Compañía de Cervecerías Unidas (CCU) announced yesterday a three-year investment plan for a total of 4,500 million pesos ($57.48 mn). It will allow the company to double its beer production capacity at its plant in Luján, Buenos Aires. It will also imply the creation of 550 additional jobs, both direct and indirect.
The Radicle Growth, a start-up platform for agricultural and food technology, and Syngenta Group announced four entrepreneurs invited to compete in the virtual competition The Radicle Protein Challenge by Syngenta, on November 2 and 3. The winners will not only receive significant investment but will also have access to the extensive agricultural expertise of Radicle and Syngenta and global agricultural technology networks to advance and promote their technology. The winners will receive $1 million for the first and $250,000 for the second.
The agricultural sector is Argentina's leading exporter up to September with 21 billion dollars, representing 51% of the foreign exchange that entered the country so far in 2020. It expects that for the rest of the year and the first two months of 2021, it will generate 11 billion dollars more (an average of 2.2 billion dollars per month).
Coria Grupo Empresario presents attractive options for investors, in which the design and the different types of projects stand out. In the last quarter of 2020 and 2021, they will launch 1,000 units, with 120 thousand M2 of works among hotels (Dazzler by Windham in Pilar), restaurants, commercial premises and others. Even in the face of the instability of the dollar, the company's clients obtain a return of no less than 30% when they receive their units. On the rental side, properties for conventional rentals achieve a return of between 2.5 and 3.5%.
The international reserves of the Central Bank of the Republic of Argentina reached this Wednesday the 39.86 billion dollars. Such level constitutes adequate support to contain the volatility of the peso and to guarantee the necessary inputs to continue with the recovery process of the economic activity. Argentina's international reserves compose of a basket of assets that today registered falls in their prices in the context of global fear of a new wave of contagion of Covid 19.