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Montevideo, Uruguay

Echevarriarza 3535, Suite 1601
Torre A/Torres del Puerto
11300 - Montevideo - Uruguay
Tel.: (598) 2623 2959
Fax: (598) 2623 2957
E-mail: mail@pittaluga.com

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27.06.2018

Uruguay with Stable Outlook and Credit Rating

Uruguay with Stable Outlook and Credit Rating

The country retains its second level investment grade, according to the financial risk rating agency. This is a major factor taken into account by foreign investors who are considering investing in the country. S&P affirmed Uruguay’s sovereign credit standing at BBB and rated its outlook as “stable,” thus indicating a solid foreign position for the economy despite dollarization levels.

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09.05.2018

Nine Percent Refund on VAT in Tourist Purchases

Nine Percent Refund on VAT in Tourist Purchases

Starting on Tuesday, May 1, residents and non-residents will receive the same 9 percent VAT refund on tourism-related purchases. This benefit consists of a value added tax reduction for tourism services provided to non-resident individuals and paid for with debit or credit cards issued abroad.

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27.06.2018

New Agricultural Office in China

New Agricultural Office in China

On Friday, May 11, the Uruguayan Embassy in China inaugurated its Agricultural Attaché Office to strengthen the Agricultural and Economic and Trade Department in the diplomatic mission in Beijing, and to consolidate the institutional presence of the country’s Livestock Ministry and Meat Institute in the Asian nation. The aim of this office is also to facilitate contacts between Chinese government agencies and local operators.

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09.05.2018

Growth Projected by the IMF

Growth Projected by the IMF

The International Monetary Fund (IMF) issued its World Economic Outlook, April 2018 report, in which it projects that Uruguay’s economy will see a growth of 3.4 percent in its Gross Domestic Product (GDP) in 2018 and of 3.1 percent in 2019.

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