Young entrepreneurs seek profits in Argentina

Despite high inflation and bureaucracy, many new companies look to cater for luxury market.

     
    While Argentina still faces one of the highest inflation rates in the world, it has not deterred young entrepreneurs from starting businesses.  

    The growing economy, and an increase in personal wealth for some of the population, has raised the demand for luxury goods, like local wines.
     
    Entrepreneurs say that there are many challenges involved in doing business in Argentina, including bureaucracy.
     
    Most of them agree that at a time of trouble for the world's leading economies, investing at home is the safest bet.
     
    Al Jazeera's Teresa Bo reports from Mendozo.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    'We were forced out by the government soldiers'

    'We were forced out by the government soldiers'

    We dialled more than 35,000 random phone numbers to paint an accurate picture of displacement across South Sudan.

    Interactive: Plundering Cambodia's forests

    Interactive: Plundering Cambodia's forests

    Meet the man on a mission to take down Cambodia's timber tycoons and expose a rampant illegal cross-border trade.

    Pakistan's tribal areas: 'Neither faith nor union found'

    Pakistan's tribal areas: 'Neither faith nor union found'

    Residents of long-neglected northwestern tribal belt say incorporation into Pakistan has left them in a vacuum.