saturday, March 11th 2023 - 11:56 UTC

  Argentine Province of Buenos Aires, Defense Ministry sign cooperation deal

  

  Buenos Aires Governor Axel Kicillof and Defense Minister Jorge Taiana signed an agreement for the shipyards Tandanor and Río Santiago to develop a multipurpose landing ship, a polar ship, and a floating dock for the Argentine Navy.

• Thursday, March 9th 2023 - 10:55 UTC

  Uruguay, Brazil agree on joint infrastructure works

  

  Brazilian and Uruguayan officials have reached an understanding whereby the Rivera airport will become binational, a waterway will be developed, and a new bridge will be built over the Yaguarón river, it was announced after Tuesday's encounter in Brasilia featuring Foreign Ministers Francisco Bustillo and Mauro Viera, among other dignitaries.

• Thursday, March 9th 2023 - 10:22 UTC

  Uruguay going through largest cruise season ever and wants more

  

  Uruguay's Deputy Tourism Minister Remo Monzeglio said this week that the South American country was going through the most active cruise season in the past 8 years, with 160 ships arrived so far (116 in Montevideo, 44 in Punta del Este and 44 others yet to reach its shores.

• Wednesday, March 8th 2023 - 10:11 UTC

  Aerolíneas Argentines to resume Carrasco-Ezeiza route

  

  Aerolíneas Argentinas will resume its direct route between Buenos Aires' largest international air terminal (Ezeiza) and Montevideo's Carrasco, which will serve as a feeder for Uruguayan travelers to board transatlantic flights to Madrid or Rome or other domestic and regional services to destinations such as New York, Cancun, Punta Cana, or Havana.

• Wednesday, March 8th 2023 - 10:05 UTC

  Argentina clinches CAF loan for gas pipeline development

  

  Argentina has secured a US$ 840 million loan from the Development Bank of Latin America (CAF), which will be largely allocated to the construction of the “President Néstor Kirchner” gas pipeline, it was announced Tuesday.

• Wednesday, March 1st 2023 - 10:13 UTC

  Colombian budget carrier leaves thousands of travelers stranded

  

  Colombian airlines Avianca, LATAM, and Satena were arranging contingency flights Tuesday after thousands of travelers were left stranded following the grounding of the financially broken budget carrier Viva Air, it was reported.

• Wednesday, March 1st 2023 - 08:05 UTC

  Tesla to build carmaking plant in Mexico

  

  Elon Musk's Tesla will install a factory to build electric cars in Mexico, which will be the company's first in Latin America, President Andrés Manuel López Obrador (AMLO) confirmed Tuesday.

• Tuesday, February 28th 2023 - 06:00 UTC

  PepsiCo announces energizing beverage in Uruguay

  

  Uruguay became this week the second Latin American country where Rockstar has been launched since the brand purchased its licenses in March 2020. The energy drink with added caffeine and vitamins B3, B5, and B6, which also contains ginseng and guarana, is to reposition the soft-drink giant in the so-called functional beverages segment together with its local bottling partner, Fábricas Nacionales de Cerveza.

• Saturday, February 25th 2023 - 08:43 UTC

  British Airways owners buy 100% of Air Europa

  

  International Airlines Group (IAG), the group owning Iberia and British Airways, has reached a deal with Globalia to buy Air Europa for €400 million to be disbursed over the next five years and thus fully owns the Spanish carrier of which it had already acquired 20% for €100 million last year.

• Friday, February 24th 2023 - 10:40 UTC

  Aerolíneas Argentinas delivered first full-cargo aircraft in 16 years

  

  Aerolíneas Argentinas took delivery of its first cargo-only aircraft in 16 years to start a new freight venture, it was reported in Buenos Aires. It is a Boeing 737-800 fully reconfigured after having served as a passenger aircraft in the past.