News

07.01.20

Amendment to the Copyright Law

Amendment to the Copyright Law

On December 18, the Senate in Uruguay approved the amendment to the Copyright Law, which extends the period of post-mortem protection from 50 to 70 years, thus bringing the local regulations in line with those of Europe, United States and the rest of Latin America (with the exception of Bolivia).

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28.11.19

Leader in wind and photovoltaic power generation

Leader in wind and photovoltaic power generation

The International Energy Agency (IEA) created by the OECD, placed Uruguay in fourth place in the world and first in Latin America in generation based on wind and photovoltaic energy during 2018.

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28.11.19

Uruguay, leader among emerging markets

Uruguay, leader among emerging markets

Uruguay leads the new edition of the ESG index (Environmental Social & Governance Report) of emerging markets, prepared by the consultant JPMorgan Chase. This firm presents an index that analyzes environmental, social and institutional factors among 73 markets.

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28.11.19

Recovery in Property Law Index

Recovery in Property Law Index

According to data from the new edition of the Property Law Index (IPRI), Uruguay recovered, albeit slightly, in terms of property law compared to the rest of the world. This, after having suffered a fall of seven places the previous year.

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19.09.19

Agribusiness Growth in 2018

Agribusiness Growth in 2018

In 2018, the agribusiness sector had an 80% share of total goods exported by the country in Uruguay and is expected to be the major driver of export growth in 2019.

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19.09.19

Increase in foreign direct investments in Uruguay

Increase in foreign direct investments in Uruguay

Uruguay experienced a 2.8% increase in foreign direct investment in 2018, compared to 2017, totaling 2,702 million dollars. This is explained by the growth of 77.2% of capital contributions and by 62.2% of reinvestment of profits, the latter component being the main source of foreign capital in 2018 (68% of the total).

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19.09.19

Mercosur- European Union Agreement

Mercosur- European Union Agreement

Mercosur managed, in Brussels, to conclude negotiations for the signing of a Strategic Partnership Agreement with the European Union, an unprecedented agreement for both blocks and one of the most important in history worldwide.

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09.08.19

Single Cigarette Packaging

Single Cigarette Packaging

The amparo appeal filed by the tobacco companies Montepaz and La Republicana, against the measures included in a 2017 law concerning the generic packaging of cigarettes, aimed at battling tobacco consumption, was dismissed in Uruguay.

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02.08.19

Recognition to Carrasco International Airport

Recognition to Carrasco International Airport

Carrasco International Airport, Uruguay's main air terminal, was recognized with the 2019 Trazee Travel award as one of the five best in Latin America, as well as the Duty Free Shop Airport.

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02.08.19

OECD Features and highlights Uruguay

OECD Features and highlights Uruguay

The Organization for Economic Cooperation and Development (OECD) presented an updated report on regimes with harmful tax practices and Uruguay had no observations. Years ago, the OECD had announced for example that local free zones were among jurisdictions with “harmful tax incentives” and did not respect the measures to fight evasion promoted by the multilateral agency.

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