SANTIAGO — Once again, Chilean students have taken to the streets to protest the…
Chile and Japan’s commercial exchange will soon return to normal
The Ministry of Agriculture assured that the principal products of Chilean export will be able to enter through harbors that were not affected by the earthquake and the following tsunami. The Minister of Agriculture, José Antonio Galilea, affirmed that the current situation in Japan has had a huge impact on some export products of the [...]
Chile ranks 57th in global tourism competitiveness
The World Economic Forum (FEM) published a ranking that shows Chile at 57th place in worldwide tourism competitiveness. The tourism sector in Chile grew by 4,5% in 2010 and in Latin America, Chile ranks sixth behind Mexico, Costa Rica, Puerto Rico, Brazil and Panama. In the evaluation published by the FEM, Chile has “notable cultural [...]
Commercial exchange between Chile and EU registers a growth of 165%
The eight years of commercial exchange between Chile and the European Union marked a notable increase in Chilean exports. In 2003, Chile and the European Union signed the Chile-EU Association Agreement that allowed Chilean exports to rise by 13% annually. In these eight years of alliance, the commercial exchange between both partners has registered a [...]
Concha y Toro announce 40% purchase of Kross Brewery
Today the vineyard Concha y Toro announced the signing of a commercial agreement with Kross Brewery. The alliance will include the purchase of at least 40% of the brewery with the aim of actively participating in the market of national beers. It will be the first time that a Chilean wine company has joined with [...]
Chile’s job market looks promising for 2011
According to a survey by trabajando.com of 500 HR executives, 80% of Chilean companies will create employment opportunities in 2011, and 63% of the enterprises are going to raise the salary of their workers. As a consequence, the Chilean economy will experience a boom and create more employment opportunities. In this context, 35% of companies [...]
Exclusive discussion about foreign investment in Chile on I Love Chile Radio
An important economic drive for Chile in 2011 will be the attraction of foreign investment. As a country already positioned in the international community as a reliable partner thanks to its political stability and high levels of transparency, the government is keen to increase the number of overseas companies locating themselves in Chile. To lead [...]
Merger of fishing companies Camanchaca and Pesquera BíoBío
The two Chilean fisheries Camanchaca and Pesquera BíoBío have announced a joint venture that will merge industrial and traditional open-sea fishing in the central-south region of Chile. On Monday, Camanchaca and Pesquera BíoBío signed a Memorandum of Understanding to fuse their activities of pelagic fishing in the central-southern region of Chile. This merger, starting on [...]
Chile’s south develops tourist attractions
Chile’s Magellan region includes Patagonia and Tierra del Fuego, known worldwide for their unique flora and fauna. President Piñera now announced a USD $1500 million investment in the region. “We will turn Magallanes into a world-class tourist region and gateway to the Antarctic”, Piñera said. “It’s a region that has it all: the most impressive [...]
Golden investments look safe
Right now serious investors are going for gold. Due to the global economic panic the price for an ounce of the metal has never been higher, sitting at US $ 1235.500 per ounce or 833.277 pounds sterling per ounce (3p.m.16/6/10). Eton old boy Peter Hambro formed the company that is today known as Petropavlovsk PLC [...]
Hyatt to open new hotel in Viña del Mar
The hotel chain Hyatt finalized plans to start a US 60 million dollar project in the coastal region of Viña del Mar. Project manager, Fransico Vivanco, indicates that the the five-star hotel, which will be made up of 19 floors and 215 rooms, does not respond to actual consumer demand, and will instead generate new [...]