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MercoPress, en Español

Montevideo, December 23rd 2024 - 15:31 UTC

Investments

  • Monday, May 27th 2024 - 08:28 UTC

    Port of Montevideo ICSID case: President Lacalle pledges to defend national interests

    Some port users were privileged back in the day, Lacalle argued

    Uruguayan President Luis Lacalle Pou called for “sustaining the largest port investment in history” and pledged to “watch over the national interest” in the US$ 600 million lawsuit filed by Montecon before the International Center for Settlement of Investment Disputes (ICSID) for alleged “anti-competitive practices” in the Port of Montevideo.

  • Saturday, May 25th 2024 - 10:52 UTC

    Azul and Gol launch codeshare partnership

    “This type of commercial agreement already exists between other national and international airlines around the world,” Costa Filho explained

    Brazilian carriers Azul and Gol announced an agreement whereby each company could sell seats on codeshare domestic flights solely operated by the other, Agencia Brasil reported Friday. The understanding will become effective next month, it was also explained. Routes on which both companies compete directly are excluded.

  • Saturday, May 25th 2024 - 10:45 UTC

    Brazil and US agree to boost trade and investments to celebrate 200 years of diplomatic relations

    The Brazilian ministry of foreign trade, industry and commerce signed the agreement with the American Chamber of Commerce in Sao Paulo

    Brazil and the United States will mark 200 years of diplomatic relations on Sunday, May 26. On this date in 1824 United States recognized Brazil’s independence, signaling the beginning of extensive political, economic, and cultural ties.

  • Monday, May 20th 2024 - 10:30 UTC

    Uruguay purchases scientific hydrographic research vessel from the US

    Mt Mitchell is considered ideal for oceanography research such as chartering, sea bottoms studies, geophysics research, checking on submarine cable lines

    Uruguay has purchased a private scientific hydrographic vessel, from a United States company, Global Seas LLC, and has paid US$ 3,5 million, according to official information from the government.

  • Thursday, May 9th 2024 - 20:53 UTC

    Commonwealth Games confident on a host; Birmingham 2022, “complete success for UK economy”

    CGF President, Chris Jenkins OBE, said: “Birmingham 2022 was a spectacular, record-breaking Games that created iconic moments on and off the field, uniting the Commonwealth through sport.”

    The Commonwealth Games Federation (CGF) has confirmed that it is considering multiple proposals to Host the 2026 Games, so it was announced following the April meeting of the Executive Board, with confirmation by the end of the month. And in related news UK Department for Sports highlighted the financial success of the Birmingham Games in 2022.

  • Tuesday, May 7th 2024 - 19:19 UTC

    Argentina is the promised land for businesspeople, Milei says

    “Argentina is becoming a freer country day by day,” Milei insisted

    Argentine President Javier Milei told attendees at the Milken Institute's Global Conference in Beverly Hills that his country “has all the conditions to be the new Mecca of the West” and asked businessmen to help build “the new Rome of the 21st Century.”

  • Monday, May 6th 2024 - 10:20 UTC

    Federal gov't to rebuild Rio Grande do Sul's roads, says Lula

    “Bureaucracy will not stand in the way of us recovering the greatness of this state,” said Lula

    Brazilian President Luiz Inácio Lula da Silva announced Sunday that the Federal government would provide the funding for the reconstruction of every road in the State of Rio Grande do Sul destroyed by the storms, be them national or local, Agência Brasil reported. The head of state also pledged to reduce the bureaucracy involved in the work.

  • Saturday, May 4th 2024 - 10:59 UTC

    Japanese PM discusses Mercosur FTA with Paraguay's President

    Kishida underlined that Paraguay was a reliable partner

    Paraguayan President Santiago Peña and Japan's Prime Minister Fumio Kishida met Friday in Asunción to strengthen bilateral ties as well as to further discuss a free trade agreement (FTA) with the Southern Common Market (Mercosur). Peña, who holds the group's rotating presidency, expressed in a statement his “fervent desire” to “move forward with a free trade agreement between Mercosur and Japan.”

  • Wednesday, May 1st 2024 - 14:30 UTC

    Panama Canal Authority to explore desalinization plant's potential

    The Panama Canal uses freshwater from two local lakes to fill the locks through which vessels cross from the Atlantic Ocean to the Pacific and vice versa

    The Panama Canal Authority (ACP) announced Tuesday that a pilot plan to test the viability of implementing a desalination process was to be carried out in a move to keep the century-old structure fully operational while maintaining the quality of water for human consumption.

  • Wednesday, May 1st 2024 - 14:25 UTC

    South America as an expat destination

    Photo: Unsplash / Mike Swigunski

    South America is rising as an expat destination, and for good reason. It’s a part of the world where modern cities coexist with vast rural areas under varied climates, all while having a lower cost of living than what you’ll find in major North American and European cities. In addition to these reasons, let’s take a closer look at exactly why an expat might choose South America as their preferred destination.