Argentina

InterBaires/Dufry win Rosario tender

Buenos Aires-based InterBaires, a fully owned subsidiary of Dufry, has won the tender to redesign, operate and manage the duty free stores at Rosario International Airport in Argentina. Rosario Airport, situated just over 300 km north of Buenos Aires, is one of the few airports in Argentina that is not operated by Aeropuertos Argentina 2000 […]

Iguazu airport begins first intercontinental flights

Argentine President Mauricio Macri on Friday, August 23, “christened” the first intercontinental flight from Puerto Iguazu International Airport, as Air Europa officially inaugurated flights from Iguazu to Madrid, Spain. This is a milestone event for the airport, which in 2018 surpassed a million passengers in one year for the first time.  The airport is operated […]

Latin America’s big economies falter: Brazil, Mexico and Argentina all contracting in first quarter

The International Monetary Fund cut its outlook for global growth to the lowest rate since the financial crisis in its latest outlook issued in April. The world economy will grow 3.3 % this year, down from the 3.5 % the IMF had forecast for 2019 in January, according to the latest World Economic Outlook. World trade, which had been growing at about 5%, expanded by 3.8% last year and is forecast to rise 3.4% in 2019. Latin America is particularly hard hit, […]

ForwardKeys: Argentina’s economic woes entice tourists

International travelers are flocking to Argentina, taking advantage of the poorly performing peso to boost the value of their holiday spending money, reports travel booking analyst company ForwardKeys. Bookings for March to May are ahead 11.2% compared to last year, says the research firm. For South America as a whole, bookings are ahead 5.8%. In […]

Currency crisis in Brazil and Argentina

Buenos Aires-based John Gallagher looks at the economic situation in Latin America and studies how recent currency fluctuations are affecting the duty free business.   Currency devaluations in Brazil and Argentina in May and June have led to severe currency fluctuations in both countries, with an overspill that impacts all facets of their economies including […]

AA2000’s 15 billion Arg. Peso renovation underway at Ezeiza

Aeropuertos Argentina 2000 (AA2000) has held the concession to manage the principal airports in Argentina since 1998. Controlled by the powerful Buenos Aires based conglomerate Corporacion America, which is owned by Argentine entrepreneur Eduardo Eurnekian, AA2000 is part of a group that manages airports in Italy, Brazil, Ecuador, Italy and Armenia. In Argentina, AA2000 controls […]

Is Latin America’s economic crisis over?

John Gallagher reports from Buenos Aires. As we head into the last quarter of 2017, travel retail suppliers and operators in Latin America are asking if the tentative economic recovery of the first half year is here to stay. Brazil The fall in raw material prices in early 2014 and Brazil’s massive Lavajato corruption scandal brought about […]

London Supply celebrates 75th birthday and looks forward to growth

by John Gallagher Argentina-based independent travel retailer London Supply is celebrating its 75th birthday this year. The company started out as a classical ships supplier working out of Buenos Aires port provisioning foreign vessels with Argentina manufactured products free of taxes and duties. London Supply still offers ship supply today but now services 19 ports […]

Corporacion America eyes NYSE listing

Reuters has announced that Argentine billionaire Eduardo Eurnekian is considering listing his Corporacion America in a $1 billion listing on the New York Stock Exchange. Corporacion America, a holding company for businesses ranging from infrastructure to technology, includes Aeropuertos Argentina 2000, which operates 33 airports around the country, including Buenos Aires’ main international airport, Ezeiza, […]

Argentina’s new president ends restrictions on buying/selling dollars and reverses other currency controls

John Gallagher reports. Since Mauricio Macri, the Centrist-leaning Mayor of the city of Buenos Aires, won Argentina’s second-round runoff election on November 22nd to become the country’s next president, Argentines have been expecting major changes in fiscal and business regulations, including steps to improve relations with foreign creditors and the U.S. Macri narrowly won with […]

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