Investments

Wednesday, July 14th 2021 - 09:00 UTC
Lack of semiconductors and electronic components limiting Brazil's car production

Brazil's Association of Automotive Vehicle Manufacturers, ANFAVEA announced that export expectations for 2021 should reach 389,000, a significant increase over the previous estimate of 353,000. Furthermore, overseas sales will stand at 20% over the 2020 figure.
Wednesday, July 14th 2021 - 08:30 UTC
Volkswagen picks Uruguay to make e-cars Latin American landing

The traditional German automaker Volkswagen has chosen Uruguay as the first country in Latin America to receive its assortment of fully electricity-powered models, it was announced during a ceremony which was attended by President Luis Lacalle Pou.
Tuesday, July 13th 2021 - 09:25 UTC
LATAM Airlines plans to be 46% operational by the end of July

The Latam Airlines Group Monday forecast that by the end of July 2021 it would be carrying 46% of the total number of passengers in pre-pandemic times.
Tuesday, July 13th 2021 - 08:37 UTC
Globant opens new Montevideo HQs, announces US $ 60 mn investment

Technology giant Globant Monday announced an investment of US $ 60 million and the hiring of more than 350 professionals by the end of 2021 during the opening of their new Montevideo headquarters.
Tuesday, July 13th 2021 - 08:30 UTC
Iconic Mar del Plata hotel closes down due to covid-19 travel restrictions within Argentina

The iconic Torres de Manantiales hotel in the traditional Argentine beach resort of Mar del Plata is closing down due to a steady lack of guests resulting from sanitary restrictions which have corseted people's freedom of movement.
Monday, July 12th 2021 - 08:36 UTC
Punta Arenas expects 40 vessels and 226 calls for the 2021/22 cruise season starting next October

Punta Arenas port authorities announced over the weekend that they expect the 2021/22 cruise season to begin next 19 October when “Sylvia Earle” calls at Chile's extreme south terminal. She will be the first of some 226 calls, so far, from forty international cruise vessels to which must be added those from domestic companies.
Thursday, July 8th 2021 - 07:09 UTC
Falklands' government awards contract for improvement of Stanley airport terminal

The Falkland Islands Government has informed that after a competitive tender, the contract for the construction of a new terminal entrance at Stanley Airport has been awarded to Falkland Building Services (FBS), a subsidiary of the Falkland Islands Company (FIC). Materials for the work should arrive in Stanley in early September 2021 and construction will then begin.
Wednesday, July 7th 2021 - 10:11 UTC
Uruguayan Supreme Court upholds conviction of former BROU CEO involved in scandal to purchase PLUNA aircraft

Former Banco República of Uruguay (BROU) CEO Fernando Calloia's 20-month jail sentence was upheld Tuesday by Uruguay's Supreme Court, thus extinguishing the chain of appeals available to the defendant.
Tuesday, July 6th 2021 - 09:15 UTC
Mining company pledges to invest US $ 34 million in lithium plant in northern Argentina

A local subsidiary of China's Ganfeng Lithium has purchased a 23-hectare property in the General Güemes Industrial Park in the northwestern Argentine province of Salta, it was announced.
Tuesday, July 6th 2021 - 09:08 UTC
Production of motor vehicles in Argentina shows signs of recovery

The production of motor vehicles in Argentina in June grew 14.5% compared to May's output for a total of 40,035 units, which made up for a 155.7% YoY increase against 2020 figures, it was reported Monday by the Association of Automotive Factories (Adefa).