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MercoPress, en Español

Montevideo, July 13th 2025 - 01:51 UTC

Investments

  • Friday, January 31st 2025 - 09:47 UTC

    Autopart makers Yazaki leaving Uruguay

    Union-sanctioned production stoppages affected the company's reliability to customers, it was explained

    Japanese autopart makers Yazaki announced the closure of its two plants in Uruguay citing rising costs, leaving thousands jobless, it was reported in Montevideo. Some 1,200 workers have been affected by the measure. The plants in Las Piedras and Colonia, which had been operating since 2007, represented 300 and 900 jobs respectively. Yazaki's presence in the region will be shifting to Argentina and Paraguay.

  • Friday, January 31st 2025 - 09:24 UTC

    Swiss minister tells Peña her country interested in dealing with Mercosur

    Switzerland “has many companies that are interested in investing worldwide,” Budlinger explained

    Switzerland's Secretary of State for Economic Affairs Helen Budlinger told Paraguayan President Santiago Peña that her country was interested in expanding businesses with Asunción and with all of the Southern Common Market (Mercosur). She made those remarks Thursday as she welcomed Peña to the non-European Union nation which thus covets a separate Free Trade Agreement (FTA).

  • Wednesday, January 29th 2025 - 09:32 UTC

    New Uruguayan airline launched

    The company should be operational in the last quarter of 2025. SUA will be operating Canadian-built Airbus A220-300 aircraft

    The company to pick up the baton from Pluna as Uruguay's flag airline was launched Tuesday during a press conference at Montevideo's Carrasco International Airport. SUA (Sociedad Uruguaya de Aviación) intends to position the air terminal as a regional logistics hub by reducing flight times and costs to destinations in Mercosur and Chile, it was explained.

  • Tuesday, January 28th 2025 - 09:39 UTC

    Brazil launches Sustainability Pact for ports and airports

    Costa Filho also spoke about the potential merger between Gol and Azul

    Brazil's Federal Ministry of Ports and Airports launched an unprecedented sustainability policy for these facilities as well as for waterways in a move to encourage sustainable practices, promote transparency, and strengthen social inclusion.

  • 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.

  • 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.

  • 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.

  • 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.