Investments

• Friday, May 23rd 2025 - 10:27 UTC

  Telefónica sells Movistar Uruguay to Millicom

  

  The Spanish company Telefónica, through its subsidiary Telefónica Hispanoamérica, sold its Movistar Uruguay business to Millicom, a Luxembourg-based company operating under the Tigo brand, as part of its strategy to reduce its presence in Latin America. The transaction, announced to the Spanish National Securities Market Commission (CNMV), is now subject to regulatory approvals. It is also a part of Telefónica's asset divestment plan, following sales in Argentina, Colombia, and Peru in 2024, totaling over US$2 billion.

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• Tuesday, May 20th 2025 - 10:07 UTC

  Uruguay reaches agreement with railroad building consortium

  

  The Uruguayan Government of President Yamandú Orsi Monday reached an agreement with the Grupo Vía Central consortium to resolve a dispute over unpaid debts regarding the Central Railway project, thus avoiding international arbitration, it was announced in Montevideo.

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• Thursday, May 15th 2025 - 10:04 UTC

  Paraguay: Maquila Regime yields encouraging results

  

  In Paraguay, exports under the Maquila regime totaled US$ 388 million as of April 2025, a 13% yoy increase driven mainly by auto parts, textiles, aluminum products, food, and plastics, currently generating 32,712 direct jobs, a 26% growth from the previous year.

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• Wednesday, May 14th 2025 - 11:24 UTC

  Falklands Consolidated Fisheries Trust awards applications close 31st May

  

  The Falkland Islands Consolidated Fisheries Ltd., over the past five years has made 23 awards assisting individuals in further education and training, which in the long-term will benefit the Falklands community.

• Saturday, May 10th 2025 - 07:58 UTC

  Brazil eyes railroad to Chancay to facilitate trade with China

  

  Brazilian and Chinese authorities are evaluating the construction of a railroad to the Chancay mega-port in Peru through Acre, near Bolivia, to Bahia on the Atlantic coast, which would reduce the maritime trade distance to Asia by approximately 10,000 kilometers while easing reliance on the congested port of Santos, Planning Minister Simone Tebet explained.

• Monday, May 5th 2025 - 10:24 UTC

  Fully electric China Zorrilla ship launched in Australia

  

  The China Zorrilla, the world’s largest 100% electric ferry, was launched on May 2, 2025, at Incat’s shipyard in Hobart, Tasmania, Australia. Commissioned by Buquebus, the 130-meter vessel will connect Argentina and Uruguay across the River Plate, carrying up to 2,100 passengers and 225 vehicles. The vessel is due in Uruguay in the last quarter of 2025. It was the ninth unit Incat has built for Buquebus.

• Friday, May 2nd 2025 - 10:20 UTC

  Argentine airline Flybondi closer to accessing Bolivian skies

  

  Bolivia's General Directorate of Civil Aeronautics (DGAC) has authorized three new airlines to operate in the country: Argentina's budget carrier Flybondi for international routes, and local companies Andina Airlines and Go Airline for domestic flights. Flybondi has completed all required phases and is awaiting itinerary approval based on fleet availability. Andina Airlines is still in the certification process, while Go Airlines is in an earlier stage. Additionally, Arajet from the Dominican Republic is nearing authorization, only lacking the final demonstration phase.

• Thursday, May 1st 2025 - 06:32 UTC

  Forex in South America: Growing Trend or Calculated Risk?

  

  Latin America (South America) is experiencing unprecedented growth in forex trading. Is it a growing trend or a calculated risk? The numbers are saying it's an exciting and growing trend, but it's essential to understand the risk. Countries like Brazil, Mexico, Chile, Peru, and others are leading the drive for the growth of the market, with a notable increase in 2024.

• Wednesday, April 30th 2025 - 10:53 UTC

  French company suggests building suburban train lines in Montevideo

  

  The French consortium Setec conducted a feasibility study for a passenger train connecting Montevideo and Florida, Uruguay, with service potentially starting in 2030. The study, submitted to the Uruguayan government, proposes two lines—Montevideo to 25 de Agosto and Montevideo to Progreso—using the Central Railway infrastructure with relatively low investment.

• Monday, April 28th 2025 - 10:48 UTC

  Paraguayan experts visit Brazilian floating solar power plant to apply that technology to Itaipú

  

  Paraguayan technicians from Itaipu's Renewable Energy Consultancy visited a 7-megawatt floating solar power plant at the Billings dam reservoir in São Paulo, Brazil, the largest of its kind in Latin America, spanning 5 hectares to learn about flotation and anchoring systems, as part of the preparations for a similar project, albeit smaller, undertaking at Itaipú.